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3 years ago

A company set up a petty cash fund with $800. The disbursements are as follows:

Business

1 answer:

kkurt [141]3 years ago

3 0

Answer:

The correct option is B,cash at bank.

Explanation:

In creating the fund,cash of $800 needs to made available to the petty cash account.

In order to achieve this,the cash is moved from the cash at bank to petty cash which effectively means that the cash at bank the giving account should be credited while the receiving account,the petty cash account is debited.

Option B is correct since it is the account meant to be credited in order that the petty cash fund account can be created

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Deposits in transit Select one: a. have been recorded on the company's books but not yet by the bank. b. have not been recorded

mojhsa [17]

Answer:

a. have been recorded on the company's books but not yet by the bank

Explanation:

The deposit in transit means the deposit is recorded in the book of the company accounts but the same is not recorded in the bank books of account unless when they are not deposited.

So while preparing the bank reconciliation statement, we added the deposit in transit and deduct the outstanding checks in the bank books of accounts

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3 years ago

Cold Duck Airlines flies between Tacoma and Portland. The company leases planes on a year-long contract at a cost that averages

larisa [96]

Answer:

The answer is: D) continue flying until the lease expires and then drop the run.

Explanation:

Currently Cold Duck Airlines is losing money:

revenue < total costs

It only gets $1,000 in revenue per flight but spends $1,150 per flight (net loss of $150 per flight).

They should continue flying only until the lease contract expires. Usually lease contracts apply penalties if they are terminated early. We don't know the penalty amount but still it is never good to breach a contract.

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2 years ago

Segmenting customers on the basis of things like products purchased, sales history, demographic information, and desired product

nikklg [1K]

The answer of the given question is false which is the given statement is not true.

At its most basic level, CRM software compiles customer data and stores it in a single CRM database for easier management and access by company users.

CRM systems have had a lot of extra features added to them throughout time to increase their utility. Some of these features include the ability for managers to monitor performance and productivity based on data logged within the system, as well as the ability to automate various workflow automation processes, such as tasks, calendars, and alerts, depending on system capabilities. Other features include recording various customer interactions via email, phone, social media, or other channels.

learn more about CRM here brainly.com/question/25752641

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4 0

1 year ago

Assume the following data for a country: Category Number of People, Millions Total population 500 Population under 16 years of a

Aleonysh [2.5K]

Answer:

230 people

Explanation:

a. What is the size of the labor force

The labor force is the sum of the number of employed and unemployed, unemployed meaning people who lack employment, but who want to work, and are looking for a job.

First we substract the people that is not in the labor force, and those under 16 years of age from the total population: 500 - 120 - 150 = 230.

Of this figure, 150 people are unemployed, 23 are part time workers looking for full time employment (they are employed), and the rest: are 57 employed people.

So the size of the labor force is effectively 230 people.

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3 years ago

Comparing payback period and discounted payback period. Nielsen, Inc. is switching from the payback period to the discounted pa

blondinia [14]

Question Completion:

Given the following four projects' cash flows, and using a discount rate of 10%, ...

project 1 project 2 project 3 project 4

Cost $10,000 $15,000 $8,000 $18,000

Cash Flow Year 1 4,000 7,000 3,000 10,000

Cash Flow Year 2 4,000 5,500 3,500 11,000

Cash Flow Year 3 4,000 4,000 4,000 0

Answer:

<h2>Nielsen, Inc.</h2>

Determination of Projects Acceptance under Payback Period and NPV:

Payback Period NPV

Project 1 Accepted Rejected

Project 2 Accepted Rejected

Project 3 Accepted Accepted

Project 4 Accepted Accepted

Explanation:

1. Data and Calculations:

project 1 project 2 project 3 project 4

Cost $10,000 $15,000 $8,000 $18,000

Cash Flow Year 1 4,000 7,000 3,000 10,000

Cash Flow Year 2 4,000 5,500 3,500 11,000

Cash Flow Year 3 4,000 4,000 4,000 0

Total inflows $12,000 $16,500 $10,500 $21,000

Discount rate = 10%

Payback period Year 3 Year 3 Year 3 Year 2

2. Discount factors: Year 1 = 0.909; Year 2 = 0.826; and Year 3 = 0.751

3. PV of Cash Flows:

project 1 project 2 project 3 project 4

Cost $10,000 $15,000 $8,000 $18,000

Cash Flow Year 1 3,636 6,363 2,727 9,090

Cash Flow Year 2 3,304 4,543 2,891 9,086

Cash Flow Year 3 3,004 3,004 3,004 0

Total PV inflow $9,944 $13,910 $8,622 $18,176

4. NPV ($56) ($1,090) $622 $176

5. Nielsen, Inc.'s payback period is the number of years (or length of time) it takes an investment to reach its break-even point (the point where there is no gain or loss). Nielsen's NPV is the difference between total cash inflows and cash outflows over some periods. A positive NPV for Nielsen shows that the projects should be accepted, while a negative NPV points to some underlying problems with the projects, especially with respect to cash inflows and outflows.

7 0

3 years ago