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Gre4nikov [31]
3 years ago
12

Discuss the reasons due to which cash book and passbook balances may not match. Is there a method to address the issues related

to these differences other than preparing a bank reconciliation statement?
Business
1 answer:
Phantasy [73]3 years ago
8 0

In a cashbook, all cash transactions or kept inside

In a passbook, in the other hand, all deposits & withdrawals are kept inside.

The difference is that one only focuses on cash, while the other can focus on cash, check, etc. A way to address the issue is to just use one book, which contains every single statement.

hope this helps

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Which of the following can increase your credit card’s APR
poizon [28]

Paying off the full balance.

 As a guidelines, your Credit Card APR will be increased if you are responsible in paying all your credit and show that you are a good user.

3 0
3 years ago
The most recent financial statements for Xporter, Inc., are shown here:
Diano4ka-milaya [45]

Solution :

Expected sales = current sales x (1 + projected sale next year increase)

                         = 5,700 x (1 + 15%)

                         = $ 6555

Expected cost = current cost x (1 + projected sale next year increase)

                       = 4200 x (1 + 15%)

                       = $ 4830

Taxable income = 1500 x ( 1 + 15%)

                           = $ 1725

Taxes (34%)  = 510 x (1+15%)

                     = $ 586.5

Net income = sales - cost - taxes

                   = 6555 - 4830 - 586.5

                   = $ 1138.5

Calculation of total asset :

Current asset = 3,900 x 1.15

                      = $ 4485

Fixed asset   = 8100 x 1.15

                      = $ 9315

Total asset = 4485 + 9315

                  = $ 13800

Calculation of total liabilities

Current liabilities = 2200 x 1.15

                            = $ 2530

Long term debt = $ 3,750

Equity = $ 6050 + (1138.5 x 0.50 )

          = $ 7189

Total liabilities  = $ 2530 + $ 3,750 + $ 7189

                          = $ 13, 469

Therefore the external financial needed is = $ 13800 - $ 13, 469

                                                                       = $ 331

8 0
3 years ago
Marco predicts he will have $18,750 in expenses for one year of college. He expects to receive $3,450 in grants annually. How mu
Rzqust [24]
7650 would be the ansawer 

7 0
3 years ago
Read 2 more answers
_____ gives the property owner an allowance for the decline in the physical condition of real estate over time.
Over [174]

Depreciation gives the property owner an allowance for the decline in the physical condition of real estate over time., the actual decline in an asset's fair value, such as the annual decline in value of factory equipment due to use and wear, and second, the allocation in accounting statements of the asset's original cost to periods during which the asset is used.

Depreciation in accounting refers to two different aspects of the same idea: first Depreciation is the process of reallocating, or "writing down," the cost of a tangible item (such as equipment) over the course of that asset's useful life.

To learn more about Depreciation, click here.

brainly.com/question/15085226

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6 0
1 year ago
Suppose that Par, Inc., management encounters the following situations:
Anna11 [10]

Answer:

[a]. 10560, [b]. 14160, [c]. 7668.

Explanation:

[a]. In order to be able to solve this particular question we have to consider what is known as LINEAR PROGRAMMING.

We have the assumption that the function to be equals to 10A + 9B. The first step that we need to take here is to find the constraint for the linear programming relaxation which is;

1/2A + 5/6B \leq 600.

1/10A + 1/4B \leq 135. Thus, A \geq0 and B

With the help of excel solver and graphs, that we have the profit at $18 we are going have the value of A =300 and B =420. Therefore, the optimal solution = [300,420].

Thus, we have the objective function value to be = 10,560. [that is 10 * 300 + 420 * 18}.

[b]. For option b, where the profit increases to $20, the optimal solution lies on A =708 and B =0. Hence, objective function value = 14,160[ that is 20 * 708 + 0].

[c]. Here, there is increase in the sewing operation capacity to 750 hours. Therefore, we will have the value of A = 540 and B = 252.

Thus, the objective function value = 7668.

8 0
3 years ago
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