The ending cash balance will be $11,000.
$28,000- $12,000
$16,000
$16,000-$10,000
$6,000
$6,000+$5,000
$11,000
Answer: None of the above.
Explanation:
The correct answer will be "None of the above." The person who handles cash cannot issue credits to customers on sales returns. This could be because their job function does not include this process.
The person also may not account for cash receipts to customers. They can also not account for cash purposes. This could also be because these processes are not included in the persons job function or duties.
Each job function has a clear set of duties that one can perform. Each business has different jobs for people and this particular one does not allow for the person handling cash to do anything else.
Based on the beginning retained earnings balance and the net income as well as dividends, the retained earnings balance will be $1,585,500.
<h3>How much are retained earnings on Dec. 31?</h3>
This can be found as:
= Beginning retained earnings + Net income + dividends paid
Solving gives:
= 1,250,000 + 287,500 + 48,000
= $1,585,500
Find out more on retained earnings at brainly.com/question/25998979.
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Answer:
Bank B for the car loan and Bank A for the savings account
Explanation:
The reason why this would be your answer is because when you are opening a savings account, you want to make sure that the interest is high. However, when you get a new car, you want to make sure that the interest is low. Bank B provides a low interest rate, while Bank A provides a high interest rate.
Why are the two the opposite? Here's the answer:
Why you should get a high interest rate for a savings account:
You should get a high interest rate for the savings account because the interest you have for the savings account is the money that the bank will give you, so it's pretty much free money that the bank is giving you for having your money saved in their bank. If you want to get more money from the bank because of your savings account, then you should find one with a high interest rate
