what would happen if you could become invisible whenever you wanted to? what are some things you would do?

The following selected transactions relate to cash collections for a firm that maintains a $100 change fund at all times. Presen

irakobra [83]

Answer:

a, Journal Entries to record transactions

Account Titles Debit Credit

Cash $5,412.36

Cash Short and Over $0.71

($5,413.07 - $5,412.36)

Sales $5,413.07

The actual cash in cash register is debited to cash account and cash receipts per cash register tally is credited to sales account and the balancing figure is debited or credited to Cash short and over account.

b. Journal Entries to record transactions

Account Titles Debit Credit

Cash $3,712.95

Cash Short and Over $0.79

(3,712.95 - 3,712.16)

Sales $3,712.16

7 0

3 years ago

The budget director of Feathered Friends Inc., with the assistance of the controller, treasurer, production manager, and sales m

aivan3 [116]

Answer:

1. Sales Budget:

Bird House 3,200 units * $50 per unit = $160,000

Bird feeder 3,000 units * $70 per unit = $210,000

Total Revenue = $370,000

Explanation:

2. Production Budget:

Bird House

Expected units to be sold = 3,200

Less: Desired ending finished goods = 290

Total Units to be produced = 3,490

Less: Beginning Units = 320

Units to be produced = 3,170

Bird Feeder

Expected units to be sold = 3,000

Less: Desired ending finished goods = 250

Total Units to be produced = 3,250

Less: Beginning Units = 270

Units to be produced = 2,980

6 0

3 years ago

Mr. Porter sells 10 bottles of champagne per week at $50 per bottle. He can sell 11 bottles per week if he lowers the price to $

Anuta_ua [19.1K]

Answer:

$45; $50

Explanation:

Given that,

Quantity sold (at price = $50 per bottle) = 10 bottles of champagne

Quantity sold (at price = $45 per bottle) = 11 bottles of champagne

Therefore,

Quantity effect (keeping the price unchanged):

= (11 - 10) × $45

= $45

Price effect (keeping the quantity unchanged):

= ($45 - $50) × 10

= - $50

Hence, total revenue experiences an increase of $45 and a decrease of $50.

3 0

3 years ago

HOW CAN THE EXTENSIBILITY OF A PLATFORM BENEFIT A BUSINESS

AysviL [449]

Answer:

Having an extensibility platform allows companies to build and run solutions that address needs beyond the standard product but also allows them to bring innovation trends to those same solutions without risking their ongoing operations.

Explanation:

8 0

3 years ago

Which of the following statements regarding Government National Mortgage Association (GNMA) securities are true EXCEPT:________.

m_a_m_a [10]

Answer: B) GNMAs are considered to be the riskiest of the agency issues

Explanation:

The Government National Mortgage Association (GNMA) or <em>Ginnie Mae</em> as they are popularly known, are a Federal agency that guarantee the payment of interest and principal on securities by lenders that are approved by the Agency.

As a result, these securities are backed, like Treasury Bills, by the full faith and credit of the United States Government which means that they are the safest of Agency issues.

4 0

3 years ago