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Neko [114]
3 years ago
10

Al's Bakery has a checkbook balance of $1,650. A $700 deposit was made today and will be added to the available balance tomorrow

. There are two outstanding checks that total to $623 that should clear tomorrow. There are no other outstanding items. Which one of the following statements accurately reflects this situation?
a. The firm's current available balance is equal to $1,650 plus $700 minus $623.
b. The disbursement float is $1,650.
c. The firm's available balance is greater than its book balance.
d. The firm's collection float exceeds its disbursement float.
e. The firm has a net disbursement float.
Business
1 answer:
Pepsi [2]3 years ago
5 0

Answer: D. The firm's collection float exceeds its disbursement float

Explanation:

Based on the information given in the question, the collection float will be $700. This refers to the check that hasn't been credited yet to AI's Bakery account.

Then, the disbursement float is $623. Therefore, we can infer that the collection float is more than the disbursement float.

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Kraft, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2013.
Drupady [299]

Answer:

The amount of pension expense reported for 2013 is $330,000

Explanation:

In order to calculate the amount of pension expense reported for 2013 we would have to use and calculate the following formula according to the given data:

amount of pension expense reported for 2013= $250,000 + ($2,400,000 × 0.10) - ($1,600,000 × 0.10)

amount of pension expense reported for 2013= $330,000

The amount of pension expense reported for 2013 is $330,000

8 0
3 years ago
Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fix
Ilia_Sergeevich [38]

Answer:

See the excel spreadsheet attached.

Anticipated profit/(loss) is ($20,000).

Explanation:

The net profit/(loss) is the difference between the total sales and total cost. The total sales is computed as the product of the sale of each book and the number of books sold. The total cost is the sum of the variable and fixed costs.

The total variable cost is the product of the variable cost per book and the total number of books sold.

Alternatively, sales less variable cost gives contribution margin. Contribution margin less fixed cost gives the net profit. As shown in the spreadsheet attached.

Download xlsx
3 0
4 years ago
Where is poseidon when the gods at council decide to help odysseus to return home?
alekssr [168]
During that time, poseidon was with the Ethiopians
In the story, Ethiopia is described as the farthest limit of the mandkind, and he attend that place because the people of Ethiopian make some offerings to worship him. When he got back from Ethipia, he got really angry because the other Gods has changed their mind on Odysseus


6 0
4 years ago
If a frozen pizza plant is the cost object, classify each of the following costs as direct or indirect, respectively: property i
emmainna [20.7K]

Answer:

Indirect

Direct

Iindirect

Explanation:

Direct cost is the cost that can be traced back to the cost object whereas the indirect cost cannot be traced back. Cost object is something to which the costs are assigned. in this case the cafeteria workers are directly working with the cost object:Frozen pizza plant, hence the cost is directly associated with that. Janitorial supplies and property insurance cost does not directly relate to The cost object given here so it will be classified as indirect cost.

3 0
3 years ago
A ___________ is a consumer problem, need, or desire that a business could provide a solution for. A. Change or trend B. Company
Katen [24]

Business opportunity........

5 0
3 years ago
Read 2 more answers
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