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3 years ago

The following information is available for Birch Company at December 31:

Business

1 answer:

KIM [24]3 years ago

8 0

Answer:

the cash and cash equivalent is $29,420

Explanation:

The computation of cash and cash equivalent is given below:

Money market fund balance $2790

Cash in Bank Account $21,430

Cash in Petty cash funds $200

U.S Treasury bill purchased on Dec.15 $5,000

cash and cash equivalent $29420

Hence, the cash and cash equivalent is $29,420

The same is to be considered and relevant too

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Pls help me answer these 2 questions for my Econ Test on Tuesday plzzzz!!!!

Ainat [17]

Answer:

1: A fixed resource is any resource that will always be available with a room arrangement where as Variable resources are electricity producers whose output amount and availability can vary due to the nature of fuel being used - for example, wind, solar, or run-of-river hydro. .

2: The short run is a period of time in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied where as the long run is a period of time in which the quantities of all inputs can be varied.

Explanation:

hope it helps!

6 0

3 years ago

Pierce Corporation exchanged old equipment for new equipment. The original cost of the old equipment was $120,000, and its accum

ololo11 [35]

Answer:

new equipment 50,000 debit

accumulated depreciation 40,000 debit

loss at disposal: 30,000 debit

old equipment 120,000 credit

--to record trade of equipment--

Explanation:

Let's break the transactions into small parts:

We need to remove the old equipment from accounting along with their accumulated depreciation so:

accumulated depreciation 40,000 debit

old equipment 120,000 credit

Then, we debit the new equipment at fair value:

new equipment 50,000 debit

Last, assuming the trade has commercial substance: we recognize the gain or loss on sale:

book value of traded equipment: 80,000

fair value of new equipment: 50,000

loss at disposal: 30,000

Thus, the journal entry will be as follows:

new equipment 50,000 debit

accumulated depreciation 40,000 debit

loss at disposal: 30,000 debit

old equipment 120,000 credit

4 0

3 years ago

The U.S. Treasury offers to sell you a bond for $715.00. No payments will be made until the bond matures 15 years from now, at w

nalin [4]

Answer:

interest rate is 2.25 %

Explanation:

given data

sell bond = $715

bond matures = 15 years

redeem = $1,000

solution

we apply here formula that is

amount = principal × $(1+r)^{t}$ ................1

here put value and we get

1000 = 715 × (1+r)^{15}

$(1+r)^{15}$ = $\frac{1000}{715}$

solve it we get

r = 0.022617

so rate is 2.25 %

7 0

3 years ago

To manufacture protective cases and keep its operations running smoothly, Connie’s Case Creations makes purchases from a number

AnnZ [28]

Answer:

Purchase of large-scale machinery to mold each case.- Major Equipment

Major equipment are large scale type assets.

Purchase of cleaning fluids for maintaining manufacturing equipment - Supply

Supply goods are bought to enable the company maintain their equipment.

Purchase of accounting services for tax preparation - Business Service

They are services purchased to maintain the business.

Purchase of bulk plastics to be molded into cases - Raw Materials

These are the commodity goods that will be used to make finished products.

Purchase of multifunction laser printers for office use - Accessory Equipment

Accessory equipment are light in nature but are still needed to help in the operations of the business.

Purchase of leather straps to be fastened to finished cases - Component Part

Purchase of plastic glues to attach decorations to finished cases - Process Material

These are products that will be used in the production process.

8 0

4 years ago

On her first day on the job in the fast food restaurant, Kayla's supervisor spent considerable time with her, explaining procedu

Aleksandr [31]

Answer: Role taking

Explanation:

The leader–member exchange theory simply focuses on the two way relationship that exist between the leaders and the followers.

When a new member joins the organization, it's the responsibility of the leader to assess the talent of the new employee and offer him or her the opportunities to demonstrate their capabilities and explain the functions that the person is expected to perform. This is what Kayla's supervisor is performing.

8 0

3 years ago