Answer:
The correct answer is B
Explanation:
Deposit in transit is the term which is defined as the checks and cash which have been collected and reported by an entity in the books, but it is not yet recorded or processed in the records of the bank where the funds are deposited.
So, the item of deposit in transit will cause the cash per bank statement to be smaller than the balance of cash showed in the accounting records because it is that cash which is received by the company and sent to the bank but not yet processed or posted to the bank account by the bank.
Answer: "A calculation of financial ratios and an evaluation of the comparative trends in the firm’s financial position and performance over a certain time period" would be best to include in a financial statement analysis because The calculation of these ratios allow us to analyze in detail the financial and economic situation of the company. In other words, the company's ability to meet its obligations and generate profits.
Analyzing these ratios in a comparative way between 2 periods allows us to see the trend of the ratios and from this we can estimate where the company is heading.
Answer:
Quantity discounts can be taken advantage of for large lot sizes.
Explanation:
The EOQ model assumptions:
the order of one item does not intervene with the other.
The order will arrive without delay and with a specific amount of goods.
no losses or damage in transit
The EOQ does not consider the discount for large lot size, their formula does not consider the value of the goods:
Its use: Demand of the good
cost of Setup, or ordering cost.
and Holding cost, the cost of keeping the inventory
There is no variable to account for discounts for order size in this method
Answer:
Expense(s) category
Explanation:
Expenses such as entertainment and meals are meant to be included in the expense category of the financial statements even when these expenses are not deductible for tax purposes. This is beacuse the meals and entertainment are business expenses and as such should be included in the financial statements as every expense is important in proper income calculation.
Cheers.
My monthly cash inflow after a 20% tax has been withdrawn from my check is $256.
My monthly cash inflow is the amount I earn per month less total tax I pay. A tax is a compulsory sum that is levied on goods and services. Taxes reduces the total amount I would earn.
In order to determine my monthly cash flow, the first step is to determine my total income without taxes.
Total monthly income = weekly earnings x 4
$80 x 4 = $320
The second step is to determine the taxes I would pay on my monthly income.
Taxes paid = percentage tax rate x monthly income
$320 x 20%
0.2 x $320 = $64
The third step is to subtract the taxes I would pay from my monthly income.
$320 - $64 = $256
A similar question was answered here: brainly.com/question/16702516?referrer=searchResults