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enyata [817]
2 years ago
14

At June 1, 2022, Massoth Industries had an Accounts Receivable balance of $18,000. During the month, the company had credit sale

s of $25,000 and collected Accounts Receivable of $27,000. What is the balance in Accounts Receivable at June 30, 2022
Business
1 answer:
SOVA2 [1]2 years ago
4 0

Answer:

$16,000

Explanation:

Calculation to determine the balance in Accounts Receivable at June 30, 2022

Accounts Receivable balance $18,000

Add Credit sales $25,000

Less Accounts Receivable ($27,000)

Balance in Accounts Receivable $16,000

($18,000+$25,000-$27,000)

Therefore the balance in Accounts Receivable at June 30, 2022 is $16,000

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If the cash register tape reads $220, the Change Fund is $100, and the cash count is $318, there is a $2 overage to Cash.
Oksi-84 [34.3K]

Answer:

B. False

Explanation:

A cash overage is a situation whereby the sum, of the cash count and the petty cash expenses are greater than the float.  In this situation, it means that there is excess in the cash.  The expected cash balance is less than the actual cash balance.  The opposite is a cash shortage where the sum of the cash count and the petty cash expenses are less than the float.  That means that the cashier must have spent more cash than is necessary.

7 0
2 years ago
Kira deposited $4000 into an account with 3% interest, compounded monthly. Assuming that no withdrawals are made, how much will
tankabanditka [31]

$4,376.21

A(t) = P(1+(r/n))^(nt)

t = time

n = number of times it is compounded per year

r = rate of interest

p amount deposited

4000(1+(0.03/12))^(12*3) = 4376.2056


Hope I helped!

8 0
2 years ago
Hedge funds report average returns in December that are higher than their average returns in other months. This phenomenon _____
RSB [31]

Answer:

I, II, III, and IV

Explanation:

A hedge fund is made up of relatively liquid assets that are used to improve performance though short selling, leverage and derivatives.

There is use of complex trading techniques, risk management, and portfolio construction.

Usually a spike in returns occurs during December, this is called the Santa effect.

Managers receive an incentive fee when there is a good past performance of hedge funds.

So during December they tend to inflate the value of hedge funds.

This results in stronger valuation for low liquidity funds

8 0
2 years ago
A globe company currently manufactures a globe that is 16 inches in diameter. if the dimensions of the globe were reduced by hal
svlad2 [7]

The volume of the new globe will be 803.84 inch^3

Solution:

Diameter = 16inch

Radius = \frac{Diameter}{2} = \frac{16}{2} = 8inches

New Radius = \frac{radius}{2} = \frac{8}{2} = 4 inches

We know that

Volume of a sphere = \frac{4\pi r^3}{3}

V = \frac{4 \times 3.14\times4^3}{3} = 803.84 inch^3

<h3>What is Volume?</h3>
  • Volume is a measurement of three-dimensional space that is occupied. Numerous imperial units or SI-derived units, such as the cubic meter and liter, are frequently used to quantify it numerically (such as the gallon, cubic inch).
  • In contrast to how much space the container actually occupies, the volume of a container is typically thought of as its capacity, or the amount of fluid it could hold.
  • Arithmetic formulas can be used to quickly calculate the volume of several straightforward three-dimensional shapes. If a formula for the shape's boundary is known, it is possible to use integral calculus to determine the volumes of more complex shapes.
  • No object in the dimensions of zero, one, or two has volume; in the dimensions of four and above, the hypervolume is a concept similar to the standard volume.

To learn more about volume with the given link

brainly.com/question/1578538

#SPJ4

6 0
1 year ago
The number of minorities in the workforce is?
Liula [17]

Answer:

increasing

Explanation:

i got it from quizlet so if its not right im sorry i tried my best !!

3 0
10 months ago
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