Answer:
The correct answer is:
Expenditures—2017 in the amount of $200. (C.)
Explanation:
This scenario describes a record that was less than the actual amount spent on the General Fund supplies. The amount recorded was $2,000, meanwhile the actual amount spent was $2,000. This entails that an amount worth $200 was not recorded, hence it will be debited as expenditures, but the question now is where the debit will be recorded?
This review was done in January 2017, meaning that the income statement for the 2016 Fiscal year must have been balanced, hence the amount will be an expenditure recorded in 2017, but the particulars will have a description that it was a carried over expenditure from 2016. Therefore $200 will be debited from 2017 as expenditures.
Answer: Please refer to Explanation.
Explanation:
a. The company regularly follows up with customers who pay late.
This is GOOD.
Cash Management Strategy - Collection of Accounts Receivables on time to maintain cash balance.
b. Excess cash is put into short-term investments to earn extra income.
This is GOOD.
Cash Management Strategy - Earning extra income on idle cash by investing in short-term liquid investments.
c. Cash receipts and cash payments are regularly planned and reviewed.
This is GOOD.
Cash Management Strategy - Cash Planning to establish a correct balance between payments and receipts.
d. Rarely used equipment is rented rather than purchased.
This is GOOD
Cash Management Strategy - Saving money by spending economically only when needed.
e. Bills are paid as soon as they are received.
This is BAD
Cash Management Strategy - Paying bills when due to ensure that operating cash balance is maintained at a healthy level.
If you need any clarification do comment.
Cheers.
Answer: 15.42%
Explanation: PV ( present value) = $21,320
FV (Future Value) =$ 32.1 million.
Years(y) = 1947-1998 = 51years
r = (FV/PV)^(1/y) - 1
r = ( $32,100,000 / $21,320) ^ ( 1/51) - 1
r = ( $1505.6285)^ ( 0.0196) - 1
r = 1.15421 - 1
r = 0.0154205 X 100%
r = 15.42%
Answer:
The answer is: No, he can't discriminate.
Explanation:
The Civil Rights Act of 1866 defined citizenship without distinction of race or color, and stated that all citizens are equally protected by the law.
So the owner of the house (as well as everyone else in this country) is prohibited by law to discriminate potential buyers on the basis of race.
