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3 years ago

What are the Business Activities ?

Business

2 answers:

Dvinal [7]3 years ago

8 0

Answer:

There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.

ohaa [14]3 years ago

5 0

Answer:

There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.

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coomer co had net sales of 600000 net income of 35260 and average total assets of 680000 what is the return on total assets

Charra [1.4K]

Answer:Return on Total assets ==5.19%

Explanation:

Return on Total assets shows one the idea of the profitability of a company's assets in generating revenue before interest and taxes. it is expressed in percentage and its formula is given as

Return on Assets = Net Income (Earning before interest and taxes) / Average total assets

= 35,260/ 680,000 = 0.05185 x 100

=5.19%

5 0

3 years ago

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On October 31, Year 1, A company general ledger shows a checking account balance of $8,445. The company’s cash receipts for the

slamgirl [31]

Answer:

Balance as per cash book $ 8,445

Adjustments to be recorded in cash book

Less: Bank Service Fees $ ( 310)

Add: Note receivable $ 6,600

Add: Interest earned $ 1,120

Adjusted cash balance $ 15,855

Balance as per bank statement $ 12,895

Add: Deposits in transit ( $ 74,640 - $ 71,375) $ 3,265

Less: Unpresented cheques ( $ 72515- 71270) $ (1,245)

Add: Correction of error $ 940

Adjusted bank balance $ 15,855

Explanation:

For cash book, the adjustments that have to be recorded are the bank service fees, collection of notes and interest.

For bank statements, the adjustments that have to be recorded are the deposits in transits ( collections not deposited). unpresented cheques ( cheques issued but not presented) and the correction of the wrong entry.

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3 years ago

Why is doing timely reconciliations a key part of internal control activities? It ensures that

kati45 [8]

Answer:

It ensures that the Effective internal control reduces the risk of asset loss, and helps ensure that plan information is complete and accurate, financial statements are reliable, and the plan's operations are conducted in accordance with the provisions of applicable laws and regulations. ... Why internal control is important to your plan.

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3 years ago

Historically, demand has averaged 1447 units per week with a standard deviation of 715. The company currently has 2855 units in

Alik [6]

Answer:

c. 97.558%

Explanation:

Options are "A. 50.0.% B. 2.442% C. 97.558% D.197.0% E. 47,442%"

Mean = μ = 1447

Standard deviation = σ = 715

Observed value = X = 2855

Using z-score formula, Z = (X - μ) / σ

Z = (2855 - 1447) / 715

Z = 1.97

P(Z<1.97) = 0.97558

P(Z<1.97) = 97.558%

So, the probability of a stock-out is 97.558%.

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3 years ago

What is one course of action available in every problem solving process

Sonja [21]

Choose to do nothing about the problem is always a course of action.

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3 years ago

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What are the Business Activities ?​

What are the Business Activities ?