Answer:
See below
Explanation:
Bank Reconciliation for Wildhorse Company for July 31
Balance as per cash book $4,220
Less:
Bank charges ($42)
Add:
Note collection in bank
Adjusted cash book balance
Add:
Outstanding checks
Less:
Uncleared deposit
Balance as per cash book
Answer:
the discount is for 60 dollars
therefore Simmons will pay 2,940 dollar for the inventory
Explanation:
From the invoice nominal we should remove the returned goods.
nominal 5,000
returns 2,000
balance: 3,000
commercial terms: 2/10 the discount is 2% if paid within 10 days
3,000 x 2% = 60 dollars
net cash disbursements: 3,000 - 60 = 2,940 dollars
Answer: Management by objectives (MOB)
Explanation:
Management by objectives also known as management by results is a management method which helps to improve the performance of an organization by defining clearly the objectives that are agreed on by the management and employees.
Management by Objectives is a personnel management technique where managers and employees work together to set, record and monitor goals of an organization for a specific period of time. Organizational goals and planning flow from top to the bottom.
When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold, the tax has caused a deadweight loss.
<h3>What is meant by deadweight loss?</h3>
- The gap between the production and consumption of any given good or service, including taxes, is referred to as deadweight loss in economics. Deadweight loss is most frequently detected when the quantity generated compared to the quantity consumed deviates from the ideal surplus concentration.
- Overproduction of commodities results in a loss of money. For instance, a baker might only sell 80 of the 100 loaves of bread they produce. There will be a deadweight loss since the 20 remaining loaves will become moldy and dry, and they will need to be thrown away.
- The loss in economic activity that results when the market pricing of products or services change negatively affects consumers and businesses is referred to as deadweight loss.
- You need to know the change in price and the change in quantity demanded in order to compute deadweight loss. Deadweight Loss is calculated using the following formula:. 5 * (P2 - P1) * (Q1 - Q2).
When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold, the tax has caused a deadweight loss.
To learn more about deadweight loss, refer to:
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