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Eddi Din [679]
3 years ago
15

The following information pertains to Lance Company.

Business
1 answer:
nalin [4]3 years ago
5 0

Answer and Explanation:

The preparation of the bank reconciliation statement is presented below:

Balance as per bank $8,732.00

Add: Deposit in transit $3,500.00  

Less: Outstanding checks  -$1,486.00

Adjusted bank balance  $10,746.00

Balance as per books $8,768.00

Add: EFT received from customer $2,023.00

10791.00

Less: Service charges -$45.00

Adjusted book balance  $10,746.00

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Jerry Rawls is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation
Savatey [412]

Answer: 0.785 days

Explanation:

Cash conversion cycle = Days inventory outstanding + Days sales outstanding – Days payable outstanding

Days inventory outstanding = 365/inventory turnover

= 365 / 50

= 7.3 days

Days sales outstanding = 365 / 8

= ‭45.625‬ days

Days payable outstanding = 365 / 7

= 52.14 days

Cash conversion cycle = 7.3 + 45.625 - 52.14

= 0.785 days

8 0
2 years ago
Research suggests that people just care about getting a paycheck out of their jobs.
quester [9]

Answer (1)

<em>False</em>

Explanation:

Getting a paycheck is not what most people want out of their job, <em>studies have shown that some people, contrary to the general believe actually look for other things asides paycheck from their jobs.</em> Some of these factors that encourages people into finding fulfillment in their jobs includes permanent flexibility of the working time, commitment into to health and well being of the staffs by the employer of these people, etc. <em>This factors creates a sense of purpose in the workers, encouraging them to put their body and soul into the job without thinking too much about the paycheck.</em>

Answer (2)

<em>True</em>

Explanation:

<em>Different people have different reasons for working</em>, although some just work for the paycheck, others are driven by a sense of purpose among other things. To some people, the work setting provides a sort of belonging and gives them the impression of working in a team, which is what most people actually want.

Answer (3)

<em>2. Belongingness</em>

<em></em>

Explanation:

As stated, some workers just want the setting that provides a sense of belonging and security within a team. <em>This type of workers are not too concerned with the paycheck increase that comes with a promotion if it takes them away from their perceived team.</em>

8 0
3 years ago
Rocco earns​ $19.00 per hour for straight time​ (40 hours), and the company pays him​ time-and-a-half for overtime. he worked 49
hram777 [196]
The solution to get the gross pay for the week of Rocco;First we will calculate the straight time pay which is (40 x $19.00) = $760,  second is the overtime pay which is (3 x $19.00 x 1.5) = 85.5, we will just add the straight time pay and overtime pay to get the gross pay and it is $845.5
4 0
3 years ago
Orange Corporation has budgeted sales of 26000 ​units, targeted ending finished goods inventory of 6000 ​units, and beginning fi
bonufazy [111]

Answer:

29,000 units

Explanation:

The computation of the number of units produced next year is shown below:

Number of units produced next year = Ending finished goods inventory units + budgeted sales units - beginning finished goods inventory units

where,

Ending finished goods inventory units is  6,000 units

Budgeted sales units is 26,000 units

And, the beginning finished goods inventory units is 3,000 units

So, the number of units produced is

= 6,000 units + 26,000 units - 3,000 units

= 29,000 units

We simply applied the above formula

8 0
3 years ago
PLEASE HELP FAST!!! What is the MOST likely reason that lottery winners often end up with serious financial problems?
zhuklara [117]

Answer:

taxes and no money management

Explanation:

some comes out of taxes and you do not know what to do with so much money

5 0
2 years ago
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