Answer:
The true cash balance was $5,300
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The computation of the true balance is shown below:
= Bank balance + deposit in transit + check error - outstanding checks
= $7,800 + $3,150 + $550 - $6,200
= $5,300
The other information is related to the cash book balance. So, we do not consider in the computation part. Hence, ignored it
Answer:
The problem is that their is a direct correlation between the number of line items you hold in inventory and the total amount of inventory that you hold.
Explanation:
No Explanation. Enough Said
Answer: $2400 million
Explanation:
Net cash inflow from operations = $4,100 million
Add: Net cash inflow for financing = $3,700 million
Less: Net cash outflow for investing = $6,200 million
Net cash flow during the year will be:
= $4100m + $3700m - $6200m
= $1,600 million
Add: Beginning cash balance= $800 million
Therefore, the cash on the balance sheet at February 2, 20x2 will be:
= $1600 million + $800 million
= $2,400 million
Answer:
c. $150.
Explanation:
the extra amount of hours Maurice can work taking a flight will be of 5 hours
(8 hours taking a plane against 3 hours if driving)
As the income per hour is 30 dollar it can generate;
5 hours x $30 per hour = $150
Maurice will only travel by plane if it generates the same or more income than the driving thus, a differencial price of less than 150 dollars will provide Maurice with a net gain. Also we should consider that if Maurice drives his car it is taking a depreication hit per mile while driving that is being ignoer to keep the assignment simple. But considering that the amount of differential income could be higher than $150
(b) Increased effectiveness of collection methods - It will increase the turnover ratio and decrease the days to collect.
Effectiveness is the functionality of producing a preferred result or the capability to supply preferred output. whilst something is deemed powerful, way it has a supposed or predicted outcome, or produces a deep, vibrant effect.
Effectiveness is the principle noun form of the adjective effective, this means “ok to accomplish a cause; producing the supposed or predicted end result.” (another, less common noun form of effective is efficiency.).
Learn more about effectiveness here: brainly.com/question/14905866
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