Answer:
D) deduction from the balance per bank statement
Explanation:
A bank reconciliation statement is a document that matches the cash balance on a company’s balance sheet to the corresponding amount on its bank statement. Reconciling the two accounts helps determine if accounting changes are needed. Bank reconciliations are completed at regular intervals to ensure that the company’s cash records are correct. They also help detect fraud and any cash manipulations.
Average of all forecast errors is 0 a company wants to use a regression analysis to forecasts the demand for the next quarter.
Answer: c) $7,535
Explanation:
The Collection Float refers to the time that it takes for a deposited check to become available to the account owner after the check has been deposited.
The Average amount is calculated thus;
= No. of payments * Clearing days * average value of payment
= 138 * 1.3 * 42
= $7,535
Answer:
Plain = 450 per month
Flavored = 1800 per month
Explanation:
We will calculate the breakeven in composite units first and then separate the into both products to find out individual number of both products that needs to be sold to break even.
The breakeven in units = Fixed cost / composite contribution margin
The composite contribution margin per unit = Contribution of Product 1 * weight of product 1 + Contribution of product 2 * weight of product 2
Thus, the composite contribution margin (CM) per unit for Popped is,
CM per unit-composite units = (2-0.8) * 1/5 + (4-2.5) * 4/5 = $1.44 per unit
The breakeven in units = 3240 / 1.44 = 2250 units per month
Out of this,
Plain = 2250 * 1/5 = 450 unts
Flavored = 2250 * 4/5 = 1800
I will use a debit card because my parents add my allowance to my checking account. Other possible payment decisions I can make are to use a check.
