Answer and Explanation:
The preparation of the cash budget for the month of March ended is presented below:
Cash Budget
Particulars Amount ($)
Opening Cash Balance 72,000
Add: Cash Receipts from Sales 300,000
Total Cash Available 372,000
Less:
Cash Payments
Purchases 140,000
Salaries 80,000
Cash Expenses 45,000
Repayment of Bank Loan 20,000
Total Payments -285,000
Closing Cash Balance 87,000
We simply deduct the all payments from the total cash available so that the ending balance of cash could come
Diversification in investments will reduce long-term risk.
Answer: A: Information Technology
Explanation: Information technology is the use of computers or other electronic devices to store, retrieve and process electronic data.
Information technology is used to build, modify, upgrade and implement electronic information imputed into an electronic storage which can be retrieved by making use of confidential passwords to access their data with the use of an electronic device like computers, laptops, mobile phones, tablets etc.
Information technology is used by all organisations to make their work process easy. Most Banks also makes use of Information technology to carry out their daily operations.
Information technology also makes use of professionals to carry out the process such as software engineers, software developer, networking specialist, programmer amongst others.
Answer:
Private property, competition, profit incentive
Explanation:
Answer:
$ 259,750
Explanation:
Sales = $ 29 million = $ 29,000,000
Expected warranty cost = 1% of the sales = 0.01 × $ 29,000,000 = $ 290000
Actual warranty cost = $ 30,250
Now,
the liability amount at the end of the year is given as:
= Expected warranty cost - Actual warranty cost
or
= $ 290000 - $ 30,250
or
= $ 259,750