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3 years ago

The administrative model was developed to explain

1 answer:

8 0

The administrative model was developed to help decision making of managers and attain the optimal result. This is in consideration that people have different levels of understanding in handling administrative situations. In an administrative model, when a decision becomes a solution, it then becomes a standard operating procedure (SOP). It is collected and used as a solution to future problems that the company would face.
SOP is integrated into the management as rules or procedures to help the company.

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Bonita Industries had the following bank reconciliation at March 31, 2020: Balance per bank statement, 3/31/20 $74600 Add: Depos

drek231 [11]

Answer:

$50,400

Explanation:

Cash Balance as per bank statement $62,900

[$69700+$25300-$20400+$87600-$99300]

Less: Outstanding checks at April 30, 2020 <u>$12,500</u>

Adjusted Cash balance per bank <u>$50,400</u>

So, the cash balance per books at April 30, 2020 is $50,400

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3 years ago

Old Corp. (target) merges into New Corp (acquiring) in a statutory Type A merger. What will the basis in Old Corp.'s assets be i

Murljashka [212]

Answer:

Carryover basis

In a Type A merger, the basis of the assets and liabilities carries over to the surviving entity.

Explanation:

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3 years ago

Everything else equal, an asset's value is:

Harrizon [31]

Answer:

The correct option is A, an asset's value is inversely related to the rate of return investors require to purchase it

Explanation:

The asset value is the initial purchase price determined by discounting the future cash flows from the asset to present values using a the required rate of return.

Ultimately, the higher the required return, the lower the present value of the investment whose price is being determined and the lower the discount the rate of return used in discounting relevant cash flows to present values the higher the present values.

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3 years ago

A company has determined that changes in price will not dramatically impact the number of sales they are able to make. What shou

tester [92]

Answer:

Sell at a somewhat higher price since customers will still purchase even at a higher price ( D )

Explanation:

The type of goods and services that changes in prices doesn't r affect the quantity/demand bought by the consumers are usually staple goods which are a necessity and not a want but a serious need. A company if after much research discovers that the demand for a particular product is unwavering( fixed ) they can increase the prices in order to maximize profits form the little amount of goods been produced/sold in the open market. while in other hand if the demand for a particular product is not stable any change in price can significantly affect the demand for the good or service leading to a loss for the company.

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3 years ago

On December 31 of Swift Co.’s first year, $70,000 of accounts receivable is not yet collected. Swift estimates that $4,000 of it

pishuonlain [190]

Answer:

1. $66,000

2. $66,000

Explanation:

The computations are shown below:

1. Before written off:

= Account receivable balance - uncollectible amount

= $70,000 - $4,000

= $66,000

2. After written off:

= Account receivable balance - second year written off amount - uncollectible amount + second year written off amount

= $70,000 - $700 - $4,000 + $700

= $66,000

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3 years ago