Answer:
$27,900
Explanation:
The computation of adjusted cash balance is shown below:-
Adjusted cash balance = Balance at May 31 - bank service fees - NSF check
= $28,525 - $25 - $600
= $27,900
Therefore for computing the adjusted cash balance we simply deduct the bank service fee and NSF check from balance at may 31
Hence, the adjusted cash balance is $27,900
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In case fictitious revenues are recorded asset turnover ratio will increase.
The asset turnover ratio measures the performance of an organization's assets in producing revenue or income. It compares the dollar quantity of income (revenues) to its overall belongings as an annualized percent. hence, to calculate the asset turnover ratio, divide net income or revenue by the average total belongings.
Fictitious revenues contain the sale of goods or services that no longer arise. Fictitious invoices may be fake, but can also contain valid clients. A fictitious invoice may be prepared for a legitimate patron despite the fact that goods are not added or services have no longer been rendered.
Accounting ratios, an important subset of monetary ratios, are a group of metrics used to degree the performance and profitability of an employer based on its financial reports. They provide a way of expressing the relationship between one accounting information factor to any other and are the basis of ratio evaluation.
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We need to look at the schedule variances and cost variances to get a detailed values of the project schedule and cost performance.
Basically, a project schedule helps to show what to be done, what to utilize and when the project is due.
- The cost performance does show the financial effectiveness and efficiency of the project.
In conclusion, we definitely need to look at the <u>schedule variances</u> and <u>cost variances</u> to get a detailed values of the project schedule and cost performance.
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<span>The program rating is 26.
HUT x Share = Rating (HH)
</span>65 x .40 = 26
