The entire current assets are subtracted from the non-cash assets. The quantity of cash shown on the balance sheet is represented by this figure. Prior to including them in the report, add the cash and petty cash totals to simplify the balance sheet. The cash line of the balance sheet report should now reflect the combined sum.
An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, which is a financial statement. One of the three primary financial statements used to assess a company is the balance sheet. It offers a snapshot of the assets and liabilities of a corporation as of the publication date.
A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or some other type of entity like a government or not-for-profit entity.
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Answer:
I dont know what you are saying
Explanation:
Traders and investors trading in a forward transactions market are most concerned about c<u>hanges in the spot rate</u>.
A trader is a person who engages in the shopping for and promoting monetary property in any financial market, each for themself or on behalf of some other person or group. The primary distinction between a dealer and an investor is the length for which the individual holds the asset.
Kinds of traders consist of the important dealer, noise supplier, and marketplace timer. every shape of dealer appeals to consumers otherwise and is based on numerous strategies. understanding your non-public style of buying and selling can help make better-investing choices.
Buyers are answerable for making costs and executing trades in equities, bonds, commodities, and forex, usually dealing on behalf of, or for the advantage of, investment banks.
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Answer:
Price ceiling creates black markets
Price ceiling is when the government or an agency of the government sets the maximum price of a good or service. Price ceiling is binding if it is set below equilibrium price.
When a binding price floor is established, producers would earn less profits and as a result they would stop selling their products in the free markets. This would lead to scarcity and a result a black market can emerge. Goods would be sold at a higher price in the black markets than it would in the free markets.
So, black markets can arise as a result of price ceiling and the need of producers to earn higher profits
b. During the war, when there was a rationing of meat. Farmers declared less animal births to authorities and sold the undeclared livestock in the black market.
Also, in less developed countries e.g. Nigeria, when there is scarcity of fuel. Black markets arise where fuel are sold for higher prices
Explanation:
Answer:
1. $28 per direct labor hour
2. 140%
3. $35 per machine hour
Explanation:
Given that,
Total manufacturing overhead costs next year = $1,400,000
Direct labor hours used = 50,000
Direct labor cost next year = $1,000,000
Machines are expected to be run = 40,000 hours
1. Manufacturing overhead rate:
= Total manufacturing overhead cost ÷ Direct labor hours used
= $1,400,000 ÷ 50,000
= $28 per direct labor hour
2. Manufacturing overhead rate:
= (Total manufacturing overhead cost ÷ Direct labor cost) × 100
= ($1,400,000 ÷ $1,000,000) × 100
= 140%
3. Manufacturing overhead rate:
= Total manufacturing overhead cost ÷ Machine hours
= $1,400,000 ÷ 40,000
= $35 per machine hour
