Answer:
Added to Cash Book Balance in Bank Reconciliation Statement
Explanation:
Bank Reconciliation Statement BRS is made to correct for the mismatch between bank balance as per cash book & bank balance as per pas book.
If account has been credited (added) with $30 for interest earned, discovered later i.e not recorded in cash book : The amount has been added in passbook , but not in cashbook.
So, to match the difference : Interest earned but not recorded = $30 will be added to 'Favourable Debit balance as per cash book' , to achieve 'Favourable Credit balance as per pass book' in the BRS.
Transactions must be segregated into the three types of activities presented on the statement of cash flows: operating, investing, and financing.
Answer:
$5,000
Explanation:
Consequential damages are damages that result from the one party in a contract not performing their part or breaching the contract.
In this case, New Data can sue Mona for consequential damages resulting from Mona not performing her contractual obligations. The damages that New Data can recover = $5,000 which is the profit from the lost sale. The $1,000 spent fixing the computer cannot be recovered.
Question a)
The sum of the <u>Total assets</u> plus <u>total fixed assets</u> results in <u>total assets</u>.
Question b)
The division of <u>Net sales</u> over <u>total assets</u> results in <u>Asset Turnover</u>
Question c)
The subtraction of the <u>cost of good sold</u> from <u>net sales</u> is equal to the <u>gross margin</u>
Question d)
The subtraction of <u>Operating expenses</u> from <u>gross margin</u> results in the <u>Net Operating profits, before the taxes.</u>
Question e)
The subtraction of <u>Taxes</u> from <u>Net Profit before tax</u> results in <u>Net profit after taxes</u>
Question f)
The division of <u>Net profit after tax </u>over the <u>Net saves</u> gives you the <u>Net profit margin percentage.</u>
Question g)
The division of <u>Net profit Margin percent</u> over the <u>asset turnover </u>results in a <u>return on assets. </u>