Answer:
Option A
Explanation:
In simple words, Bank runs refers to the scenario when a significant amount of individuals begin to make bank withdrawals since they are afraid the organizations will run out of liquidity. Usually a run on the banks is the product of confusion instead of a true bankruptcy.
Bank run caused by panic that drives a bank into real bankruptcy provides a traditional example of a prediction that fulfills itself. The institution does defaults risk, as customers are continuing to withdraw money. So what starts out as fear will ultimately turn into some kind of true fallback situation.
Answer:
Direct expenses.
Explanation:
The departmental contribution is determined by deducting the direct expense from the amount of sales
In mathematically,
The following formula should be used
Departmental contribution = Department revenues - direct expense
Here The expenses to be - rent, utilities, taxes, insurance, etc
ANd, It is arrive after paying off the direct expenses that related to the overhead.
Answer:
$50,000
Explanation:
The computation of the cost of going the college is shown below:
= College tuition fees per year + boarding fees per year + books and materials charges per year + earnings while working
= $20,000 + $10,000 + $2,000 + $18,000
= $50,000
For computing the cost of going to the college we simply added the total cost that is mentioned in the question so that the accurate amount could come
Answer:
$29,280
Explanation:
It is important to consider only cash transactions when preparing a Cash Reconciliation.
<u>Schultz Tax Services Cash Reconciliation</u>
Cash, June 1 $25,000
<u>Plus: cash receipts for June</u>
Receipts for Accounting Services $3,000
Receipts from Accounts Receivables $3,800 $6,800
<u>Minus: cash payments for June</u>
Advertising expense paid $800
Dividends paid $1,500
Telephone expense paid $220 ($2,520)
Cash, June 30 $29,280
Conclusion :
The balance of Cash at June 30 is $29,280
