Answer:
The debit to Cash Short & Over amounts to $6
Explanation:
The debit to Cash Short & Over is computed as:
Debit to Cash Short & Over = Petty cash fund - Cash - Miscellaneous cash receipt - Additional cash receipts
where
Petty cash fund amounts to $210
Cash amounts to $17
Miscellaneous cash amounts to $4
Additional cash receipts amounts to $183
So, putting the values above:
Debit to Cash Short & Over = $210 - $17 - $4 - $183
Debit to Cash Short & Over = $6
Therefore, the Debit to Cash Short & Over amounts to $6
NOTE: Here in the options correct options is missing.
Answer:
the after-tax cost of debt is: 27,090
Explanation:
assuming the entire among of the consulting services is tax deductible
we can determinate the after-tax cost as:
expense x (1 - tax rate) =
43,000 x (1 - 0.37) = <em>27,090</em>
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<em>the rate of return of a potential investment is not relevant for this purpose as is paying right away and not giving time to invest in a project to pay the amount next year.</em>
Answer:
amount invested at rate 3 % is $20000
and amount invested at rate 2.75 % is $80000
Explanation:
given data
interest = 3%
four times = 2.75%
total annual income from interest = $2800.
solution
we consider here part of money p1 = x
rate r1 = 3%
and
4 time money p2 = 4x
rate r2 = 2.75 %
so we apply interest formula that is
interest = Principal×Rate×Time
2800 = { x × 0.03 × 1 } + { 4x × 0.0275 × 1 }
solve it we get
x = 20,000
and
and 4x will be = 4 × 20,000 = 80,000
so here
amount invested at rate 3 % is $20000
and amount invested at rate 2.75 % is $80000
To develop a strategic plan for a multidivisional structure, companies should follow the following: By following these, the company will grow more and more while reducing the problems of order and management.
Improved Strategic Control: By enabling business managers to focus on developing corporate strategy.
Beneficial long-term growth: by minimizing communication problems and information overload
Pursuit of internal efficiency: unproductive use of functional resources due to the resignation of department heads.
The advantages of the multidivisional structure are:
Improved organizational financial management: Each separate department is treated as a separate financial entity and financial management is used to set performance targets and measure profitability.
Learn more about multidivisional structure at
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Answer: Only change the Aggregate Price Level
Explanation: In the Classical model, the Long-run level of output remains unchanged at the full employment level. So, any change in the Aggregate demand or Aggregate supply without any change in the long-run supply will only lead to a change in the aggregate price level in the economy.