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2 years ago

Control over cash disbursements is generally more effective when:

Business

1 answer:

anyanavicka [17]2 years ago

5 0

Answer:

The correct answer is option c) payments are made by check. Control of cash disbursement is generally more effective when payments are made by check..

hope helpful <3

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Scobie Company began 2016 with a retained earnings balance of $142,400. During an examination of its accounting records on Decem

tino4ka555 [31]

The total retained earnings on 31st December 2016 is $197,100. The journal entry are attached below.

<h3>What is Retained Earnings?</h3>

Retained earning is basically the profits of the company which is kept aside to meet the future requirement of the company. It the amount which is left over after deducting all cost such as direct cost, indirect cost, income taxes and dividend.

The retained earning is used in the future projects or for buying the equipment for the company.

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6 0

2 years ago

The most likely cause of a shift of a production possibilities frontier of an economy ab to cd is:_________

MaRussiya [10]

The cause of a shift of a production possibilities frontier of an economy ab to cd is unemployment.

If an economy keeps growing its capital stock/range of employees/generation/herbal resources, then over the years its manufacturing possibilities curve will: shift to the proper .e shift of the frontier from A to B was maximum in all likelihood due to unemployment

. The curve bows outwards due to the law of increasing opportunity fee, which states that the quantity of an amazing which must be sacrificed for every additional unit of any other suitable is extra than become sacrificed for the preceding unit.

production possibilities curve. a graph or financial model that shows the most combinations of products and offerings, any two categories of goods, that can be produced from a set quantity of assets.

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3 0

1 year ago

Michelle is attending a university where tuition for one year costs $17,300. She has a scholarship worth $5,000 per year. She ea

Dmitry_Shevchenko [17]

Answer:

$41,400

Explanation:

Tuition will increase by $500 each year

Year 1 tuition = $17,300

Year 2 tuition = $17,800

Year 3 tuition = $18,300

Year 4 tuition = $18,800

Total = $72,200

Scholarship per year = $5000

Total scholarship for 4 years = 4 * $5000

= $20,000

Earnings per year = $2,700

Total earnings for four years = 4 * $2,700

= $10,800

She plans to take out a loan to cover the remaining tuition costs

Loan = Total tuition - (Total scholarship for 4 years + Total earnings for four years)

= $72,200 - ( $20,000 + $10,800)

= 72,200 - (30,800)

= 72,200 - 30,800

= 41,400

Loan = $41,400

Michelle need to borrow $41,400

6 0

3 years ago

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for net sales using 20

babunello [35]

Answer:

119.4% for 2017 and 100.0% for 2016.

Explanation:

2017 2016

Net sales $276,200 $231,400

Cost of goods sold $151,900 $129,590

Operating expenses $55,240 $53,240

Net earnings $27,820 $19,820

since we are using 2016 as a base year, the $231,400 in net sales represent 100%, so the trend percentage for 2017 = net sales 2017 / net sales 2016 $276,200 / $231,400 = 1.1936 = 119.4% or a 19.4% increase.

The base year's amount will always be 100% or 1, and the trend percentages will change relative to that year.

7 0

3 years ago

Read 2 more answers

Regling Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $4

Leto [7]

Answer:

Dr Vacation pay expenses $40,000

Cr Vacation pay payable $40,000

Dr Pension expenses $222,750

Cr Cash $185,000

Cr Unfunded pension liability $37,750

Explanation:

Regling Company Journal entries

Dr Vacation pay expenses $40,000

Cr Vacation pay payable $40,000

Dr Pension expenses $222,750

Cr Cash $185,000

Cr Unfunded Pension liability $37,750

8 0

3 years ago