Answer:
The still outstanding sums are $20.25 check to the florist and the $38.09 check deposit
Explanation:
given data
total balance = $221.57
bank statement balance = $203.73
to find out
Which are still outstanding
solution
we get difference between balance that is
difference between balance = total balance - bank statement balance
difference between balance = $221.57 - $203.73 = $17.84
and as given 4 statement
check to the florist = $20.25
and check deposit = $38.09
their difference is $38.09 - $20.25 = $17.84
so we can say that outstanding sum are $20.25 check to the florist and $38.09 check deposit
Answer:
1. 200 units
2. Greater than 30 times per year.
Explanation:
This is an incomplete question. The concluding part I.e question 2 reads:
2. How many times per year must Talbot order the XO-01 when orders are placed using the EOQ quantity.
1. The formulae for economic order quantity is;
EOQ = √ 2 × Annual demand × Ordering cost / Carrying cost
Where,
A = Annual demand = 8,000 units
O = Ordering cost = $50
C = Carrying cost = $20
Therefore,
EOQ = √ 2 × 8,000 × 50 / 20
EOQ = 200 units
The economic order quantity for the XO-01
2. To get the number of orders per year, we'll use the formula
Number of orders per year = D/Q
Where,
D = Annual demand = 8,000 units
Q = Economic order quantity = 200 units
= 8,000 / 200
= 40 orders.
It therefore means that Talbot must order the XO-01 greater than 30 times per year when orders are placed using the EOQ quantity.
There are different ways to make entry in a balance sheet. It is obvious that an error occurred in the preparation and/or posting of closing entries, if all balance sheet accounts have zero balances.
<h3>Should a balance sheet always have a zero balance?</h3>
Note that the sum of a company assets, liabilities and equity must always balance to zero.
For one to be able to have or generate a balance sheet report that is not equal zero, the balance sheet is said to be out of balance and this may create an error in the ledger transactions.
Learn more about balance sheet accounts from
brainly.com/question/1113933
Complete Question:
The market system:
A. produces considerable inefficiency in the use of scarce resources.
B. effectively harnesses the incentives of workers and entrepreneurs.
C. is not consistent with freedom of choice in the long run.
D. has slowly lost ground to emerging command systems.
Answer:
B. effectively harnesses the incentives of workers and entrepreneurs.
Explanation:
An economic system can be defined as a series of governmental or societal arrangements and a coordinating mechanism used for the allocation of available resources, economic inputs, goods and services across a particular country. The economic system differs according to the method used to coordinate economic activities and who the factors of production belongs to.
Generally, there are basically two (2) main types of economic systems and these are;
1. Command systems.
2. Market systems.
The market system effectively harnesses the incentives of workers and entrepreneurs because workers are able to engage in division of labor and are well compensated for their efficiency in service while the entrepreneur are usually rewarded with an increase in sales and profits.
The market system allows participants to have property rights such as trademarks, patents and copyright. Also, market systems are regulated by the competition among individuals (traders or entrepreneurs) and this gives direction to the market as they pursue self interests and are independent.
True customers come first.
Hope this helped :)
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