Answer: The correct answer is "Included in net income".
Explanation: When an impairment of an investment that is classified as available for sale occurs for a reason that is judged to be "other than temporary," the investment is written down to its fair value and the amount of the write-down is <u>included in net income.</u>
Answer and Explanation:
a. The president remark in case of the allocated fixed expenses should be ignored the misleading result as it is seen that the division B has suffered a loss of $6,000 due to which the president exclaimed "I knew it!.
Moreover the president ignored the given information i.e $172,000 included $94,500 that had been split evenly between divisions as they are classified as a general corporate expenses
So if it is split evenly the general corporate expenses for division B is $31,500 which is come from by dividing the $94,500 from 3 divisions
And if we do not allocated the expenses so all divisions would come in profit
Answer:
Cash $10,430 ; Cash equivalents $20,400
Explanation.
Cash consist of all currencies in hand or any convertible asset which can be converted to cash immediately.
It is to be noted that the assets with high liquidity will be included in cash and cash equivalent balance. They can quickly be converted to cash and would normally have 90 or lesser days to mature.
Solution.
$
Cash in bank. 8,540
Petty cash. 250
Check from customer. 1,350
Money order. 290
Cash. 10,430
The check has a very short maturity period since it will clear within 3-4 working days.
Money order can be cashed immediately .
Therefore;
Cash value is $10,430
For cash equivalent,
Cash equivalent = Money market fund balance + Treasury bills maturing in 60days
Cash equivalents = $10,400 + $10,000
=$20,400.
The amounts considered as cash and cash equivalents as of 31 December are ;
Cash $10,430 , $20,400 respectively.
Answer:
$ 158,000
Explanation:
$
35,000 Beggining Balance (BB
) +
145,000 Purchases (P) +
<u> -158,000</u> <u>Consumption</u> (C
) -
22,000 Ending balance (EB
) =
Formulas:
EB= BB + P - C
C= BB + P - EB
<u><em>Material used ( Consumption )</em></u><em> </em><em>=</em><em> Material in Stock </em><em>+ </em><em> Material purchased in the period </em><em>- </em><em> Material remaining at the end of period</em>
Customer relationship management is my guess
Hope it helped!
