lumpkin company sells lamps and other lighting fixtures. the purchasing department manager prepared the following inventory purchases budget. lumpkin’s policy is to maintain an ending inventory balance equal to 10 percent of the following month’s cost of goods sold. april’s budgeted cost of goods sold is $40,000.
Answers
Lights and some other lighting systems are available from Lumpkin Corporation. The manager of the purchasing department created the following inventory purchase budget of $35,500.
How are inventories determined?
Inventory refers to the entire collection of goods, materials, products, and commodities that a company has on hand and plans to resell to customers at a profit. Only the newspaper itself will be considered inventory if the vendor drives a vehicle to distribute newspapers to customers. The vehicle will be handled like a priceless asset.
What does an office inventory entail?
The products or supplies that a company plans to sell to customers at a profit are known as inventory. The process of inventory control involves tracking inventory from producers to warehouses and from these locations to a point of purchase. It serves as a crucial supply chain connection.
Briefing:
February.
Desired ending inventory = 10% of March Cost of goods(COGS):
= 10% * 35,000
= $3,500
Inventory needed = COGS + ending inventory
= 32,000 + 3,500
= $35,500
Beginning inventory = January ending inventory = $3,200
Required Purchases = Inventory needed - Beginning inventory
= 35,500 - 3,200
= $32,300
March
Desired ending inventory = 10% of April COGS:
= 10% * 40,000
= $4,000
Inventory needed:
= 35,000 + 4,000
= $39,000
Beginning inventory = February ending inventory = $3,500
Required purchases:
= 39,000 - 3,500
= $35,500
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Related Questions
Asmeret works as a hotel manager for a popular family resort and casino in Atlantic City, New Jersey. During the summer, hotel managers aim for an occupancy rate of at least 85% to ensure that overhead costs are covered. The resort is known for its quality services; guests generally return an average of three times during the summer and use their rewards and loyalty cards during their stays. On this particular day, Asmeret is quite stressed because the occupancy rate is only 65%. If the hotel fails to sell at least an additional 20% of the available rooms, she might be in some trouble. Required: Which aspect of a service is best illustrated in the scenario?
A) Services are perishable.
B) Service standards show wide variation.
C) Services are inseparable from service providers.
D) Companies cannot easily standardize the services they provide.
E) Buyers play an important role in the creation and distribution of services.
Answers
Answer: A) Services are perishable
Explanation:
The aspect of a service is best illustrated in the scenario is that services are perishable.
Perishability is a term that is used in marketing and it implies that the capacity of service cannot be stored and sold in the future. Once services have been used, they cannot be saved, returned or stored.
Once services has been rendered to a customer, it has been then consumed and it can't be delivered to another person. Other characteristics of services are inseparability, variability and intangibility.
Max, who is single and age 30, provides you with the following information from his financial records for 2021. Regular income tax liability $77,794 AMTI 525,000 Taxable income 295,000 Calculate his AMT exemption for 2021. X - a. $73,600 b. $73,250 c. $350 d. $0
Answers
Max's alternative minimum tax (amt) exemption = $73,250 .
A tax is a mandatory rate or financial charge imposed by any government on a person or an employer in order to raise funds for public projects with adequate centers and infrastructure. Following that, exceptional public expenditure packages are financed with the accrued fund.
Any gross income that is used to determine how much tax you owe is referred to as taxable income. In plain English, it is your adjusted gross profits less any deductions. This includes any salaries, wages, tips, and bonuses received from employers. Investments and unearned income are included as well.
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is a broad set of communication efforts used to create and maintain favorable relationships between a company and its stakeholders. a. personal selling b. public relations c. stakeholder management d. sales promotion e. integrated marketing communications
Answers
Advertising, public relations, sales promotion, and personal selling are all part of the promotion mix.
The term "promotional mix" refers to a combination of promotional components that marketers have chosen to aid a firm in achieving its objectives. The fact that it belongs in the marketing mix is well acknowledged. Finding the ideal combination of these factors can be difficult for marketers because it is widely held that there is a perfect way to allocate funds for the different components of the promotional mix in order to get the best marketing outcomes. Its components include personal selling, direct marketing, public relations, advertising, and sales promotions. Advertising, personal selling, public relations, and sales promotion are all part of the promotion mix.
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Should maria's ethical responsibility to the company lead her to give a full report of her concerns to iris?
Answers
Maria shouldn't ethical responsibility her concerns to iris because she has an ethical duty to the corporation.
The capacity to perceive, understand, and uphold a variety of ethical concepts and values in accordance with the norms in a certain industry or context. Setting a higher minimum wage, ensuring that all materials are acquired ethically, and ensuring that all employees receive competitive compensation, full benefits, and respectful treatment are a few instances of common examples of ethical responsibility. Through our decisions, ethics teaches us how to improve the world. The importance of ethics in business and personal life is equal. Business executives play a special role in determining the ethical climate of their companies, which has an impact on their larger communities as well.
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what is the major work of dentist?
Answers
Answer:
Dentists diagnosis and treat dental issues and help patients developed better oral hygiene regimens.
If a full-time employee participates in a company-wide flexible spending plan, which of the following is correct? a. The employee reduced his/her salary by $1,200, actually spent $1,500, and received only $1,200 as reimbursement for his/her medical expenses. The employee's gross income will be reduced by $1,500. Pre US Ob. The employee reduced his/her salary by $1,200, and received only $900 as reimbursement for his/her actual medical expenses. He/She is not refunded the $300 remaining balance, but his/her gross income is reduced by $1,200. Oc. The employee reduced his/her salary by $1,200, and received only $800 as reimbursement for his/her medical expenses. He/She is not refunded the $400. His/Her gross income is reduced by $800. re 6, d. The employee reduced his/her salary by $1,200, and received only $900 as reimbursement for his/her medical expenses. He/She forfeits the $300. His/Her gross income is reduced by $300.
Answers
The employee saved $1,200. Therefore, the employee's gross income is reduced by $1,200.
The following is correct if a full-time employee participates in a company-wide flexible spending plan:
The employee reduced his/her salary by $1,200, and received only $900 as reimbursement for his/her actual medical expenses.
He/She is not refunded the $300 remaining balance, but his/her gross income is reduced by $1,200.
The money the employee saves is the amount of money that is deducted from their paycheck and put into the flexible spending plan. In this case, the employee reduced his/her salary by $1,200.
The reimbursement the employee received is the amount of money that the employee gets back from the flexible spending plan when they use it to pay for their medical expenses.
In this case, the employee received only $900 as reimbursement for his/her actual medical expenses. Therefore, the employee spent $1,200, and received only $900 as reimbursement for his/her actual medical expenses.
The employee's gross income is the amount of money they earn before taxes and other deductions are taken out. The amount of money the employee contributes to the flexible spending plan is deducted from their gross income, which reduces the amount of money that is subject to taxes.
In this case, the employee reduced his/her salary by $1,200, but his/her gross income is reduced by $1,200.
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PLEASE HELP THERE ARE TWO SCENARIOS
Scenario A
College graduates are moving back in with family in record numbers. They are waiting longer than previous generations to buy homes and start families. Data show downward trends in new home building, mortgage applications, and the birthrate. Multiple markets are complaining of falling demand. A national supplier of home goods permanently shut down. The media is calling babies born today part of the “baby bust generation.” Economists predict future school closings and labor shortages.
Scenario C
The media report that an “epidemic of the jobless” has emerged. Major corporations and small businesses alike are laying off workers. People are out of work in record numbers and struggling to find jobs. Some admit that they have given up looking. Housing foreclosures are increasing, while banks say they lack the funds to approve new loan applications or to adjust existing loans. Requests for unemployment, housing, and nutrition assistance are at record highs. Charity organizations are not receiving enough donations to meet the growing need in their communities. Credit card companies say the average debt balance is climbing while repayments are falling behind.
Would the Fed address the scenario with expansionary or contractionary policy? Explain.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the scenario.
What is a specific fiscal action that Congress might use in this scenario?
Answers
It is correct to state that the Fed will address the scenario with expansionary policy.
What is an expansionary policy?
An expansionary policy is one that seeks to increase the amount of money so that aggregate demand can be stimulated.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the scenario.When money is injected into the economy using tools such as
Examples of fiscal polices that the congress might enlist for deployment in this scenarios are:
To increase aggregate demand, Government will inject more money in to the economy by buying back bonds or embarking on projects at the state and local levels.
Reduction of taxes will also help put more money in the hands of people, thus increasing aggregate demand.
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Answer:
flvs
Explanation:
A
would the red address the scenario with
expansionarv or contractionarv policy? Explain.
The Fed would address this with expansionary.
Which means they would give out more money
What is a specific monetary action the Fed might use
in this scenario? Identity the too and how the red would use it. Explain how this would address the
The action they would use is decrease the reserve requirement. By doing this, banks would be able to give out more money Que to them not needing to
Keen as much monev in reserve
What is a specific fiscal action that Congress might use in this scenario?
Decrease taxes due to schools and labor shortages are happening. Which mean that business and schools wont need to dav as much as taxes
B
Would the red address the scenario with
expansionary or contractionary policy? Explain.
The red would use contractionary due to rising prices and it can slow down
What is a specific monetarv action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the
scenario
They would sell more government securities so that less money would be in circulation and daily operations being tunded
What is a specific fiscal action that Congress might
use in this scenario?
Congress might decrease taxes due to things being expensive and we needing more money to be in
circulation.
C
Would the red address the scenario with expansionary or contractionary policy? Explain.
The Fed would use expansionary policy due to people not having money and needing it.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address
the scenario.
The monetary action is that they would decrease reserve requirement and buy government securities. They would give out more money and create funding programs for those who are unemployed.
What is a specitic fiscal action that congress might use in this scenario?
Decrease taxes so that others can buy food and with the money they have left, they are able to buy their needs
Gloria Catering provided $1,000 of catering services and billed its client for the amount owed. Determine the general journal entry that Gloria Catering will make to record this transaction.
Answers
The general journal entry that Gloria Catering will make to record this transaction is: Debit Accounts receivable $1000; Credit Catering revenue $1000.
Journal entryAssuming Gloria Catering provided the amount of $1,000 of catering services and billed its client for the amount owed. The appropriate journal entry to record this transaction is :
Gloria Catering Journal entry
Debit Accounts receivable $1000
Credit Catering revenue $1000
(To record account receivable)
Inconclusion the general journal entry that Gloria Catering will make to record this transaction is: Debit Accounts receivable $1000; Credit Catering revenue $1000.
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Which of the following is least likely to benefit the civilian economy?A. R&D carried out in government laboratoriesB. R&D aimed at producing new weaponsC. direct private sector R&D spendingD. tax policy promoting civilian R&D spending
Answers
The option least likely to benefit the civilian economy is (B) R&D aimed at producing new weapons.
The option least likely to benefit the civilian economy is B. R&D aimed at producing new weapons.
This type of research and development is primarily focused on military applications and its direct benefits to the civilian economy are limited compared to other options such as government labs, private sector R&D spending, or tax policies that promote civilian R&D spending.
Defence economics is a branch of national economic management that deals with managing both military budgets during peacetime and warfare as well as the economic impacts of military spending.
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when dissolution occurs in the latter stages of a relationship between two firms, the loss of investments made in the relationship can be significant and have an impact throughout both organizations.
Answers
The dissolution of a relationship between two firms in its latter stages can result in a significant loss of investments made in the relationship, which can have a wide-ranging impact on both organizations.
Over the course of a business relationship, firms may invest substantial resources in the form of time, money, and effort. These investments could include joint research and development initiatives, shared marketing efforts, and joint production arrangements. If the relationship dissolves, especially in its later stages, the investments made by both firms may be lost.
Such losses can be significant and can impact the organizations involved in several ways. For example, if one firm invested a considerable amount of money in a joint production arrangement with the other, and the relationship dissolved before the arrangement could become profitable, the investment would be lost.
In addition to the direct financial impact, the dissolution of a business relationship can also have broader consequences. For example, it could lead to the loss of valuable knowledge or expertise that was shared between the two firms, or damage the reputation of both firms if the dissolution is seen as a failure.
In conclusion, the dissolution of a relationship between two firms can result in the loss of significant investments made in the relationship, which can have an impact throughout both organizations. To mitigate such losses, it is important for firms to carefully consider the risks and benefits of any business relationship and to have a contingency plan in place in case the relationship does not work out as planned.
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Which of the following statements applying to the use of the equity method versus the cost method is true?
A) The equity method is required when one firm owns 20% or more of the common stock of another firm.
B) If no dividends were paid by the subsidiary, the investment account would have the same balance under both methods.
C) The method used has no significance to consolidated statements.
D) An advantage of the equity method is that no amortization of excess adjustments needs to be made on the consolidated worksheet.
Answers
Statement A is true. The equity method is required when one firm owns 20% or more of the common stock of another firm. The equity method is an accounting technique used to account for investments in other companies when the investing firm has significant influence over the investee.
According to generally accepted accounting principles (GAAP), the equity method is required when one firm owns 20% or more of the common stock of another firm. Under this method, the investing company records its investment at cost initially, and subsequently adjusts the carrying value based on its share of the investee's earnings or losses. Statement B is false. The investment account would have different balances under the equity method and the cost method, even if no dividends were paid by the subsidiary. In the equity method, the investment account is adjusted for the investor's share of the investee's earnings or losses, while the cost method typically only involves recording dividends received as income. Statement C is false. The method used (equity method or cost method) has significant significance in consolidated financial statements. Consolidated statements combine the financial information of a parent company and its subsidiaries. The choice of accounting method can affect the reported financial results and financial position of the consolidated entity. Statement D is false. An advantage of the equity method is that it requires the recognition of excess adjustments (such as goodwill) arising from the acquisition of the investee. These adjustments need to be amortized and reflected on the consolidated worksheet over their useful lives. In contrast, the cost method does not require the recognition or amortization of excess adjustments on the consolidated worksheet, as the investment is carried at cost.
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definition of the term small business
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Answer:
make me brainalist and keep smiling dudeExplanation:
Small business is defined as a privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.for screening potential employees, the myers-briggs type indicator is a useful tool in
Answers
The Myers-Briggs Type Indicator (MBTI) is a useful tool for screening potential employees.
The Myers-Briggs Type Indicator (MBTI) is a popular personality assessment tool that can be utilized in the screening process of potential employees. The MBTI categorizes individuals into different personality types based on their preferences in four key areas: extraversion or introversion, sensing or intuition, thinking or feeling, and judging or perceiving.Employers may find the MBTI helpful in the screening process as it provides insights into an individual's personality traits, communication style, decision-making approach, and work preferences. By understanding these aspects, employers can assess the fit between the candidate and the job requirements, team dynamics, and company culture.
However, it is important to note that the MBTI should not be used as the sole determinant for hiring decisions. It should be utilized as one of the tools in the overall screening and selection process, along with other factors such as qualifications, skills, experience, and interviews. Additionally, it is crucial to consider the limitations and potential biases associated with personality assessments and ensure that their interpretation is done in a fair and ethical manner.In summary, the Myers-Briggs Type Indicator (MBTI) can be a useful tool for screening potential employees by providing insights into their personality traits and work preferences. However, it should be used in conjunction with other assessment methods and considerations to make informed hiring decisions.
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You take a mortgage loan of Rp8xx million (xx = last two digits of your student ID) from a bank. The loan is paid back in sixty monthly instalments with interest rate j127.5% p.a. To lower the monthly instalment, you agree to pay Rp1xx million in the 60th month(bullet payment). Make the loan amortization schedule for the first five months if:
a.the first instalment is next month(ordinary annuity); and
b.the first instalment is on the transaction date(annuity due).
Answers
The monthly instalment for an annuity due is RpXXX,XXX.
a. For the first five months of an ordinary annuity mortgage loan with a bullet payment, the loan amortization schedule would be as follows:
Month 1: RpXXX,XXX (monthly instalment)
Month 2: RpXXX,XXX (monthly instalment)
Month 3: RpXXX,XXX (monthly instalment)
Month 4: RpXXX,XXX (monthly instalment)
Month 5: RpXXX,XXX (monthly instalment)
To calculate the monthly instalment, we use the formula for an ordinary annuity:
PMT = (PV * i) / (1 - (1 + i)^(-n))
Where PMT is the monthly instalment, PV is the present value of the loan (Rp8xx million), i is the interest rate per month (j127.5% p.a. / 12), and n is the number of months (60).
Plugging in the values, we get:
PMT = (Rp8xx million * j127.5% p.a. / 12) / (1 - (1 + j127.5% p.a. / 12)^(-60)) = RpXXX,XXX
b. For the first five months of an annuity due mortgage loan with a bullet payment, the loan amortization schedule would be as follows:
Month 1: RpXXX,XXX (monthly instalment)
Month 2: RpXXX,XXX (monthly instalment)
Month 3: RpXXX,XXX (monthly instalment)
Month 4: RpXXX,XXX (monthly instalment)
Month 5: RpXXX,XXX + RpXXX,XXX (monthly instalment + bullet payment)
To calculate the monthly instalment for an annuity due, we simply add one month's worth of interest to the ordinary annuity formula:
PMT = (PV * i * (1 + i)) / ((1 + i)^n - 1)
Where PMT is the monthly instalment, PV is the present value of the loan (Rp8xx million), i is the interest rate per month (j127.5% p.a. / 12), and n is the number of months (60).
Plugging in the values, we get:
PMT = (Rp8xx million * j127.5% p.a. / 12 * (1 + j127.5% p.a. / 12)) / ((1 + j127.5% p.a. / 12)^60 - 1) = RpXXX,XXX
For the fifth month, we add the monthly instalment and the bullet payment:
RpXXX,XXX + Rp1xx million = RpXXX,XXX + RpXXX,XXX = RpXXX,XXX
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Drag the tiles to the correct boxes to complete the pairs. Match the scenarios with terms related to financial aid.
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Answer:
Financial Need - Josie created an FSA ID and completed a long application form online. The form asked for a lot of financial details about Josie and her family.
FAFSA - Kunal recently learned that he is going to receive a student loan. Now he needs to attend a session which he will learn how the loan process works, as well as his responsibilities.
Entrance Counseling - Megan is planning to pursue an undergraduate degree in chemistry. But since her father lost his job five years ago, the family had been unable to save up enough for Megan's education.
The initial impact of a sudden decrease in the expected growth rate of gdp will most likely be a change in _____ investment spending.
Answers
The initial impact of a sudden decrease in the growth rate of GDP will most likely be an increase in unplanned investment spending.
Reduced investment causes a drop in real GDP, which causes a drop in disposable income, which causes decreased consumer spending, which causes another drop in real GDP, etc.
The interest rate, the anticipated future level of real GDP, and the level of production capacity are the three main variables that influence planned investment spending.
A decrease in investment would result in a leftward shift of the aggregate demand curve equal to the multiplier times the change in investment. One factor influencing the economy's ability to benefit from monetary policy is the link between investment and interest rates.
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The complete question is -
The initial impact of a sudden decrease in the growth rate of GDP will most likely be an in investment spending.
Which is an example of an accounting function for a business?
1.) Designing print advertisements
2.) Preparing a balance sheet
3.) Hiring employees
4.) Testing computer software
Answers
Which of the following is a personal benefit of eaming a college degree?
A. You have more friends.
B. You are more likely to exercise.
C. You have a longer life expectancy.
D. You are more likely to vote for the right candidate.
Answers
Answer:
Option B !!!!! :))
Explanation:
Compare the essential features of each financial account statement to analyse the differences between them in terms purpose, structure and content. (Not less than 200 word)
Answers
Financial account statements are essential financial documents that provide an overview of a company's financial performance and position over a specific period.
There are three primary types of financial account statements, including the income statement, balance sheet, and cash flow statement. While each of these statements serves a distinct purpose, they share similarities in structure and content.
The income statement is a financial statement that summarizes a company's revenue and expenses over a specific period, such as a quarter or fiscal year. The primary purpose of the income statement is to provide information on a company's profitability. It typically includes revenue, cost of goods sold, gross profit, operating expenses, net income, and earnings per share. The income statement structure is straightforward, beginning with revenue and then deducting the cost of goods sold and operating expenses to arrive at net income.
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Need help
what did police find in Bidens home?
Answers
Answer:
Explanation:
The FBI spent more than 12 hours searching President Biden's Wilmington, Del., residence Friday, and found more classified documents.
Some of the items date back to Biden's time as a a senator, while others were from his time as vice president, said Biden's personal attorney, Bob Bauer, announced the extraordinary development in a Saturday night statement. The Justice Department also took some handwritten notes for further review, he said.
A spokesman for the U.S. attorney in Chicago, who is overseeing the investigation of the documents until special counsel Robert Hur is in place, confirmed the search, saying that the FBI had "executed a planned, consensual search" of Biden's home.
It's the latest in a series of disclosures that has raised questions about Biden's handling of classified material, and comes after the White House had said that searches of Biden's residence had been complete.
Biden says he has 'no regrets' on how he's handled classified documents discovery
POLITICS
Biden says he has 'no regrets' on how he's handled classified documents discovery
Biden has been defiant about the issue, telling reporters on Thursday that he has "no regrets" about how he and his team have handled the discovery and disclosure of the documents.
Answer: he fbi found classified documents
Explanation:
Complete this paragraph about the impact of trade on American jobs based on the video you just watched.
New Balance manufactures its shoes in
. The Obama administration proposed a trade agreement called the
. It is
to hire Vietnamese workers than American workers. New Balance executives are hoping to avoid their workers losing their
because of the trade agreement.
Answers
Answer:
The radius of the earth is 6371 km and the weight of an object on the earth is 800 N. The weight of the object at an altitude of 6371 km above the surface of the earth
Answer:
New England
Trans-Pacific Partnership
10 times cheaper
Jobs
Explanation:
You are a multi-disciplinary project group, tasked with preparing proposals for a new outdoor Pop Music Festival. The inaugural Festival is to take place in June 2023.
The client, a Music Entrepreneur, has stipulated that the annual festival is to be aimed at families; last 7 days, attract 250, 000 people over the 7-day period, with 50, 000 at any time. The major sponsors, a Building Society and a Bank are very supportive of the Family concept of the Festival and any bad publicity from the Festival could cause them to withdraw their support. You should assume that Planning Permission would require, amongst other things that as much of the site as possible should be returned to Farming use after the Festival. The site is a farm located on the other side of a river currently accessible only by foot.
The proposals are to take account of all the factors critical to the success of the Festival.
List the key stakeholders to the project, i.e., the significant parties that can influence or are affected by the project. You should allocate roles to each stakeholder respectively.
Indicate stakeholders who are not at the group meeting, but whose interests must be considered; e.g. customers, entertainers, neighbours, Land owner, Local Planning Authority etc.
List the primary requirements/objectives for the project, of each key stakeholder and indicate any secondary objectives of the project if any.
Agree a succinct statement of the Objectives of the Project that meets the primary requirements of the key stakeholders
List the critical issues for consideration in developing the project
List the primary functions (i.e., what the project must do, rather than what it is), that the project must fulfill to meet the objectives (Express in simple verb-noun form;. E.g. Attract families; Satisfy Planners; Make profit; Have good access; Accommodate families)
Brainstorm each of the primary functions to generate as many ideas as possible to achieve the functions and list all generated ideas.
Answers
As a multi-disciplinary project group, we propose the following plan for the new outdoor Pop Music Festival:
1. Site Selection and Access: We will carefully select a suitable farm site that can accommodate the festival's requirements. Since the site needs to be returned to farming use afterward, we will prioritize minimizing environmental impact. We will also explore options for temporary bridge construction or boat transportation to provide easy access across the river for festival attendees.
2. Event Planning: To ensure the festival is family-oriented, we will curate a diverse lineup of popular artists suitable for all ages. We will incorporate various entertainment options such as interactive activities, children's zones, and family-friendly attractions throughout the festival grounds. Safety measures, including designated areas for children and family facilities, will be implemented to create a secure environment.
3. Infrastructure and Sustainability: Temporary infrastructure, such as stages, seating, and facilities, will be designed and constructed in a manner that allows for easy dismantling and minimal impact on the land. We will prioritize eco-friendly practices, including waste management, recycling, and energy-efficient solutions. Collaboration with local farmers will facilitate the restoration of the site to its original farming use after the festival.
4. Risk Management: We will implement a comprehensive risk management plan to minimize potential negative incidents and ensure the sponsors' continued support. Safety protocols, security measures, and emergency response procedures will be put in place to safeguard attendees and mitigate any possible risks.
By following these proposals, we aim to create a successful outdoor Pop Music Festival that caters to families while respecting the environment and meeting the expectations of the major sponsors.
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How to prepare a cash book (provide exemples)
Answers
A cash book is a financial record of all cash transactions that take place in a business.
The Steps to make a cash bookCreate a table: Create a table in a spreadsheet program or on paper. The table should have columns for the date of the transaction, the details of the transaction, the amount received or paid out, and the running balance of cash on hand.
Enter opening balance: Enter the opening balance of cash on hand at the start of the period for which you are preparing the cash book.
Record cash transactions: Record all cash transactions that take place during the period in the cash book. For example, if you receive cash from a customer, record the date, the name of the customer, and the amount received in the cash received column. Similarly, if you pay cash for expenses, record the date, the nature of the expense, and the amount paid in the cash paid column.
Calculate the running balance: After each transaction, calculate the running balance of cash on hand by adding or subtracting the amount of cash received or paid out from the previous balance. The running balance should be recorded in the balance column.
Check for errors: Check the cash book for errors or omissions. Make sure that the total amount of cash received and paid out matches the opening balance plus the closing balance.
Here is an example of a cash book:
Date Details Cash Received Cash Paid Balance
1/1 Opening balance 5000 - 5000
1/2 Sold product A 1000 - 6000
1/5 Paid rent - 1500 4500
1/7 Received payment from customer B 2000 - 6500
1/10 Bought supplies - 800 5700
1/15 Received payment from customer C 3000 - 8700
1/20 Paid salaries - 2500 6200
1/25 Bought equipment - 4000 2200
1/31 Closing balance - - 2200
In the example above, the opening balance was $5000. The cash book shows all the cash transactions for the month of January. The closing balance at the end of the month is $2200.
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PLZ HELP MEEEEEEEEEE
Answers
Answer:
D
Explanation:
How does your state’s on-time payment record compare to the national rate?
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It should be noted that my state’s on-time payment record is high compare to the national rate.
What is a credit score?A credit score serves as a numerical expression based on a level analysis of a person's credit files.
This is a term that to represent the creditworthiness of an individual after his account has been checked.
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When organizations relate to their environments in ways that involve ethical dilemmas and decisions, these situations are said to fall within the context of the organization's _____ responsibility.
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Answer:
Social.
Explanation:
When organizations relate to their environments in ways that involve ethical dilemmas and decisions, these situations are said to fall within the context of the organization's social responsibility.
In Business management, social responsibility can be defined as an organization's obligation to act in a manner that benefits and adds significant value to the society, usually it has its business operations.
Hence, in addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads etc. It is also referred to as corporate social responsibility (CSR).
Which of the following means that a company took all reasonable steps to avoid a particular event? A. due process B. just cause C. due diligence D. reasonable accommodation E. preventive solutions Which of the following is a major cause of workplace stress related to career development? A. autonomy B. level of responsibility C. isolation D. job security E. workload
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The term that means that a company took all reasonable steps to avoid a particular event is: due diligence.A company's exercise of care and caution before engaging in any activity is referred to as due diligence. It is the work that is required to be conducted before entering into a transaction or making a decision.
The process ensures that all necessary information and facts about the transaction are gathered, reviewed, and evaluated before any action is taken.It is necessary to carry out due diligence in order to lessen the risks related to the investment or decision and to prevent future problems.
In this context, this means that the company is taking all necessary precautions to prevent any possible problems.On the other hand, job security is a significant source of career-related stress. In this context, job security is a job's perceived stability or likelihood of long-term employment and income.
The possibility of losing employment, income, and benefits causes a lot of worry, anxiety, and tension in people. Job security-related issues, such as downsizing and restructuring, can make it difficult for workers to plan for their future and have a negative impact on their career development.
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can i doit without pay
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Answer:
what?
Explanation:
The price of orange juice falls from $2.49 a jug to $1.99 a jug. (1) Explain whether the demand curve for apple juice will shift left, shift right, or if there is only movement along the demand curve for apple juice.
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Answer:
there is only movement along the demand curve for apple juice.
Explanation:
The demand curve shows the graphical relationship between the price of a good or service and the quantity demanded at each point in time. It shows the quantity demanded at each price. There is an inverse relationship between price and quantity demanded, as the price increases the quantity demanded reduces (but demand itself stays the same) while If the price decreases, quantity demanded increases.
The price of orange juice falls from $2.49 a jug to $1.99 a jug, the demand curve remains the same, but there is only movement along the demand curve for apple juice.
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