why is it advantageous to use a worksheet when preparing a statement of cash flows? is a worksheet required to prepare a statement of cash flows?

Answers

Answer 1

When creating a statement of cash flows, using a spreadsheet is beneficial since it ensures accuracy and helps organize the data.

Additionally, it can assist in making sure that all necessary data is included. Although a worksheet is not necessary to create a statement of cash flows, it can help ensure accuracy and serve as an effective organizational tool.

By monitoring an organization's cash flow, a cash flow statement is a crucial tool for managing finances.

This report is one of the three crucial ones that determine a company's performance, together with the income statement and the balance sheet.

Cash flow from operating and investment activities is often included in a cash flow statement.

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Related Questions

Alice only consumes bread (₁) and butter (x2). Her preferences over these goods are represented by u(x₁, x2) = xxª where 1 > a > 0. Alice used to live in Town A. There, she had an income of m = 12 and faced prices p₁ = 1 and p2 = 2. Now, Alive lives in Town B, where her income is still m = 12 but prices are p₁ = 5 and p2 = 1. If rounding is needed, please round to 3 decimal places. a) When Alice chooses an optimal bundle of bread and butter in Town B, her MRS1,2 at that bundle is ______ 5 b) If Alice is exactly as satisfied with her optimal bundle in Town B as she was with her optimal bundle in Town A, this means that a = 0.301

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(a) When Alice chooses an optimal bundle of bread and butter in Town B, her marginal rate of substitution (MRS₁,₂) at that bundle is 5. (b) The value of parameter "a" in her utility function is 0.301.marginal rate of substitution (MRS₁)

(a) The marginal rate of substitution (MRS,₂) represents the rate at which Alice is willing to trade one good (bread) for another (butter) while keeping her utility constant. In this case, the MRS₁,₂ is equal to the ratio of the marginal utilities of bread and butter, which is given by the partial derivative of the utility function with respect to each good. Since the utility function u(x₁, x2) = x₁ * x₂^a, the MRS₁,₂ is equal to a constant, which is the exponent of x₂. Therefore, the MRS₁,₂ is 5.

(b) The level of satisfaction Alice has with her optimal bundle can be determined by evaluating her utility function at that bundle. Since Alice's income and prices have changed, her optimal bundle in Town B will be different from that in Town A. However, if she is exactly as satisfied in Town B as she was in Town A, it means that the utility level remains the same. By equating the utility functions in Town A and Town B, we can solve for the value of parameter "a" that satisfies this condition. The calculated value of a turns out to be 0.301.

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Ayla is monitoring sales after release of a tv advertisement for her new line of non-gmo snack foods. The fact that this particular ad might not cause consumers to make an immediate purchase is a result of.

Answers

The reason why the particular ad in question might not cause consumers to make an immediate purchase is a result of the lagged effect.

What is the lagged effect in marketing?

In marketing, the lagged effect simply means that there is a delayed response to the advertisement of marketing campaign by consumers who are the potential market. In other words, the consumers who are the potential market might have seen the advertisement or marketing campaign, but did not buy the product or service that they were being offered.

The reasons for this can be several in number with one of them being that the product being advertised has not yet gained societal approval. This is a possible reason for the ad that Ayla watched on her new line of non - gmo snack foods. Maybe people have gotten used to GMO snack foods for so long that they have a lagged effect to advertisements encouraging them to use other snacks.

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ABC stock is currently selling for $120. The exercise price of the call option is $125. Using a one-period binomial model, calculate the price of the call option assuming an interest rate of 3% per year. Assume further that over the next year, the stock price will either increase by 10% or decrease by 10%. What is the price of the call option? Show detailed work

Answers

The probability weighted average of the interest rate future values at the end of each of the three periods is used to determine this, and the future values are then discounted back to the present using the interest rate.

The tree is built using the current stock price and a simulation of the up and down movements over the course of the three periods using the provided probability and percentage changes.

Each end node's option value is determined before being processed back up the tree to the starting node. The starting node's computation serves as the end option value.

The stock's annual payout range is $27 - $17 = $10.

If the stock price is $27 when the option expires, its value will be =$27-$22 =$5.

If the stock price is $17, the option will also have no value.

The stock option has a payment range of $5 and $0;0 = $5.

To determine the amount of stock shares, balance the range:

$5/10 = 0.5 Option range/Stock range

The stock option payoff for 0.5 shares will be either $13.5 or $8.5. The payout for the portfolio and options will be $13.5- $5, which equals $8.5, or $8.5 $0; 0 = $8.5.

PV = $8.5/ (1+) is the present value of $8.5 at the daily compounding risk-free rate.

Complete question:

ABC stock is currently selling for $120. The exercise price of the call option is $125. Using a one-period binomial model, calculate the price of the call option assuming an interest rate of 3% per year. Assume further that over the next year, the stock price will either increase by 10% or decrease by 10%. What is the price of the call option? Show detailed work?

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If you were a cosmetologist working in a spa and were 15 minutes late for your first appointment, how would that impact those you work with and the clients of the spa?

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Considering the situation described above, the impact a 15 minutes lateness would cause those I work with and the spa's clients are "negative."

Who is a cosmetologist?

A cosmetologist is a professional or permitted to deliver cosmetic treatments to the hair, skin, and nails.

Should a cosmetologist be late on his first appointment, such a person would delay the work of others he works with and delay the clients to get their work done on time.

Also, such lateness might change the mind of clients and those he works with towards him as unprofessional.

Hence, in this case, it is concluded that the impact would be negative.

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The Corner Market has fixed costs of $1,600, depreciation of $1,200, a tax rate of 35%, and a cost of capital of 12%. Variable costs represent 67% of sales. What minimum level of sales must the market obtain to avoid a net loss on its income statement?

Answers

Answer:

$8,484.85

Explanation:

Fixed costs = $1,600

Depreciation = $1,200

Tax rate = 35%

Cost of capital = 12%

Variable costs = 67% of sales

Desired sales = (Fixed cost + Depreciation) / Contribution ratio

Desired sales = ($1,600 + $1,200) / (1 - 67%)

Desired sales = $2,800 / 0.33

Desired sales = 8484.84848485

Desired sales = $8,484.85

The minimum level of sales that Corner Market must obtain to avoid a net loss on its income statement is $8,484.85.

Excited to buy her dream car, Molly rushes into her local Volkswagen dealership. Molly picks out a
car, sits down at the financing desk, and hears the following:
"Well, we ran your credit history. You've got a really thin file -- just a year's worth of student
loan payments. The deal you saw was for 'well qualified buyers. The best deal we can offer
you is 6.6% for 60 months. A little more bad news -- the cash allowance is also based on
credit history, so you don't qualify for $500. That said, you're excited about a Volkswagen,
and I want to see you driving one, so I can do $400 for you!"
9. Molly still has a $2500 down payment. How much loan does Molly need?
10. How much will Molly's monthly payment be using the Bankrate calculator?
11. How much total interest will molly pay using this plan?
12. How many is the total cost of her car after all together?

Answers

9. The amount of loan that Molly needs with a $2,500 down payment is $22,100.

10. Molly's monthly payment is $433.

11. The total interest Molly will pay under this plan is $3,907.

12. The total cost of Molly's car is $28,507.

Loan Amount:

Required cash allowance = $500

Qualified cash allowance = $400

Down payment = $2,500 (typically 10% of value)

Total price of car = $25,000 ($2,500/10%)

Loan required = $22,100 ($25,000 - $2,500 - $400)

Interest and Periodic Payment:

N (# of periods) = 60 months

I/Y (Interest per year) = 6.6%

PV (Present Value) = $22,100

FV (Future Value) = $0

Results:

PMT = $433.45

Sum of all periodic payments = $26,007

Total Interest = $3,907

Total Cost of the car to Molly:

Down payment = $2,500

Total periodic payments = $26,007

Total cost = $28,507 ($26,007 + $2,500)

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Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.

Answers

Answer:

a) Determine which type of cars will be sold at the efficient allocation.

All cars would be sold in a Pareto efficient allocation.

In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.

b) Determine which type of cars will be sold at the market equilibrium.

Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.

Explanation:

the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620

The ___ is the largest U.S. electronic stock trading market

Answers

Answer: The New York Stock Exchange (NYSE).

The New York Stock Exchange (NYSE) is the largest electronic stock trading market in the United States.

Established in 1792, it is the world's largest stock exchange by market capitalization. The NYSE lists more than 2,400 companies from around the world and has a total market capitalization of more than $20 trillion.

In order to be listed on the NYSE, companies must meet certain financial and operational standards that are set by the exchange. Companies must also pay listing fees to the NYSE and are subject to ongoing reporting and disclosure requirements. The NYSE also enforces rules that govern how companies can issue new shares of stock, as well as how they can repurchase shares of their own stock.

The NYSE is an electronic stock exchange, meaning that all transactions are executed electronically. It uses a continuous auction market, which means that orders are matched in real time. The NYSE has two trading floors in New York City, as well as a global network of electronic trading platforms that allow investors to trade stocks around the world.

The NYSE is regulated by the Securities and Exchange Commission (SEC). The SEC sets standards for how the exchange operates and enforces rules that protect investors from fraudulent or manipulative activities.

The NYSE is also a member of the Financial Industry Regulatory Authority (FINRA), which is responsible for ensuring that all investors receive fair and equitable treatment.

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Prepare a memo that sets out the benefits of telecommuting for your global company. in your memo, present specific details of a job that would be appropriate for telecommuting

Answers

Telecommuting eliminates distractions from the office and allows employees to work in their preferred environment. This leads to increased productivity and better-quality work.

What does working from home look like?

When a person uses communication tools like the phone, email, and the internet, to conduct business outside of a company's office, this is referred to as "telecommuting" or "teleworking."

Here are some benefits of telecommuting:

Cost savings: Telecommuting reduces the need for office space, saving money on rent, utilities, and other associated costs. It also saves employees money on transportation and other work-related expenses.Improved work-life balance: Telecommuting allows employees to better manage their work lives. They can work flexible hours and have more time for family, hobbies.Reduced carbon footprint: Telecommuting reduces the need for transportation, which in turn, reduces our company's carbon footprint and helps to protect the environment.

In conclusion, telecommuting is a valuable tool that can benefit both employees and  company.

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The main reason that Starbucks was able to have the main share of coffeehouses in the world is just two decades is that they: used tangible resources to provide their product. capitalized on the economic climate at the most opportune time. were the only coffeehouse to offer premium coffee during extended hours. successfully applied their knowledge and skills to better serve customers.

Answers

Answer:

Were the only coffeehouse to offer premium coffee during extended hours.

Explanation:

Starbucks has a significant share in global markets, it has developed it in not so long time.

Reason behind it might be that - Its premium coffee beans & consequently coffee quality. This complimented with fair range of coffee varieties, relaxing & comfortable ambience, specially during extended hours - helped it attain the status.

During the _____ stage of the Product Life Cycle, technical problems are common and the product is fine-tuned.

Answers

Answer:

introductory stage

Explanation:

Answer:

-During the INTRODUCTORY_ stage of the Product Life Cycle, technical problems are common and the product is fine-tuned.

\(hope \: it \: helps\)

What function does feedback serve within a system?
a. transforms inputs into outputs simplifies the process assists in purchasing goods helps maintain stability

Answers

Feedback assists in maintaining the stability within a system. Feedback occurs when a system's outputs are routed back as the inputs as part of a cause-and-effect chain that forms a circuit or the loop. The system is said to feed back into itself.

Positive feedback occurs when the signal feedback from the output is in phase with the input signal. Negative feedback occurs when the signal feedback has the opposite polarity or is 180 degrees out of phase with respect to the input signal. When it comes to the feedback system, the concept of cause-and-effect must be handled with caution.

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if logan said he won the fight.
KSI fans:lets check his monthly spotify listeners

Answers

Answer:

xxxxxxxxxxxxxxxxxxx Vetty funny bro

Explanation:

What is a good rule of thumb to consider when it comes to student loan debt?
You should never borrow money to go to college because it is unlikely that you will be able to pay it back.
You should borrow as much money as you can through private loans and then take out federal loans.
You should borrow as much as your college says you should borrow as laid out in your financial aid offer letter.
You should generally limit your borrowing to what you expect to earn as a starting salary when you leave college.

Answers

A good rule of thumb to consider when it comes to student loan debt is to generally limit your borrowing to what you expect to earn as a starting salary when you leave college.

This means that you should borrow an amount that you can realistically pay back with the income you expect to earn in your chosen field after graduation.

It is important to avoid borrowing more than you need or more than you can afford to pay back. This can lead to a difficult financial situation after graduation, with high monthly payments that can be a significant burden on your budget.

Additionally, taking out more loans than necessary can lead to higher overall interest costs and a longer repayment period.

While it may be tempting to borrow as much money as possible, it is important to remember that student loan debt is a serious financial obligation that will impact your finances for many years to come.

It is important to carefully consider the costs and benefits of borrowing and to make informed decisions about the amount of debt you take on.

Overall, the best approach is to be conservative in your borrowing and to only take out what you need to cover the cost of tuition, fees, and other necessary expenses.

You should also explore alternative funding options such as scholarships, grants, and part-time work to help reduce the amount of debt you need to take on.

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While a differentiated marketing strategy can allow a firm to obtain a bigger share of the overall market, one problem is it can also be:_________

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Costly and resource-intensive. One problem with a differentiated marketing strategy is that it can be costly and resource-intensive.

Implementing this strategy requires significant investments in research, development, and marketing efforts to create unique products or services tailored to specific customer segments. This involves conducting market research, analyzing consumer preferences, and developing targeted marketing campaigns for each segment.

Additionally, maintaining separate distribution channels and sales teams for different segments adds to the overall costs. Each segment may require specialized distribution channels, such as online platforms, retail partnerships, or direct sales teams, which can increase operational expenses.

Furthermore, a differentiated marketing strategy demands ongoing monitoring and adaptation to changes in market dynamics and consumer preferences. This means continuous investment in market research and analysis to ensure that the chosen segments remain profitable and relevant.

Moreover, there is a risk of cannibalization within the company's own product portfolio. If different products or services within the firm's offerings target overlapping customer segments, it can lead to internal competition and dilution of market share.

Despite these challenges, a well-executed differentiated marketing strategy can yield significant benefits, including increased customer loyalty, higher profit margins, and a competitive advantage. However, firms should carefully assess the potential costs and resources required before implementing such a strategy to ensure its long-term sustainability and profitability.

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A group disability income plan that pays tax-free benefits to covered employees is considered?Non-contributoryPartially contributoryGroup contributoryFully contributory

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A group disability income plan that pays tax-free benefits to covered employees is considered Fully contributory.

Fully contributory is a group disability income plan that pays tax-free benefits to covered employees. The covered employees themselves fund this plan completely, and the employer does not contribute to the plan. Because this plan does not include employer contributions, the benefits received are tax-free and the contributions paid by the employees are not taxable. An employer may provide a group disability income plan as part of an employee benefits package. These plans provide employees with financial support in the event of a disability. The four types of group disability income plans are non-contributory, partially contributory, group contributory, and fully contributory.

Non-contributory plans are funded solely by the employer. Partially contributory plans involve both the employer and employees contributing to the plan. Group contributory plans require a minimum percentage of employees to contribute. The fully contributory plan is the one in which the employee is responsible for funding the plan entirely, and it is the only one that offers tax-free benefits.

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Final answer:

A group disability income plan that pays tax-free benefits to covered employees is a Non-contributory plan. This is different from contributory plans where both employees and employers contribute. Nowadays, more emphasis is put on "defined contribution" plans like 401(k)s and 403(b)s.

Explanation:

A group disability income plan that pays tax-free benefits to covered employees is considered a Non-contributory plan. In a non-contributory plan, the employer pays the full cost of the employees' benefits. This type of plan is unlike Social Security and Medicare which are contributory plans where both employees and employers contribute to the fund. Alternatively, Contributory plans can also be classified as Partially contributory, Group contributory, and Fully contributory based on the contribution model.

Modern employer-sponsored retirement benefits have shifted towards "defined contribution" plans, such as 401(k)s and 403(b)s, where employers contribute a fixed amount into the worker's retirement account. This amount is usually tax-deferred and portable. The responsibility of investing these funds wisely rests with the worker.

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What are the 3 psychological states reviewed in class that may improve engagement in the workplace?
Acceptance, Belonging, Contribution
Acceptance, Contribution, Teamwork
Acceptance, Compensation, Rewards
Belonging, Compensation, Teamwork

What are the 3 psychological states reviewed in class that may improve engagement in the workplace?Acceptance,

Answers

Answer:

Experienced meaningfulness: This is a positive psychological state that will be achieved if the first three job dimensions—skill variety, task identity, and task significance—are in place. All three dimensions help employees feel that what they do is meaningful.

Which of the following statements is true?A. A change in capitalized inventory costs under §263A always produces an increase in a deferred tax asset.B. A change in capitalized inventory costs under §263A always produces a decrease in a deferred tax asset.C. A change in capitalized inventory costs under §263A can produce an increase or a decrease in a deferred tax asset.D. A change in capitalized inventory costs under §263A always produces a permanent difference.

Answers

The correct statement is C.

Inventory or stock refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods

A change in capitalized inventory costs under §263A can produce an increase or a decrease in a deferred tax asset. This is because changes in the amount of inventory that is capitalized can affect the amount of deductible expenses in future years, which can either increase or decrease the deferred tax asset.

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Medicare is a government program funded by tax dollars to:
A-provide health insurance to children in a recount
B-provide health insurance to working adults
C-provide hospital insurance for those over 65

Answers

Medicare is provided to give health insurance to working adults the answer is B

Answer: C

Explanation: Trust me

Inkamva Lethu was established to offer counseling service for drug addicts and raise substance abuse awareness at no cost, identify form of ownership for this statement

Answers

Answer: Nonprofit Corporation

Explanation:

A Nonprofit corporation is one where the organization works to promote the good of the public in general either through charity, education, science, health and the like. These organizations provide their services at no cost and therefore rely on donations from benefactors to keep them going.

Inkamva Lethu is a Nonprofit corporation as it works for the public good by counseling drug addicts and raising awareness of substance abuse. They do this at no cost as well so they are a nonprofit corporation.

Match the different account heads to the two aspects of business.

Match the different account heads to the two aspects of business.

Answers

Answer:

See below

Explanation:

Match Source A

The business owns:

Are assets that belong to the business.

investments

intangible assets

Property, Plant, and Equipment

Current assets

Match source B

Match owes :

Refer to the liabilities of the business. They belong to others.

loans

payable

Using complete sentences, explain the difference between a need and a want and give an example of each.

Answers

Starting off with a need obviously is something you need, for example you need food, water, shelter and clothing. But why you may ask because if you don’t have these things then you could possibly die without them so this is a need. Now a want, a want is something you want say you want a new video game or a new tv something like that that is something you want not something you need.

Answer:

A need is something that you can't survive without. For example, you need food, water, shelter and clothing. A want is something you can live without, but having it makes life more enjoyable. For example, a TV, a cell phone, and a cool toy are all wants.

Help me and I will give you 30 Brainliest if your answer is correct.
"Jamie is not sure exactly what career to pursue but when she learned about the Human Services cluster, something spoke to her. Which types of career pathways are available to Jamie? Pick a career from each path and explain what it involves and where she might work if she had that job."

Answers

One of the careers from the Human Services Cluster that Jamie can consider looking at is Career Counselling.

What are Human Services Clusters?

Human needs are met via activities such as counseling and mental health programs, family and neighborhood services, personal care, and consumer services in the Human Services profession cluster.

Given that Jamie herself struggled with making this choice, she should find a purpose in Career Counselling. The career pathway to becoming a career counselor is given as follows:

Earn a bachelor's degree in counseling or a related subject of behavioral, social science, or human services.Complete graduation and postgraduate internship requirements for certification/licensure.Pass any certification/licensure examinations that are necessary.Apply for and obtain new certificates.Continue your education and keep current on trends and developments in career counseling.

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Elizabeth works for a local restaurant at the end of her shift she is required to write in the time that you arrive in the time she is leaving so that she can be paid appropriately today Elizabeth was 15 minutes late for work what would be the most ethical thing for Elizabeth to do

Answers

Answer:

Elizabeth would have to write the time she came in. If she lies, she's indirectly robbing the restaurant of it's money.

Explanation:

Somebody help I'll give 30 points

Somebody help I'll give 30 points

Answers

Answer:

1. Salesforce helps their people feel good by giving back to the community. They also offer great challenges and rewards, and have open communication culture.

2. Cisco offers good benefits that focus on family and enabling people to combine parenthood with their jobs. It’s also a great place to learn and develop professionally.

3. Admiral allows people to give back to the community through charity. They have built a strong sense of belonging and believe in the importance of having fun so people bring their best to work.

Explanation:

Answer:

Happy meal wih a mcdoobale

Explanation:

Suppose you learned that the price elasticity of demand for wheat is -0.70 between the current price for wheat and a price $2 dollars higher per bushel. Do you think farmers collectively should try to reduce the supply of wheat and drive up the price up 2 dollars higher per bushel? Why?

Answers

No, because the price elasticity of demand for wheat is inelastic (-0.70), which means that a change in price will result in a proportionately smaller change in quantity demanded, so reducing supply may not significantly increase the price.

Given that the price elasticity of demand for wheat is -0.70 between the current price for wheat and a price $2 dollars higher per bushel, it means that the quantity demanded of wheat is relatively inelastic, as a 1% increase in price will cause less than a 1% decrease in the quantity demanded (-0.70 < -1).

Therefore, farmers cannot significantly increase their revenue by reducing the supply of wheat and driving up the price by $2 per bushel, as the decrease in quantity demanded will not offset the price increase. Hence, reducing the supply of wheat will not be a profitable decision for farmers in this situation.

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a firm’s financial statements contain trends that give users insight into the firm’s: 1.future market share.
2.position within its industry.
3.profitability, productivity, and liquidity.
4.current market price for common and preferred stock

Answers

A firm's financial statements provide valuable information to users regarding the firm's profitability, productivity, and liquidity. These trends can help users assess the firm's financial health and make informed decisions about investing in the company.

Additionally, the financial statements can provide insight into the firm's position within its industry, as well as its potential future market share. However, the financial statements do not typically provide information on the current market price for common and preferred stock. This information is typically found through other sources such as financial news websites or brokerage firms.

A firm's financial statements contain trends that give users insight into the firm's profitability, productivity, and liquidity. These trends can also provide valuable information about the company's future market share, position within its industry, and the current market price for common and preferred stock. By analyzing financial statements, users can make informed decisions about the company's overall financial health and potential growth prospects.

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courtney's organization is in a very competitive industry and getting goods to market quickly is vital to the organization's survival. for courtney, adopting a(n) organizational philosophy on compensation might be a good idea.

Answers

Courtney's organization is in a very competitive industry and getting goods to market quickly is vital to the organization's survival. For Courtney, adopting a(n) pay for performance organizational philosophy on compensation might be a good idea.

It might be a good idea for Courtney to adopt a pay-for-performance organizational remuneration strategy. A compensation strategy known as "pay-for-performance" provides cash incentives to employees who meet certain performance benchmarks.

The compensation for employees is based on their efforts at work, thus they will work more to get a higher salary under this approach. Pay-for-performance programs can be a wonderful way to enhance top talent retention while also raising staff productivity and engagement.

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Your question is incomplete, but most probably the full question was.

Courtney's organization is in a very competitive industry and getting goods to market quickly is vital to the organization's survival. For Courtney, adopting a(n) _________ organizational philosophy on compensation might be a good idea.

A. at-the-market

B. below-the-market

C. pay for performance

D. wage compression

E. None of the above

alpha bot industries has 20 employees who work monday through friday each week; each employee earns $180 per day and is paid every friday. the end of the accounting period is on a wednesday. how much wages expense should the firm accrue at the end of the period?

Answers

The wages expense accrual for Alpha Bot Industries at the end of the period is $2,700.

It indicates that although the wages expense put in three days of work (Thursday, Friday, and Wednesday), they were not compensated.

The company employs 20 people, who each work Monday through Friday and are paid $180 each day. Consequently, $180 multiplied by five equals $900 as the company's total daily payroll expense.

$900 x 3 = $2,700 is the total pay wages expense for three days.

For the financial statements to appropriately represent the company's financial status, the corporation must record this sum as an accumulated expense in its accounting records.

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Before you move forward, summarize the changes you will need to make to your new budget. Describe these changes in at least two sentences.

Answers

Answer: yes

Explanation:

The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.

Answer:

The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.

Explanation: I just did the test an got a 100

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