Total cash sales for the week were $7,477,952. The total balance in the cash short and over account is -$1,014,003.
The amount of cash sales for the week can be calculated by adding up the amounts on the cash register tape for each day. This would be: $1,495.89 + $1,878.55 + $741.76 + $1,646.62 + $1,714.13 = $7,477.952.
To find the balance in the cash short and over account, you need to first add up the cash count and subtract it from the cash register tape for each day. Then, you need to subtract the change fund from this total. This would look like:
Day 1: $1,495.89 - $1,601.89 - $100 = -$206.00Day 2: $1,878.55 - $1,986.55 - $100 = -$208.00Day 3: $741.76 - $843.76 - $100 = -$202.00Day 4: $1,646.62 - $1,744.62 - $100 = -$198.00Day 5: $1,714.13 - $1,814.13 - $100 = -$200.00.The total balance in the cash short and over account is therefore: -$206.00 - $208.00 - $202.00 - $198.00 - $200.00 = -$1,014.003.
The balance in the cash short and over account represents a shortage because it is negative.
To find the amount of cash that was deposited, you need to add up the cash count for each day and subtract the change fund. This would be: $1,601.89 + $1,986.55 + $843.76 + $1,744.62 + $1,814.13 - $100 = $7,791.85. Therefore, the amount of cash that was deposited is $7,791.85.
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Ram said to gita,"you are mt best friend."(indirect)
Answer:
ram said to gita that she is his best friend
.
.
.
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hope it may help
Soft skills 2 sentences that will help
Answer:
Include the terms most closely related to the job in your resume, especially in the description of your work history. Highlight Skills in Your Cover Letter: You can incorporate soft skills into your cover letter. Include one or two of the skills mentioned here, and give specific examples of instances when you demonstrated these traits at work
Explanation:
A factory has a dedicated room just for computers. They are generally kept locked in the room and are never
directly used by users.
Which of the following is NOT true:
O That room is part of the infrastructure.
O Those computers are part of a network.
O Those computers are servers.
O Those computers form an architecture.
If the computers are not generally kept locked in the room and are never directly used by users, then the following is not true: D. Those computers form an architecture.
What is not true?The statement that is not true from the data given is that computers form an architecture. Computers that form an architecture work together to achieve a common goal. As the name implies, architecture is a combination of processes and systems that are meant to achieve a common purpose.
The computers in the room described do not work together to achieve a common purpose. Thus, we cannot say that they form an architecture.
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The adjusted trial balance columns of the worksheet for DeSousa Company are as follows. The owner did not make any additional investments in the business in April.
Debits :
Buildings $128,800
Accounts Receivable 14,800
Prepaid Insurance 4,000
Notes Payable 96,400
Equipment 61,300
Land 69,000
Insurance Expense 600
Depreciation Expense 7,000
Interest Expense 2,400
$306,900
Credits
Owner's Capital $119,300
Accumulated Depreciation-Buildings 42,300
Accounts Payable 11,200
Cash 19,000
Accumulated Depreciation-Equipment 18,300 Interest Payable 2,900
Service Revenue 16,500
$306,900
a. Prepare an Income statements
b. Post the closing entries to income summary and Retained Earnings
c. Prepare a post-closing trail balance at April 30
To prepare an income statement, we need to list all the revenues and expenses of DeSousa Company for the month of April. From the adjusted trial balance columns of the worksheet, we can see that there are no revenue accounts, so we only need to list the expenses. Option c
Expenses:
- Salaries and Wages Expense $42,000
- Rent Expense $8,000
- Insurance Expense $2,400
- Supplies Expense $3,800
- Depreciation Expense-Equipment $3,100
- Interest Expense $2,900
Total Expenses $62,200
To calculate the net income, we subtract the total expenses from zero, since there are no revenues:
Net Income $0
To prepare a post-closing trial balance at April 30, we need to list all the accounts with their adjusted balances after closing entries have been made:
Cash $23,700
Accounts Receivable $14,000
Prepaid Insurance $7,200
Equipment $87,000
Accumulated Depreciation-Equipment $18,300
Accounts Payable $9,700
Interest Payable $0
Salaries and Wages Payable $0
Unearned Rent Revenue $6,000
Owner's Capital $74,800
Owner's Drawings $5,000
Depreciation Expense-Equipment $0
Insurance Expense $0
Interest Expense $0
Rent Expense $0
Salaries and Wages Expense $0
Supplies Expense $0
Total Debits $130,200
Total Credits $130,200
This post-closing trial balance confirms that all the temporary accounts have been closed to the Owner's Capital account, which has a balance of $74,800, reflecting the net effect of the company's operations and any owner investments or withdrawals during the month of April. The Interest Payable account has a balance of zero, indicating that the interest expense for the month has been paid. Option c
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what would you do if you still liked someone that you have dated in the past and broke up with?And they dont know it?
Answer:
Tell them
Explanation:
If revenues exceed expenses for the accounting period, the retained earnings account?
If sales during the accounting period are higher than expenses, the retained earnings account will have a lower balance after closing.
Retained Earnings: The whole net earnings or profit of a corporation, fewer dividends, is what is referred to as retained earnings. They are sometimes referred to as the profit surplus.
Revenue, cost, and dividend accounts are temporary or nominal accounts.
If sales during the accounting period are higher than expenses, the retained earnings account will have a lower balance after closing.
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say you want to write a program to have karel put down 300 tennis balls. which control structure would you use?
A loop for In order to have Karl lay down 300 tennis balls, we want to develop a program.
How would you define a business program?A business program is a schedule that features forums for discussion, press conferences, workshops, exhibitions, signing ceremonies for partnership agreements, and road maps.
Which business degree should I pursue?An accounting degree or bachelor's degree is usually sufficient for entry-level work. However, you must obtain a master's degree, such as a master's in accountancy, or a ph.d. degree in the relevant discipline if you want to work in executive and managerial roles accounting, management, data analytics, strategy, ethics, entrepreneurship, finance, and human resource management are just a few of the subjects covered in a business school.
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Jared had studied extremely hard for his math test and believed he had understood the material and memorized the formulas. As he entered the classroom and sat at his desk, he began to worry. He was fearful that he had not prepared enough to do well on the test. The tests were passed out, and he turned his over to begin. As he read the first question, he panicked and his mind went blank. He had a classic case of test anxiety. Which of Jared’s anxiety reactions was physical? He panicked. He began to worry. He was fearful. His mind went blank.
Answer:
He began to worry.vvv
Explanation:
Answer:
"(A)" not 100% percent sure but I'm 99.9 percent sure it's right because I am very confident in my decision
Explanation:
tell me in the comments if it's right, if it's wrong I'll change my answer as soon I notice but please don't hate because this is what I think
A corporation chartered in Mexico and doing business in the United States is known as a foreign corporation in the United States
true or false?
Answer:
true
Explanation:
true because it's a business between two country
How should you dress for a phone interview? (Site 1)
online content
Answer:
You should at least have a nice top on because only the camera will see that. If you are a girl you could just wear a dress, probably a black one because that is what I wore to my interview yesterday because there is no pattern or anything it's just a plain black one, but that was in person. if you're a guy you need to wear a suit and tie,but you could probably just wear shorts because they won't see the bottom half of you
Explanation:
I hope this helps out a little bit :-)
An interview is a formal process by which an employee is assessed for his/her performance by the employer.
For a phone interview, one should be dressed properly as the interviewer can see you through the camera.
For a girl, you should be dressed nicely and no revealing or extra shiny clothes should be wore.
In the case of a man, one should be properly dressed in suits or formal shirts.
Try to wear dark black or blue coloured clothes and sit in a properly lighted area.
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1. Suggestions of recommendation to a finance company how to
improve loan market?
2. What can be the core components of a finance company?
1. Recommendations to improve loan market for a finance company include improving customer experience, streamlining loan application processes, offering competitive interest rates, diversifying loan products, and implementing effective risk management strategies.
2. The core components of a finance company typically include loan origination, underwriting and credit analysis, loan servicing, customer relationship management, risk management, and compliance.
1. To improve the loan market, a finance company can consider several recommendations. Firstly, enhancing the customer experience by providing efficient and user-friendly loan application processes can attract more borrowers. Offering competitive interest rates and terms can make the company's loan products more appealing to potential customers. Diversifying loan products to cater to different market segments and customer needs can also expand the company's customer base. Implementing effective risk management strategies, such as thorough credit analysis and underwriting processes, can help mitigate potential loan defaults.
2. The core components of a finance company typically include loan origination, where loans are sourced and initiated; underwriting and credit analysis, which involves assessing the creditworthiness of borrowers and determining the terms of the loan; loan servicing, which includes collecting loan payments and handling customer inquiries; customer relationship management, which involves building and maintaining relationships with borrowers; risk management, which encompasses assessing and managing the risks associated with lending activities; and compliance, which ensures adherence to regulatory requirements and industry standards.
By focusing on these core components, a finance company can establish a solid foundation for its loan market operations and enhance its overall performance and competitiveness.
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Alpha Centaur Co (AC) has 100 million shares outstanding with a price per share 5.8€ per share. AC plans to now issue debt for 180 MEUR and investors expect this level of debt to be permanent. Suppose the only market imperfections are corporate taxes at 20% and financial distress costs, and that the price per share with the leveraged recapitalization settles at 6€ per share in the market. What is the implied present value of financial distress costs in MEUR, and the number of shares repurchased with the issued debt?
The implied present value of financial distress costs in MEUR can be calculated by first finding the value of the company before and after the leveraged recapitalization. Before the recapitalization, the value of AC is:
100 million shares x €5.8 per share = €580 millionAfter the recapitalization, the value of AC is:(100 million shares x €6 per share) + €180 million debt = €780 million The increase in value due to the recapitalization is:€780 million - €580 million = €200 million.
However, this increase in value is not solely due to the recapitalization but also due to the assumption that the level of debt will be permanent. Therefore, we need to adjust for the tax shield benefit from the interest payments on the debt, which is:
(20% x €180 million) / (1 - 20%) = €36 million
The adjusted increase in value due to the recapitalization is:
€200 million - €36 million = €164 million
This €164 million represents the present value of financial distress costs, which is the amount that investors expect AC to pay in the future due to the increased risk of financial distress from the additional debt.
To find the number of shares repurchased with the issued debt, we can divide the €180 million debt by the price per share after the recapitalization:
€180 million / €6 per share = 30 million
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20 points Match each of the following amounts to appropriate economic item.
1. 3.3 trillion
2. 1.1 trillion
3. 28 trillion
a. total expenditures
b. national debt
c. current deficit
d. spending on defense
e. spending on income security
Answer:
ɪ ᴅᴏɴᴛ ᴋɴᴏᴡ
ᴛᴀᴍᴏᴅ ᴛᴀᴍᴏᴅ ᴛᴀᴍᴏs
Mountain High Ice Cream Company transferred $72,000 of accounts receivable to the Prudential Bank. The transfer was made with recourse. Prudential remits 90% of the factored amount to Mountain High and retains 10% to cover sales returns and allowances. When the bank collects the receivables, it will remit to Mountain High the retained amount (which Mountain estimates has a fair value of $6,200). Mountain High anticipates a $4,200 recourse obligation. The bank charges a 2% fee (2% of $72,000), and requires that amount to be paid at the start of the factoring arrangement. Required: Prepare the journal entry to record the transfer on the books of Mountain High assuming that the sale criteria are met. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
The journal entry to record the transfer on the books of Mountain High assuming that the sale criteria are met.
Cash 64,800
Receivable from factor 4,760
loss on sale of receivables 2,440
Mountain High transferred accounts receivable to the Prudential Bank. The transfer was made with recourse. The bank remits 90% of the factored amount to Mountain High and retains 10% to cover sales returns and allowances.
When the bank collects the receivables, it will remit to Mountain High the retained amount (which Mountain estimates have a fair value of $6,200). Mountain High anticipates a $4,200 recourse obligation. The bank charges a 2% fee (2% of $72,000) and requires that amount to be paid at the start of the factoring arrangement.
Therefore, the following journal entry will be made to record the transfer of accounts receivable from Mountain High to Prudential Bank:
Cash 64,800
Receivable form factor 4,760
Loss on sale of receivables 2,440
Accounts receivable 72,000
The entry debits cash for 90% of $72,000 = $64,800 and the loss on sale of receivables for the 2% fee of $1,440 ($72,000 x 2%).
It credits accounts receivable for the total amount of accounts receivable transferred. It also credits receivable from factor for the remaining balance of the cash that will be received from Prudential Bank.
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what business type is a business owned by individual, therefore subject to a limited life and unlimited liability?
The business type that is owned by an individual and is subject to a limited life and unlimited liability is a sole proprietorship.
In a sole proprietorship, a single individual owns and operates the business. This individual is personally liable for all the business's debts and obligations. This means that if the business incurs debts or faces legal liabilities, the owner's personal assets can be at risk.
Additionally, a sole proprietorship has a limited life. The existence of the business is directly tied to the life of the owner. If the owner chooses to retire, sell the business, or passes away, the sole proprietorship typically ceases to exist.
Sole proprietorships are often relatively easy and inexpensive to set up and maintain, making them a common choice for small businesses or individuals starting their entrepreneurial ventures. However, the unlimited liability and limited life aspects can pose risks to the owner's personal finances and the continuity of the business.
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your small business has a product that people love and a website that has been linked to by other sites. which factor do these links represent when a search engine is evaluating your site?
When a search engine is evaluating your site, the links from other websites represent a factor known as "backlinks" or "inbound links."
Backlinks are an important aspect of search engine optimization (SEO) and play a significant role in determining the visibility and authority of a website in search engine rankings. Here is a step-by-step explanation of the significance of these links:
1. Authority and credibility: When other reputable websites link to your site, search engines consider these links as votes of confidence or endorsements. The more high-quality backlinks you have, the more authority and credibility your website is perceived to have in the eyes of search engines.
2. Popularity and visibility: Backlinks contribute to the popularity and visibility of your website. Search engines view websites with a higher number of backlinks as more popular and relevant, resulting in better chances of appearing in search results for relevant queries.
3. Traffic generation: Backlinks can drive referral traffic to your website. When users click on a backlink from another site, they are directed to your site, increasing the potential for new visitors and potential customers. The more backlinks you have from relevant and authoritative sources, the higher the potential for increased traffic to your site.
4. Improved indexing and crawling: Search engines use links to discover and index new web pages. When other websites link to your site, it facilitates the crawling process, allowing search engines to find and index your content more efficiently.
5. Anchor text relevance: Backlinks often use anchor text, which is the clickable text within a hyperlink. When the anchor text is relevant to the content on your website, it helps search engines understand the context and topic of your site, potentially improving its visibility for related search queries.
6. Natural link building: Search engines value natural link building, where backlinks are acquired organically due to the quality and relevance of your content. It is important to focus on creating valuable, shareable content that naturally attracts links from other sites, rather than engaging in manipulative or spammy link-building practices.
In summary, the links from other websites represent backlinks, which are a crucial factor in search engine evaluation. Backlinks contribute to the authority, visibility, traffic, and indexing of your website, ultimately impacting its rankings in search engine results pages.
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briefly describe what is meant by the organizational structure and explain any three examples of organizational structure used by businesses
Explanation:
Organizational structure : Framework for managers which shows the division of responsibilities and roles played by each stakeholder
Examples :How the business carries it self
: Does the business have ethical issues
: Does the business have a code of conduct
At work, Mario was trying to show Jenessa the new procedure for stocking the shelves. Jenessa kept working as he explained and quickly became frustrated because Mario kept telling her she was doing it wrong. What could Jenessa have done first to be a better active listener?
She could have read the employee memo that explained the new procedure.
She could have asked clarifying questions to make sure she understood.
She could have stopped what she was doing to give Mario her full attention.
She could have restated what he said in her own words.
Answer:
She could have stopped what she was doing to give Mario her full attention.
Answer:
C, she could have stopped what she was doing to give Mario her full attention.
Explanation:
Good luck on your test:)
Internship programs may be one way to help minorities prepare for careers in management when still in college. a. True b. False
The answer to your question is a. True. Internship programs can indeed be a valuable way for minorities to gain practical experience and develop skills needed for careers in management while still in college.
Internship programs are indeed an effective method to assist minorities in preparing for careers in management while they are still in college. These programs offer valuable opportunities for minority students to gain hands-on experience, develop industry-specific skills, and build professional networks. By participating in internships, minorities can acquire practical knowledge and insights into the field of management, which can significantly enhance their employability and competitiveness in the job market.
Internships also provide a platform for mentorship and guidance from experienced professionals, enabling minorities to receive valuable advice and support as they navigate their career paths. Overall, internship programs play a crucial role in equipping minorities with the necessary tools and experiences to thrive in management roles and contribute to greater diversity and inclusion in the workforce.
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Which are affected by the factors of production? Check all that apply.
A.) the demand of the item
B.) the availability of the item
C.) the cost of the item
D,) the quality of the item
E.) the popularity of the item
Answer:
A
C
D
Explanation:
without demand no reason to product it
The cost of a item also greatly affects it
and how well they can make it without being too expensive
Critically explain Robbins definition of economics?
Answer:
In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”
Explanation:
What system did merchants in early centuries use to make commercial transactions easier
In the early centuries, merchants made use of the Mercantilism system for commercial transactions.
What is Mercantilism?In simple terms, it is an economic theory and practice known as "mercantilism," which was prevalent in Europe from the 16th to the 18th century.
Mercantilism advocated governmental regulation of a country's economy with the goal of enhancing state power at the expense of competing for national powers.
According to the theory, a strong nation should have a sizable population because a sizable population would offer a supply of labor, a market, and soldiers.
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3. Why are people who are unemployed but not looking for work not included in
the unemployment figures? (Hint: think of teenagers)
Need help due TODAY
Answer:
Because they don't keep track on it.
Explanation:
Basically they are just included in it because they don't keep track of it. Hope that helps!
kathleen is considering expanding her dress shop. if interest rates rise she is:
Answer:
likely to expand?
Explanation:
Kathleen is considering expanding her dress shop. If interest rates rise she is Less likely to expand
What is interest ratesHigher interest rates can make it more expensive to borrow money. If Kathleen decides to borrow money or use credit to grow her dress shop, she might have to pay more money back because of the higher interest rates on those loans. This might make borrowing money more costly and might affect her choice to grow her business.
When interest rates go up, how people spend their money can change. When interest rates go up, it costs more for people to borrow money. This can mean people may spend less money on optional things like clothes, which could impact Kathleen's sales and income.
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government intervention is one possible solution for market failure. what is one possible reason why a government-controlled used car market may not provide an efficient outcome?
Correcting market failure issues related to public goods, outside costs and benefits, and perfectly competitive is one of the functions of government. It is always possible for government intervention to lower deadweight losses by bringing markets nearer to efficient solutions.
An outcome can only be accomplished if government actors focus on helping the economy rather than exploiting this option to obtain their personal incentives out of it if government intervention is taken to address market failure.
Government intervention:
Government intervention to correct market imperfections and regulate the macroeconomy may fall short of achieving a socially effective resource allocation. Government engagement in the economy that results in inefficiency and the improper use of limited resources is known as "government failure."
Government-controlled used automobile markets may not be able to achieve the efficient results that we anticipate since the government's incentives may not be in line with what market efficiency prefers.
Government players might have their own motivations that might not line up with the efficiency of the market, which is one cause why a government-controlled used automobile market might not produce an efficient result.
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hedge fund managers who believe in the insurance theory are most likely to take what kind of positions in commodity futures contracts?
Equity Strategy is followed by hedge funds, with 75% of the Top 20 funds doing the same. 10% of the Top 20 Hedge Funds use the relative value technique. The remaining 15% of the strategy is made up of macro strategy, event-driven strategy, and multi-strategy.
Hedging is a risk management technique used to counteract investment losses by performing the opposite function in a related asset. Hedging reduces risk, but it also typically results in a loss in possible profits. Hedging demands payment in exchange for the top quality of safety it offers.
Depending on the asset or portfolio of assets being hedged, there are a variety of effective hedging strategies. Options, volatility indicators, and portfolio production are the top three.
Equipment for hedging can also be used.in order to lock in the profit. Trading during challenging market times is made possible through the use of hedges. a victory Hedging offers the trader protection against changes in commodity prices, exchange rates, hobby prices, inflation, and other factors.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Please help with all 3 bullet points
You have been invited to speak to a group of Managers at Paychex about increasing the business’s commitment to improved employee health benefits by increasing the opportunity to work remotely.
How will you appeal to their pathos?
How will you appeal to their ethos?
How will you appeal to their logos?
To appeal to the managers' pathos, I would emphasize the positive impact of remote work on employees' well-being, work-life balance and overall happiness.
How can remote work benefit employees' well-being and happiness?As managers, we must recognize the profound influence of employee well-being on their productivity and loyalty. By increasing the opportunity of work remotely, we offer employees a better work-life balance and flexibility.
This lead to reduced stress levels, increased job satisfaction and improved mental health. Remote work allows employees to save commuting time, spend more quality time with their families and achieve a greater sense of control over their lives.
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What is the journal entry for “bought good for cash from m/s rupa traders”
Answer:
see below
Explanation:
The action of buying goods from r/s rupa increase inventory/purchases ( asset account) and reduces cash( asset) in the business.
An increase in assets account is debited, while a decrease is credited. The journal entry will be
Purchases a/c Dr
Cash a/c Cr
Advise the team leader on the activities that should take place during the
performing stage.
Answer is this.I think this is helpful