BUSINESS COLLEGE

Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on August 31, its Cash account shows a debit balance of $22,662. Franklin's August bank statement shows $21,837 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit $ 7,350 Outstanding checks $ 5,800 Bank service fees, not yet recorded by company $ 145 The bank collected on a note receivable, not yet recorded by the company $ 870

Answers

Answer 1
Answer:

Answer:

Adjusted balance = $23,387

Explanation:

                    Franklin Company

        Bank Reconciliation statement

Bank balance as of August 31                 $21,837

Add: Deposit in transit                             $ 7,350

                                                                 $29,187

Less: Outstanding check                        $(5,800)

Adjusted cash balance                          $23,387

Cash balance as of August 31                $22,662

Add: Collection of Note receivable       $     870

                                                                 $23,532

Less: Bank service charge                      $(    145)

Adjusted cash balance                          $23,387

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During the latest year, Sky Inc. had total sales of $500,000, net income of 30,000, and its year-end total assets were $250,000. The firm’s total debt to total assets ratio was 0.36. You can assume total debt is the same as total liabilities. What is firm's return on equity (ROE)?

Answers

Answer:

18.75%

Explanation:

Data provided in the question:

Total sales = $500,000

Net income = $30,000

Total assets = $250,000

Debt to total assets ratio = 0.36

Thus,

Total debt = 0.36 × $250,000

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The first step in assembling a project team is to:A) talk to potential team members.
B) identify the required skills.
C) negotiate with the functional supervisor.
D) notify top management.

Answers

Answer:

B) identify the required skills.

Explanation:

After the scope of a project has been clearly defined with the goal well understood, in assembling a project team there is a need to first identify the required skills for the project.

This is key and has to be done before talking to potential team members, negotiating with the functional supervisor and notifying top management.

Jaxon Furnishings Company is considering logging opportunities in Alaska to obtain wood for their products. The market analysis team is busy comparing the benefits of increased wood production to the costs of deforestation and resulting environmental conditions. The company is using the _____ approach to make this ethical decision.

Answers

Answer:

Jaxon Furnishings Company Vs Logging Opportunities in Alaska

Comparison of the benefits of increased wood production to the costs of deforestation:

The company is using the __environmental sustainability___ approach to make this ethical decision.

Explanation:

According to brittanica.com, environmental "sustainability is understood as a form of intergenerational ethics in which the environmental and economic actions taken by present persons do not diminish the opportunities of future persons to enjoy similar levels of wealth, utility, or welfare."

An approach to an ethical decision is sustainable when it considers the long-term benefits and costs associated with the decision, instead of concentrating on the short-term benefits as some business transactions are done.  Short-termism selfishly considers the immediate gains from a transaction.  It lacks a futuristic appetite for the good of future generations.

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Answers

Answer:

The correct answer to the following question will be "S​he enhanced her brand image".

Explanation:

  • Keira dramatically improved her brand reputation by getting ready a logo to promote her unquantifiable facility of various dog walking the dog. Designed to enhance the brand identity requires connecting with the clients regarding your brand as well as trying to make your provider or good extra attractive to the users. That is among the most powerful advertising moves.
  • Keira aims to grow its market here by generating more competition for its intangible growing organization. For all of this she chooses to help improve her brand value so that she can get so many requirements for her provider as well as make higher revenue.

So that the above is the right answer.

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Answers

Answer:

The correct answer is:  served one (1) year or more in jail.

Explanation:

The National Securities Markets Improvement Act (NSMIA) is a U.S. securities regulation law. It aims to give more regulatory power to the federal government. Under this law, people who would like to apply to become securities brokers must not have a prison history as inmates for more than one (1) year. Otherwise, their application will be denied.

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Answers

Answer:

The correct answer is letter "D": agency shop agreement.

Explanation:

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