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Vikentia [17]
1 year ago
11

Rune Co.’s checkbook balance on December 31 was $10,000. On that date, Rune held the following items in its safe: $4,000 check p

ayable to Rune, postdated January 3, and not included in the December 31 checkbook balance, in collection of a sale made in December. $1,000 check payable to Rune, deposited December 15 and included in the December 31 checkbook balance, but returned by the bank on December 30 stamped "NSF." The check was redeposited on January 2, and cleared on January 9. What amount should Rune report as cash in its December 31 balance sheet?
Business
2 answers:
jarptica [38.1K]1 year ago
6 0

Answer:

$13,000

Explanation:

<em>Rune Co.'s</em>

<em>As of December 31</em>

Balance as per Bank Statement $10,000

(+) Bank credits and collections $4,000

(-) Bank errors overstate book balance $1,000

Correct Cash Balance $13,000

kodGreya [7K]1 year ago
5 0

Answer:

A transformation T: (x, y)  (x + 3, y + 1). For the ordered pair (4, 3), enter its preimage point.

(-1, 2)

(1, 2)

(7, 4)

Explanation:

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Brandon grew up working on a farm but went to school to become an accountant. He decides to put all of his knowledge to work.
Angelina_Jolie [31]

Answer:B. Running his own small farm.

Explanation:

Having got the exprience in running a farm, couple with his financial and managerial knowledge from Accounting will help him to be successful.

8 0
2 years ago
Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment
Dmitriy789 [7]

Answer:

$458.12

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow in year 0 = $-160,000

Cash flow each year from year 1 to 3 = $54,000

cash flow in year 4 = $54,000 + $11,000 = $65,000

I = 15

NPV = $458.12

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

3 0
1 year ago
You were recently selected for an important 2-year overseas assignment in Qatar. This is a big career opportunity and a chance t
Ganezh [65]

Answer:

The correct answer is letter "A": Create a list of the things that you found to be different than what you expected during your visit and plan some strategies for adjusting to these differences.

Explanation:

To improve your cultural competence, it is a good idea to come up with a list of the aspects that you found different than expected so you can have a clear idea of what you may struggle with. From that point, you can determine what are the possible solutions for each aspect to adjust your cultural differences.

6 0
2 years ago
Which financial leverage ratio is used with two other ratios to mathematically produce the return on equity ratio?
ipn [44]

Answer: c. Total Assets/ Equity

Explanation:

To measure the Return on Equity with 3 ratios, the <em>DuPont Analysis</em> can be used. This is a technique of deconstructing the Return on Equity ratio into various constituent ratios so that their effect on Return on Equity is better know.

The basic DuPont Analysis is;

Return on Equity = \frac{Net Income}{Revenue} * \frac{Sales}{Total Assets}  * \frac{Total Assets}{Equity}

Total Assets/ Equity or the Assets to Shareholder Equity ratio is the answer.

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1 year ago
The concept of​ ______________ has evolved from that of a nebulous​ "do-gooder" to one of​ "social steward" with the expectation
JulijaS [17]
Don know the answer to this one
7 0
1 year ago
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