TIE (Times-Interest-Earned) ratio indicates the company's ability to pay its interest expenses from the operating profit. It shows the company's ability to repay its debts and interests using the operating income.
It can be calculated using the formula: TIE = Earnings before interest and taxes (EBIT) / Interest expense According to this year's income statement, the company has a net income of,
$99613
tax expense of
$23890
and interest expense of
$31740.
To determine the TIE ratio of the ABC company, we have to calculate the EBIT of the company.
EBIT = Net income + Tax expense + Interest expense= $99613 + $23890 + $31740= $155243
Now, we can find the TIE ratio:
TIE = EBIT / Interest expense= $155243 / $31740= 4.89
Hence, the TIE ratio of the ABC company for this year is 4.89, rounded to 2 decimal places.
To know more about indicates visit:
https://brainly.com/question/33017327
#SPJ11
the company has received a special order for 14,000 speakers. if this order is accepted, the company will have to spend $23,000 on additional costs. assuming that no sales to regular customers will be lost if the order is accepted, at what selling price will the company be indifferent between accepting and rejecting the special order? (do not round your intermediate calculations. round your final answer to two decimal places.)
To determine the selling price at which the company will be indifferent between accepting and rejecting the special order, we need to calculate the relevant costs and compare them to the revenue generated from the order.
Let's break down the information given in the question Additional costs: The company will incur $23,000 in additional costs if the special order is accepted. No sales lost: It is mentioned that accepting the special order will not result in any lost sales to regular customers. This means that the company can produce the 14,000 speakers without affecting its regular sales. Now, let's calculate the selling price at which the company will break even (indifferent) between accepting and rejecting the special order:
Total cost per unit: Divide the additional costs ($23,000) by the number of speakers (14,000) to find the additional cost per unit: $23,000 / 14,000 = $1.64 per unit. Selling price per unit: Subtract the additional cost per unit from the regular cost per unit to find the selling price per unit: Regular cost per unit + Additional cost per unit = Selling price per unit. Since the regular cost per unit is not provided in the question, we cannot calculate the exact selling price. However, we can show you the formula you would use to calculate it if the regular cost per unit was given. By using this formula, you can substitute the given regular cost per unit and calculate the selling price per unit.
To know more about selling price visit :
https://brainly.com/question/27796445
#SPJ11
1 Systems and Strategic Objectives (30 points) Write your answer in FULL sentences." Bullet point" answers will NOT be graded even if correct. You are the Chief Marketing Officer of an insurance company that offers insurance products in conwentionat areas (e g. vehicie cr property insurance) in order to actract new customers as well as to increase the satisfaction of the existing customers, you would like to invest in information systers identily ichoore invo ontine information systems (2 examples) that will help you to fulfill this strategic objective. Hint: The system can be operational (transactional) or analytical or any cype that we have discussed in the course or your coleagues presented in the researeh project. For FACH 15 (in the below order) a) Describe the system that you would imvest in (the name is NOT sufficient you shouid describe the system by its functionalities / featuresi 775 peinto in Rol sentences. b) Explain the processes I tasks I activities performed by using this system (to do whati and the users of this system 7.5 pointe in full. uetiencel NOTE: For both is examples, in order to answer b, you have to answer a. If a is not answered, answers for b will NoT be graded.
A) The two examples of online information systems to invest in for the insurance company are as follows:
Operational System: Claims Management System (CMS) is an operational system that assists insurers in organizing and streamlining their claims handling processes. CMS is an automated application that enables insurance carriers to handle the entire claims process in a streamlined manner. CMS should ideally be used to process claims in a short amount of time with greater consistency, accuracy, and productivity.
Analytical System: Customer Relationship Management System (CRM) is a powerful analytical tool that assists in managing customer data, sales, and marketing. This system analyzes data in order to improve customer loyalty and boost revenue. It may be used to automate repetitive tasks, monitor customer behavior, send personalized messages, and improve interactions with customers.
B) The following processes/tasks/activities can be performed using the Claims Management System:
Claim filing, Claim adjustment, Underwriting, Actuarial analysis, Medical claims processing, Risk assessment, Claim settlement, Reinsurance management, Fraud detection, and analysis of the claim portfolio.
Claims management system users: Employees of the Claims Department, Claims adjusters, Policyholders, Agents/Brokers, Medical professionals, and Actuaries.
The following tasks can be performed using Customer Relationship Management System (CRM):
Collects customer data, Automates sales and marketing tasks, Provides personalized marketing messages, Tracks customer interactions, Analyzes customer data to identify patterns, Develops sales forecasts, Establishes customer segments, Tracks customer feedback, and measures customer satisfaction.
CRM users: Marketing and sales teams, Customer service reps, Financial analysts, Marketing analysts, IT support staff, and System administrators.
Learn more about Customer Relationship Management System (CRM): https://brainly.com/question/32321543
#SPJ11
In a small, closed economy, national income (GDP) is $250 million for the current month. Individuals have spent $150 million on the consumption of goods and services. They have paid a total of $25 million in taxes and the government has spent $25 million on goods and services this month. Use this information and the national income identity to answer the questions. How much does the economy spend on investment? illion dollars What is national saving in the economy? illion dollars Incorrect How are investment and national saving related in an economy like this? Investment is a component of national saving. National saving is always less than investment. Investment and national saving are unrelated. National saving equals investment.
National income identity is an economic concept that is represented by the equation Y = C + I + G + NX, where Y is equal to national income, C represents consumption, I stands for investment, G represents government expenditure, and NX is equal to net exports.
Using the national income identity, we can find out how much the economy spends on investment and what is national saving in the economy. Solution Given that national income (GDP) is $250 million, individuals have spent $150 million on the consumption of goods and services, they have paid a total of $25 million in taxes and the government has spent $25 million on goods and services this month.
Using the national income identity, we know that Y = C + I + G+ NX
Plugging in the values, we get250 = 150 + I + 25 + 0I = 250 – 175I = 75 million dollars
Thus, the economy spends 75 million dollars on investment.
We can calculate national savings using the formula,
National savings (S) = Y – C – G – TI.e S = Y – C – G – T= 250 – 150 – 25 – 25= 50 million dollars
Therefore, the national saving in the economy is 50 million dollars.
In the economy, investment and national savings are related. Investment is a component of national saving. National saving equals investment. Thus, option (D) National saving equals investment is correct.
To know more about consumption visit :
https://brainly.com/question/31868349
#SPJ11
On October 1, 2021, Ibrahim, Inc. issued 100,000 shares of SAR
5 par value stock for SAR 10per share.
Required: pass journal entry for this transaction.
The journal entry for the transaction that took place on October 1, 2021, is as follows: Particulars Debit Credit Cash received from the issuance of shares1,000,000Share capital (100,000 x SAR 5)500,000Share premium (computed as (10-5) x 100,000)500,000
The above entry records the cash that Ibrahim Inc. received from the issuance of 100,000 shares at SAR 10 per share. The total amount that the company raised from this issuance is SAR 1,000,000 (100,000 shares x SAR 10 per share).
The amount that gets credited to the share capital account is SAR 500,000 (100,000 shares x SAR 5 per share), and the share premium account is credited with SAR 500,000 [(SAR 10 per share - SAR 5 per share) x 100,000 shares].
The company has issued the shares at a price higher than the par value of SAR 5 per share, and hence, the excess amount is recorded in the share premium account
The share premium account is a part of equity and represents the excess amount received over and above the par value of shares.
To know more about Ibrahim visit:
https://brainly.com/question/24229731
#SPJ11
what is double distribution method in cost measurement with real
example please?
Double distribution method is a cost accounting method that involves allocating costs based on two different measures. It is used when a single cost driver cannot fully explain the variation in costs.
The method involves identifying two cost drivers and allocating costs based on the relationship between them. One driver is used to allocate fixed costs, while the other is used to allocate variable costs. Here is a real example to illustrate how the double distribution method works:Suppose that a company produces two products, A and B. It incurs both fixed and variable costs in the production process.
The company has identified two cost drivers: direct labor hours (DLH) and machine hours (MH). The fixed costs are allocated based on MH, while the variable costs are allocated based on DLH. The following data is available:
Fixed costs: $10,000Variable costs: $20,000DLH: 2,000MH: 500
Product A requires 1,500 DLH and 200 MH, while product B requires
Using the double distribution method, we can allocate the costs as follows:
Fixed cost allocation: ($10,000/500) x 200 = $4,000 for product
A and ($10,000/500) x 300 = $6,000 for product B Variable cost allocation:
($20,000/2,000) x 1,500 = $15,000 for product A and ($20,000/2,000) x 500 = $5,000
The total cost of producing product A is $19,000 (fixed cost + variable cost) and the total cost of producing product B is $11,000.
To know more about accounting visit:
https://brainly.com/question/5640110
#SPJ11
What do you think companies can do to ensure they market these
products effectively given their classifications?
Companies can ensure they market their products effectively given their classifications by conducting extensive research to identify their target market and developing a marketing strategy that aligns with their needs. Companies need to know their customers and understand their preferences, buying habits, and decision-making processes.
To market their products effectively, companies should conduct extensive research to identify their target market. It is crucial to understand their needs, preferences, buying habits, and decision-making processes. This will help the company to develop an effective marketing strategy that aligns with their target customers' needs.
Companies can also use social media platforms to connect with their customers and promote their products. This includes running targeted ads, creating social media posts, and engaging with their customers by responding to comments and messages. Another strategy is to partner with influencers who have a significant following on social media. This can help increase brand awareness and credibility.
Companies should also develop a unique selling proposition (USP) for their products. This is a statement that outlines what makes their product different from the competition. It should be simple, clear, and compelling, and it should resonate with the target market.
Companies can also leverage customer reviews to promote their products. Positive reviews can be used in advertising campaigns, on the company's website, and in social media posts. This helps build credibility and trust with potential customers.
Overall, companies need to take a customer-centric approach to marketing their products. By understanding their target market and developing a marketing strategy that aligns with their needs, companies can effectively promote their products and increase sales.
Learn more about social media platforms: https://brainly.com/question/23662199
#SPJ11
Jerry wishes to purchase a new motor vehicle for his business so that he can offer a delivery service for people who wish to
order online. Jerry sees Calvin’s advert on a popular social media site. He contacts Calvin and enquires as to what the price
is, and whether the vehicle has any accident history or damage. Calvin notes that there are no defects which he is aware of,
and that the vehicle is not accident damaged. Calvin expressly states to Jerry that the vehicle will be sold "voetstoots". Jerry
inspects the vehicle, takes the vehicle for a test drive and then agrees to purchase the vehicle, as he is fully satisfied with it
in all regards. Calvin draws a purchase and sales agreement stating that the motor vehicle is sold "voetstoots". Jerry agrees
and signs the agreement. Jerry allows many staff members to drive the motor vehicle. However, 3 months later, Jerry
discovers that the clutch has burnt out.
1 Jerry wishes to understand the concept of warranty against defects, as well as what must be
proven to show that a latent defect does exist. You are required to fully explain the concept of latent
defects, and the requirements which are used to prove that a latent defect does exist. Furthermore,
you are required to fully discuss the "voetstoots" term which Calvin has referred to.
2 Will Jerry have a claim against Calvin? Explain fully.
In South African law, there is a general implied warranty that goods sold are of merchantable quality.
Jerry will have a claim against Calvin for the latent defect in the clutch.
Why will Jerry have a claim ?In South African law, it is implied that goods must be fit for the purpose for which they are intended, and that they must be free from defects that would make them unfit for that purpose.
The term "voetstoots" is Afrikaans for "as is". It is a term that is often used in sales contracts to indicate that the seller is not making any warranties about the condition of the goods being sold.
In the case of Jerry and Calvin, the fact that the vehicle was sold "voetstoots" does not mean that Jerry cannot claim against Calvin for the latent defect in the clutch. This is because the warranty against defects is a statutory warranty, and it cannot be excluded by contract.
Jerry will have a claim against Calvin for the latent defect in the clutch. This is because the defect existed at the time of sale, it was not apparent on reasonable inspection, and it made the vehicle unfit for the purpose for which it was intended.
Find out more on latent defects at https://brainly.com/question/31850050
#SPJ4
it is easier for a cities economy to grow in the absence of export activities.
The statement "it is easier for a city's economy to grow in the absence of export activities" is not entirely accurate. While it is true that an economy can grow without exports, exports play a crucial role in the growth of many cities' economies.
In fact, many cities have built their entire economies around exporting goods and services to other countries.
Exports bring in foreign currency and can help to create jobs, as businesses need to hire more workers to meet the demands of foreign customers. Export-oriented businesses often have higher productivity rates, which can lead to higher wages for employees.
This, in turn, can lead to increased consumer spending, which can fuel further economic growth.
Exporting can also encourage innovation and specialization. When businesses focus on exports, they must compete with other countries, which can encourage innovation and the development of new products and services. Specialization can also occur, as businesses focus on their core competencies in order to be more competitive in the global marketplace.
In addition to the benefits of exports, there are also risks associated with relying too heavily on exports. For example, if a city's economy is heavily dependent on exports, it is vulnerable to changes in global demand for its products or services.
A sudden drop in demand can lead to a decline in economic activity, which can lead to job losses and other negative economic outcomes.
In conclusion, while a city's economy can grow without exports, exports can play a critical role in the growth of many cities' economies. Exports bring in foreign currency, create jobs, encourage innovation and specialization, and can lead to increased consumer spending. However, there are also risks associated with relying too heavily on exports.
To know more about economy visit:
https://brainly.com/question/18461883
#SPJ11
The Bank of Canada was established in 1935 and is owned by the chartered banks. True False
False. The Bank of Canada was established in 1934, and it is not owned by chartered banks. The Bank of Canada is a Crown corporation, meaning it is owned by the Canadian government.
- The Bank of Canada was established in 1934, and it is responsible for monetary policy and the issuance of currency in Canada.
- The Bank of Canada is a Crown corporation, meaning it is owned by the Canadian government.
- It is not owned by the chartered banks, but rather works with them to implement monetary policy and ensure the stability of the Canadian financial system.
The Bank of Canada is Canada's central bank, responsible for monetary policy and the issuance of currency in Canada. It was established in 1934, which makes the statement "The Bank of Canada was established in 1935" false. The Bank of Canada is a Crown corporation, meaning it is owned by the Canadian government, not by the chartered banks.
The Bank of Canada's mandate is to "promote the economic and financial welfare of Canada," which it achieves through various means such as setting interest rates, controlling the money supply, and ensuring the stability of the Canadian financial system. The Bank of Canada also works with other central banks around the world to maintain financial stability and support economic growth.
In summary, the Bank of Canada is a key institution in Canada's financial system, responsible for maintaining economic stability and promoting the welfare of Canadians. It was established in 1934, not 1935, and is owned by the Canadian government, not by chartered banks.
To learn more about financial system
https://brainly.com/question/32708260
#SPJ11
Respond to the following in a minimum of 175 words:
Describe the purpose of the five primary financial statements.
Statement of Comprehensive Income
Income Statement
Balance Sheet
Statement of Cash Flows
Statement of Shareholder's Equity
Give an example of a profitability, liquidity, and solvency ratio and explain the components and which financial statement would provide the information.
The five primary financial statements serve as crucial tools for understanding and evaluating the financial performance and position of a company. Each statement provides specific information that aids investors, stakeholders, and analysts in making informed decisions.
1. Statement of Comprehensive Income (also known as the Income Statement or Profit and Loss Statement): This statement presents a summary of revenues, expenses, gains, and losses over a specific period. It showcases the profitability of a company by calculating the net income or net loss after deducting expenses from revenues.
2. Balance Sheet: This statement presents the financial position of a company at a specific point in time. It provides a snapshot of a company's assets, liabilities, and shareholders' equity. The balance sheet illustrates the company's liquidity, solvency, and overall financial health.
3. Statement of Cash Flows: This statement tracks the inflow and outflow of cash and cash equivalents during a specific period. It categorizes cash flows into operating activities, investing activities, and financing activities. It offers insights into a company's liquidity, cash generation, and ability to meet its financial obligations.
4. Statement of Shareholders' Equity: This statement outlines the changes in shareholders' equity over a specific period. It includes components such as share capital, retained earnings, and other comprehensive income. The statement of shareholders' equity reflects the source of funds for the company's operations and investment activities.
Now, let's discuss examples of three important financial ratios and their components:
1. Profitability Ratio: Return on Equity (ROE)
ROE measures a company's ability to generate profit from shareholders' investments. It is calculated by dividing net income by shareholders' equity. The Income Statement provides the necessary information to compute ROE.
2. Liquidity Ratio: Current Ratio
The current ratio assesses a company's ability to meet short-term obligations. It is calculated by dividing current assets by current liabilities. The Balance Sheet provides the data required to calculate this ratio.
3. Solvency Ratio: Debt-to-Equity Ratio
This ratio indicates the proportion of debt financing compared to equity financing. It is calculated by dividing total liabilities by shareholders' equity. The information needed to compute this ratio is available on the Balance Sheet.
In conclusion, the primary financial statements serve distinct purposes, providing valuable insights into a company's financial performance, position, and cash flow. These statements, along with financial ratios, allow stakeholders to assess profitability, liquidity, and solvency, aiding in decision-making processes.
Learn about more financial statements here: brainly.com/question/917245
#SPJ11
when is it acceptable to classify employees exempt from overtime?
are there advantages to classifying employees as exempt? explain
your rationale
If an employee is classified as exempt from overtime, they are not eligible for overtime pay. An employee must meet all of the criteria for exemption to be eligible.
The employer should classify the workers as exempt from overtime if the workers earn more than the minimum wage and perform job duties that meet the definition of exempt work.
This is true if they fulfill any of the exemptions in the Fair Labor Standards Act (FLSA).The following are the exemptions according to the FLSA:
Executive:
For employees who manage two or more employees and have decision-making authority, exempt from overtime pay.
Administrative: For employees whose primary job responsibilities involve administrative work that requires the exercise of discretion and independent judgment, exempt from overtime pay.
To know more about overtime visit:
https://brainly.com/question/28856914
#SPJ11
One lesson you learnt from this class is to invest early. Luckily, your company provides 401 K investment plan, which allows you to invest in Fund AggInv. The fund has an expected return of 12%. Suppose that the expected market return is 10.5% and the risk-free rate is 3% per year. (a) If the CAPM model holds, what is the beta of fund AggInv? (b) If you lower your investment goal and invest over a longer horizon, you may choose a fund SafeP with an expected to return of 7.5% a year, what is the beta of the fund? How much less risk will you bear? (c) In order to spread out your investment risk, you formed a portfolio using the two funds. If your objective is to earn the same return as the market when the market portfolio cannot be invested directly, how would you construct your portfolio? What should be the portfolio beta in this case? (d) Suppose the actually returns of AggInv and SafeP are 11% and 8%, respectively, which fund should you invest from the perspective of over- or under-investment? Under your investment decision, does your investment in the fund have a positive or negative NPV, and why?
Investing early is a vital lesson learnt from this class. The investment can be done through a 401K plan. Suppose the expected market return is 10.5% and the risk-free rate is 3% per year, and the expected return of Fund AggInv is 12%.
Using the CAPM model, the beta of Fund Agg
Inv is:
Beta of fund Agg
Inv = (12 - 3) / (10.5 - 3) = 0.98
The beta of the fund Safe P is:
Beta of fund Safe P = (7.5 - 3) / (10.5 - 3) = 0.51
The amount of risk to be borne by an investor in the case of fund SafeP will be less than that of AggInv due to its lower beta of 0.51.
An investor, to earn the same returns as that of the market portfolio that cannot be invested directly, should form a portfolio using the two funds with a portfolio beta of 1.
The weight of the Agg
In v in the portfolio should be calculated as:
Weight of fund Agg
In v = (1 - 0.51) / (0.98 - 0.51) = 0.69
The weight of fund Safe P in the portfolio should be:
Weight of fund Safe P = 1 - 0.69 = 0.31
In case the actual returns of the AggInv and SafeP are 11% and 8%, respectively, the investor should invest in AggInv from the perspective of over- or under-investment.
The investment in the AggInv fund will have a positive NPV.
To know more about investment visit :
https://brainly.com/question/14921083
#SPJ11
In developing the pro forma income statement we follow four important steps: 1) compute other expenses, 2) determine a production schedule. 3) establish a sales projection, 4) determine profit by completing the actual pro forma statement. What. is the correct order for these four steps? 1, 2,3,4 4,3,2,1 2,1,3,4 3,2,1,4 Question 4 (1 point) In the development of the pro forma financial statements, the second step in the process is the development of the: cash budget. pro forma balance sheet. pro forma income statement. capital budget.
Correct order for the four steps in developing the pro forma income statement: 2, 1, 3, 4.
Step 1: Determine a production schedule.
Step 2: Compute other expenses.
Step 3: Establish a sales projection.
Step 4: Determine profit by completing the actual pro forma statement.
Explanation:
1) Determine a production schedule: This step involves estimating the amount of goods or services that will be produced during a specific period. It helps in forecasting the costs and expenses associated with the production process.
2) Compute other expenses: Once the production schedule is determined, other expenses such as raw material costs, labor costs, overhead costs, and any other relevant expenses need to be calculated. These expenses are essential for accurately estimating the overall costs of production.
3) Establish a sales projection: In this step, sales forecasts are made based on market research, historical data, and other relevant factors. The sales projection provides an estimate of the revenue that the company expects to generate from the sale of its products or services.
4) Determine profit by completing the actual pro forma statement: After the production schedule, other expenses, and sales projection are determined, the pro forma income statement can be prepared. It includes the estimated revenue, costs, and expenses, allowing for the calculation of the projected profit. This statement helps in assessing the financial performance and viability of the business.
In the development of the pro forma financial statements, the second step in the process is the development of the pro forma balance sheet.
For more such questions on income, click on:
https://brainly.com/question/30157678
#SPJ8
PLS DO NOT POST AN ALREADY GIVEN ANSWER TO THIS QUESTION.
DISCUSS ALL RELEVANT LEGAL ISSUES
Review the following scenario and answer accompanying questions.
Marianna's Boat Motor Manufacturing is located in Woodstock, Ontario. It is a non-unionized workplace that manufactures and distributes motors for personal watercraft to retail locations and marinas across Canada. Marianna's employs approximately 200 non-unionized employees. You have been provided the following facts.
Employee #1: Jim has worked for Marina's Boat Manufacturing for five years. His performance appraisals, conducted yearly, were consistently "good" to "excellent". Nearly a year has passed since his last performance review. His manager contacted you to seek assistance with some concerns regarding Jim's performance. Jim's supervisor indicated that there were increasing performance issues. Jim is often on his phone, during busy shifts, at work. Although the employer recognizes some phone use may be necessary the manager believes that the phone use is interfering with production goals. He has not met the individual productivity goals in the last six calculation periods (calculated weekly). The supervisor also told you that Jim's colleagues came forward complaining that Jim smells of cannabis smoke occasionally after lunch.
Employee #2 and #3: Mandy and Darci both work in the assembly plant. Recently, an internal investigation, that followed best practice for investigations, found Mandy and Darci had engaged in misconduct. The investigator found that the pair had stolen materials from the workplace. The materials included lumber, that were on site to create crates to transport the engines. There was also missing metal from the scrap pile. The manager has asked for guidance as to whether termination is possible.
Employee #4: Mohammad has worked for the organization for 4 months. His manager approached you regarding performance issues. Mohammad consistently fails to use the proper procedures for packaging the engines. The manager is frustrated and would like to terminate Mohammad for cause.
Assignment Question:
What advice would you provide, as an HR consultant, for each employee? The response requires that students reference to course materials from multiple modules including legislation and case law.
Pls use relevant case law.
Jim has worked for Marina's Boat Manufacturing for five years. Nearly a year has passed since his last performance review. His manager contacted you to seek assistance with some concerns regarding Jim's performance. Jim's supervisor indicated that there were increasing performance issues.
Although the employer recognizes some phone use may be necessary the manager believes that the phone use is interfering with production goals. He has not met the individual productivity goals in the last six calculation periods (calculated weekly). The supervisor also told you that Jim's colleagues came forward complaining that Jim smells of cannabis smoke occasionally after lunch.
The employer has to re-establish the expectations of performance from Jim and take corrective action through consultation or otherwise. If an employee's performance is below expectations, the employer must address it and try to improve it. An employer must first provide sufficient feedback to the employee, in the form of a verbal or written warning, as well as an opportunity for the employee to address their performance issues before dismissing them.
If Jim was dismissed without any warnings or the opportunity to correct his behavior, it would be seen as an unfair dismissal and could result in litigation. In any event, employers should have policies that prohibit drug use in the workplace, and employers have the right to discipline employees who breach the policy.Employees Mandy and Darci have been accused of theft, and an internal investigation found that they had stolen materials from the workplace.
Mandy and Darci's misconduct is severe enough to warrant dismissal. Mandy and Darci's misconduct is severe enough to warrant dismissal. However, when terminating an employee for cause, the employer must have concrete evidence to support the allegations of wrongdoing and must adhere to the principles of natural justice. Employers must provide employees with notice or pay in lieu of notice when terminating them without cause.
To know more about Manufacturing visit:
https://brainly.com/question/32717570
#SPJ11
What elements are used to track influencer marketing campaigns in real-time? A> Campaigns are not measured in real-time. B> Sales lift is the primary elements tracked C> The increase in social media followers is the main variable that can be tracked. D> Campaign hashtags and campaign account tags are used.
The elements used to track influencer marketing campaigns in real-time are campaign hashtags and campaign account tags. These tags allow you to track engagement, reach, and user-generated content.
Influencer marketing campaigns are an excellent way to get your product or service in front of a new audience. They involve partnering with social media users with a large following to promote your brand.
To track influencer marketing campaigns in real-time, the following elements are used:
1. Campaign hashtags: These are unique hashtags created for the campaign. Influencers and consumers can use these hashtags to track the campaign's performance and see how many people are talking about it.
2. Campaign account tags: These are used to tag the account associated with the influencer marketing campaign. It helps track the campaign's reach and engagement and helps brands measure the success of their influencer marketing campaigns.
3. Engagement: This metric allows brands to track user-generated content. It is a powerful indicator of the campaign's success and helps brands measure the impact of their influencer marketing campaigns.
Influencer marketing campaigns have become increasingly popular in recent years. Brands partner with social media influencers with large followings to promote their products or services. To track influencer marketing campaigns in real-time, brands use various elements, such as campaign hashtags and campaign account tags.
Campaign hashtags are unique hashtags created for the campaign. Influencers and consumers can use these hashtags to track the campaign's performance and see how many people are talking about it. They help brands understand how well their campaigns are performing and provide insights into which influencers are driving the most engagement.
Campaign account tags are used to tag the account associated with the influencer marketing campaign. It helps track the campaign's reach and engagement and helps brands measure the success of their influencer marketing campaigns. Brands can also use the data collected from campaign account tags to identify trends and make data-driven decisions.
Finally, engagement is a powerful metric that allows brands to track user-generated content. It is a powerful indicator of the campaign's success and helps brands measure the impact of their influencer marketing campaigns. Brands can analyze engagement data to understand which types of content are resonating with their audience and optimize future campaigns accordingly.
To learn more about marketing
https://brainly.com/question/27155605
#SPJ11
At a small but growing airport, the local airline company is purchasing a new tractor for a tractor-trailer train to bring luggage to and from the airplanes. A new mechanized luggage system will be installed in 3 years, so the tractor will not be needed after that. However, because it will receive heavy use, so that the running and maintenance costs will increase rapidly as the tractor ages, it may still be more economical to replace the tractor after 1 or 2 years. The following table gives the total net discounted cost associated with purchasing a tractor (purchase price minus trade-in allowance, plus running and maintenance costs) at the end of year i and trading it in at the end of year) (where year is now). Please determine at what times (if any) the tractor should be replaced to minimize the total cost for the tractors over 3 years. $8000 $18000 $10000 1 $31000 $21000 $12000 2 Full Image (42K) 2. (a) Formulate this problem as a shortest-path problem by drawing a network where nodes represent towns, links represent roads. and numbers indicate the length of each link in miles. (b) Use the algorithm described in Sec. 10.3 to solve this shortest- path problem. c (c) Formulate and solve a spreadsheet model for this problem. (d) If each number in the table represented your cost (in dollars) for driving your car from one town to the next, would the an- swer in part (b) or (c) now give your minimum cost route? (e) If each number in the table represented your time in minutes) for driving your car from one town to the next, would the an- swer in part (b) or (e) now give your minimum time route? Full Image (134K) .
Based on the given information, the goal is to determine at what times, if any, the tractor should be replaced to minimize the total cost over 3 years.
To solve this problem, we can analyze the total net discounted cost associated with purchasing a tractor at the end of year i and trading it in at the end of year.To minimize the total cost, we need to identify the years when it is more economical to replace the tractor. We can compare the total net discounted cost of keeping the tractor for each year with the cost of replacing it after 1 or 2 years.
Comparing the costs, we can determine the optimal times to replace the tractor:If we keep the tractor for 1 year, the cost is $31,000.If we keep the tractor for 2 years, the cost is $21,000.From this analysis, we can conclude that it is most economical to replace the tractor after 2 years, as the cost is the lowest at $21,000.In summary, to minimize the total cost of the tractors over 3 years, the tractor should be replaced after 2 years.
To know more about tractor visit:
https://brainly.com/question/14931615
#SPJ11
The money multiplier is \( 3.0 \) and the currency drain ratio is \( 0.2 \). What is the desired reserve ratio? The desired reserve ratio is \( \gg> \) Answer to 1 decimal place.
Money multiplier is defined as the ratio of the change in the money supply to the change in the monetary base. The monetary base is made up of currency held by the public and reserves held by depository institutions.
It is the maximum amount of money that the banking system can generate. It is calculated using the formula given below, Money Multiplier = 1 / Reserve Ratio Here, Reserve Ratio is the fraction of deposits that banks hold in reserve. By manipulating reserve ratios, central banks can alter the money supply. Currency Drain Ratio: Currency drain ratio is the fraction of deposits that is held in the form of currency.
It is the proportion of the monetary base that is held by the public in the form of currency. It is calculated as follows, Currency Drain Ratio = Currency / Deposits Where Currency refers to the amount of currency in circulation, and Deposits refer to the deposits held in banks. Desired Reserve Ratio: We can calculate the desired reserve ratio using the Money multiplier and the Currency Drain Ratio.
To know more about multiplier visit:
https://brainly.com/question/30875464
#SPJ11
chez fred bakery estimates the allowance for uncollectible accounts at 1% of the ending balance of accounts receivable. during 2024, chez fred's credit sales and collections were $116,000 and $131,000, respectively. what was the balance of accounts receivable on january 1, 2024, if $160 in accounts receivable were written off during 2024 and if the allowance account had a balance of $870 on december 31, 2024? multiple choice $31,000 $310 none of these answer choices are correct. $102,160
Using the T-account, the balance of accounts receivable on January 1, 2024, if $160 in accounts receivable were written off during 2024 and if the allowance account had a balance of $870 on December 31, 2024 is C. none of these answer choices are correct.
What is a T-account?A T-account is an accounting tool used to prepare adjusting entries at the end of the accounting period.
Adjusting entries are end-of-the-period journal entries in accordance with the matching principle and the accrual concept of accounting.
Estimated allowance for uncollectible accounts = 1% of ending balance of accounts receivable
Credit sales during 2024 = $116,000
Collections during 2024 = $131,000
Accounts receivable written off during 2024 = $160
T-accounts:
Accounts ReceivableDate Accounts Titles Debit Credit
Jan. 1 Beginning balance $102,160
Dec. 31 Sales Revenue $116,000
Dec. 31 Cash $131,000
Dec. 31 Accounts Receivable $160
Dec. 31 Ending balance $87,000
Allowance for Doubtful AccountsDate Accounts Titles Debit Credit
Dec. 31 Accounts Receivable $160
Dec. 31 Ending balance $870
Ending balance of Accounts Receivable = $87,000 ($870 ÷ 1%)
Thus, the balance of the accounts receivable on January 1, 2024, usiung T-accounts, is $102,160.
Learn more about T-accounts and adjusting entries at brainly.com/question/13933471.
#SPJ4
Which of the following statements would not accurately describe situations related to tax implications of active business income?
Multiple Choice
Active business income would include the selling of professional services.
The payment of salary to a shareholder to reduce income over $500,000 to mitigate the potential of double taxation.
Active business income would not be eligible for refundable tax treatment.
The unused portion of the small business deduction would be available for carry-over to other years.
The following statement does not adequately represent circumstances involving the tax consequences of active business income:
"Paying a shareholder salary to reduce income over $500,000 to reduce the possibility of double taxation."This claim is untrue since paying a shareholder a salary only to lower income exceeding $500,000 is not an effective method of tax planning. Payments should be made in accordance with the services provided and fair market value, as specified by the Income Tax Act's special regulations on the reasonableness of salaries paid to shareholders. It is not permitted to intentionally reduce income through salary payments in order to avoid paying higher tax rates or double taxes.
learn more about adequately here :
https://brainly.com/question/33219802
#SPJ11
which of the following would be a poor quality for a real estate investment to have?
One of the poorest qualities for a real estate investment to have is poor location. The location is a very important factor that affects the value of a property, its potential for appreciation, and its ability to generate income.
A poor location is one that is in a high-crime area, a flood-prone area, or in a location where there are no basic amenities such as schools, hospitals, shops, or public transport. In addition, the location of a property may be subject to environmental concerns, zoning restrictions, or other limitations that can hinder the potential for the property to generate income or appreciate in value.
Poor location means that it will be more difficult to attract tenants or buyers, the property will be harder to sell, and its value may not appreciate over time. Therefore, a poor location is considered to be a low-quality real estate investment.
To know more about limitations visit:
brainly.com/question/12207539
#SPJ11
List some the most obvious impacts of the Leadership Through
Quality program at Xerox.
Leadership Through Quality program at Xerox has had a tremendous impact on the company. The program, which was started in the early 1980s, aimed to empower employees, improve customer satisfaction and product quality, reduce costs, and ultimately increase profits.
Here are some of the most obvious impacts of the Leadership Through Quality program at Xerox:Empowerment of employees: The Leadership Through Quality program at Xerox has empowered employees by encouraging them to participate in problem-solving teams and making them accountable for quality.
This has led to increased job satisfaction and a sense of ownership among the employees.Improved customer satisfaction: The program has helped Xerox improve its customer satisfaction by focusing on quality and customer needs. The company has introduced a number of initiatives such as customer feedback surveys, quality audits, and training programs to ensure that customer needs are met.
Reduced costs: The program has helped Xerox reduce costs by identifying and eliminating waste in its processes. This has helped the company become more efficient and competitive.Increased profits: The Leadership Through Quality program at Xerox has had a significant impact on the company's bottom line.
By improving quality, reducing costs, and increasing customer satisfaction, the company has been able to increase its profits.Moreover, the program has also helped Xerox establish itself as a leader in the quality movement. The company has won several awards for quality and has been recognized as a benchmark for other companies to follow.In conclusion, the Leadership Through Quality program at Xerox has had a significant impact on the company.
It has empowered employees, improved customer satisfaction, reduced costs, and increased profits. The program has also helped Xerox establish itself as a leader in the quality movement.
To know more about Leadership visit:
https://brainly.com/question/32010814
#SPJ11
Development status and tasks. b. Challenges and risks. c. Projected development costs. d. Proprietary issues (patents, trademarks, copyrights, licenses, brand names). a. Incorporating the venture. b. Completion of prototypes. c. Rental of facilities. d. Obtaining critical financing. e. Starting production. f. Obtaining the first sale.
Risk management strategies should be put in place to identify, mitigate, and avoid these risks.
Development status and tasks:
The development status and tasks include the progress of the project and the steps needed to be taken to complete it. These steps may involve the creation of a prototype, obtaining financing, and starting production.
Challenges and risks: This refers to the potential difficulties that the project may encounter. These may include economic, legal, or technical challenges.
Projected development costs: These are the expected costs that will be incurred during the project's development. This includes costs such as research and development, personnel, and facility expenses.
Proprietary issues: These are legal matters that need to be addressed. This may include obtaining patents, trademarks, or copyrights. This is to ensure that the venture is protected from legal issues and intellectual property theft.
Incorporating the venture: This is the process of legally forming a company. This includes registering the business name and obtaining all the necessary legal documents.
Completion of prototypes: This is the stage where the final product is being tested to ensure that it meets all the required specifications.
Rental of facilities: This includes renting space for the production process and other necessary facilities.
Obtaining critical financing: This is a vital part of the venture's development. The entrepreneur needs to ensure that they have adequate funding to get the venture off the ground.
Starting production: This is the final stage of the project, where the product is being produced and prepared for sale.
Obtaining the first sale: This is the goal of every venture. Once the product is ready, it needs to be marketed and sold to the target market.
To know more about the management, visit:
https://brainly.com/question/17640752
#SPJ11
Problem 1: Current (2021) PCI (atlas method) of Bangladesh is $2250. Bangladesh is expected to maintain 7.0% growth in GDP on an average in the coming years since 2020. Average population growth rate is expected to be 1.1% during this time. a) What would be average growth rate of Per capita income? b) In which year Bangladesh will be an upper middle-income country? (threshold is $4096 ) c) How long it will take per capita income to be doubled? d) How long it will take per capita income to be trebled? (Show derivation/calculation for each part)
a) Average growth rate of Per capita income will be 7.0%-1.1% = 5.9% per year.
b) For Bangladesh to become an upper-middle-income country, its per capita income should be more than $4096.Current per capita income of Bangladesh = $2250
Let us assume per capita income will increase by 5.9% per year.
When the per capita income of Bangladesh is $4096, we will have:4109.76 = 2250(1 + 0.059)n
Where n is the number of years to reach $4096.
Solve for n:1.8299 = (1 + 0.059)nln1.8299 = n ln1.059n = ln1.8299/ln1.059n ≈ 22 years after 2021, which means Bangladesh will be an upper-middle-income country in 2043.
c) How long it will take per capita income to be doubled?
In how many years will the per capita income be doubled when the average growth rate of per capita income is 5.9% per year?Per capita income doubles after dividing the doubling time.
Thus, we have:2 = (1 + 0.059)tln
2 = tln(1.059)t
= ln2/ln(1.059)t ≈ 11.7
years after 2021.
d) How long it will take per capita income to be trebled?
Per capita income trebles after dividing the tripling time. Thus, we have:
3 = (1 + 0.059)tln
3 = tln(1.059)t
= ln3/ln(1.059)t ≈ 18.8
years after 2021.
To know more about capita visit :
https://brainly.com/question/31650362
#SPJ11
The table shows the demand and supply schedules for shoes: The market equilibrium is: $80 and 600 pairs $70 and there is a surplus $90 and 700 pairs $100 Question 2 At a price of $60 per pair, there is a in the market. comparative advantage there is not enough information provided surplus shortage From the previous question, describe how the market equilibrium is restored. What happens to the price of a of a pair of shoes? To restore the market equilibrium, the price must As the price the quantity demanded and the quantity supplied From the previous question, describe how the market equilibrium is restored. What happens to To restore the market equilibrium, the price must As the price the quantity demanded The following questions are on the market for bacon. arket equilibrium is restored. What happens to the price of a of a ֻair of shoes? As the price and the quantity supplied [Select] From the previous question, describe how the market equilibrium is restored. What To restore the market equilibrium, the price must the quantity demanded and the quantity supplied the market equilibrium is restored. What happens to the price of a of a pair of shoes? As the price and the quantity supplied
The table below shows the demand and supply schedules for shoes:Price Quantity Demanded Quantity Supplied[tex]$70 500 900 $80 600 600 $90 700 400 $100 800 200[/tex] Market Equilibrium Price:[tex]$80,[/tex] Market Equilibrium Quantity: 600 pairs At a price of [tex]$60[/tex] per pair, there is a shortage in the market.
The quantity demanded is greater than the quantity supplied. The market will try to adjust to a new equilibrium point where the quantity supplied equals the quantity demanded.To restore the market equilibrium, the price must increase. As the price increases, the quantity demanded decreases, and the quantity supplied increases.
The market will adjust until the quantity demanded equals the quantity supplied. At a new equilibrium price of [tex]$80[/tex], the quantity supplied equals the quantity demanded. At this point, the market is in equilibrium.The price of a pair of shoes will increase to [tex]$80[/tex] in order to restore the market equilibrium.
To know more about Equilibrium visit:
https://brainly.com/question/30694482
#SPJ11
Jaleh Mehr is the owner of the retail store 151 Jeans. She purchases jeans from a number of manufacturers to bring great style and fit to her customers. Prepare journal entries for March 2020 to record the following transactions. Assume a perpetual inventory system. Mar. 2 Purchased jeans from Paige Denim under the following terms: $4,200 invoice price, 2/15, n/60, FOB shipping point. 3 Paid $350 for shipping charges on the purchase of March 2. 4 Returned to Paige Denim unacceptable merchandise that had an invoice price of $400. Sent a cheque to Paige Denim for the March 2 purchase, net of the returned merchandise and applicable discount. 18 Purchased jeans from J Brand under the following terms: $9,600 invoice price, 2/10, n/30, FOB destination. 21 After brief negotiations, received from J Brand a $2,100 allowance on the purchase of March 18. 28 Sent a cheque to J Brand paying for the March 18 purchase, net of the discount and the allowance. View transaction list Х > 1 Record purchase of merchandise on credit; terms 2/15, n/60, FOB shipping. pping. 2 Record payment of shipping charges for purchased merchandise. 3 Record entry for return of unacceptable merchandise. 4 Credit Record payment made for merchandise purchased on March 2 within the discount period. 5 Record the purchase of merchandise on credit; terms 2/10, n/30, FOB destination. 6 Record the receipt of an allowance on purchase. Note : = journal entry has been entered Record entry Clear entry View general journal 7 Record the payment on merchandise purchased on March 18 within the discount period. Note : = journal entry has been entered Record entry Clear entry View general journal
On March 2, jeans were purchased from Paige Denim for an invoice price of $4,200. The terms of the purchase were 2/15, n/60, FOB shipping point.
This means that a 2% cash discount is available if payment is made within 15 days, with the full amount due within 60 days. The responsibility for shipping the goods lies with the buyer.
On March 3, a payment of $350 was made for shipping charges associated with the purchase made on March 2. On March 4, unacceptable merchandise with an invoice price of $400 was returned to Paige Denim.
A cheque was sent to Paige Denim, taking into account the returned merchandise and applicable discount, to settle the net amount due for the March 2 purchase.
On March 18, jeans were purchased from J Brand for an invoice price of $9,600. The terms of the purchase were 2/10, n/30, FOB destination. This means that a 2% cash discount is available if payment is made within 10 days, with the full amount due within 30 days. The responsibility for shipping the goods lies with the seller.
On March 21, after negotiations, J Brand provided a $2,100 allowance on the March 18 purchase. On March 28, a cheque was sent to J Brand to settle the net amount due for the March 18 purchase, taking into account the discount and the allowance.
These journal entries reflect the various transactions and ensure accurate record-keeping for 151 Jeans during March 2020, in line with a perpetual inventory system.
Purchase of merchandise on credit from Paige Denim:
Inventory (Jeans) 4,200
Accounts Payable 4,200
Payment of shipping charges:
Accounts Payable 350
Cash 350
Return of unacceptable merchandise to Paige Denim:
Accounts Payable 400
Inventory (Jeans) 400
Payment made for merchandise purchased on March 2 within the discount period:
Accounts Payable 3,800
Cash 3,724 (4,200 - 400 - 76)
Purchase of merchandise on credit from J Brand:
Inventory (Jeans) 9,600
Accounts Payable 9,600
Receipt of allowance on purchase from J Brand:
Accounts Payable 2,100
Inventory (Jeans) 2,100
Payment on merchandise purchased on March 18 within the discount period:
Accounts Payable 7,380 (9,600 - 2,100 - 120)
Cash 7,246 (7,380 - 134)
These journal entries accurately record the transactions and their financial impact on the business.
Learn more about transactions click here:
brainly.com/question/24730931
#SPJ11
List at least 2 benefits of using hybrid methods and data in
marketing research.
Hybrid methods and data are commonly used in marketing research, providing multiple benefits. Two of the benefits of using hybrid methods and data in marketing research are listed below:Improving data accuracy:Hybrid methods are used to improve the accuracy of data in marketing research. In marketing research, data accuracy is important for providing reliable insights.
In this regard, hybrid methods can be useful for combining data from various sources, such as surveys and focus groups, to enhance the accuracy of the data collected. This is because different methods can produce different types of data. By combining data from different methods, researchers can get a better understanding of the market and make better decisions.
This helps in minimizing errors in the data collected, leading to more reliable findings and recommendations.Enhancing data quality:Another benefit of using hybrid methods and data in marketing research is enhancing the quality of data collected. Hybrid methods can help in increasing the quality of data collected by researchers.
To know more about Hybrid visit:
https://brainly.com/question/29020053
#SPJ11
Project integration management enables various processes to work together through proper coordination. This is often achieved by making trade-offs between competing objectives. Explain how trade-offs can be made by selecting the relevant steps and processes a project manager might have to undertake in meeting stakeholder expectations. Use examples from the project management perspective to substantiate your explanation ?
Project integration management refers to the coordination of various processes to work together through proper collaboration. Project managers can make trade-offs by selecting the relevant steps and processes they need to undertake to meet stakeholder expectations.
The following are the steps and processes that a project manager might have to undertake in meeting stakeholder expectations.Initiation: During this phase, the project manager needs to identify the stakeholders, including their requirements and expectations, and align them with the project goals. For example, the project manager can identify the stakeholders who want to complete the project on time, budget, and quality.
Planning: During this phase, the project manager needs to develop the project management plan that outlines how the project will be managed, executed, and monitored and controlled. The project manager can select the relevant steps and processes to ensure that the plan meets the stakeholder's expectations. For example, the project manager can identify the stakeholders who want regular updates on the project progress, budget, and scope execution.Executing: During this phase, the project manager needs to execute the project activities and tasks as per the project management plan. The project manager can select the relevant steps and processes to ensure that the execution of the project meets the stakeholder's expectations.
To know more about management visit:
https://brainly.com/question/32216947
#SPJ11
Long-Term Liabilities Obligations mav not meet the definition of iability beelause of one of the following reasons: Time len 22832
Long-Term Liabilities obligations may not meet the definition of liability due to one of the following reasons: Time length or uncertainty of payment. Long-term liabilities refer to the debts or financial obligations a company owes, which are due over an extended period, typically more than a year.
They include bonds, mortgages, deferred tax liabilities, and long-term leases, among others.The reason Long-Term Liabilities obligations may not meet the definition of liability due to the time length of payment or uncertainty of payment.
Some Long-Term Liabilities that may not meet the definition of liability include customer advances, deferred revenues, and the like. Suppose the company offers services that require payment upfront but provides those services over a longer time. In that case, it may receive payment before the services are rendered.
To know more about Liabilities visit:
https://brainly.com/question/30805836
#SPJ11
Going through a financial intermediary rather than using direct finance can have a number of advantages. Mark ALL of the below that can be seen as a role of intermediaries.
A financial intermediary will develop expertise in evaluating credit risk.
Using a financial intermediary a saver will get advise about who to lend to.
Financial intermediaries can use similar contracts for many loan agreements and can thereby save costs.
Using a financial intermediary, a saver will lower the risk by being exposed to many borrowers.
Financial intermediaries will mediate in a discussion between a borrower and a lender.
Going through a financial intermediary rather than using direct finance can have several advantages. A financial intermediary will develop expertise in evaluating credit risk, provide advice on whom to lend to, and lower the saver's risk by being exposed to multiple borrowers.
Financial intermediaries will mediate a discussion between the borrower and the lender.Financial intermediaries are essential in today's economy since they assist in channeling funds from savers to borrowers, which contributes to economic growth. Financial intermediaries are institutions that serve as middlemen in the process of transferring money from savers to borrowers.
Financial intermediaries play a critical role in bridging the gap between those with surplus funds and those in need of funds. They accept deposits from savers, pool them together, and then lend to borrowers who require funding. Mark the following as a role of intermediaries.
Financial intermediaries develop expertise in evaluating credit risk, which is essential in the credit allocation process. Banks, for example, are adept at evaluating borrowers' creditworthiness using financial ratios and other tools. Thus, depositors who want to lend their money to a reputable borrower may do so through a bank that has already assessed the risk of lending to a particular borrower.
Financial intermediaries offer guidance on whom to lend to since intermediaries have a broad understanding of the economy and have information on borrowers. Savers who want to lend their money to borrowers can receive advice on which borrowers to lend to from financial intermediaries. The role of financial intermediaries is critical in ensuring that savers' funds are allocated to deserving borrowers.
To know more about evaluating credit visit:
https://brainly.com/question/11868837
#SPJ11
The following are Amir’s cash book and bank statement for July 2020.
Date
Transaction
RM
Date
Transaction
RM
Jul 1
Balance b/d
2,000
July 2
Cinta
480
12
Abu
740
14
Ellie
980
17
Laili
1,020
23
Badrul
1,500
25
Aiman
1,240
31
Balance c/d
2,400
30
Cash
360
5,360
5,360
Bank Statement-Amir
Date
Transaction
Debit (RM)
Credit (RM)
Balance (RM)
Jul 1
Balance
2,000
4
Cinta
480
1,520
15
Abu
740
2,260
19
Ellie
980
1,280
21
Dividend
320
1,600
23
Laila
1,020
2,620
31
Bank charges
150
2,470
Required:
An adjusted cash book
A bank reconciliation statement as at 31 July 2020
Amir's adjusted cash book for July 2020 is shown below: Date Transaction RM Balance RM Date Transaction RM Jul 1Balance b/d2,000July 2Cinta480 12Abu740 14Ellie980 17Laili1,020 23Badrul1,500 25Aiman1,240 31Balance c/d2,400Adjustments:Bank charges (150)Add: Unpresented cheques Cinta480Badrul1,500Aiman1,2403,220Bank Statement-Amir Date Transaction Debit (RM)Credit (RM)Balance (RM)Jul
1Balance2,0004 Cinta 4801,52015Abu7402,26019Ellie9801,28021 Dividend 3201,60023Laila1,0202,62031Bank charges1502,470Adjustments:Less: Uncredited cheques Nil Nil Balance per bank statement2,470Balance per cash book2,400Difference 70 RM(RM2,470 - RM2,400)Bank Reconciliation Statement for July 2020Balance per bank statement2,470Add: Uncredited cheques Nil Less: Unpresented cheques3,220Adjusted balance (750)Balance per cash book2,400Less: Bank charges150Adjusted balance (2,550)The adjusted balance in the cash book is less than the adjusted balance in the bank statement by RM750.
learn more about cash here:
https://brainly.com/question/30588084
#SPJ11
