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Question - The cash account in the current asset section of the balance sheet of BTS Company consist of: Petty cash fund (of which P1,200 is in the form of paid vouchers)- P5,000; Bond sinking fund- P100,000; Receivables for employees- P6,000; Checking account in Hybe Bank, per bank statement (including checks outstanding of P3,100)- P243,000; Currencies and coins awaiting deposit- P52,000; Deposit in bank closed by Central Bank- P60,000. What the correct cash account balance for the balance sheet?
Insolvency carries out a capital increase. Is this a signal? Why? What criteria can you identify as being necessary for a decision to be described as a signal?
Tawstir Corporation has 500 obsolete personal computers that are carried in inventory at a total cost of $720,000. If these computers are upgraded at a total cost of $190,000, they can be sold for a total of $250,000. What is the net advantage or dis..
Is the above variance report useful for evaluating how well revenues and costs were controlled during April? Why, or why not?
July 15 Borrowed $5,000 cash from the bank, giving a 60-day non-interest-bearing note. The note is discounted 12% by the bank.
If your bank pays you 5% annual interest, compounded monthly, how much would you have in ten years if you invest $1,000 today?
Write a one-half page report to a local not-for-profit organization or government agency offering a solution to the use it or lose it budgeting problem.
Determine the annual pretax return to Slimware if the firm can earn 9% on any funds released from employing the zero-balance system? Assume the company has 52 weekly pay periods each year.
Identify and explain the deficiencies in the statement prepared by the company's accountant. Include in your answer items that require additional disclosure, either on the face of the statement or in a note.
If he currently has $8,500, what annual interest rate compounded each month does he need to earn on his account to reach that goal?
What is the effect of this on the Sample Inn's projected occupancy? Look at the Additions to Supply sheet of the RNAADR program.
Book Value (Shareholder's Equity) Per share of $15 and net income of $25 million. If the stock is currently trading at $30. The Return on Equity is
On Dec. 31, 2019, what amount should be reported as cash under current assets? Check drawn against Thor's account, payable to supplier, dated and recorded
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