what is a cash book used for?​

Answers

Answer 1

Answer:

to keep track of all business transactions in case of an audit

Answer 2
A cash book is a financial journal that contains all cash receipts and disbursements, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger

Related Questions


Dakota earns $8.70 an hour for 37
Per month
hour week. How much is earned per week?

Answers

Answer:

$321.90

Explanation:

1. Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. A. Supplies actual count at year end, $6,500 B. Remaining unexpired insurance, $6,000 C. Remaining unearned service revenue, $1,200 D. Salaries owed to employees, $2,400 E. Depreciation on property plant and equipment, $18,000

Answers

Answer and Explanation:

The adjusting entries are shown below"

A. Supplies Expense $1,000 ($7,500 - $6,500)

          To Supplies  $1,000

(Being the Supplies Expense is adjusted)  

B. Insurance Expense $18,000 ($24,000 - $6,000)

      To Prepaid Insurance  $18,000

(Being  Insurance Expense is adjusted)  

C. Unearned Service Revenue $1,800 ($3,000 - $1,200)

        To Service Revenue  $1,800

(Being Service Revenue is adjusted)  

D. Salaries Expense $2,400  

          To Salaries Payable  $2,400

(being Salaries Expense is adjusted)  

E. Depreciation Expense $18,000  

       To Accumulated Depreciation-  Property Plant and Equipment  $18,000

(Being Depreciation Expense is adjusted)  

Wilson Co. has three segments -- Tennis, Golf, and Fishing. The Tennis segment is currently producing 2,000 units annually. The units sell for $200 each. The cost of each unit Wilson produces is $110. The Tennis segment spends $100,000 on product design each year. The segment also is allocated $200,000 of annual facility-level costs. Calculate the differential revenue if Wilson Co. were to eliminate the Tennis segment. Multiple choice question. $200,000 $400,000 $100,000 $180,000

Answers

Answer:

$400,000

Explanation:

Calculation to determine the differential revenue if Wilson Co. were to eliminate the Tennis segment

Differential revenue= $200x2,000 units

Differential revenue= $400,000

Therefore the differential revenue if Wilson Co. were to eliminate the Tennis segment will be $400,000

Define general banking services offered by financial institutions

Answers

The services most often provided include a variety of checking accounts, saving accounts, certificates of deposit, and loans, including car loans and home mortgages. Additional services may include safe deposit boxes and investment-related services.

ABC Corporation, has an issue of preferred stock outstanding that pays a $2.50 dividend every year in perpetuity. This stock issue currently sells for $75 per share. What is the required return for this preferred stock?

Answers

Answer:

the required return on the preferred stock is 3.33%

Explanation:

The computation of the required return on the preferred stock is shown below:

= Dividend ÷ Selling price per share

= $2.50 ÷ $75

= 3.33%

Hence, the required return on the preferred stock is 3.33%

We simply applied the above formula

All of the following shift the demand curve for automobiles to the right except:
a. the local factory gives a big raise to its employees
b. a brand new automobile dealership opens in town
c. the price of gasoline falls
d. none of the above​

Answers

Answer:

b. a brand new automobile dealership opens in town

Explanation:

All of the following shift the demand curve for automobiles to the right except: "a brand new automobile dealership opens in town."

The above statement is true because when a shift in the demand curve moves to the right, there is an increase in the quantity demanded, which can be caused by some factors such as:

increase in income,

growth in the price of a substitute or decrease in the price of a complement.

Hence, considering the available options in the question, the correct answer is " a brand new automobile dealership opens in town."

what are some good outdoor thing to do outside for the summer
list as many as can

Answers

Answer:

biking

swimming

walking

learning something new

being with friends

sports

hiking

going on a trip

making something

William is a 38-year-old computer systems executive. He has come to a point in his life where he is reassessing his ambitions and personal life. He attends professional development conferences regularly and is working on an MBA. Although he eats a low-fat diet and exercises regularly, he works 70-80 hours a week, seldom sees his children except after they are in bed, does not visit his place of worship except on religious holidays, and feels as though his wife is a stranger. William believes that if he can earn just 20 percent more, he can relax because his family will be financially secure.
Refer to Case 17.1. In order to attain a "right livelihood," William needs to
A. get promoted so he can delegate more of his work.
B. lose weight and get in better shape.
C. de-emphasize the spiritual side of his life.
D. make a conscious choice to do so.

Answers

Answer: D. make a conscious choice to do so

Explanation:

Based on the information given, in order to attain a "right livelihood," William needs to make a conscious choice to do so.

Option A is wrong as getting promoted so he can delegate more of his work doesn't guarantee him that he'll relax more and enjoy right livelihood. When he's promoted, he'll have more work and this means that there'll be more responsibility. This will hinder him from enjoying right livelihood.

Option B and C are wrong as well as losing weight and getting in better shape and also de-emphasize the spiritual side of his life doesn't make one enjoy right livelihood.

Option D is the correct answer as he should make a conscious choice to attain the right livelihood and have enough rest that he desires.

explain four functions money must be able to preform

Answers

Explanation:

1for shelter, without money you cannot buy food stuff etc

2for clothing, without money no you cannot buy clothes

3for house rents 4 hospital fees

in conclusion money function s everything's with it their no function

medium of exchange

measure of value

a store of value

Goodstone Tire Corporation sells tires for $100 each. Per unit costs associated with producing and selling the tires are: Direct materials and labor $45; Factory overhead $20; Selling and administrative $15. The variable portion of the factory overhead is $8 per unit. A foreign company wants to purchase 10,000 tires for $70 each. The order would not require any selling or administrative costs. The purchaser will pay the shipping costs, but Goodstone will have to pay a $100,000 inspection fee in order to be able to make the foreign sale. Accepting the special order will not affect current sales or production. What effect would accepting the special order have on Goodstone's net operating income

Answers

Answer:

Goodstone's net operating income will increase by $70,000.

Explanation:

Goodstone Tire Corporation

Analysis of accepting special order

Sales ($70 x 10,000)                                                                $700,000

Less Variable Expenses :

Direct materials and labor ($45 x 10,000)      $450,000

Variable Factory overhead ($8 x 10,000)         $80,000

Inspection fee                                                   $100,000      ($630,000)

Net Income (Loss)                                                                      $70,000

Conclusion

Goodstone's net operating income will increase by $70,000.

Answer:Decrease by $15000

Explanation:

Number one victory Royale yeah fork knife we about to get down get down 10 kills on the board right now oh no my just got downed I revived him now we’re heading south bound.......

10 points

Answers

Answer:

Now we're in the Pleasant Park streets

Look at the map, go to the marked sheet

The single greatest benefit that capitalism provides is that it enables human choice. Capitalism establishes a social contract that makes it possible for individuals to exercise their franchise and free agency. It gives people the ability to be secure in themselves and their possessions and, having provided security, it enables people to assume risk that they were previously unwilling to assume. It creates the necessary conditions for people to escape poverty and create wealth for themselves and for others. Read a quotation by Roger Butters, a twenty-first-century economist. Both Adam Smith and Butters would agree that capitalism allows the government to help individuals. protects workers from unfair practices. provides individuals with freedom of choice. helps entrepreneurs avoid risk and danger.

Answers

Answer:

provides individuals with freedom of choice.

Explanation:

Adam Smith

is a renowned Scottish economist who wrote "The Wealth of Nations"and established the foundation principles of capitalism.

Capitalism

Is simply defined as an economic system that uses on open competition in a free market, whereby individuals and companies own the means of production and operate for profit.

It gives room for individuals and private businesses to decide most of economic matters. It has led to the development of mercantilism, international trade, rise of the middle class and others.

Benefits of capitalism includes individual freedom is closely related to economic freedom, market economies produce a huge variety of goods and others.

Answer:

The person above me is correct, I just took the test

Explanation:

Trust.

What are two ways you can show initiative at home or at school?

Answers

Answer:

Explanation:

You can take initiative at home when you keep your room clean or make your bed. Getting your homework done without reminders from parents .

SCHOOL.

Involve Yourself in Classroom Discussions.  

Join Clubs, Teams or Organizations.  

Volunteer for things at school.

HOPE THIS HELPED!!!

You own an office supply store. You purchase desk
lamps at a wholesale cost of $14 each. You use a
markup of 45 percent to determine the selling (retail) price. At the end of the season, you offer a discount
price using a markdown of 20 percent of the selling
price. The discount price for desk lamps is

Answers

Answer:

$16.24

Explanation:

Giving brainliest to the best answer :)

Answers

Answer:

B. a brand new automobile dealership opens in town.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal.

Thus, there exist a negative relationship between the quantity of goods demanded and the price of a good i.e when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.

This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.

An aggregate demand curve gives a negative relationship between the aggregate price level for goods or services and the quantity of aggregate output demanded in an economy at a specific period of time.

Most economists use the aggregate demand and aggregate supply model primarily to analyze short-run fluctuations in the economy.

This simply means that, whatever makes the factors of production such as, land, labor, entrepreneurship, capital, or efficiency to either go up or down would certainly result in fluctuations in the economy of a particular country. Similarly, a positive increase of the aggregate demand or supply curve results in a rightward shift while a decrease would cause a leftward shift.

In this scenario, the factors which would shift the demand curve for automobile are;

I. A fall in the price of gasoline.

II. An increase in the amount of money being paid to its workers.

However, the demand curve for automobile wouldn't shift to the right because a brand new automobile dealership opens in town. This is more likely to shift the aggregate supply curve to the right.

employees rarely arrive and leave exactly on the quarter hour so it would make sense to round employee arrival times to the nearest quarter hour?
A. False
B. True
Please be right

Answers

false !!!!!!!!!!!!!!!!!
it is false for sure

hi please give me your opinion. help me :-[

2. Do young people still eat lots of traditional types of food?
Why / Why not?​

lol i accidentally put the subject as business. i am very desperate to get the answer :,-)

Answers

Answer:

nope coz we are living in modern lives whereby they are foods with spieses but some do because they don't wanna forget their tradition

Answer:

Yes, young people do like to eat traditional food because they love the traditional flavor and this also helps them to understand the culture of a place.

mark me as brainliest plz.

Which plan would most likely NOT help you reach the savings needed for college? ​

Answers

D. Start saving about two months before college begins

How do objectives make it more likely that you will reach your goals?
.A.Objectives are based on others' experiences.
.B.Objectives provide a step-by-step path to success.
.C.Objectives are the best way to assess your interests.
.D.Objectives help guide your career choices.

Answers

Answer:B.Objectives provide a step-by-step path to success.

Explanation:

How effective do you think ads are in facilitating need recognition? Explain.

Answers

Ads can be effective in many ways for customers and businesses... businesses can reach out to new customers and gain money. Personalised ads could help customers needs, in order to purchase what they require by locating them to the correct site.

Which of the characteristics below BEST describes the treatment of investment interest expense? (Check all that apply.) Multiple select question. This expense is NOT deductible. Any amount of this expense that is NOT able to be deducted in the current year cannot be carried forward. The interest deduction is limited to the taxpayer's net investment income for the year. This expense is deductible as an itemized deduction in the interest expense category. This expense is deductible as a for AGI deduction (adjustment) Any amount of this expense that is NOT deducted in the current year due to the investment income limitations may be carried forward indefinitely.

Answers

Answer:

The interest deduction is limited to the taxpayer's net investment income for the year.

Any amount of this expense that is NOT deducted in the current year due to the investment income limitations may be carried forward indefinitely.

This expense is deductible as an itemized deduction in the interest expense category.

Explanation:

The following are the attributed related to the investment treatment for the interest expense

a. The deduction related to the interest would be limited to the net investment income of the taxpayer

b. If any amount i.e. non-deductible so it would be carried forward for an indefinite period

c. Also if an expense is deductible so it would be classified in an interest expense and treated as an itemized deduction

Periodic vs.Perpetual Inventory Accounting Multiple Choice Periodic Inventory Accounting results in a higher Cost of Goods Sold than Perpetual Inventory Accounting Sometimes Periodic Inventory Accounting results in a lower Cost of Goods Sold than Perpetual Inventory Accounting and sometimes Periodic Inventory Accounting results in a higher Cost of Goods Sold than Perpetual Inventory Accounting Periodic Inventory Accounting results in a lower Cost of Goods Sold than Perpetual Inventory Accounting Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold

Answers

Answer:

Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold.

Explanation:

A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.

A perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).

Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft etc. Also, the periodic system of inventory is a function of the cost of goods sold.

Hence, both Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold.

Can someone PLEASE PLEASE HELP ME WITH THIS!!!!!

Answers

Answer:

1. Consumer.

2. Producer.

3. Transportation.

4. Marketing.

5. Harvesting.

6. Processing.

7. Retail/food service.

Explanation:

Food supply continuum can be defined as a cycle of how livestock (animal products) moves from the producer to the consumers. The main goal of the food supply continuum is to safely provide quality animal products to the consumers.

Basically, the seven (7) steps or segments in the food supply continuum include the following;

1. The segment which is responsible for safe handling of the animal product (beef, pork, lamb) in their homes is the consumer.

2. The producer is responsible for raising a healthy animal.

3. The segment which carries the animal from the farm to the market is transportation.

4. The segment which sells the animal to the packer is marketing.

5. The segment which harvests the animal is harvesting. It involves the slaughtering of the animal.

6. The segment which processes the carcasses into retail cuts is processing.

7. The segment which involves a negotiator is the retail/food service.

Select the examples of Buying and Merchandising workplaces. Check all that apply.

warehouses
customers’ offices
grocery stores
clothing stores
offices
theaters

Answers

Answer:

2,3,4,5

Explanation:

...

Answer:

they are correct

Explanation:

As a student, you are able to earn extra money by assisting your neighbors with odd jobs.
If you charged $13.25 an hour for your assistance, about how many hours would you
need to work to earn $11,425? Show your work.

Answers

Answer:

about 862.26 hours

Explanation:

you just divide 11,425÷13.25 which you can solve on calculator or phone and that's your answer I HOPE IT HELPED

Select a topic and develop a curriculum targeted to 6th-grade students.

Provide an outline of the material and how it will be presented.

Defend your reasoning for the mode of delivery that was selected.

Submit a 450-word response about the topic, curriculum, material outline, and presentation method.

Answers

Explanation:

Provide an outline of the material and how it will be presented.

is the correct answer .

hope it is helpful to you☺️☺️☺️

Imagine that you earned $14,425 in one year. If the government enforces a 1596 income
tax, how much money would you owe in taxes at the end of the year? Show your work.

Answers

Answer: $‭2,302.23‬

Explanation:

Assuming the tax rate is 15.96%.

Tax is paid to the government to enable it take care of the nation's public needs.

Money owed in taxes = Annual earnings * Income tax rate

= 14,425 * 15.96%

= $‭2,302.23‬

The overall value of a brand to an organization the extra money that consumers will spend to buy that brand is called
brand
a. equity
b.experience
c. awareness
d. extension

Answers

Answer:

Extension is the answer

Which of the following is the next step an employee would take once he or she has identified a security attack? The employee would call for immediate evacuation of the building. The employee would log the security attack and get back to his or her work. The employee would try to deal with the attack on his or her own and then notify a response team once the attack has been stopped. The employee would contact a response team.

Answers

Answer:

If we talking about a cyber security then The employee would contact a response team I think

Discuss the following ways of adapting to the challenges of the business environments: Lobbying​

Answers

it win or loose twfecbdkdhxfsftsushe

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