Referring to Schwety, what are total cash disbursements in February?
A) $7.09
B) $8.59
C) $9.75
D) $10.59
E) $11.25
D
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On June 1, Aaron Company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 andan estimated useful life of 3 years and 30,000 hours. Using straight-line depreciation, calculate depreciation expense for the final (partial) year of service
a. $12,500 b. $17,500 c. $40,000 d. $30,000
At the end of March, Weber Productions' accounting records reveal a balance for cash equal to $21,861. However, the balance of cash in the bank at the end of March is only $4,576. Weber is concerned and asks the company's accountant to reconcile the two balances. Examination of the bank statement and company records at the end of March reveals the following information: NSF checks$6,783 Service fees$195Deposits outstanding7,348 Checks outstanding541In addition, Weber owes one of its suppliers $200. During March, the company's accountant mistakenly wrote the check for $1,200. The check was recorded in the company's records for $200 but processed by the bank for $1,200. Weber has contacted the supplier who has agreed to send a $1,000 refund in April directly to the bank. Finally, a petty
cash fund of $2,500 was established during March. This amount was withdrawn from the checking account but not recorded.Required:1. Calculate the correct ending balance of cash at the end of March.2. Discuss any problems you see with the company's cash procedures. What will be an ideal response?
Which of the following is usually expressed in the form of a percentage?
a. rate of interest; b. principal of the note; c. time of the note; d. discount of the note; e. maturity value
The Leadership Grid portrays dimensions of:
A) leadership and management B) motivation and skills C) consideration and structure D) empathy and direction E) recruitment and training