if ngs also has $240 of petty cash and $1,000 invested in government treasury bills purchased in august, what is the amount of cash and cash equivalents on ngs’s december 31 balance sheet?

Answers

Answer 1

If NGO has $240 of petty cash and $1,000 invested in government treasury bills purchased in August, then the amount of cash and cash equivalent on the NGO in the December 31 balance sheet is $1,240.

To determine the amount of cash and cash equivalents on NGS's December 31 balance sheet, we need to add up the balances of all cash and cash equivalents accounts.

NGS's petty cash balance of $240 is a cash equivalent, and the $1,000 invested in government treasury bills is considered a cash equivalent as well because it can be easily converted into cash.

Therefore, the total amount of cash and cash equivalents on NGS's December 31 balance sheet is:

Petty cash balance = $240

Investment in government treasury bills = $1,000

Total cash and cash equivalents = Petty cash balance + Investment in government treasury bills

= $240 + $1,000

= $1,240

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Related Questions

Which type of business ownership has limited liability?
Partnership
Sole proprietorship
Corporation
None of the above

Answers

Partnership hope it’s right

The cover letter should _____.
a.
be a minimum of two pages in length
b.
never ask for an interview
c.
introduce you to an employer
d.
include your family history

Answers

Answer:

C, introduce you to an employer

Explanation:

an introduction is needed before looking into any sort of info [for a better understanding, an example would be how you have your name on the cover of your notebook before looking into your actual notes.]

Answer:

Explanation:

Q Use the drop-down menus to identify which vocabulary terms match the definitions.

1) (Short-term/ long-term ) goals are goals that a person means to accomplish in the near
future, such as in a day, a week, or a month.

2) (Short-term/ long-term ) goals are goals that a person means to accomplish in a longer period of time, such as in a semester, a year, or ten years.

3) Setting a (professional goal/personal goal ) involves determining something in your career that you would like to achieve, such as a promotion, within a set timeframe.

Answers

Answer:

1) → Short-term goals are goals that a person means to accomplish in the near future, such as in a day, a week, or a month.

2) → long-term goals are goals that a person means to accomplish in the near

future, such as in a day, a week, or a month.

3) → Setting a professional goal involves determining something in your career that you would like to achieve, such as a promotion, within a set timeframe.

OAmalOHopeO

Short-term

long-term

professional goal

Why do you think a higher percentage of those over 35 years old invest in the market compared to those under 35? Help please!

Answers

Answer:

Yes I think those over 35 invest in a market compared to people not 35, because they been though school, and have more experience in the market company.

Explanation:

Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.

Answers

Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.

Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.

While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.

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Suppose that using the centroid method you found the best location for a communications tower. The location happens to be in the middle of a pond. Then, you should locate the tower.

Answers

After taking into account qualitative elements like geography, roads, and utilities to help find the precise location, You should locate the tower using the centroid method.

What is centroid method?

The centroid technique can be used by businesses to locate locations for manufacturing and other production-related operations. The ultimate goal of this strategy is to use mathematical formulas to decrease shipping expenses, shipping times, or both in relation to profits.

You must first determine the facilities that will be mapped against the new facility in order to properly use the centroid technique.

Next, find the coordinates of these facilities by plotting them on a two-dimensional grid, using graph paper or a similar digital mapping system.

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multiple choice
1. informs the reader of where each section of the plan is located
2. provides an overview of the business
3. includes a description of the good or service, goals, mission and vision statements, and proposed location
4. describes the organizational structure of the business and the management team.
5. includes documents to support the plan, such as resumes and financial statements
6. describes start up capital and source of funds
7. presents the name of the company, the owner, and the date the plan is presented
8. List the resources that were used to develop the business plan
9. summarizes why the business will be successful and request financing
10. describes industry conditions, economic conditions, and competition, and specifies the target market
the choices are A. appendices B.bibliography C. Business description D. conclusion E. executive summary F. Financial plan G. market evaluation H. operations I. table of contents and J. Title page

Answers

Answer:

1. I

2. E

3. C

4. H

5. A

6. F

7. J

8. B

9. D.

10. G

Explanation:

1. Table of contents: informs the reader of where each section of the plan is located.

2. Executive summary: provides an overview of the business.

3. Business description: includes a description of the good or service, goals, mission and vision statements, and proposed location.

4. Operations: describes the organizational structure of the business and the management team.

5. Appendices: includes documents to support the plan, such as resumes and financial statements.

6. Financial plan: describes start up capital and source of funds.

7. Title page: presents the name of the company, the owner, and the date the plan is presented.

8. Bibliography: List the resources that were used to develop the business plan.

9. Conclusion: summarizes why the business will be successful and request financing.

10. Market evaluation: describes industry conditions, economic conditions, and competition, and specifies the target market the choices are.

Why do LLCs often have problems borrowing funds for business growth? Because the partners and directors of the LLC do not share responsibility for the debts of the LLC Because the members of the LLC are not personally liable for the debts and loans received by the LLC Because members of the LLC cannot legally authorize the business to create debt or to borrow money Because an LLC can only issue stock certificates to members of the company SAVE AND CONTINUE

Answers

A legal structure known as limited liability allows an organization's loss to be limited to the amount invested in a partnership. Because an LLC can only issue stock certificates to members of the company . Option D is correct .

How Does Limited Liability Work?

Private assets of owners and investors are not at risk in the event of the company's failure. It is known as a "gesellschaft mit beschränkter Haftung" (GmbH) in Germany.

One of the greatest advantages of investing in publicly traded businesses is the limited liability feature. A shareholder can fully participate in a company's growth, but their liability is limited to the amount they invested, even if the company later goes bankrupt and still owes money. When an individual or a business operates with limited liability, assets belonging to the associated individuals cannot be seized in an effort to repay the company's debt obligations. Direct investments, like the purchase of company stock, are considered assets of the company in question and are subject to seizure in the event of bankruptcy.

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1) which of the following is not a condition of perfectly competitive markets? group of answer choices a) a large number of firms b) firms that set prices c) no barriers to entry d) profit-maximizing firms

Answers

b) firms that set prices

Firms that set prices is not a condition of perfectly competitive markets.

The material conditional (additionally called cloth implication) is an operation usually utilized in good judgment. when the conditional symbol {displaystyle rightarrow }rightarrow is interpreted as cloth implication, a components {displaystyle Prightarrow Q}{displaystyle Prightarrow Q} is genuine except {displaystyle P}P is true and {displaystyle Q}Q is fake. fabric implication also can be characterized inferentially through modus ponens, modus tollens, conditional proof, and classical reductio ad absurdum. fabric implication is used in all the simple structures of classical good judgment in addition to some nonclassical logics. it's miles assumed as a model of correct conditional reasoning within arithmetic and serves as the basis for commands in lots of programming languages.

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Privatisation refers to ....

A)Transfer of assets from people to government

B)Transfer of assets from public to private

C)Transfer of assets from corporate to public

D)Transfer of assets from corporate to government

Answers

Answer:

B)Transfer of assets from public to private

Explanation:

the government no longer owns the asset and it is traded to the private sector or when the company is taken over by a few people.

Using films of worker’s activities to identify areas for improvement, is the essential description of Frank and Lillian Gilbreth's work.

Describe the Frank and Lillian Gilbreth hypothesis.Fundamentally, according to Frank and Lillian, a productive workplace depends on employees who are happy and healthy. Finding a technique for optimization that would increase sales without jeopardizing employee health, safety, or happiness was given top priority.Frank (1868–1924) and Lillian Gilbreth (1878–1972) brought together two of the major schools of management thought from the previous century. On the one side, they continued Frederick Winslow Taylor's groundbreaking time and motion investigations, and on the other, they created the field of organizational psychology.In order to alleviate weariness and improve employee productivity, these publications argued that improved ergonomic working conditions were necessary.

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In your job as an agent, you receive a monthly salary of $500 plus 3% commission on all of your listings that sell and 2.5% of all of your sales. None of the listings you took sold last month, but you received $7,350 in salary and commission. What was the value of the property you sold

Answers

274,000 to my calculations

What is the percentage increase in sales from the preceding year to the current year (rounded to one decimal place)?a.22.6%b.29.1%c.51.7%d.6.6%

Answers

The percentage increase in the given sales data for a company from the preceding year to the current year is 29.1%. Hence option (b) is the answer. A company's capacity to produce income through sales is gauged by its sales growth rate over a fixed period of time.

What is the typical rate of sales growth?

The change in revenue over a predetermined time period is measured by sales growth. The rate of growth—positive or negative—of a corporation can be seen by comparing the revenue between two fiscal quarters.

Many businesses decide to calculate their sales growth rate as the average annual sales growth rate, which is a measure of how much their sales have increased over a period of years. When calculating sales growth, take the net sales of the previous period and subtract them from the current period's net sales. Divide the outcome by the prior period's net sales after that. To find the percentage increase in sales, multiply the figure by 100.

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The complete question is:

Assume the following sales data for a company:

Current Year $831,595 Preceding Year 644,074

What is the percentage increase in sales from the preceding year to the current year (rounded to one decimal place)?a.22.6%b.29.1%c.51.7%d.6.6%

What is meant by the phrase “Keeping up with the Joneses”?

a
This phrase refers to the human behavior of wanting to spend more because we see others around us spending more and enjoying goods and services that we think we would enjoy as well.
b
This phrase refers to the concept of saving up for only your needs in your budget, not your wants.
c
This phrase refers to the annual event in August where investors compete with each other to see who can beat the market.
d
This phrase refers to the newest reality television show that demonstrates the effect of saving early and often.

Answers

Answer:

D This phrase refers to the newest reality television show that demonstrates the effect of saving early and often.

Assigning costs to ending inventory unit counts, on financial statements would be of interest to accountants.

Each month, the accountant's primary responsibility is to allocate expenditures to ending inventory unit counts.

The first in, first out (FIFO) and last in, first out (LIFO) layering systems are used in the fundamental notion of cost layering, which requires monitoring tranches of inventory costs. Assigning a standard cost rather than a historical cost to each inventory item is an alternative strategy.

Therefore, Assigning costs to ending inventory would be of interest to accountants.

Inventory, and what kinds are there?

Both the products that are on hand for sale and the raw materials utilised to make those products are included in inventory. In a company's balance sheet, it is shown as a current asset. Raw materials, works-in-progress, and completed commodities are the three categories of inventory.

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what refers to actions by franchisors to void the contracts of franchisees in order to sell the franchise to someone else and collect an additional fee?

Answers

The term that refers to actions by franchisers to void the contracts of franchisees in order to sell the franchise to someone else and collect an additional fee is "churning."

Churning occurs when a franchisor intentionally terminates or forces franchisees out of their contracts in order to resell the franchise to new individuals, often with the goal of generating additional fees or royalties. This practice is generally considered unethical and can lead to legal disputes between the franchisor and franchisee.. This practice is generally considered unethical and unfair to the franchisees involved. It can disrupt the business operations of existing franchisees and undermine the trust and stability of the franchising relationship.

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Which of the following is not an example of appropriate business etiquette?

Greet everyone cordially, warmly, professionally, and with eye contact.
Dress appropriately and professionally and practice good hygiene.
Arrive at appointments within fifteen minutes of the scheduled time.
Pay attention to the person to whom you are speaking and learn their name.

Answers

Answer: Arriving at appointments within fifteen minutes of the scheduled time. This is not an example of appropriate business etiquette as it suggests arriving late or not on time. A person should arrive on time or a few minutes early for a business appointment.

1.+westside+is+considering+a+5%+price+cut+without+additional+fixed+cost.+by+what+%+would+sales+need+to+increase+to+keep+profit+constant+for+the+5%+price+cut?

Answers

To determine the percentage by which sales would need to increase in order to keep profit constant for a 5% price cut, we can use the formula:

Percentage increase in sales = (Percentage price cut) / (1 - Percentage price cut)
In this case, the percentage price cut is 5%. Plugging this value into the formula:
Percentage increase in sales = 5% / (1 - 5%)
Simplifying this equation, we have:
Percentage increase in sales = 5% / 0.95

Calculating this, we find that the percentage increase in sales needed to keep profit constant for the 5% price cut is approximately 5.26%.Therefore, sales would need to increase by approximately 5.26% in order to offset the 5% price cut and maintain a constant profit.

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net income or loss can be calculated by taking the difference between the debit and credit columns in the income statement section of the worksheet, and verified by:

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Net income or loss can be calculated by taking the difference between the debit and credit columns in the income statement section of the worksheet, and verified by comparing it to the total net income or loss that is listed at the bottom of the income statement.

1. Comparing the net income or loss to the prior year's income statement.

2. Verifying that any non-operating revenue or expense items are correctly classified.

3. Comparing the net income or loss to the owner's equity account.

4. Confirming that all revenue, expense, and cost of goods sold accounts have been correctly closed.

5. Analyzing the cost of goods sold and operating expenses to ensure accuracy.

6. Verifying that any balance sheet accounts that are related to income or expenses have been correctly adjusted.

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the introduction of money into an economy eliminates the double coincidence of wants. true false

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True. The introduction of money into an economy eliminates the double coincidence of wants.

Before the advent of money, a barter system was used, where goods or services were exchanged directly for other goods or services. In such a system, for a trade to occur, there had to be a mutual desire between two parties, known as the double coincidence of wants. Both parties had to have something the other desired and were willing to exchange.

However, with the introduction of money, a universally accepted medium of exchange, individuals can trade goods or services for money and then use that money to acquire other goods or services from anyone in the economy. Money acts as an intermediary, facilitating transactions and eliminating the need for a direct match of desires between trading partners. This makes transactions more efficient and allows for greater flexibility in economic interactions, ultimately enhancing economic activity.

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Analyzing Credit Card Offers Answer Questions 1-4 pls

Answers

Offer #1 has the lowest annual fee as it has none.

Offer #3 has the best introductory rate as it has 0% APR for 15 months.

Offer #1 has the lowest interest rate as it has not been provided with an APR.

Offer #1 would be the best for someone who carries a balance as it has no annual fee, and the APR has not been provided. This means that the interest rate for the card will likely be lower than the other two offers. However, if the individual is looking for a rewards program, Offer #2 may be a better choice as it offers 3% cash back on all purchases.

However, if the person is planning to make a large purchase and pay it off within the introductory period, then Offer #3 with 0% APR for 15 months and 3% cash back on all purchases might be a better option.

It is important to note that these credit card offers have other terms and conditions that should be carefully considered before making a decision, such as the credit line, late fees, and rewards program. The individual's spending habits, credit score, and financial goals should also be taken into account when choosing a credit card.

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If you use a student loan to pay for college and drop out, the student loan:
a) disappears because you did not finish college
b) become proportional to how long you stayed in school
c) doubles
d) stays the same. you have to pay the loan whether or not you finish school

Answers

option D, "stays the same. you have to pay the loan whether or not you finish school" is the correct answer.

Why is it?

You use a student loan to pay for college and drop out, you are still responsible for repaying the loan regardless of whether or not you finished school.

The loan does not disappear, nor does it become proportional to how long you stayed in school or double. When you take out a student loan, you sign a loan agreement with the lender that specifies the terms of the loan, including the repayment terms.

Dropping out of college does not change the terms of the agreement, and you are still obligated to repay the full amount of the loan, plus any accrued interest.

Therefore, it is important to consider the financial implications of taking out a student loan and to have a plan for repayment, even if you do not complete your degree.

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