Kiwi World Is a Small Zoo Displaying Native Animals

question 18

Multiple Choice

Kiwi World is a small zoo displaying native animals. The entrance fee is $15 per person. Variable costs of running the zoo are $8 per visitor and fixed costs are $200,000 per annum. The number of visitors that would be needed to make a profit of $20,000 per annum is:

• A) 31,429
• B) 27,500
• C) 1,333
• D) 14,667

Calculate and interpret the days' sales uncollected ratio to evaluate the liquidity of receivables.

Understand the need for and process of bank account reconciliation.

Recognize the documentation involved in cash disbursements and receipts, including invoices, purchase requisitions, and vouchers.

Understand the impacts of outstanding checks, deposits in transit, and other reconciling items on the bank reconciliation process.

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Definitions:

Diagnosed Depression

A medical condition characterized by pervasive feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, diagnosed by a healthcare professional.

Bullied at Work

Experiencing repeated, negative actions from colleagues or superiors in the workplace, which can include verbal, social, or physical abuse.

Gender Disparity

Refers to the difference in treatment or outcomes between genders, often resulting in disparities in opportunities, wages, and social status.

Social Discounting Bias

A cognitive bias where people undervalue the benefits or harms of their actions on others who are socially distant.