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2 years ago

Which of the following would be added to the balance per books on a bank reconciliation?

Business

1 answer:

FrozenT [24]2 years ago

4 0

Deposits in transit would be added to the balance per book on a bank reconciliation.

<h3>What is Bank reconciliation?</h3>

Bank reconciliation is the process by which cash balances available in an individual or organization accounting records are matched together the corresponding information of bank statement. The main objective of this statement is distinguish the differences between the book changes and the accounting records as appropriate.

Therefore, Deposits in transit would be added to the balance per book on a bank reconciliation.

Learn more about bank reconciliation below.

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Information for firm ABC: Inventory at the end of April, 2008: 200 units Expected demand during April, 2008: 50 units Production

zavuch27 [327]

Answer:

Inventory at the end of march will be 150

Explanation:

We have given inventory at the end of April = 200 units

Expected demand during April = 50 units

Production expected during April = 100 units

We have to find the inventory at the end of march

Inventory at the end of April is given by

Inventory at the end of April = production in april - demand in april + inventory of march

So 200 = 100 - 50 + inventory of march

So inventory of march = 150

5 0

4 years ago

the administrative marketing and manufacturing operations that many international firms multinational firms and transnational fi

masya89 [10]

Answer:

divisions

Explanation:

Divisional organizational structure

can be regarded as structure that organizes the activities of a particular organization or business around a market, geographical, as well as product and service groups. A company could organize on divisional lines by having operating groups for different geographical Locations like in United States or Europe, all the divisions will individually contains complete set of functions, each could handle their different activities such as sales and

accounting activities.

It should be noted that divisions is

the administrative marketing and manufacturing operations that many international firms multinational firms and transnational firms have around the world.

4 0

3 years ago

Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue

Semenov [28]

Answer:

a. The Earnings per share is $2.64 per share

b. The Price-earnings ratio is 5.30 times

c. The Payout ratio is 26.44%

d.The Times Interest earned is 7.76 times

Explanation:

a. In order to calculate the Earnings per share we would have to use the following formula:

Earnings per share = [Net Income - Dividend on preferred stock] / Average outstanding common shares

Average outstanding common shares = [24,700 shares + 37,100 shares]/2 = 30,900 shares

Earnings per share = [$86,600 - $4,900] / 30,900 shares = $2.64 per share

b. In order to calculate the Price earnings ratio we would have to use the following formula:

Price earnings ratio = Market price per share / Earnings per share

Price earnings ratio = $14 / $2.64 = 5.30 times

c. In order to calculate the Payout ratio we would have to use the following formula:

Payout ratio = Dividend / Net Income

Payout ratio = $22,900 / $86,600 = 26.44%

d. In order to calculate the Times Interest earned we would have to use the following formula:

Times Interest earned = Earnings before interest and taxes / Interest Expense

Earnings before interest and taxes = Net Income + Interest Expense + Taxes = $86,600 + $16,700 + $26,400 = $ 129,700

Times Interest earned = $129,700/ $16,700 = 7.76 times

4 0

3 years ago

Who wants to see what i look like?

valkas [14]

You look like you seem fun to hang around!

5 0

3 years ago

Miser Materials paid $27,500 in dividends and $28,311 in interest over the past year while net working capital increased from $1

stepan [7]

Answer:

The amount of the cash flow from assets is outflow of $42,000, all other cash a re from Cash flow from operation and cash flow from finance.

Explanation:

Operating Cash Flow

net working capital increased from $13,506 to $18,219.

depreciation expenses of $16,805.

Investing Cash Flows

company purchased $42,000 in net new fixed assets

Financing Cash Flows

Miser Materials paid $27,500 in dividends

$28,311 in interest over the past year

firm issued $25,000 in net new equity

and paid off $21,000 in long-term debt.

7 0

3 years ago