Answer:
Explanation:
1) Outstanding checks : a subtraction from the bank balance
2) Deposits in transit : an addition to the bank balance
3) NSF (Not Sufficient funds) checks : a subtraction from the book balance
4) Bank collection of our note receivable : an addition to the book balance
5) Interest earned on bank balance : an addition to the book balance
6) Service charge : a subtraction from the book balance
7) Book error : a subtraction from the book balance
8) Bank error : an addition to the bank balance
Answer:
B. Cash, accounts receivable, inventories, prepaid items.
Explanation:
In the balance sheet, assets are presented in an orderly manner guided by the amount of time they take to convert into cash. Assets requiring the shortest time to convert into cash will appear first. Cash will always be on top as it does not require conversion.
Goodwill comes last as the business will have to be sold for it to turn into cash.
- In the list provided, cash will appear first.
- Accounts receivable is money a business expects to receive from customers for goods or services provided. In practice, the money should be received within 60 days
- Inventories in assets refer to finished goods in the store. They are awaiting sales. Inventories will take longer as stocks have to be sold and become account receivable before converting to cash.
- Prepaid items are expenses paid before their due date. They appear in the balance sheet as cash assets because they have not been consumed. The expectation is that they will be utilized within the current year. Converting into cash them will require getting a refund from the recipient of the funds, which could be a lengthy process.
Answer:
$55,000
Explanation:
Given that,
Trial balance at 12/31/2021:
Peterson Savings and Loan = $ 50,000
Right Bank = (5,000)
Clinton County Trust Bank = 10,000
Therefore,
The Cash Balance will be
:
= Peterson Savings and Loan + Trust Bank - Right Bank
= $50,000 + $10,000 - $5,000
= $55,000
The Cash Balance would be $55,000.
The answer would be C. Flame
I don't normally ask this but could i possibly have Brainliest?
Answer:
c. flexible-price
Explanation:
A flexible pricing policy provides room for the business and the customer to negotiate for the final price of a product. In other words, the price indicated on the item is not fixed. The seller and buyer can agree to alter it either upwards or downwards.
A flexible pricing strategy enables a business to adjust its prices to suit the market demand. It will allow a company to counter low prices by competitors in cases of price wars. In some instances, businesses set slightly high prices to provide for negotiations. Flexible pricing is common, especially in tailor-made products.
