All categories

2 years ago

From the bank reconciliation no entry was recorded for a debit memo for a new check fee expense. this would cause:________

Business

1 answer:

SOVA2 [1]2 years ago

4 0

Answer: expenses to be understated

Explanation:

You might be interested in

Hohner is a company that manufactures and markets harmonicas, a product with a steady demand rate. It is so successful at what i

AnnZ [28]

Answer: DEFENDER

Explanation: An adaptive strategy is a strategy put in place by business organisations in order to survive or remain profitable or in business during hard and unpredictable economic conditions. It helps the business to think beyond the usual to make certain strategic changes and decisions.

According to Adaptive strategy Hohner will most likely be described as A DEFENDER as it product has a steady demand rate with a very high market share.

4 0

3 years ago

Read 2 more answers

The following information is from Princeton Company’s comparative balance sheets. At December 31 Current Year Prior Year Common

Travka [436]

Answer:

Explanation:

Common Stock

Debit Credit

To ending balance $115,000.00 By Beginning balance $112,000.00

By Cash Received $3,000.00

Total $115,000.00 Total $115,000.00

Paid-in capital in excess of par

Debit Credit

To ending balance $579,000.00 By Beginning balance $348,000.00

By Cash Received $231,000.00

Total $579,000.00 Total $579,000.00

Therefore, Cash received from issue of common stock = $3,000 + $231,000 = $234,000

5 0

3 years ago

At the end of January, Mineral Labs had an inventory of 945 units, which cost $11 per unit to produce. During February the compa

shusha [124]

Answer: $34,470

Explanation:

a. Cost of goods sold for $2,550 units

The inventory sold will include the 945 units which cost $11 to produce.

It will get the rest from the 1,750 units which cost $15 to produce.

The remaining units are:

= 2,550 - 945

= 1,605 units

Total cost of goods sold:

= (945 * 11) + (1,605 * 15)

= 10,395 + 24,075

= $34,470

6 0

3 years ago

BrambleFurniture Company started construction of a combination office and warehouse building for its own use at an estimated cos

Ede4ka [16]

Answer:

$650,752

Explanation:

The computation of the avoidable interest is shown below;

But before that following calculations must be done

Interest payable on short term loan

= $2,240,000 × 10%

= $224,000

Interest payable on long term loan

= $1,600,000 × 11%

= $176,000

Therefore,

Weighted average interest rate is

= ($224,000 + $176,000) ÷ ($2,240,000 + $1,600,000) × 100

= 10.42%

Now

Avoidable interest is

= [$3,200,000 × 12%] + [($5,760,000 - $3,200,000) × 10.42%]

= $650,752

4 0

2 years ago

If you consistently work ______, it’s possible that you will become burned out at your job

Neporo4naja [7]

If you consistently work in the same job, it’s possible that you will become burned out at your job

4 0

3 years ago

Read 2 more answers