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Alexus [3.1K]
2 years ago
13

f a check correctly written and paid by the bank for $352 is incorrectly recorded in the company's books for $299, how should th

is error be treated on the bank reconciliation?
Business
1 answer:
Alja [10]2 years ago
8 0

Add $53 to the book balance.

The book balance is the company's cash balance according to its accounting records. Your book balance may include transactions that have not yet been cleared or cleared from your bank account. At the end of the accounting period, the company's book inventory is reconciled with the bank balance via monthly account statements.

Posted book balance is the closing balance (posted funds) reported in the daily close (MT940). Depending on your sending bank's policy, this balance may include unbilled items. The Clearing Balance is the "true" interest-bearing balance available calculated on a given date book balance.

Learn more about book balance at

brainly.com/question/2853305

#SPJ4

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A portfolio manager is considering the purchase of a bond with a 5.5% coupon rate that pays interest annually and matures in thr
dmitriy555 [2]

Answer:

The price of the bond is closest  $101.36  

Explanation:

It is noteworthy that a rational investor pays for a bond today the cash flows derivable from the bonds in future discounted to today's terms.

The future cash flows comprise of the yearly coupon interest of $5.5(5.5% *$100) for 3 years as well as the repayment of the principal $100 at the end of year 3.

To bring the cash inflows today's term, we multiply them  them by the discounting factor 1/(1+r)^N , where is the yield to maturity of 5% and N is the relevant the cash flow is received.

The discounting is done in attached spreadsheet leading $ 101.36  present value today.

Download xlsx
7 0
3 years ago
If the sales volume decreases by 25%, the variable cost per unit increases by 15%, and all other factors remain the same, net op
9966 [12]

Answer: decrease by $31,875

Explanation:

Net Operating income;

= Sales - variable cost - fixed cost

= (70 * 3,000) - ( 50 * 3,000) - 25,000

= $35,000

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= 3,000 * ( 1 - 25%)

= 2,250 units

Variable cost per unit increases by 15%;

= 50 * ( 1 + 15%)

= $57.50

New Net Operating income;

= (70 * 2,250) - (57.50 * 2,250) - 25,000

= $3,125

Net Operating income change;

=  3,125 - 35,000

= -$31,875

Decrease by $31,875

6 0
3 years ago
Jesse wants my thoughts on how we can use prototyping for tims. she also wants me to prepare a system requirements document and
svp [43]

When prototyping new products, most people will want a presentation on what the prototype will look like, the functions, the benefits, how it differs from previous products or other companies' products and the pricing. A management presentation is important because it should help break down all the information needed before approval of the new product is approved.

4 0
3 years ago
Being antisocialble with people can lead you in serious danger
TEA [102]

Answer:

is this a question?

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6 0
3 years ago
A purely domestic firm sources its products, sells its products, and raises its funds domestically
Yanka [14]

Answer:

The correct answer is option D.

Explanation:

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The domestic even though operating in the domestic territories may still face foreign exchange risk. This is because their competitors may be operating internationally.

3 0
3 years ago
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