Answer:
Adjusted in Cash balance per the bank record
bank balance $19,361
Add: Deposit intransit <u> 1,650</u>
21,011
Outstanding check <u> (891)</u>
Adjusted cash balance <u> 20,120</u>
Explanation:
In order to calculate the adjusted cash balance in the bank record the deposit in transit will be added to the bank balance on the statement while the outstanding check will be deducted. Bank error shall be corrected in cash book side of the reconciliation.
Answer:
b. minimum price that can be legally charged for a product or service
Explanation:
A price floor represents a minimum price that can be legally charged for a product or service. A price floor is the lowest legal price that can be paid in markets for goods and services, labor, or financial capital. There are many goods which have price floors imposed by the government; for example agriculture good. In an organizations, unions may also impose price floors which could be the minimum rates for the staff etc.
Answer:
Tenemos un costo de $10 por unidad
C = $10/u
Tenemos un precio de venta de "p" dólares por unidad
V = P/u
Y tenemos una cantidad de unidades vendidas de 20(22-p)
Q = 20(22-p)
Halle la utilidad U(p) como una función del precio de venta "p".
Utilidad(p) = C*Q - V*Q
C*Q equivale a costo total, y V*Q equivale a ingreso total, así obtenemos la utilidad.
¿Cuál es el precio de venta "p" que genera una utilidad máxima?
$16/ unidad
¿Cuál es el precio de venta "p" que genera una utilidad nula?
$720/ mes
Answer:
Assets increase by $2200: liabilities increase by $2200
Explanation:
The accounting equation is expressed as below.
Assets = Owners Equity + Liabilities.
Making purchases on account means buying on credit. Purchasing Supplies on credit will increases the debts( liabilities) of the company by $2200.
Supplies will belong to the business; hence assets will increase by $2200
Answer:
Explanation:
The company must record the acquisition of that inventory, including all the expenses related to the purchase and logistics, up to have them placed in the company´s warehouse.
Therefore, the journal entry to record those transactions are:
Dr Inventory 8,200
Cr Cash 8,200
Notice that freight costs are not considered expenses in this case, as they are capitalized being part of the inventory cost.
<u>Income Statement</u>: no change
<u>Balance Sheet</u>: Inventory increased by $ 8,200
Cash decreased by $ 8,200
<u>Net change</u>: $ 0