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bogdanovich [222]
3 years ago
5

Alvin Electronics is in the process of reconciling its bank account for the month of November. The following information is avai

lable: Balance per bank statement $ 8,325 Outstanding checks 2,400 Deposits outstanding 1,215 Bank service charges for November 35 Check written by Alvin for $300 but recorded incorrectly by Alvin as a $30 disbursement. What should be the corrected cash balance at the end of November
Business
1 answer:
zhannawk [14.2K]3 years ago
8 0

Answer:

The correct answer is $7,140.

Explanation:

According to the scenario, the computation for the given data are as follows:

Balance per bank statement = $8,325

Outstanding checks = $2,400

Deposits outstanding = $1,215

So, we can calculate the corrected cash balance by using following formula:

Corrected cash balance = Balance per bank statement - Outstanding checks + Deposits outstanding

= $8325 - $2,400 + $1,215

= $7,140

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The recording of transactions and events is called:.
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Record-keeping.

Explanation:

The definition of record keeping is keeping records, or units of preserved information. This information can also be kept in books, which brings us to another term; bookkeeping.
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2 years ago
Please help solve: Suppose that initially the money supply is $1 trillion , the price level equals 3, the real GDP is $5 trillio
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The new price level after the increase in the money supply is 3.3. Therefore, the percentage increase in the money supply is 10%. The percentage change in the price level is 10%. Percentage change in the money supply is the same as the percentage change in the price level.
3 0
3 years ago
Lindsay needs to purchase a car. The car she is planning o in purchasing costs $8,000
Firlakuza [10]

Answer:

1. $6,000

2. $60

3. $8,180

Explanation:

With the down payment equal to $2,000, amount Lindsay need finance to purchase car would be: $8,000 - $2,000 = $6,000

As Lindsay would pay for a term of 3 years

=> In each year, the amount finance is: $2,000

In one year, with APR = 3%, interest Lindsay has to pay on the loan of $2,000 is: $2,000 x 3% = $60

=> In three years, amount Lindsay pay for interest for the total finance is: $60 x 3 = $180

The actual cost of the car for Lindsay to own:

Actual cost = down payment + finance + interest = $2,000 + $6,000 + $180

= $8,180

8 0
3 years ago
An airplane manufacturer assembles a plane in one location and the workers and equipment go to the airplane when they need to wo
salantis [7]

Answer: c. fixed-position layout.

Explanation:

This is a system that addresses the layout requirements of stationary projects.

Here, project remains in one place and workers and equipment come to that one work area.

Examples are plane, ship, highway, a bridge, a house, and an operating table in a hospital, etc.

5 0
3 years ago
Read 2 more answers
Producers' surplus is __________.
evablogger [386]

Answer:

the difference between the price a seller receives for a good and the minimum price for which he would have sold the good. 

Explanation:

Producer surplus is the difference between the price a seller sells her goods and the least price she would be willing to sell her goods.

Consumer surplus is the difference between the price a buyer pays for a good and the highest price he would have paid for the good.

I hope my answer helps you

4 0
3 years ago
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