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4vir4ik [10]
3 years ago
6

Trudy inc had the following bank reconciliation at march 31 2013 all reconciling items at march 31 2013 cleared the bank in apri

l outstanding checks at april 30 2013 totaled 6000 there were no deposits in transit at april 30 2013 what is the cash balance per books at april 30 2013?
Business
1 answer:
djverab [1.8K]3 years ago
7 0

Answer:

The cash balance per books at April 31, 2013 is $28,200.

Explanation:

It is required to compute the Balance per bank on 30, April:

Balance per bank on 30 April = Balance per bank statement + Deposits - Disbursement

= $37,200 + $46,700 - $49,700

= $83,900 - $49,700

= $34,200

The Cash balance per books on April 30, 2013 is computed as:

Cash balance per books on April 30, 2013 = Balance per bank on 30 April - Cleared the outstanding checks

= $34,200 - $6,000

= $28,200.

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You find a mutual fund that offers approximately 6% APR compounded
aliya0001 [1]

Answer:72.19

Explanation:

8 0
3 years ago
Mara is a management consultant for a soda manufacturer that wants to expand into health drinks such as green tea and after-work
kirill115 [55]

Answer:

B. "Carefully consider the entry choices over time before making a decision."

Explanation:

Since Mara company specializes in manufacturing sodas, venturing into health drinks is risky and therefore would need a lot of planning, thorough analysis of the target market . Looking into whether there's sufficient demand for it and forecasting future trends with regards to health drinks is also important . Mara should therefore, test venture into this by testing the market and considering entry choices over time before making a decision.

6 0
3 years ago
Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2018, the FIFO cost of the ending
Assoli18 [71]

Answer:

reported as income for all three years   is $7,000

Explanation:

given data

cost of the ending inventory = $181,000

market value  inventory =  $160,000

to find out

Shondee Corporation must add income

solution

we get here Income per year that is

Income per year = (Value under FIFO Method - Value Under Cost Method ) ÷ Number of year      ..............................1

put here value we get

Income per year = \frac{181000 - 160000}{3}

Income per year =   \frac{21000}{3}

Income per year =  $7000

so reported as income for all three years   is $7,000

8 0
3 years ago
Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price of $20. Costs for the last year were as follows
Goshia [24]

Answer:

The correct answer is B: $46,400

Explanation:

The difference between absorption and variable costing is that the first one includes fixed manufacturing overhead in the manufacturing cost.

Giving the following information:

Absorption costing:

Direct materials= 30,000

Direct labor= 38,000

Variable factory overhead= 8,000

Fixed factory overhead= 40,000

Total= $116,000

Unitary cost= 116000/10000= $11.6

Ending finished inventory= 4000*11.6= $46,400

5 0
3 years ago
Vint and Gracie are married and will file a joint tax return. For 2020, their modified adjusted gross income was $110,000. Graci
masya89 [10]

The amount that Vint and Gracie can claim for 2020 lifetime learning credit is <em>D. $600</em>.

Explanation:

Joint Modified Adjusted Gross Income for 2020 = $110,000

Tuition for the fall semester paid by Gracie = $3,000

Limit placed on lifetime learning credit = $2,000

Rate of lifetime learning credit = 20% of the first $10,000

Allowed lifetime learning credit = $600 ($3,000 x 20%)

<u>Answer Options</u>:

A. $0

B. $200

C. $400

D. $600

Thus, the amount that the couple can claim for 2020 lifetime learning credit is <em>D. $600</em>.

Learn more: brainly.com/question/14263483

7 0
2 years ago
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