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Georgia [21]
4 years ago
6

The balance shown in the August bank statement of Colt Company was $22,400. After examining the August bank statement and items

included with it, the company's accountant found:
Checks outstanding $4,500
NSF check 140
Note collected by bank for the Colt Company 1,500
Deposits outstanding 2,300
Bank service fees 60

What is the amount of cash that should be reported in the balance sheet as of August 31?
A.$20,200
B.$16,700
C.$23,400
D.$15,700
Business
2 answers:
vlabodo [156]4 years ago
5 0

Answer:

the amount of cash that should be reported in balance sheet is $20200

option A is correct

Explanation:

given data

balance shown = $22400

Checks outstanding = $4,500

NSF = 140

Note collected = 1500

Deposits outstanding = 2300

service fees = 60

to find out

What is the amount of cash should be reported

solution

we will find amount of that should reported as given by

amount reported = balance amount + deposit outstanding - check outstanding    ..................1

put here all these value in equation 1 we get

amount reported = 22400 + 2300 - 4500

amount reported = 20200

so the amount of cash that should be reported in balance sheet is $20200

option A is correct

a_sh-v [17]4 years ago
3 0

Answer:

A.$20,200

Explanation:

The computation of the cash amount which should be reported in the balance sheet is shown below:

= August Bank statement balance + Deposits outstanding - Checks outstanding

= $22,400 + $2,300 - $4,500

= $20,200

The other amount which is given in the question is irrelevant. Hence, these items should not be considered in the computation, so they are ignored.

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Because human behavior is unreliable and influenced by factors uncontrolled by policy, which domain represents the greatest risk
Luba_88 [7]

Answer:

The correct answer is letter "A": User Domain.

Explanation:

User Domains are used in organizations with large amounts of servers connected to their network. As it is difficult to keep track of all the data being stored in every server, the domain controller regulates user domains by storing their login credentials but having to pass a privilege screening before accessing to the information of the server. However, that does not secure users will make optimal utilization of the firm's resources. Most parts of the data store will still be unchecked by controllers.

7 0
3 years ago
A dressmaker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labor. Another dressmaker can sew 400 garments wit
faust18 [17]

Answer:

No, because the second method has lower total costs of production.

Explanation:

In a bid to make profits businesses must always compare different processes and choose the cheapest one.

This will eventually reflect in the profitability of the business.

In this instance let's get the cost of each process.

Fabric costs $110 a bolt and labor costs $20 an hour.

The first dress maker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labour

Total cost = (100 bolts * 110) + (1500 * 20)

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Total cost = (150 *110) + (1000 * 20)

Total cost = $36,500

As can be seen the second dressmaker has a lower cost of production so he is more efficient than the first dress maker

7 0
3 years ago
What is a subcontractor
egoroff_w [7]

Answer:

business or person that carries out work for a company as part of a larger project.

Explanation:

A hun

8 0
3 years ago
An assistant manager at a restaurant gets a $100 a month raise. He figures that with his new monthly salary he cannot buy as man
Inessa05 [86]

Answer:

b. His real salary has fallen and his nominal salary has risen.

Explanation:

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Nominal salary is the sum of real salary and inflation rate.

Real salary is nominal salary less inflation rate.

Real salary measures the purchasing power of salary.

If with the salary increase, the assistant manager could buy more goods compared to last year, both nominal and real salary increased.

I hope my answer helps you.

4 0
3 years ago
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WARRIOR [948]
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2. relative position. Depth perception is the </span>ability to perceive the surrounding environment in three dimensions as well as<span> the distance to an object through vision, whether the object is fixed or in movement, in front, or behind.

3. 4 seconds. That's the time needed when considering speeds up to 70mph.

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