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Lilit [14]
3 years ago
13

If the month-end bank statement shows a balance of $148000, outstanding checks are $48000, a deposit of $17000 was in transit at

month end, and a check for $2300 was erroneously charged by the bank against the account, the correct balance in the cash account at month end is:
Business
1 answer:
kirill115 [55]3 years ago
5 0

Answer:

$119,300

Explanation:

the bank balance must be adjusted by adding the deposit in transit and the check that was charged against the account by mistake, and you must also subtract outstanding checks:

adjusted bank balance = $148,000 + $17,000 + $2,300 - $48,000 = $119,300

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from 7 pm to midnight only percent of the personal and commercial vehicles on the streets and highways are being driven for econ
MAVERICK [17]

From 7 pm to midnight only percent of the personal and commercial vehicles on the streets and highways are being driven for economic reasons 80
Therefore the correct answer is 80

What is Economic Reasons?

The increase in production of goods and services from one period to the next is called economic growth. As a result, the prices of these products and services increase, which increases the profits of the companies. It has a snowball effect, often resulting in higher stock prices and more jobs. Both businesses and consumers can invest more money in new projects. As a result, economic growth is one of the most important, if not the most important, indicators. Economists quantify it in nominal or real terms and take inflation into account. A country's Gross Domestic Product (GDP) or Gross National Product (GNP) is a classic way to quantify overall growth (GDP).

To learn more about Economic Reasons

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Incomplete Question

6 0
1 year ago
State licensing helps ensure that professionals
Bingel [31]

Answer:

are qualified in there industry

Explanation:

that's what my quiz said was right

7 0
3 years ago
A machine costing $251,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer usefu
e-lub [12.9K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A machine costing $251,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer useful to the company. The estimated salvage value is $3,400.

A) Straight-line:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (251,800 - 3,400)/3= $82,800

B) Double declining balance:

Annual depreciation= 2*[(original cost - residual value)/estimated life (years)]

Year 1= (248,400/3)*2= 165,600

Year 2= 55,200

Year 3= 18,400

5 0
3 years ago
A single server model with infinite calling population, first-come, first-served queue discipline, Poisson arrival rate and expo
Elden [556K]

Answer:

3.5 customers

Explanation:

The computation of the average number of customers in the system is shown below:

= (Arrival rate) ÷ (Service rate - arrival rate)

= (210 customers) ÷ (270 customers - 210 customers)

=  (210 customers) ÷ (60 customer)

= 3.5 customers

We simply apply the average number of customers formula so that the correct value can come

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
________ seeks to better run an organization using complete and accurate information and management processes or controls.
Paha777 [63]

Answer:

Governance

Explanation:

Governance is a systematic way of how power is exercised for effective management of state/country economy and social resources for development of the state. Governance involved establishing policies and complete monitoring of the policies by the government using all legal tools permitted by the constitution of the state/country to seek accurate information and management control of resources in other to deliver good governance for the betterment of the people.

8 0
3 years ago
Read 2 more answers
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