3 years ago

What is an outstanding check?

1 answer:

3 0

<span>An outstanding check is a check issued by the payor and released to the payee that remains to be undeposited or uncashed check at a certain financial period. When reconciling the bank statements with company books, an outstanding check is deducted from the unadjusted bank balance to arrive at the adjusted bank balance. </span>

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An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimations, the value of Mandalay

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Answer:

b. Overvalued

Explanation:

Overvalued stocks are securities that trade higher than their fair market value, i.e. the value that the company's fundamentals, such as earnings or revenues justify.

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3 years ago

If a customer writes 26 checks per month, which bank will charge her the least in fees

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NBT bank of america on Mohawk Street

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2 years ago

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Adjustments for unearned revenues: Select one: a. decrease liabilities and increase revenues. b. increase liabilities and increa

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Answer:

(D) decrease revenues and decrease assets

Explanation:

Since the revenue is unearned, its entry in the books needs to be reversed.

When a revenue was recorded in the books, the like journal entry would have been.

Debit Cash/Bank/Receivables Account (thus increasing asset)

Credit Revenue Account (thus increasing revenue)

There, reversing the entry will involve decreasing revenue and decreasing asset.

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3 years ago

1. What is the lowest balance during this period?

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Actually for this type of question simply take a picture
Yah and the and is use a calculater

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3 years ago

You invest $3,000. You have speculated that you will earn an average of 7% on your initial investment each year. What do you exp

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Answer:

$5,100 Dollars

Explanation:

3,000 x .07 = 210

210 x 10 = 2100

3,000 + 2100 = 5100

You will have $5,100 dollars total value in 10 years!

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2 years ago