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3 years ago

Match the items with the actions necessary to reconcile the bank statement.

Business

2 answers:

Leokris [45]3 years ago

8 0

1. interest credited in bank account -- add to personal

2. fee charged by bank for returned check -- deduct from personal

3. checks issued but not deposited -- deduct from bank

4. deposits yet to be credited -- add to bank

BlackZzzverrR [31]3 years ago

7 0

Answer:

The correct answers are:

1. interest credited in bank account -- add to personal

2. fee charged by bank for returned check -- deduct from personal

3. checks issued but not deposited -- deduct from bank

4. deposits yet to be credited -- add to bank

Explanation:

As they are a credit to the holder, i.e. they add to his bank account, this item is added, i.e. it is added to him by the amount of interest credited.

As the bank is an intermediary payment institution, it adds to its policies the collection of commissions for returned checks, as well as charges you commissions for account maintenance.

When we issue checks and these are not deposited, it often happens that we in our accounting have a lower amount than the bank statement, therefore we have to deduct those values from the statement, as they will surely be deposited later.

When a bank deposit is made this late a time to be accounted in the bank statement, therefore, until this happens we have to add it up as it is a matter of time for it to reflect

Have a nice day!

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What is a "social cost" of production?

alexgriva [62]

Sum of all costs to individuals in society, regardless of whether the costs are borne by those who produce the products or consume the product

6 0

3 years ago

Western Electric has 32,500 shares of common stock outstanding at a price per share of $80 and a rate of return of 12.95 percent

Sergio039 [100]

Answer:

c. 11.10%

Explanation:

Options are <em>"a. 10.29% b. 10.51% c. 11.10% d. 10.72% e. 11.49%"</em>

Market Value of Equity = $80 * 32,500

Market Value of Equity = $2,600,000

Market Value of Preferred Stock = $95.50 * 7350

Market Value of Preferred Stock = $701,925

Market Value of Debt = $407,000 * 1.115

Market Value of Debt = $453,805

Total Market Value = Market Value of Equity + Market Value of Preferred Stock + Market Value of Debt

Total Market Value = $2,600,000 + $701,925 + $453,805

Total Market Value = $3,755,730

kP = Annual Dividend / Current Market Price

kP = $7.90 / $95.50

kP = 0.082723

kP = 8.27%

WACC = [wD * kD * (1 - t)] + [wP * kP] + [wE * kE]

WACC = [(453,805/3,755,730) * 8.11% * (1 - 0.40)] + [(701,925/3,755,730) * 8.27%] + [(2,600,000/3,755,730) * 12.95%]

WACC = 0.59% + 1.55% + 8.96%

WACC = 11.10%

6 0

3 years ago

The focus of what a person or organization ought to do in when faced with a particular situation is referred to as: a. Substanti

galben [10]

Answer:

c. Normative ethics

Explanation:

Ethics involves the study of the moral principles and guidelines that determines how an individual behaves. Since people and organizations operate in a social environment, where they interact with other organizations and people, ethics has to be considered to improve how people and organizations act and behave.

1. Substantive ethics

Substantive ethics involves the formulation of guiding principles that can be used during cases of ethical dilemma.

2. Emotional ethics

It consists of the feeling and intuition that play a major role into how people behave in a given situation.

3. Normative ethics

It involves the study of ethics by looking at how an individual ought to act and the implications of that behavior. It involves asking questions about how one needs to behave in a given situation then considering the ethics of that action. It is a kind of predetermined cause of action that an individual is supposed to apply in order to arrive at specific ethical behavior.

4. Behavioral ethics

Behavioral ethics involves the study of ethical and unethical behavior and coming up with reasons as to why individuals choose to behave ethically or unethically.

6 0

3 years ago

Marta's boss tells off-color jokes and tolerates sexually based teasing by male employees of women employees. when she complains

natta225 [31]

First, it is an example of POOR MANAGEMENT. The whole scenario is an example of sexual harassment.
She can do three things; report it higher and risk retaliation, accept it as joking, and lastly LEAVE, get another job.

3 0

3 years ago

Income statement data for Huffman Pharmaceuticals are provided below. Income Statements 12/31/201712/31/2016 Sales Revenue$598,0

koban [17]

Answer:

Huffman Pharmaceuticals

The percentage that should be assigned to Gross Profit, using trend analysis, is:

= 42%.

Explanation:

a) Data and Calculations:

Income Statements 12/31/2017 12/31/2016

Sales Revenue $598,000 $724,000

Cost of Goods Sold 337,000 427,000

Gross Profit 261,000 297,000

Operating Expenses 137,000 146,000

Operating Income 124,000 151,000

Other Income (Expense) 60,000 23,000

Income before Tax 184,000 174,000

Income Tax Expense 71,000 76,000

Net Income $113,000 $98,000

Income Statements 12/31/2017 12/31/2016

Sales Revenue $598,000 $724,000

Cost of Goods Sold 337,000 427,000

Gross Profit 261,000 297,000

Ratio of Gross profit to

Sales Revenue

2017 = $261,000/$598,000 * 100 = 43.65% = 44%

2016 = $297,000/$724,000 * 100 = 41%

Average Gross profit ratio for the two years = 42.5% (44 + 41)/2.

b) Huffman's trend analysis is the use of its past financial performance indices to predict its future financial performances. Past performances are expressed in percentages, forming the basis for predicting and comparing future performances of an entity.

6 0

2 years ago