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BlackZzzverrR [31]
3 years ago
15

Using the following information: (a) The bank statement balance is $3,471. (b) The cash account balance is $3,844. (c) Outstandi

ng checks amounted to $550. (d) Deposits in transit are $824. (e) The bank service charge is $90. (f) A check for $43 for supplies was recorded as $34 in the ledger. Required: Prepare a bank reconciliation for Miller Co. for August 31. Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. "Deduct" or "Add" will automatically appear if it is required. Enter all amounts as positive values.
Business
1 answer:
OleMash [197]3 years ago
3 0

Explanation:

The preparation of the bank reconciliation statement is presented below:

                                          Miller Co.

                    Bank reconciliation statement  

                                         August 31  

Particulars                    Amount            Particulars                          Amount  

Bank cash balance      $3,471            Company cash balance       $3,844

Deposits in transit       $824               Less: Error                        $9  

                                                                                              ($43 - $34)

Less: Outstanding                               Less: service fee                 -$90          

Check                         -$550

Bank balance                                      Company balance

After reconciliation   $3,745              After reconciliation $            $3,745

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Explanation:

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The reason for this is due to an increase in aggregate demand and short-run aggregate supply. This two factors will lead to the long run economic growth which the United States experienced.

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If the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that ther
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If the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that there (B) are constant returns to scale.

<h3>What is the long-run average total cost curve?</h3>
  • The long-run average cost (LRAC) curve depicts the firm's lowest cost per unit at each output level, assuming that all production parameters are changeable.
  • The LRAC curve presupposes that the firm has determined the best factor mix for creating any amount of production, as discussed in the previous section.
  • To derive the long-run total cost function, we take the expansion path's total cost and quantity pairs.
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  • If a firm's long-run average total cost curve is horizontal in a relevant production range, it shows that there are consistent returns to scale.

As the description states, if a firm's long-run average total cost curve is horizontal in a relevant production range, it shows that there are consistent returns to scale.

Therefore, if the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that there (B) are constant returns to scale.

Know more about the long-run average total cost curve here:

brainly.com/question/10205972

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Complete question:

If the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that there

A. isn't a minimum efficiency scale.

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