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3 years ago

Using the following information:

Business

1 answer:

jasenka [17]3 years ago

6 0

Answer and Explanation:

The preparation of the bank reconciliation statement for August 31 is presented below:

Miller Co.

Bank reconciliation statement

August 31

Particulars Amount Particulars Amount

Bank cash balance $4,709 Company cash balance $5,162

Add: Less:

Deposits in transit $1,035 Bank service charges -$33

Less: Outstanding Error in recording -$9

Check -$624

Bank balance Company balance

After reconciliation $5,120 After reconciliation $5,120

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What political reasons Government intervention in markets

Varvara68 [4.7K]

Answer:

The main reasons for policy intervention by the government are:

To correct for market failures.

To achieve a more equitable distribution of income and wealth.

To improve the performance of the economy.

Explanation:

To correct for market failures: This is achieve by creating regulation institutions for the most important sectors in any given economy e.g. Federal Reserve, Treasury Department

To achieve a more equitable distribution of income and wealth: This is the aim of a develop economy to allocate the resources where needed and for that some countries rely in the government capability to prevent Monopoly creation or to protect its Internal Labor market.

To improve the performance of the economy.: In order to meet the economical agenda of any given government the institutions use variation on the interest rate, the government expenditure or the tax policies.

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4 years ago

Bus Corp wants to introduce a new procedure to improve how customer requests are handled. This change will require employees to

Anna [14]

Answer:

Answer is Option E i.e. Employee Involvement.

Explanation:

Employee involvement can be understood as participation of employees in the important decision-making process to meet the desired objective of the organization. This process creates a sense of ownership among employees and thus, they would openly accept any change that might take place within the organization.

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3 years ago

On July 1, 2021, Apache Company, a real estate developer, sold a parcel of land to a construction company for $3,000,000. The bo

atroni [7]

Answer:

Revenue 2021 = $3,000,000

Revenue 2022 = $0

Explanation:

Given that,

Sold a parcel of land to a construction company = $3,000,000

book value of the land on Apache’s books = $1,200,000

In this case, revenue is identified at a point when the parcel of land is transferred to the construction company.

Therefore, full revenue from the sale of land should be recognized in the year 2021 because the transfer of land occured in 2021 and there will be no revenue reflected in the year 2022.

Revenue 2021 = $3,000,000

Revenue 2022 = $0

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3 years ago

Massena Corporation reported the following data for the month of February:

Elodia [21]

Answer:

$186,700

Explanation:

The computation of adjusted cost of goods sold is shown below:-

Before that we need to do the following calculations

Raw material consumed = Beginning raw material + Raw material purchases - Ending raw materials - Raw materials included in manufacturing overhead costs as indirect materials

= $40,000 + $63,000 - $24,000 - $5,000

= $74,000

Total manufacturing cost = Beginning work in progress + Raw material consumed + Direct labor cost + Manufacturing overhead cost - Ending work in progress

= $23,000 + $74,000 + $73,700 + $48,000 - $17,000

= $201,700

Unadjusted Cost of goods sold = Raw materials + Total manufacturing cost - Ending finished goods

= $50,000 + $201,700 - $72,000

= $179,700

Adjusted COGS = Unadjusted Cost of goods sold + Underapplied overhead

= $179,700 + ($55,000 - $48,000)

= $179,700 + $7,000

= $186,700

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3 years ago

True or False: Most companies you see today are either corporations or limited liability companies?

krek1111 [17]

Answer: the above statement is true to some extent. Most of the businesses today are either cooperates or limited liability companies. This is because, many businesses try to remove the personal risk associated when running a business venture. Hence, they convert it into a limited liability business so the risk is only limited to the amount they invest.

However, there are still some business that are running on a smaller scale and have unlimited liability.

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4 years ago