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levacccp [35]
3 years ago
9

Great Southeast ​Company's Cash account shows an ending balance of $ 720. The bank statement shows a $ 26 service charge and an

NSF check for $ 140. A $ 200 deposit is in​ transit, and outstanding checks total $ 420. What is Great Southeast​'s adjusted cash​ balance?
A) $455
B) $580
C) $675
D) $925
Business
1 answer:
Harlamova29_29 [7]3 years ago
3 0

Answer:

Adjusted cash will be $554

Which is not given in the bellow option

Explanation:

We have given ending balance = $720

Service charge = $26

NSF check for $140

And $200 deposit in transit

And a outstanding checks total of $420

We have to find the adjusted cash balance

Adjusted cash balance = Cash ending balance - NSF Checks - Service charge = $720 - $26 - $140 = $554 ( as outstanding checks and deposit in transit is not considered in adjusted cash )

After calculation we get $554 which is not given in the bellow option    

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McCann Publishing has a target capital structure of 35% debt and 65% equity. This year's capital budget is $850,000 and it wants
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Suppose that in your first year of college you spend $31,300.00 more than you eam. In your second year, your expenses increase a
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5 0
2 years ago
Read 2 more answers
Masterson Company's budgeted production calls for 68,000 units in April and 64,000 units in May of a key raw material that costs
Finger [1]

Answer:

The budgeted materials needed in units for April = 67000 litres

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The budgeted  production for April = 68000 units

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The April 1 inventory = 17000 units

Now calculate the material required for April production:= [ Materials needed + ending inventory requirements - beginning inventory available ]= [ 68000 + (64000 × 25%) – 17000 ] = 67000 Litres

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3 years ago
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Answer:

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= 17.5%

Dividing the annual net income by the initial investment we can get the simple rate of return

8 0
3 years ago
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