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levacccp [35]
3 years ago
8

The Cash account of Safe and Secure Security Systems reported a balance of $2,490 at May 31, 2011. There were outstanding checks

totaling $500 and a May 31 deposit in transit of $300. The bank statement, which came from Tri Cities Bank, listed the May 31 balance of $3,360. Included in the bank balance was a collection of $680 on account from Ryan Saar, a Safe and Secure customer who pays the bank directly. The bank statement also shows a $20 service charge and $10 of interest revenue that Safe and Secure earned on its bank balance.
Prepare Safe and Secure’s bank reconciliation at May 31.
Business
1 answer:
Alja [10]3 years ago
5 0
Book Balance :             $2,490                        Bank Balance:           $3,360
Add:                                                              Add:
Ryan Saar payment          680                         Deposits in Transit          300   
Interest Revenue                 10     
Less:                                                            Less:
Service Charge                ($20)                       Outstanding Checks       (500)
                             ===========                                              ==========
Cash Balance              $3,160                        Bank Balance            $3,160

*The payment made by Ryan Saar was directly deposited to the bank; therefor, it is not yet recorded in the company books. The same with the Interest Revenue Earned and Service Charge Fees.

*The Deposits in Transit and Outstanding Checks are not yet recorded in the bank because the deposits are still in transit while the outstanding checks are not yet cashed; however, these items were already recorded in the company books.
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3 years ago
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Snyder Painting is transitioning to an ABC system. So far, the company has traced its costs back to several different activities
Andreyy89

Answer:

Snyder Painting

If Snyder wants to reduce its non-value-added activities to the greatest extent possible, it should concentrate its efforts on reducing the amount of time and money it spends on

B. paint storage.

Explanation:

a) Identified Activities of Snyder Painting:

A. customer consultation.

B. paint storage.

C. site preparation and cleanup.

D. onsite paint application.

b) Non-value added activities are activities that are currently necessary and consume resources but do not add value to the company's product or service.  For example, equipment set-up, parts inspection, recording job time, job scheduling, product storage, and customer billing. These activities should be reduced to the barest minimum in order to maximize value.

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3 years ago
Lake Corporation is considering the elimination of one of its segments. The segment incurs the following fixed costs. If the seg
77julia77 [94]

Answer:

the amount of avoidable cost associated with the segment is $754,000

Explanation:

The cost associated with the segment to be eliminated including:

- Advertising expense $140,000  

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The total cost is $754,000

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3 years ago
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3 years ago
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from the information about chobani in the case and at the start of the chapter, (a) who did hamdi ulukaya identify as the target market for his first cups of greek yogurt and (b) what was his initial "4ps" marketing strategy?

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Now, with the introduction of its Champions line of Greek Yogurts, Chobani is reaching the kids' market segment. With its 2013 introduction of Chobani Bite in a smaller 3.5-ounce cup, Chobani is trying to reach a "snack" market segment. And with Chobani Flip, it is trying to reach an experimenting, gourmet market segment who add "mix-ins" to regular Chobani Greek Yogurt.

b. Chobani's initial 4Ps marketing strategy. Consists of the following marketing actions:

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What is Marketing strategy?

A marketing strategy is a long-term plan for attaining a business' objectives through an understanding of client needs and the development of a distinct and long-lasting competitive advantage. It includes everything, from choosing which channels to utilize to contact your customers to figuring out who they are.
To learn more about marketing strategy from the given link:

brainly.com/question/25640993

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