Answer:
$11,160
Explanation:
The computation of the adjusted balance on the bank reconciliation is shown below:
For Bank balance
= Balance per bank + Deposit in transit - Outstanding checks
= $14,400 +$2,120 - $5,360
= $11,160
For book balance:
= Balance per company records - NSF checks - Bank service charges
= $12,005 - $780 - $65
= $11,160
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The answer would be (D); Setting acceptable costs and then setting the price.
Answer:
Yes. Firms that sell products that depend partly on demographic factors are more likely to be affected by business cycle.
Explanation:
Businesses whose demand depend partly in demographic factors (population based on race, sex, age, etc) such as homebuilders are affected by business cycles/seasons.
Demand for new houses can depend on some business seasons. A family that wants to move to a new location will consider age of the kids, parents before moving to a volatile neighborhood. Older people tend to prefer quieter areas, while younger people may prefer a more lively place to meet new friends.
Members of a race might want a new house because the vicinity is within a community of people of same race or social disposition.