Answer:
reconciliate balance $ 22,388,675
Explanation:
bank statement: 18,835
deposits in transit 100,740
22,376,200
outstanding check
10189 (56,710)
10192 (15,365)
10193 (22,650)
10194 (12,375)
Adjusted balance: 22,388,675
checkbook balance: 22,385,105
interest earned 4,020
ATM card fees (450)
Adjusted balance: 22,388,675
Notes: For each statement we adjust for the unknown information.
The bank is unaware of the outstanding check and the deposit in transit. So we adjust for these concepts.
The company has no knowledge of the ffes and interest earned until receiving the bank statement so we must adjust for that amount.
Answer:
$243,900
Explanation:
Calip corporation reported the following results for the month of October
Sales= $413,000
Cost of goods sold= $169,100
Total variable sling expenditure= $20,700
Total fixed selling expense= $17,900
Total variable administrative expense= $13,100
Total fixed administrative expense= $30,400
The contribution margin can be calculated by subtracting the total cost of goods sold from the sales
= $413,000-$169,100
= $243,900
Hence the contribution margin for October is $243,900
The attributes of a corporation include:
- It is state chartered
- It is a legal entity.
- Corporate liability is separate from owners.
<h3>What is a corporation?</h3>
A corporation simply means a large company that's acts as a single entity. It's also recognized by law.
A corporation is state chartered, legal entity, and its corporate liability is separate from owners. It's usually a large group of company.
Learn more about corporation on:
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