1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vaselesa [24]
3 years ago
6

A bank reconciliation revealed cash per the bank statement of $1,484, cash per company records of $1,681, bank charges of $11, d

eposits in transit of $317, outstanding checks of $221, and NSF checks of $90. The correct cash balance is?
Business
1 answer:
kotegsom [21]3 years ago
4 0

Answer:

Correct cash balance is $  1,580

Explanation:

Balance as per cash book                                                    $ 1,681

Less: Bank charges                                                               $ (    11)  

Less: NSF cheques                                                                <u>$ (   90)</u>

Adjusted balance per cash book                                         <u> $ 1,580</u>

Balance per bank statement                                                  $ 1,484

Add: Deposits in transit                                                          $    317

Less; Outstanding checks                                                      <u>$ (  221)</u>

Adjusted balance per bank statement                                <u>$ 1,580</u>

You might be interested in
The rules governing when a sale is a sale when the product is _____and _____; the buyer can cancel prior to that.
zhuklara [117]

Basically, the rule of sales contract recognizes that sales is done when the product is negotiated on and <u>paid for</u>, and thus, the the buyer can cancel prior to that.

In the contract on sales, a sale formally becomes a sale when a party gives something to another in exchange for money.

  • The consideration (Premium/Sales cost) is the main factor that makes a sales contract valid and legal.

Hence, the rule of sales contract recognizes that sales is done when the product is negotiated on and <u>paid for</u>, and thus, the the buyer can cancel prior to that.

Read more about sales contract:

<em>brainly.com/question/17179342</em>

6 0
2 years ago
True/False
lara [203]

Answer:

the answer is True.

Explanation:

There are 2 traits in an effective market segment.

  1. It is internally homogeneous (potential customers in the same segment prefer the same product qualities ).
  2. It is externally heterogeneous. In other words, potential customers from different segments have different quality preferences. It responds consistently to a given market stimulus.
4 0
3 years ago
Buying used cars is a good way to avoid depreciation. <br> a. True <br> b. False
IceJOKER [234]
Your answer should be true
4 0
3 years ago
Retained earnings is the total amount of cash and other assets paid in to the corporation by stockholders in exchange for capita
Cloud [144]

Answer:

false

Explanation:

Paid-in capital is the amount of money or any other form that stockholders pay to the corporation for capital stock. it is considered as an important part of the equity in the business. paid-in capital can be paid for common or preferred stock.

it is considered a way through which stockholders can represent their funds by showing the amount of stock they have purchased

6 0
3 years ago
How long would it take for the price level to double if inflation persisted at the following percentages?
Alekssandra [29.7K]

Answer:

inflation rate = 17.5 percent per year  ⇒ it will take 4 years to double

inflation rate =  35 percent per year  ⇒ it will take 2 years to double

inflation rate =  3.5 percent per year ⇒ it will take 20 years to double

Explanation:

we can use the rule of 70 to determine the amount of time it would take the general price level to double.

the rule of 70 is a simple way we can use to estimate the number of years it will take an investment to double given a certain growth rate.

70 / 17.5 =  4 years

70 / 35 =  2 years

70 /  3.5 = 20 years  

3 0
3 years ago
Other questions:
  • In a company's SWOT analysis, which of the following is an example of a threat? A. The company makes a low quality product. B. T
    6·2 answers
  • Which class of a hard hats does NOT protect you from electrical shock?
    13·2 answers
  • What does the Electronic Fund Transfer Act do?
    14·2 answers
  • Assuming that all the table and column names are spelled correctly, what's wrong with the INSERT statement that follows?
    13·1 answer
  • Eley Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's nor
    11·1 answer
  • Edwards Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total
    6·1 answer
  • The inflation rate is measured by calculating the percentage change in the consumer price index. True or False
    15·1 answer
  • The principal-agent problem arises when ________.
    7·1 answer
  • Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had ap
    5·1 answer
  • Fees paid by mutual fund shareholders may include all the following except a
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!