Answer:
balance after reconciliation 13,684 dollars
Explanation:
Bank Statement balance: 10,740
deposit in transit: 5,300
outstanding checks (2,356)
Adjusted balance 13,684
Cash Account: 11,697
EFT collected 2,820
missing check (443)
bank charge (90)
NSF (300)
Adjusted balance: 13,684
We adjust the bank statemnt for the deposit in transit and outstading check as the bank is unware of these.
The cash blaance account is adjsuted for the collection and fees ofthe bank. a mistake we could made (like missing a check) and the NSF as the company assume it was collected when it wasn't, so the company has less cash.
Answer:
Estimated manufacturing overhead rate= $40 per direct labor hour
Explanation:
Giving the following information:
This period's estimated overhead cost is $100,000 and an estimated direct labor cost of $50,000 and 2,500 direct labor hours.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 100,000/2,500= $40 per direct labor hour
Answer:The supply of plumbers in country A is greater than the supply of plumbers in country B.
Explanation:
The state of demand and supply of labour has a great effect on wages of workers. If the supply of plumbers is grater than the number s of households demanding plumbering services the wages for the plumbers will fall because more plumbers are available for the few works available and this is the situation why plumbers in country A earn less than B though the demand in both countries are the same but they do not vary in the same proportion with their demands.
The supply of plumbers in B is not greater than A and this why B earn more. Productivity refers to measuring the level of outputs in relation to the inputs such labour, capital in production and this does not have impact on wages compare to demand and supply of labour but it's impact is on production.
Answer: Capacity
Explanation: Under the characteristic of capacity, the reviewing authority tries to evaluate the ability of the opposite party if they are competent enough to pay the loan.
In the given case Jessica considers the amount of liquid assets that the opposite party have, which is a reasonable criteria to understand the liquidity position.
