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
Mnenie [13.5K]
3 years ago
5

Malik Corp.'s bank statement has an ending balance of $50,000. The deposits in transit were $6,000. NSF checks were $1,000. Chec

ks outstanding at the end of the month were $3,000. Using the bank statement, what is the corrected cash balance?
Business
1 answer:
olya-2409 [2.1K]3 years ago
6 0

Answer:

Corrected cash balance =

Ending balance           = $50,000

Deposit in transit         = + $6,000

NSF Checks                 =  - $1,000

Outstanding checks    <u>=  - $3,000</u>

Corrected cash balance = $52,000

Explanation:

To make Adjustments to the cash balance, follow these steps;

  • Ending Balance from Bank statement
  • Add Deposits in Transit
  • Deduct NSF checks
  • Deduct Outstanding checks

You might be interested in
How might a marketing manager for a manufacturer of turboprop engines, used in private jet planes, use the naics to help her wit
makvit [3.9K]
<span>The manager could keep track of the NAICS number from their best customers and find a list of companies with identical NAICS numbers. He/she could also find the numbers for all government units, including local, state and federal. NAICS are very useful for analyzing target customers.</span>
3 0
3 years ago
6. Microsoft Word's spell checker
Helen [10]
B makes more sense it should be it
5 0
3 years ago
Hi do we need a pets permit when traveling on southwest airline on a domestic flight ?
Yuki888 [10]

Southwest Airlines welcomes small vaccinated domestic cats and dogs in an appropriate pet carrier in the aircraft cabin. Pets are not allowed to travel in-cabin on international flights or any itinerary that includes an international flight. We also do not transport pets to or from Hawaii.

8 0
3 years ago
The Jones family has a disposable income of $90,000 annually. Assume that their marginal propensity to consume is 0.8 (the Jones
oksian1 [2.3K]
The Jones Family has an annual consumer spending of $82,000. This is calculated using this formula: C = A +MD where C is the consumer spending, A is the autonomous consumption spending, M is the marginal propensity to consume, and D is the disposable income. Thus, the calculation is C = $10,000 + (0.8)($90,000). Giving C a value of $82,000.
6 0
3 years ago
ECONOMICS, PLEASE HELP.
Nina [5.8K]

Equilibrium is the point where supply meets demand. Look at the table and see where those two columns are the same.

For B. look at the chart and see at 1,50 rent (the first column) the demand is greater than supply or not. If demand is less than supply, there is a surplus. If demand is higher, there is a shortage.

This applies to question C as well. Look at the first column, find the rent, and see if there is more supply or more demand.


3 0
3 years ago
Other questions:
  • Tami Strand’s regular hourly wage rate is $10, and she receives an hourly rate of $20 for work in excess of 40 hours. During a J
    7·1 answer
  • Being able to calculate a healthy margin analysis will help the research &amp; development department understand how to change t
    9·1 answer
  • The following accounts are from last year’s books at Sharp Manufacturing: Raw Materials Bal 0 (b) 154,000 (a) 164,000 10,000 Wor
    7·1 answer
  • A study finds that during​ blizzards, online sales are highly associated with the number of snow plows on the​ road; the more​ p
    8·1 answer
  • What is brand awareness?
    8·2 answers
  • Employee morale, timeliness of delivery, and the reactions of customers are examples of nonfinancial factors that should be cons
    14·1 answer
  • Crawford Inc. has bonds outstanding during a year in which the general (risk-free) rate of interest has risen. Crawford elected
    11·1 answer
  • The assumption of continuity says that:
    14·2 answers
  • Jefferson Cleaning signed an agreement with Willis Company on December 15 to provide cleaning services every Friday. The service
    9·1 answer
  • How can i earn from Brainly <br> Someone is there to help me <br> Plzzzzzzzzzzzzzzzzzzzzzzzzz
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!