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3 years ago

From the following particulars of Purple New Co., prepare the bank reconciliation statement as on May 31, 2016.

Business

1 answer:

juin [17]3 years ago

5 0

Answer:

Explanation:

Bank reconciliation statement:

Cash account balance $3950

Less: Deposit in transit ($900)

Less: Bank service charges ($75)

Add: Interest added to the checking account by the bank $150

Add: Checks outstanding $960

Less: Check drawn incorrectly charged by the bank ($85) [150-65]

Adjusted balance $4,000

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VikaD [51]

This tendency of hers exemplifies a fundamental attribution error. The fundamental attribution error, FAE, this theory explains that people use internal characteristics to explain behavior rather than external factors. With FAE, people tend to overemphasizes person characteristics and ignore small factors when judging others behavior in various situations.

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3 years ago

A small apartment property is estimated to have potential gross income of $ 25,000. Vacancy and collection losses are expected t

Bezzdna [24]

Answer:

the market value of the property would be $138,542.

Explanation:

To calculate the market value of the property , we need to divide the net operating income by the capitalization rate, in the question we have been given the capitalization rate but the operating income is not available to us. So with the help of given potential gross income we will calculate the effective gross income and then from it we will calculate the net operating income, lets see how to do step wise calculation -

POTENTIAL GROSS INCOME - $25,000

(-) VACANCY AND COLLECTION LOSSES = 5% X $25,000

= $1250

EFFECTIVE GROSS INCOME = $23,750

Now from this we will subtract the operating expenses to get net operating income -

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(-) OPERATING EXPENSES = 30% X $23,750

= $7125

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3 years ago

accounting A John Deere tractor acquired on January 4 at a cost of $120,000 has an estimated useful life of 25 years. Assume tha

Sedbober [7]

Answer:

$4,800 each

Explanation:

The computation of the depreciation expense for the first two year under the straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($120,000 - $0) ÷ (25 years)

= ($120,000) ÷ (25 years)

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In this method, the depreciation is same for all the remaining useful life

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3 years ago

Your company sells consulting services in legal forecasting to multinationals studying foreign market entries. In some countries

enot [183]

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<h3>What is the difference between domestic and foreign markets?</h3>

The difference between domestic and foreign markets is that a company offering forecasting legal decisions will be very more familiar with the domestic market than the decisions that can be taken in foreign markets.

Chances are that when your company, which sells consulting services to multinationals, is forecasting legal decisions in domestic markets, the predictions will be MUCH MORE accurate than when forecasting legal decisions in foreign markets.

Learn more about domestic and foreign markets at brainly.com/question/15115779

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3 years ago

Your mayor just announced that the local unemployment rate dropped from 10.5% to 10.4% from the prior month. Evaluate the unempl

nikitadnepr [17]

Answer:

Not enough information

Explanation:

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3 years ago