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3 years ago

What item should you look for when adjusting your check register?

Business

2 answers:

Varvara68 [4.7K]3 years ago

8 0

Answer:

The payment and the Deposit

Explanation:

The check register is adjusted using the item: payment and the Deposit and from the point of view of the bank statement the item is the withdrawal and deposit.

Arisa [49]3 years ago

3 0

Answer:

The correct answer is: transactions and balances.

Explanation:

A Checkbook register is a tool that allows account holders to verify the transactions held in an account as well as the balance after those transactions. It is very important to take a look at it now and then to find out if those transactions match the movements the account holder has made to avoid incorrect charges or fraud.

You might be interested in

Assume that Amazon sells the MacBook Pro, a computer produced by Apple, for a retail price of $1,500. Amazon arranges its operat

tatuchka [14]

Answer: $150

Explanation:

Based on the information given in the question, the journal entry provided will be:

Debit Customer $1500

Credit Account Payable (Apple) $1350

Credit Commission income/Revenue $150

Therefore, the revenue that Amazon will recognize for the sale of one MacBook Pro is $150.

7 0

3 years ago

Suppose a bank has $600 million in deposits and $30 million in required reserves, and it is holding no excess reserves. What is

Kruka [31]

Answer:

Explanation:

Deposit= $600 million

Required reserve= $30 million

Required reserve ratio= required Reserve/deposit

= 30 million/600 million

= 0.05×100

= 5%

Hence the required reserve ratio is 5%

7 0

3 years ago

Spartan Corporation estimates that it will incur $200,000 of total manufacturing overhead cost at an estimated activity level of

bagirrra123 [75]

Answer:

Applied manufacturing overhead is $4,000

Explanation:

Given,

Total manufacturing overhead = $200,000

Activity level = 10,000 DLH

Predetermined overhead rate = $\frac{Manufacturing\ overhead\ cost}{Activity\ level}$

= $\frac{200,000}{10,000}$

=$20

Manufacturing overhead applied = predetermined rate × time required

= 20 × 200

= $4,000

Therefore, manufacturing overhead of $4,000 is applied to the job.

3 0

3 years ago

Smith Machining makes three products. The company’s annual budget includes $1,048,000 of overhead. In the past, the company allo

Flauer [41]

Answer:

The computation is shown below:

Explanation:

a. The company overhead rate based on direct labor is

= Total Overheads ÷ Direct Labor Hours

= $1,048,000 ÷ 40,000

= $26.2 per hour

b) Overheads Rate using Activity Based Costing is

= Cost ÷ Activity level

For Order Processing, it is

= $226,800 ÷ 14,000 orders

= $16.2 per order

For setups, it is

= $157850 ÷ 4,100 setup

= $38.5 per setup

For Milling, it is

= $395,850 ÷ 20,300 machine hours

= $19.5 per machine hour

For Shipping

= $267,500 ÷ 25,000

= $10.7 per shipment

We simply applied the above formula so that the per unit could come

6 0

4 years ago

Which budget or budget type should be used to meet the following needs? a. Upper management is planning for the next five years

Simora [160]

Answer:

a. A Strategic budget will be used by the upper management in planning for the next five years.

b. A flexible budget will be used by a store manager who wants to plan for different levels of sales.

c. A Cash budget will be used by an accountant who wants to determine whether the company has sufficient funds to cover expenses.

a. A Master Budget will be used by a CEO who wants to make companywide plans for the next year.

Explanation:

Strategic budget, is finnancial planing to achieve the long term goals of the company.

flexible budget is used for different level of sales volume.

Cash budget usted for forescast the cash balance.

Master Budget uses a schedule to present financial statements.

4 0

3 years ago