Answer:
The adjusted book balance at August 31 is $13,824
Explanation:
The computation of the book balance is shown below:
= Cash balance + EFT payment on a note receivable + interest on the note - forgot to record check - check printing service fee - NSF check
= $11,667 + $2,830 + $150 - $643 - $80 - $100
= $13,824
The remaining transactions would be adjusted to bank balance
Answer:
Returns
Explanation:
Returns on an investor is the amount of profit or gain an outlay of cash is able to bring at the end of a period.
Rate of returns on invested funds is used as a yardstick by potential investors in deciding which enterprise to fund.
In the given instance where each of the 80 billion pieces of advertising brought 21 cents in revenue, a better replacement for the word revenue is return.
So returns of funds invested on each piece of advertising is 21 cents.
Answer:
Among the possible answers to this question it is possible to find
a. Understatement of revenues, receivables and inventory.
b. Overstatement of revenues, and receivables and an understatement of inventory.
c. Understatement of revenues, and receivables and an overstatement of inventory.
d. Overstatement of revenues, receivables and inventory.
The correct answer is:
c. Understatement of revenues, and receivables and an overstatement of inventory.
Explanation:
If the invoice of the sale is not generated this would not communicate the message to the accounting department about the movement, reason why the income could not be registered which would result in the generation of receivables to the customers. Besides, the inventory would be affected since the merchandising would not be discount from the existing products inside the company, which will result in an overstatement of inventory.
Answer:
Countries improve efficiency through producing goods in which they have the lowest opportunity cost.
Explanation:
