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yanalaym [24]
2 years ago
14

he following information was taken from a company’s bank reconciliation at the end of the year: Bank balance $ 9,000 Checks outs

tanding $ 7,100 Note collected by the bank $ 1,600 Service fee $ 28 Deposits outstanding $ 5,300 NSF check $ 440 What is the correct cash balance that should be reported in the company's balance sheet at the end of the year?
Business
1 answer:
QveST [7]2 years ago
7 0

Answer:

$7,200

Explanation:

Data given in the question

Bank balance $9,000

Checks outstanding $7,100

Note collected by the bank $1,600

Service fee $28

Deposits outstanding $5,300

NSF check $440

The computation of the correct cash balance is shown below:

= Bank balance + Deposits outstanding - Checks outstanding

= $9,000 + $5,300 - $7,100

= $7,200

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Once a company has diversified into a collection of related or unrelated businesses and concludes that some strategy adjustments
Vladimir [108]

Answer: Craft new initiatives to more strongly differentiate the various products/services in each of the company's businesses and thereby enhance the competitive power and reputation of the company's brand name

Explanation:

Once a company has diversified into a collection of related or unrelated businesses and concludes that some strategy adjustments are needed, the one that isn't one of the main strategy options that the company can pursue is crafting new initiatives to more strongly differentiate the various products or services in each of the company's businesses and thereby enhance the competitive power and reputation of the company's brand name.

This is because some strategies adjustment are needed and enhancing its competitive power isn't the right thing to do.

3 0
3 years ago
With good internal​ controls, the person who handles cash can also
Nitella [24]

Answer: None of the above.

Explanation:

The correct answer will be "None of the above." The person who handles cash cannot issue credits to customers on sales returns. This could be because their job function does not include this process.

The person also may not account for cash receipts to customers. They can also not account for cash purposes. This could also be because these processes are not included in the persons job function or duties.

Each job function has a clear set of duties that one can perform. Each business has different jobs for people and this particular one does not allow for the person handling cash to do anything else.

3 0
3 years ago
If you had a two-regressor regression model, then omitting one variable that is relevant:
makvit [3.9K]

Answer:

D. can result in a negative value for the coefficient of the included variable, even though the coefficient will have a significant positive effect on Y if the omitted variable were included

Explanation:

8 0
3 years ago
4. Suppose you have two credit cards. The first has a balance of $410 and a credit limit of $1,000. The second has a balance of
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Number 4 is a number 5 is d
4 0
3 years ago
Read 2 more answers
The predetermined manufacturing overhead rate for the year was 140% of direct labor cost; employees were paid $17.50 per hour. I
Aleks04 [339]

Answer:

D. $ 367.500

Explanation:

We have to first compute the total direct labor cost. This is done by multiplying the estimated direct labor hours with the hourly rate.

Total Direct Labour costs $ 17.50 per hour * 15,000 hours  =  $ 262,500

Estimated manufacturing overhead per the data in the question is 140 % of Direct labor cost,

Estimated manufacturing overhead is $ 262,500 * 140 % = $ 367,500

5 0
3 years ago
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