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Monica [59]
3 years ago
14

Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May, the general ledger checking

account showed a balance of $1,360 and the bank statement showed a bank balance of $1,445. Outstanding checks totaled $350 and deposits in transit were $150. The bank statement listed service charges of $30 and NSF checks totaling $85. The corrected cash balance is: Multiple Choice 1. $1,130. 2. $1,160. 3. $1,245. 4. $1,445.
Business
1 answer:
Zepler [3.9K]3 years ago
5 0

Answer:

Option (3) $1,245

Explanation:

Data provided in the question:

General ledger checking account  balance = $1,360

Bank balance on bank statement = $1445

Deposits in transit = $150

Outstanding checks = $350

Bank statement service charges = $30

NSF checks = $85

Now,

The Correct cash balance will be

                  Bank balance on bank statement              $1,445

Add :          Back deposits in transit                               $150

Subtract :  Outstanding checks                                     $350

----------------------------------------------------------------------------------------------------

Correct balance                                                             $1,245

Hence,

Option (3) $1,245

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Answer:

Annual market potential = $85,848 millions

Explanation:

The annual market potential is the expected sales value for the soft drink product  for a year should the maximum number of potential consumers purchase the product at the average price.

Annual market potential = Average price × No of consuming unit × consumption rate per annum

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Consumption rate per buyer per annum = 365

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Annual market potential ($) = 0.98× 240× 365 =$85,848 millions

Annual market potential = $85,848 millions

6 0
3 years ago
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Limited liability company

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2 years ago
Which of the following descriptions are not correct for a push system? (1). There is no clear visibility between processes (2).
ohaa [14]

Answer:

The correct answer is (2)The workers on shop floor lack the autonomy to stop the manufacturing on their own initiative.

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8 0
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Choose the correct statement.
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D. The outlet substitution bias injects an upward bias into the CPI

Explanation:

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Answer:

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6 0
3 years ago
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