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mestny [16]
3 years ago
5

The checkbook of Vance Company had a balance of $2,210.55. The bank statement showed a balance of $4,918.18. The bank collected

a $2,000 note less a $5 service charge. There was a deposit in transit of $610.88. Several checks outstanding totaled $1,196.17. Vance collected $42.33 in interest on the checking account. Vance recorded a $300 check for $400. The bank service charge is $14.99. What is the adjusted reconciled balance?
Business
1 answer:
Vikentia [17]3 years ago
6 0

Answer:

$4,332.89

Explanation:

The adjusted reconciled checkbook balance will include:

    checkbook balance                                         $2,210.55

    + bank collect note                                         $2,000.00

    - fee for collecting the note                                 ($5.00)

    + earned interest                                                  $42.33

    + difference in recording a check $400 - $300 = $100

   <u> - banking service charge                                   ($14.99)  </u>

    total =                                                              $4,332.89

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Which of the following statements is false regarding the risk assessment component of internal control? a. Risk assessment inclu
natali 33 [55]

Answer:

Economic changes would not be considered a risk that needs to be analyzed as part of the risk assessment process.

Explanation:

Risk assessment is the process of identifying events that could potentially cause harm, to an individual, business or the environment and analysing them to get an acceptable tolerance level.

Risk assessment determines the likelihood of an event happening, it's impact, and tolerability the entity can take.

The environment is a major consideration of risk assessment, as risk is always inherent as business interacts with its environment.

7 0
2 years ago
Bryson Corporation purchased a limited-life intangible asset for $1,162,500 on May 1, 2018. It has a remaining useful life of 15
Nastasia [14]

Answer:

$206,667

Explanation:

Calculation for What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020

Using this formula

Total Amortization expense=Cost/useful life*Number of months

Let plug in the formula

Total Amortization expense=$1,162,500/180*32

Total Amortization expense=$206,667

Note that 15 years*12months will give us 180 months which is the useful life while May 1, 2018 - December 31, 2020) will give us 32 months

Therefore the total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020 will be $206,667

5 0
2 years ago
Suppose that production for good X is characterized by the following production function, Q = K0.5L0.5, where K is the fixed inp
Ad libitum [116K]

Answer:

B). $12

Explanation:

As per the given data, the AFC(Average Fixed Cost) for employing 25 factors of labor and 16 factors of capital would be $12.

We are given the production function,

Q = K^{0.5} L^{0.5}

where,

K = allotted input in short-term

Rental rate of each unit/factor(r) = $15

Wage per factor(w) = $5

As we know, the two inputs are labor, as well as, capital;

To find AFC, we need TC;

so,

TC = (Fixed cost + Variable cost)

TC = (240(15 * 16) + 125(25 * 5) = 365

Thus,

AFC = $ 12

8 0
2 years ago
Governments would decrease government expenditures to fight a/an ______________ gap. Due to this change in G, the budget balance
dlinn [17]

Governments would decrease government expenditures to fight an inflationary gap and due to this change in G, the budget balance (BB) would reduce.

<h3>What is budget?</h3>

It should be noted that a budget simply shows the revenue and expenditure for a period of time.

In this case, governments would decrease government expenditures to fight an inflationary gap and due to this change in G, the budget balance would reduce.

Learn more about budget on:

brainly.com/question/6663636

#SPJ1

4 0
2 years ago
When a manager leaves his or her job to accept a job at another organization, the organization left behind is experiencing?
Butoxors [25]
<span>When a manager leaves his or her job to accept a job at another organization, the organization left behind is experiencing 'attrition'. Attrition means the reduction in employees in a company due to retirement and resignation. It may cause loss of employee talent and increased competition with rival companies.</span>
7 0
3 years ago
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