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yuradex [85]
3 years ago
11

Wilson Company had the following cash balance items listed in its trial balance at 12/31/2021: Peterson Savings and Loan: $ 50,0

00 Right Bank: (5,000) Clinton County Trust Bank: 10,000 If Wilson reports under U.S. GAAP, its 12/31/2021 balance sheet would show what cash balance?
Business
1 answer:
lisabon 2012 [21]3 years ago
7 0

Answer:

$55,000

Explanation:

Given that,

Trial balance at 12/31/2021:

Peterson Savings and Loan = $ 50,000

Right Bank = (5,000)

Clinton County Trust Bank = 10,000

Therefore,

The Cash Balance will be :

= Peterson Savings and Loan + Trust Bank - Right Bank

= $50,000 + $10,000 - $5,000

= $55,000

The Cash Balance would be $55,000.

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Answer:

The cross over is at 1800 units annually. for volumes over 1800, the process focus is cheaper.

Explanation:

The crossover is at 1800 units annually.

For volumes under 1800, the process focus is cheaper and lesser; for volumes that are over 1800 units, the repetitive manufacturing focus is cheaper and lesser

Fixed cost ÷ variable cost

$90000÷50 =$1800

$9,000÷5=$1800

4 0
3 years ago
What would happen to the buying power of your investment after one year if your rate of return was 8% and the rate of inflation
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Batman parked the Batmobile himself and kept the bat keys. There was no attendant at the lot. Two hours later, Batman left the r
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Answer:

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5 0
3 years ago
On January 1, 2014 the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $30,000 and $500, respect
san4es73 [151]

Answer:

correct option is $750

Explanation:

solution

we know here that Net balance of opening accounts receivable is

Net balance of opening accounts receivable = $30000 - $500

Net balance of opening accounts receivable = $29500

and

Credit sales during the year is here $7500 0

and Cash payments received = 74550

so

uncollecectible account expenses = credit sales × % of sale uncollectible

so uncollecectible account expenses = $75000 × 1%

uncollecectible account expenses  = $750

so correct option is $750

8 0
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Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information below for a
Angelina_Jolie [31]

Answer and Explanation:

The computation of the ending balance in the work in process inventory for each department is shown below:

For Cutting department

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And, for binding department

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= $1,200 + $2,862 + $3,800 + $9,332 + $19,475 - $31,000

= $5,669

8 0
3 years ago
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