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My name is Ann [436]
3 years ago
8

The balance shown in the August bank statement of a company was $22,800. After examining the August bank statement and items inc

luded with it, the company's accountant found: Checks outstanding $ 4,200 NSF check 150 Note collected by bank for the Colt Company 1,500 Deposits outstanding 2,000 Bank service fees 50 What is the amount of cash that should be reported in the balance sheet as of August 31
Business
1 answer:
Elena-2011 [213]3 years ago
7 0

Answer: $20,600

Explanation:

In calculating the amount of cash that should be reported in the balance sheet as of August 31, we add the deposits Outstanding because that is money that we are getting. We then subtract the checks Outstanding because that is money we are to pay. These are the 2 balances to be concerned with.

The cash balance will therefore be,

= Bank account balance + Deposit Outstanding - Checks Outstanding

= 22,800 + 2,000 - 4,200

= $20,600

$20,600 is the amount of cash that should be reported in the balance sheet as of August 31.

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Answer: A. When the number of interested parties is large and bargaining costs are high.

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The Coase Theorem is a legal and economical theory used to describe competitive markets. When the competitive markets are high, bargaining costs are high because each company is is fighting for use of the production and distribution channels. There are efficient input and output levels in a competitive market.

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3 years ago
The board of directors of Nash's Trading Post, LLC declared a cash dividend of $1.00 per share on 30000 shares of common stock o
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3 years ago
An airport parking lot charges $5.00 for the first two hours of parking and $0.75 for each additional half hour or part thereof.
VLD [36.1K]

Answer:

$14

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I hope my answer helps you

3 0
3 years ago
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Answer:

LEGAL

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3 years ago
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