1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
A ________ is made up of a company, its suppliers, distributors, and, ultimately, customers who "partner" with each other to imp
nevsk [136]
The answer to this question is the term Value delivery network. A Value delivery network is a system that is made up of the participants like the company, suppliers, distributors that are all involved in the marketing, distributing, production, and even the customer service of the goods and services in a specific or geographic area / market. This team partners together for a common goal, to provide good service.
4 0
3 years ago
mazie is on the board of directors for belltone corporation, a corporation that manufactures hearing aids. mazie has not attende
DedPeter [7]

The shareholders have the authority to remove a director in this scenario when only one member of the board of directors refuses to step down.

What is board of directors?
A board of directors, also known as the board or simply the board, is an executive committee that collectively oversees the operations of an organisation. This organisation may be for-profit or nonprofit, such as a <u>company, nonprofit, or government agency</u>.

Governmental regulations, including the corporate law of the applicable jurisdiction, as well as the organization's possess constitution and by-laws, set forth the rights, obligations, and obligations of a board of directors. These authorities may determine the number of board members, the process for selecting them, and the frequency of their meetings.

The full membership of an organisation that has voting members, who typically elect the board members, is responsible to and may be subordinate to the board in such an organisation.

Because In general, the sole authority to remove a director rests with the shareholders. A resolution to remove a director must be approved by a majority of shareholders at a special general meeting.


To learn more about board of directors
brainly.com/question/28201050
#SPJ4

8 0
1 year ago
During the past six months, Ben sold goods that cost $43,500, his
cupoosta [38]

Answer:

for this problem the answer would be A. 3.08

Explanation:

Add the expenses and freight (3,500+1,750)

Subtract that from 43,500 (43,500-5250 which equals 38,250). Divide 38,250 by 12,400.

38,250÷12,400=3.08

6 0
3 years ago
Kwan wants to open a new business in his own country, Singapore. He has decided on a form of licensing that will provide him wit
Sidana [21]

Answer:

A

Explanation:

Direct sales

3 0
3 years ago
Which phrase best completes the diagram?
igomit [66]
Low gross domestic product
7 0
3 years ago
Other questions:
  • Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first qu
    11·1 answer
  • A faxed acceptance of a contract becomes effective instantaneously when the transmission lines are open and both sending and rec
    5·1 answer
  • When Coca-Cola purchased first a part and then all of Honest Tea, what would have been appropriate ways to help this change be s
    10·1 answer
  • For products with a high degree of ______________________, in-store sampling (e.g., handing out tasting samples of new food item
    13·1 answer
  • Who remabers portal?
    13·2 answers
  • Many employment contracts have mandatory arbitration clauses.<br><br><br> False<br><br> True
    8·1 answer
  • Evaluate the benefits and limitations of the change to the operations process being planned by the managing director.
    10·1 answer
  • Employee ExemptionsIdentify each job as generally being considered exempt or not from minimum wage or overtime pay (write a or b
    15·1 answer
  • What are cost drivers for airlines?
    13·1 answer
  • Public transportation is an inferior good. if consumers' incomes decrease, this will cause:____.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!