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
When Alex, the marketing manager of Hartwell Inc., realized that his plan to increase sales levels was not producing the results
nadya68 [22]

Answer:A

Explanation:

Planning

7 0
3 years ago
You have set a par value of 25 chicken cutlets. Your inventory says you have 10 on hand from last night. How many should you ord
alina1380 [7]
15? since you have 10 left on hand after last night's inventory check you should get 15 if you don't know the rate at which each are sold.
3 0
3 years ago
When they use Internet ads, marketers get their audience involved by using
djverab [1.8K]

Answer:

a

Explanation:

a just did it

3 0
2 years ago
Read 2 more answers
Under market organization, individuals can communicate their preferences to other decision makers directly, through communicatio
salantis [7]

Answer:

B) False

Explanation:

The way the transaction takes place on the market is the Market Organization. Over time it's determined by a combination of factors: chance events (e.g., technical innovations, locations), financial and physical limitations (transaction costs, intelligence cost, manufacturing costs)etc.

8 0
3 years ago
Assume that a college student spends her income on Coke and Snickers. During finals week, the price of a Snickers candy bar is $
Ratling [72]

Answer:

The answer is: 10 Snickers bars and 20 cans of Coke.

Explanation:

To find out what combination she can buy with her total income ($32.50) we can just multiply the price of each product by its quantity;

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (24 x $0.75) + (12 x $1.25) = $33     SHE CAN´T AFFORD TO BUY

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (22 x $0.75) + (14 x $1.25) = $34     SHE CAN´T AFFORD TO BUY

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (15 x $0.75) + (18 x $1.25) = $33.75     SHE CAN´T AFFORD TO BUY

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (10 x $0.75) + (20 x $1.25) = $32.50    <u> </u><u>SHE CAN AFFORD TO BUY</u>

8 0
3 years ago
Other questions:
  • Danielle has asked some closed-ended questions to start an interview; then some open-ended questions. Now she wants to really wa
    5·1 answer
  • The income statement of Sarasota Company is shown below. SARASOTA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
    15·1 answer
  • At the end of January, Mineral Labs had an inventory of 895 units, which cost $12 per unit to produce. During February the compa
    14·1 answer
  • According to Hofstede's framework, a culture that scores low on ________ is characterized by individual stability and reputation
    7·1 answer
  • Absent government regulations to guard against​ fraud, why might top managers deceive investors about the true financial condi
    12·2 answers
  • On 1/1/2020, Studebaker Corp. had an Accounts Receivable balance of $500,000 and an Allowance for Doubtful Accounts balance of $
    15·1 answer
  • Tate Industries stock is selling for $20 a share. You would like to purchase as many shares of this stock as you can. Your margi
    15·1 answer
  • At February 1, 2022, the balance in Wildhorse Co. supplies account was $3780. During February Wildhorse purchased supplies of $3
    5·1 answer
  • Effective project teams have a results orientation; each person has a strong commitment to accomplishing the project objective .
    14·1 answer
  • Your client and her husband agreed to split the following lifetime cash gifts: Total Gifts to Son Total Gifts to Daughter 2014 $
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!