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Dafna11 [192]
3 years ago
10

Kingbird, Inc. assembled the following information in completing its March bank reconciliation: Balance per bank $21800 Outstand

ing checks $4425 Deposits in transit $7150 NSF check $460 Bank service charge $145 Cash balance per books $25080 As a result of this reconciliation, Kingbird will
Business
1 answer:
igomit [66]3 years ago
8 0

Answer:

Kingbird will have an Updated Cash Balance of $21,800

Explanation:

<em>First Step is to Update the Bank Balance in the Cash Book</em>

Debit :

Cash Balance before adjustment     $25,080

Dishonored Cheques                            $460

Totals                                                  $25,540

Credit:

Bank service charge                               $145

Balance as per updated Cash Book $25,395

Totals                                                  $25,540

<em>Then Prepare a Bank Reconciliation Statement</em>

<u>Bank Reconciliation Statement</u>

Balance at Bank as per Cash Book $25,395

Add Unpresented Cheques                $7,150

Less Lodgements not yet credit        ($4,425)

Balance as per Bank Statement       $21,800

<u>Conclusion.</u>

Kingbird will have an Updated Cash Balance of $21,800

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Following are the solution to this question:

Explanation:

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3 years ago
A resort hotel is planning to install a computerized inventory system to manage complementary guest items such as soap and shamp
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Answer:

a) safety stock = z-score x √lead time x standard deviation of demand

z-score for 99.9% = 3.29053

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standard deviation of demand = 3

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EOQ = √[(2 x $10 x 5,840) / $0.05] = 1,528.40 ≈ 1,528 soaps

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4 0
2 years ago
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kenny6666 [7]

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Statements "A" is true.

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During a financial recession and a cynical domain, the yield spread between government securities and corporate securities could be higher than during great monetary occasions. This is because the grounds that during a recession, corporate securities would convey more hazard, (for example, higher default chance) than during great monetary occasions. To make up for this extra hazard, financial specialists would request more returns.

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Explanation:

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3 years ago
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Answer:

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