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
ratelena [41]
2 years ago
6

Which of the following items must be added to the cash balance per ledger in preparing a bank reconciliation which ends with adj

usted cash balance? a Service charge b NSF customer check c Erroneous bank debit d Note receivable collected by bank in favor of the depositor and credited to the account of the depositor
Business
1 answer:
astraxan [27]2 years ago
7 0

Answer: Note receivable collected by bank in favor of the depositor and credited to the account of the depositor

Explanation:

A bank reconciliation is when the records for a cash account of an entity are been matched to the corresponding information that are provided on a bank statement.

When preparing a bank reconciliation which ends with adjusted cash balance, the note receivable collected by bank in favor of the depositor and credited to the account of the depositor must be added to the cash balance per ledger.

You might be interested in
If you see someone moving furtively around your home what should you do
7nadin3 [17]
In this situation, i will probably call 911 and directly report the situation to the police as soon as possible. That person may be there for some innocent resorts, but his/her behavior is really suspicious and it is better to take precaution rather than have to deal with potential unwanted consequences
3 0
3 years ago
AutoZone and O'Reilly are two competitors in the retail automotive parts industry.
sineoko [7]

Answer:

Gross Profit Margin: 53 % and 54%

Inventory days outstanding: 249 days and 252 days.

Explanation:

Gross Profit Margin = Gross Profit / Sales * 100

Gross profit = Sales - Cost of Goods Sold

Gross Profit :

Year 1 : 10,498,448 - 4,860,309 = 5,638,139

Year 2 : 8,277,782 - 3,804,031 = 4,473,751

GP margin :

Year 1 = 53%

Year 2 = 54%

Days of inventory :  Average inventory / Cost of Sales * 365 days

Year 1 : 3,320,864 / 4,860,309  * 365 = 249 days

Year 2 : 2,632,898 / 3,804,031 *365 = 252 days

7 0
2 years ago
The night before a midterm exam, you decide to go to the movies instead of studying for the exam. You score 60 percent on your e
Aleks [24]

Answer:

10% of exam score

Explanation:

Opportunity Cost is the cost of next best alternative, foregone (sacrifised)  while making a choice.

Example : If a person has option to have an apple or an orange, & choses to have apple. The opportunity cost of having an apple is the sacrifised orange.

Given : A night before mid time exam, spent while watching movies - later lead to fall in exam grade from 70 % to 60%

The opportunity cost of movies watched, is the sacrifised grade of exam, which would have gotten, if the time would have spent in studying. The corresponding grade lost = 70% grade achievable - 60% grade achieved. Hence, the opportunity cost = 10% of exam score.

4 0
3 years ago
Carlos is the manager of an American company. He expects the value of the British pound to appreciate in the near future and so
Inga [223]

<u>Answer:</u> Speculation.

<u>Explanation:</u>

Carlos tries to make a profit through exchange rates. Carlos is a speculator who tries to make profit through market fluctuations. The strategy is a risky strategy as the speculators based on their knowledge about the market make decisions accordingly.

Carlos is planning to receive the appreciated value of British Pounds so that he receives the same amount as mentioned in the contract but makes profit out of exchange rates and books FX profits in his books of accounts.

3 0
3 years ago
Tangerine Tangerine ink Target capital structure is 20% debtthe following information about sleep please Corporation a company h
Tasya [4]

16% is the answer.

<u>Explanation:</u>

<u>The following is used in order to calculate the cost of the retained earnings. </u>

The Calculation of cost of retained earnings by using bond yield plus the risk premium method

= Long term bond yield + the risk premium

The Long term bond yield = 12 percent

The risk premium = 4 percent

Cost of retained earnings = 12 percent plus 4 percent = 16 %

Therefore, the correct option will be with the 16 percent .

7 0
3 years ago
Other questions:
  • The financial statements of Calloway Company prepared at the end of the current year contained the following elements and corres
    6·1 answer
  • Amber is in charge of preparing an annual budget for her company. As part ofthe budgeting process, she must estimate cost of goo
    12·1 answer
  • In an economy, the government wants to decrease aggregate demand by $24 billion at each price level to decrease real GDP and con
    10·1 answer
  • Mary is 16 years old and promises her mother that she will not smoke cigarettes until she is 18, the age under state law for leg
    8·1 answer
  • Camping Out Co. manufactures down sleeping bags:
    15·1 answer
  • What federal agency or agencies is/are responsible for: _______
    8·1 answer
  • Consumer mobility refers to the idea that consumers like to find the same products everywhere. An example of a company that sell
    10·1 answer
  • What's the difference between a tax and a levy?
    5·1 answer
  • Apple's products are well known and valued because the demand, customer loyalty, and company's price premium rank high in the co
    5·1 answer
  • suppose that the publisher of this textbook sets the price of the textbook to $90, and the current resale value is $60. at this
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!