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Valentin [98]
2 years ago
7

Using the following information, prepare a bank reconciliation for Hintz Company for July 31, 2022. a. The bank statement balanc

e is $3,506. b. The cash account balance is $3,930. c. Outstanding checks totaled $1,285. d. Deposits in transit are $1,670. e. The bank service charge is $30. f. A check for $98 for supplies was recorded as $89 in the ledger.
Business
1 answer:
Karo-lina-s [1.5K]2 years ago
5 0

Answer:

Explanation:

The preparation of the bank reconciliation for Hintz Company for July 31, 2022 is shown below:

Bank statement balance $3,506

Add: Deposits in transit $1,670

Less: Outstanding checks ($1,285)

Adjusted bank balance $3,891

Cash account balance $3,930

Less - supplies error    ($9)                               ($98 - $89)

Less - bank service charge ($30)

Adjusted cash balance $3,891

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worty [1.4K]
I think the answer is D
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Hayley, from California, arrived in Saudi Arabia and immediately noticed that the way Saudi men treat women is vastly different
Jet001 [13]

Answer:

The answer is 1. Culture shock

Explanation:

What is culture shock?

According to Merriam-Webster, culture shock is defined as the sense of confusion and uncertainty sometimes with feelings of anxiety that may affect people exposed to an alien culture or environment without adequate preparation.

With the definition above, it is therefore safe to say that, in the case of Hayley feeling uncomfortable and disoriented in a new environment, she is experiencing Culture Shock.

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3 years ago
If a firm borrows ​$8 comma 000 from households at an annual interest rate of 6 ​percent, how much will the firm pay in interest
laila [671]

Answer:

The firm will pay 480 dollars each year as interest payment.

Explanation:

The interest amount is calculated by multiplying the rate of interest with the amount borrowed. In problem loan is 8,000 dollars and rate of interest is 6%, so the interest amount will be calculated as follow

Interest payment = 8,000 * 6% = 480 dollars

8 0
3 years ago
Golden Generator Supply is approached by Mr.​ Stephen, a new​ customer, to fulfill a large​ one-time-only special order for a pr
pshichka [43]

Answer:

A. ​$869

Explanation:

If it charges a price below of their full cos and mark-up it wouldn't be able to sustain it in the long-term

When company's receive a one-time-only then, they may be willing to charge a lower price to cover a portion of their fixed cost when there is spare capacity but, in long-term they will have to charge at full cost else, they will lose money

3 0
2 years ago
The accounting records of Bramble Corp. show the following data. Beginning inventory 2,830 units at $8 Purchases 8,110 units at
djyliett [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Beginning inventory 2,830 units at $8

Purchases 8,110 units at $10

Sales 9,418 units at $13

Average cost= (8 + 10)/2=9

FIFO (first-in, first-out)

COGS= 2,830*8 + 6,588*10= $88,520

LIFO (last-in, first-out)

COGS= 8,110*10 + 1,308*8= $91,564

Average cost method:

COGS= 9,418*9= $84,762

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2 years ago
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