Answer:
Adjusted balance = $23,387
Explanation:
Franklin Company
Bank Reconciliation statement
Bank balance as of August 31 $21,837
Add: Deposit in transit <u> $ 7,350</u>
$29,187
<u>Less: Outstanding check $(5,800)</u>
Adjusted cash balance $23,387
Cash balance as of August 31 $22,662
Add: Collection of Note receivable <u> $ 870</u>
$23,532
<u>Less: Bank service charge $( 145)</u>
Adjusted cash balance $23,387
Answer:
B. equity financing
Explanation:
Equity financing involves giving up part of the company because it will have to be shared with the partners of the organization who are usually the investors.
<span>A detailed report is a report
that usually lists only transactions. From the name itself, detailed report
gives you very detailed information regarding the value of time spent by every
member in a certain tasks within a given projects. It also displays table with data categorizes
by users, tasks, and projects, billable time and amount.</span>
Answer:
$100,000
Explanation:
Jones incurs $1.2 million in cost and estimates that during year 3 an additional $1.1 million will be necessary to complete the project
additional costs for year 3 over the estimated costs represent an additional loss}
Answer:
Yes $30 agsinst $19.50
The variable cost for the first 50 untis is $17.50
Yes $30 against $27.25
average variable cost for the first 100 units $26.25
Marginal cost for the first 50 units: 17.50 which is lower than marginal revenue
from 51 units and subsequent untis: 35 which is higher than marginal revenue
It will produce 50 units achieving $525 of profit
Explanation:
$100 fixed cost /50 units + 17.50 = 19.50 average cost
selling price: $30
100 fixed cost + 17.50 x 50 + 35 x 50 = 2725
total cost 2,725 / 100 units = 27.25 unit average cost
selling price $30
($17.50 x 50 + $35 x 50)/100 = 26.25
After the 50untis our profit will decrease as the marginal revenue is lower than marginal cost thus, we stuop production at the 50 units:
50 x 30 - 100 fixed cost - 17.50 x 50 variable cost = 525 profit
