All categories

4 years ago

A review of the bank statement and accounting records of the Blake Company revealed the following items:

Business

1 answer:

Evgesh-ka [11]4 years ago

8 0

Answer:

a. Item numbers 2 and 4.

Explanation:

At the time of the bank reconciliation statement, there are two statements i.e book statement and the bank statement.

While at the time of recording the true cash balance, the following items should be deducted that are

1. Bank service charges

2. NSF checks

All other items are not relevant for subtracting it from the unadjusted book balance.

You might be interested in

onsider the market for purple potatoes below and assume that a price ceiling of $30 is imposed by the government. Calculate the

Troyanec [42]

Answer:

Deadweight loss is $5000

Explanation:

Calculation to determine what deadweight loss is

First step is to calculate the Change in quantity

Change in quantity =2500-2000

Change in quantity=500 unit

Now let determine the Deadweight loss

Using this formula

Deadweight loss =0.5* Change in quantity *(Willingness to pay at the price ceiling -Price ceiling)

Let plug in the formula

Deadweight loss =0.5*500*(50-30)

Deadweight loss=250*20

Deadweight loss =5000

Therefore the deadweight loss is $5000

3 0

3 years ago

Which interest-bearing account is best for people who won't need access to their money for several months or longer?

Alecsey [184]

The answer is A.
CD(<span>Certificate of Deposit)</span> is similar to a saving account, but it has additional perks. There is a minimum amount of money you have to deposit and you have to deposit that money for a certain amount of time (term). CDs have better interest rate than savings accounts, but if you withdraw your money before the term you pay penalties.
This makes them a good option for people have some extra money that they won't need in a near future.

3 0

3 years ago

Compute the present value of $46,000, invested for six years at 8%. Present value of $1: 5% 6% 7% 8% 9% 3 0.864 0.840 0.

Novay_Z [31]

Answer:

$72,996.20

Explanation:

PV=X(1+i)^n

i=8/100 = 0.08

X=$46,00

n=6

PV=46000 ( 1 + 0.08)^6

Pv=46000(1.08)^6

Pv=46000(1.586874)

Pv=72996.204

Pv=$72996.20

The present value of $46000 invested for six years at 8% is $72,996.20

6 0

3 years ago

What is NOT affected by decisions of the federal Open Market Committee?

natka813 [3]

I believe the answer is: D. bond prices

Bond prices is determined by the mutual agreement between the company who issue the bond and the investors who bought them along with its value in the market. federal Open Market Committee only has the jurisdiction in United States Treasury securities and banking operation.

5 0

3 years ago

Read 2 more answers

Eager, a tipped employee, reported to his employer that he had received $320 in tips during March. On the next payday, April 4,

Novay_Z [31]

Answer:

A. $35.34

B. $8.27

Explanation:

A. Calculation for The amount of OASDI taxes to withhold from Eager's pay

OASDI taxes to withhold =(320 + 250)*6.2%

OASDI taxes to withhold = $570 × 6.2%

OASDI taxes to withhold = $35.34

The amount of OASDI taxes to withhold from Eager's pay is $35.34

B. Calculation for amount of HI taxes to withhold from Eager's pay

HI taxes to withhold=(320 + 250)*1.45%

HI taxes to withhold =$570*1.45%

HI taxes to withhold= $8.27

Therefore The amount of HI taxes to withhold from Eager's pay is $8.27

6 0

3 years ago