Answer: $746
Explanation:
Scarlet Co.
Bank Reconciliation
Cash balance per books $842
Add:
Outstanding check #643 $642 Outstanding check #651 $57
Interest received from $33
Less:
Bank service charges. $39
Deposits in transit $330
Customer check returned $90
Balance as per bank $1,115
The amount of cash that should appear on the balance sheet following completion of the reconciliation and adjustment of the accounting records is:
$1,115 + $330 - ($642 + $57) = $746
Answer:
There supposed to be given that info when applying for the job or in meeting! hope it helped :))
Looking at the relationship between elasticity and total revenue, we can say that the option that is right to chose is
<em>e. None of the above</em>
Explanation:
Relationship between elasticity of the product revenue and the good price is so that there are a lot of variables to determine its effect on the total revenue of that said product.
This can be the demand supply change as well as the demand cost and the production cost of the production that must be taken into account before we begin to find a relation between their elasticity.
This makes them more vulnerable to change and thus leaves little chance to determine a relation,
Answer:
Actual price= $1.6 per unit
Actual price= $3.2 per set
Explanation:
<u>To calculate the actual price, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
400= (1.8 - actual price)*2,000
400= 3,600 - 2,000actual price
2,000actual price = 3,200
actual price= $1.6 per unit
Answer:
POAR = $29 per hour
Explanation:
<em>The overhead absorption is a per-determined rate which is used to charge overheads to production units. Note that this rate is computed using estimated figures</em>
The rate is computed as follows:
Pre-determined overhead absorption rate (POAR)
POAR = Budgeted overhead for the period/Budgeted direct labour hours
= $145,000/5,000 labour hours
= $29 per hour