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Ghella [55]
3 years ago
12

Enclosed with the bank statement received by Matthew Company at August 31 was an NSF check for $2,012. No entry has yet been mad

e by the company to reflect the bank's action in charging back the NSF check. During preparation of the bank reconciliation, the NSF check should be:
a. Added to the balance per the depositor's records
b. Deducted from the balance per the depositor's records
c. Deducted from the balance per the bank statement
d. Added to the balance per the bank statement
e. None of the above
Business
1 answer:
mrs_skeptik [129]3 years ago
3 0

Answer:

b. Deducted from the balance per the depositor's records

Explanation:

As while preparing the bank reconciliation statements, there are the items that are added and deducted  in the company book accounts and the bank book accounts

So in the given case, since the NSF check should be deducted from the depositor records or the company records as this derives that the check is returned by the bank but the same is not recorded in the company books so to balance the bank reconciliation statement we deduct it from the company books

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The channel of distribution consists of ___________, who assist in moving goods and services from producers to businesses and fr
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Answer: intermediaries

                                       

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This channel of distribution consists of intermediaries such as agents, brokers , wholesalers and retailers who deals with each other at different levels and earn their margin of profit from the product while transferring it to next stage.

These are important parties to the market as without them producer has to perform all the ruination by himself which can result in delay or unstable supply in the market.

5 0
3 years ago
Steve's utility for socks (91) and other goods (92) is given by U(21,92) = 10q1.1 q2.9 The price of the composite good is p2=1 a
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Answer:

120

Explanation:

Look up attached file

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3 years ago
Monopolies are bad; patents give firms monopoly;therefore, patents are bad. true of false? why?
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The answer is true. A monopoly is where a company, a group or individual has the power of controlling or possessing supply or trade while patent is where the government provides authority or license. If the monopoly is considered to be bad, the patent will also be bad as it is associated with a particular thing that has a purpose of doing bad since a patent is the agreement, the patent is likely to allow the monopoly do something that is bad or illegal as monopoly has the purpose of doing something bad. 

4 0
3 years ago
A buyer and a seller enter a contract for the sale of a three-bedroom residential property. Shortly after the contract is in pla
Komok [63]

Answer:

The best answer to the question: How should the parties proceed, when talking about the buying of a house in which the buyer has already entered a contract with the seller of the property, before having an inspection performed on it, to find out that there are some issues with the property itself, would be, C: The fixes do not become part of the sales agreement.

Explanation:

To begin with, the buyer should have had the inspection done before entering an agreement, and much more signing the contract. Now that the contract is in place, and since the buyer did not have the inspection done beforehand, the terms that would have made the seller responsible for making fixes on the damaged property are not part of the contract. The buyer signed the contract without these adendums and therefore, it is no longer the seller´s responsibility, as part of the original contract, to take care of them. The buyer must abide by the original contract because he did not insist on having any such provisions placed on it that would have made the seller responsible for the fixes.

3 0
3 years ago
Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2
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Answer:

Winnebago Industries' ending inventory have been if it had used FIFO is $77,196,000

Explanation:

The computation of the ending inventory under FIFO method is shown below:

= Ending inventory under LIFO inventory method  + LIFO reserve

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For determining the ending inventory under the FIFO method, we added the ending inventory under the LIFO method and LIFO reserve so that accurate value can come.

7 0
3 years ago
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