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marysya [2.9K]
3 years ago
10

At April 30, the bank reconciliation of Back 40 Company shows three outstanding checks: No. 254 $650, No. 255 $700, and No. 257

$410. The May bank statement and the May cash payments record are given here. Bank Statement Checks Paid Date Check No. Amount 5-4 254 $650 5-2 257 410 5-17 258 159 5-12 259 275 5-20 260 925 5-29 263 480 5-30 262 750 Cash Payments Journal Checks Issued Date Check No. Amount 5-2 258 $159 5-5 259 275 5-10 260 925 5-15 261 500 5-22 262 750 5-24 263 480 5-29 264 360 Using step 2 in the reconciliation procedure, list the outstanding checks at May 31.
Business
1 answer:
netineya [11]3 years ago
8 0

Answer:

$1,560

Explanation:

The computation of the outstanding checks on May 31 is shown below:

= Outstanding checks number 255 +  Outstanding checks number 261 +  Outstanding checks number 264

= $700 + $500 + $360

= $1,560

Simply we added the outstanding checks so that the final amount could come

All other information that is mentioned in the question is not relevant. Hence, ignored it

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iragen [17]

Answer:

Felicidad 80 million Jean

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Explanation:

To know which is the best in Rye production we haveto pick the one with the least opportunity cost (the country which producing Rye decreases less the production of Jeans)

Felicidad Rye opportunity cost 20/5 = 4  Jeans

Arcadia Rye opportunity cost  16/8 = 2 jeas

Arcadie will be the country with comparative advantage for Rye as it renounce to less units of Jeans than Felicidad

<em><u>The best country for jean production will be Felicidad</u></em>

4m x 20 = 80m jean

<em><u>The best country for Rye will be Arcadia</u></em>

4m x 8 = 32m Rye

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