1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Please help or going to jump off a really high bridge
Sedbober [7]

Answer:

join pa dlet to get the answers

Explanation:

7 0
3 years ago
Before the year began, Murphy Manufacturing estimated that manufacturing overhead for the year would be $176,000 and that 13, 70
saveliy_v [14]

Answer:

A. $194, 035

Explanation:

Predetermined Manufacturing overhead Rate = Estimated total overheads / Estimated direct labor hours

Predetermined Manufacturing overhead Rate = $176,000 / 13,700

Predetermined Manufacturing overhead Rate = $12.85 /  direct labor hour

Actual Labor hours = 15,100 hours

Manufacturing overhead allocated = $12.85x 15,100

Manufacturing overhead allocated = $194,035

The correct option is A. $194, 035

7 0
3 years ago
Xminus−Industries manufactures 3minus−D printers. For each​ unit, $ 3 comma 200$3,200 of direct material is used and there is $
madreJ [45]

Answer:

Profit= $106,682.52

Explanation:

Giving the following information:

Unitary Variable costs:

Direct material= 3,200

Direct labor= $2,300 ($15 per hour)= 153.33 hours

Manufacturing overhead is applied at $18 per direct labor hour.

Units sold= 42

Selling price= $10,800

Profit= Total sales - total variable cost

Profit= 42*10,800 - (3,200 + 2300 + 18*153.33)*42= $106,682.52

3 0
4 years ago
Think of an example of a time during the last month when you should have used critical thinking skills but did not . What was th
Anna35 [415]
This app requested me to answer this question to get points but sorry idk the answer cs im in 6th
6 0
3 years ago
Roman loves corn bread. He buys corn meal and wheat flour in order to make corn bread. His recipe calls for two cups of corn mea
ale4655 [162]

Answer:

(B) U(c,f)=min{2c,f}

Explanation:

This is an example of Leontif utility function which states that the preferences of a consumer is to a constant ratio of quantities of two or more goods in his demand bundles and having an extra unit of a single good will not increase the utility of the consumer and will make the extra unit to waste. But having more units of all the goods in the demand bundle which maintain the constant ratio will increase the utility of the consumer.

A good example usually used in economics is that of a pair of shoe. Having one right and one left of a type of shoe gives a consumer utility at a constant ratio of 1:1, and increasing each leg by multiple of one at every point in time will increase the utility of the consumer, while increasing just only one makes the utility not to change. For instance, having only two left shoe will not give the consumer any utility and make both the left shoe useless.

In the question, the ratio of cups of corn meal, denoted by c, and cups of flour, denoted by f, is 2:1. This implies that to increase the utility of the consumer, c has to increase by a multiple of 2 at every point in time while f has to increase by one at the same point in time to maintain the constant ratio of 2:1. Increasing only c by 2 or only f by 1 will maintain the constant ratio and it will lead to a waste of the increased unit of the affected commodity.

Therefore, option (B) U(c,f)=min{2c,f} is the correct answer that gives a constant ratio of 2:1 = 2c:f.

I wish you the best.

7 0
3 years ago
Other questions:
  • Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses a
    5·1 answer
  • Describing How to Save Workbooks
    6·1 answer
  • The "Plan to Win" initiative is built around five factors that drive McDonald’s business: people, products, place, price, and pr
    6·1 answer
  • Ted has paid off half of his mortgage. Which payment is he no longer required to make?
    15·2 answers
  • Best Shingle's budgeted manufacturing costs for 50,000 squares of shingles are: Fixed manufacturing costs $12,000 Variable manuf
    5·1 answer
  • On January ​1, 2018​, Wallace​, Inc. decides to invest in 7,200 shares of Dressage stock when the stock is selling for $ 20 per
    9·1 answer
  • Explain how growing personal income is related to economic conditions.
    7·1 answer
  • Assume that, on January 1, 2021, Matsui Co. paid $1,795,200 for its investment in 74,800 shares of Yankee Inc. Further, assume t
    9·1 answer
  • What does "Certeris Paribus" assume when
    13·1 answer
  • is it right to kick someone out just because they are not on the lease and or had been evicted in the past? my step-mom recently
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!