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RideAnS [48]
3 years ago
9

The following information pertains to Cullumber Company.

Business
1 answer:
AysviL [449]3 years ago
3 0

Answer:

                            Cullumber Company

                             Bank Reconciliation  

                                 August 31, 2022

Cash balance as per bank                             $7,338

Add: Deposit in transit                                    <u>$2,810</u>

                                                                        $10,148

Less: Outstanding checks                              <u>$690   </u>

Adjusted Cash Balance                                 <u>$9,458</u>

Cash balance per books                                $7,374

Add: Electronic fund transfer received         <u>$2,126 </u>

by bank

                                                                        $9,500

Less: Bank service charges                           <u>   $42   </u>

Adjusted Cash balance                                 <u>$9,458</u>

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Latasha and Jake need to decide which one of them will take time off from work to complete the rather urgent task of shearing th
Sindrei [870]

Answer:

Jake should shear the llamas.

Explanation:

Latasha can shear the llamas in 1 hour.

Jake takes 6 hours to shear the llamas.

Latasha earns $120 per hour as a lawyer, while Jake earns $15 per hour as a barber.

Latasha can either earn $120 in an hour or shear a llama.

In 6 hours Jake can earn either shear a llama or earn

= $15\ \times\ 6 

= $90

The opportunity cost of shearing llamas is high for Latasha ($120) while, it is lower for Jake ($90). So, Jake should shear the llamas.

7 0
3 years ago
Steve Walker was happy with his new personal computer. It had all the features he wanted, including a color monitor and CD-ROM,
timurjin [86]

Answer:

a. cognitive dissonance.

Explanation:

Cognitive dissonance is the psychological concept that describes the discomfort a person feels when he is having conflicting beliefs ideas or values at the same time. People tend to seek consonance (agreement) between the what they expect and reality.

In this instance Steve Walker got the computer he wanted at $12,000, seeing a similar computer at $10,000 makes him have a doubts about his purchase (cognitive dissonance).

3 0
3 years ago
Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow.Estimated MOH $238,000A
olchik [2.2K]

Answer:

(a) $267,750

Explanation:

The computation of allocation of the manufacturing overhead is computed by applying the formula which is shown below:

= (Estimated manufacturing overhead ÷ estimated machine hours) × (actual machine hours)

= ($238,000 ÷ 20,000 machine hours) × $22500 machine hours

=  $267,750

We calculate the manufacturing overhead allocation based on estimated machine hours not from the actual machine hours

4 0
3 years ago
Which type of financial institution is owned by its depositors and borrowers?
fredd [130]
"credit unions" are owned by the people who deposit and are loaned money
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When the engineers from FM Global (factory mutual) conduct inspections at industrial facilities, the interest they hired is to protect the companies that insure the properties.

FM Global is one of the global's biggest commercial and business assets coverage and chance management agencies, focusing on assets safety. we've currently ranked #447 on the Fortune 500 list of America's largest companies.

Malcolm C. Roberts is responsible for the strategic and operational direction of FM Global, one of the world's largest industrial property insurers and which insures nearly US$10.2 trillion in business belongings in greater than a hundred thirty international locations.

"FM international" is the communicative name of the organization, while the felony call is "manufacturing facility Mutual coverage organization". FM international has been named the "first-rate property Insurer inside the international” by means of Euromoney mag.

Learn more about FM Global here brainly.com/question/8304017

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