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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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Mars2501 [29]

Answer: 860

Explanation:

The gross domestic product is the value of the goods and services which are produced in a particular country from the year.

In this question, we are informed that we should calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 9.8%, and the marginal prospensity to consume is 0.75.

The GDP loss will be calculated as:

= [(0.75 × 9.8)/100 × 10,000] + 125

= [(7.35/100) × 10000] + 125

= [(0.0735) × 10000] + 125

= 735 + 125

= 860

6 0
3 years ago
Bonita Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a
Butoxors [25]

Answer: $56,040,000

Explanation:

Here is the question:

1.Under the current policy of using a network of sales agents, calculate the Bonita Beauty Corporation's break-even point in sales dollars for the year.

Sales = $75,000,000

Less: variable cost = $75,000,000 + ($75,000,000 × 8%) = $31,500,000 + $6,000,000 = $37,500,000

Contribution margin = $37,500,000

Fixed cost = 10,260,000 + 10,260,000 + 7,500,000 = $28,020,000

Operating income = $11,130,000

Contribution margin = 0.5

Break even point in sales will now be:

= Fixed cost/contribution margin ratio

= $28,020,000/0.5

= $56,040,000

7 0
3 years ago
The potential advantages of centralized purchasing, as it is commonly done by large chain operations, include all of the followi
Schach [20]

Answer:

The correct answer is c,alienating local suppliers

Explanation:

The presence of strong negotiator who is an expert in the field of sourcing is an advantage inherent in centralized purchasing,hence option A is not correct.

Cost and quality control implies that sourcing in large quantity gives the buyer entity a strong bargaining power and it is able to procure at the lowest price possible.Whereas,the control relates to the goods been received at central location before being dispatched to the department requiring it,implies that all items can be properly checked and confirmed fit for purpose.As result option is wrong as well.

The only odd option is C,as centralized purchasing is not aimed at alienating local suppliers since it is not global sourcing

7 0
3 years ago
Select the correct answer from each drop-down menu.
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While evaluating ad effectiveness he should consider the finances and return to get from the advertisement campaign.

The comparison of the results can be done with the use of actual results and the expected results with the help of business analytics. This provides record of immense trend in the changes happened due to advertising campaign.

Advertisement campaigns are more powerful as they need less investment, they have more reach to customers and are easily understand by everyone which further help to manage financial decisions.

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7 0
1 year ago
Goods in transit which are shipped f.o.b. shipping point should be
mash [69]

Answer: The correct answer is "B. included in the inventory of the buyer."

Explanation: Goods in transit which are shipped f.o.b. (free on board) shipping point should be included in the inventory of the buyer

If the goods are shipped F.O.B, as soon as the goods leave the seller's trade, the seller can declare the sale as completed and complete.

5 0
3 years ago
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