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denpristay [2]
2 years ago
8

On July 31, 2022, Cullumber Company had a cash balance per books of $6,360.00. The statement from Dakota State Bank on that date

showed a balance of $7,910.80. A comparison of the bank statement with the Cash account revealed the following facts.
1. The bank service charge for July was $17.00.
2. The bank collected $1,635.00 from a customer for Cullumber Company through electronic funds transfer.
3. The July 31 receipts of $1,316.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31.
4. Company check No. 2480 issued to L. Taylor, a creditor, for $384.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $348.00.
5. Checks outstanding on July 31 totaled $1,975.10.
6. On July 31, the bank statement showed an NSF charge of $690.00 for a check received by the company from W. Krueger, a customer, on account.
Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.)
Business
1 answer:
Bogdan [553]2 years ago
3 0

Answer:

Please see explanation below

Explanation:

Cullumber Company

Bank reconciliation statement

Cash balance per bank statement $7,910.80

Add: Deposits in transit $1,316.30

$9,227.1

Less outstanding checks ($1,975.10)

Adjusted cash balance per bank $7,252

Cash balance per books $6,360

Add Electronics funds transfer received $1,635

Totalled $7,995

Less:

Bank service charge $17

NSF check $690

Error in recording check no. 2480

($384 - $348) $36

Total balance to be deducted ($743)

Adjusted cash balance per books $7,252

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After seeing advertisements for the Toyota Prius, Joel becomes interested and does some Internet research. However, after seeing
ANTONII [103]

Answer:

False

Explanation:

A lagged effect in marketing can be defined as the delay that comes from an effort put into marketing a product.

In marketing, efforts put into an advertisement can yield a greater result even after the lag period. This means that a product might need more than one advertisement and the combined effects of the advertisements will be seen overtime if not immediately.

In the above question, Joel still went on to get a Ford fusion after seeing the Toyota advert which means that something from his research must have influenced his decision. Either price, quality, or any other factors must have been responsible for Joel's choice but it is definitely not the lagged effect.

Cheers.

5 0
3 years ago
If a sells to b, and b obtains title while goods are in transit, the goods were shipped _______. if c sells to d, and c maintain
yKpoI14uk [10]
<span>If a sells to b, and b obtains title while goods are in transit, the goods were shipped FOB SHIPPING POINT.

If c sells to d, and c maintains title until the goods arrive at d's door then the goods were shipped FOB DESTINATION.

FOB stands for Free on Board. The recording of the sale will be dependent on whether it is FOB shipping point or FOB destination. In FOB shipping point, the buyer becomes the owner of the item when it is shipped. In FOB destination, the buyer becomes the owner of the items when it is received. </span>
5 0
2 years ago
an object travels 16 metre in 4 seconds and then another 16 metre in 2second what is the average speed of the object
Zigmanuir [339]

Answer:

6m/s

Explanation:

Given the information :

an object travels 16 metre in 4 seconds and then another 16 metre in 2second.

what is the average speed of the object?

First portion of travel:

Distance = 16 meters

Time = 4 seconds

Second portion:

Distance = 16 meters

Time = 2 seconds

Speed is calculated as the proportion of distance traveled to the time taken.

Speed = distance / time

First portion :

Speed attained

Distance / time = speed

16 meters / 4 seconds = 4m/s

Second portion:

Speed attained

Distance / time = speed

16 meters / 2 seconds = 8m/s

Average speed :

(first portion + second portion) / 2

(4m/s + 8m/s) / 2

12m/s ÷ 2

= 6m/s

5 0
3 years ago
which phase of the goals-based strategic planning involves an in-depth analysis of the company and its competitors?
Phantasy [73]

Considering the business planning strategies, the phase of the goals-based strategic planning that involves an in-depth analysis of the company and its competitors is "<u>Analyze the situation</u>."

This is because, during this stage, firms can carry out an analysis that is often called SWOT analysis.

This allows the business firms to carry out the analysis on their own strength, weakness, and then opportunities and threats of their competitors.

Some other the phases of the goals-based strategic planning include the following:

  • Set direction;
  • Define strategies;
  • Deploy plan

Hence, in this case, it is concluded that the correct answer is "<u>Analyze the situation."</u>

Learn more here: brainly.com/question/2827364

7 0
2 years ago
Which one of the following businesses would be most difficult to get funding for
kifflom [539]
Hi there,
 
A:Establish could be hard But i wouldn't say the Hardest!
B:product line would be the easiest because there getting $$$ still
C:Now A Brand of new business would be the most costly because No $$ coming in 
D:Well i don't what "is wrong" so not that one!

SO IT IS C A brand of new businesses  <span />
6 0
3 years ago
Read 2 more answers
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