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3 years ago

The following information is available for Pyle Garage for March 2018

Business

1 answer:

enot [183]3 years ago

6 0

Answer:

Pyle Garage

Bank Reconciliation

March 31, 2018

Unadjusted Bank Balance, $14,125

March 31, 2018

Add: Deposit in Transit $3,593

Less: Outstanding Checks #1469 $1,546

Outstanding Checks 1470 $793 ($2,339)

True Cash Balance, March 31, 2018 $15,379

Unadjusted Book Balance, March 31, 2018 $13,060

Add: Credit Memo for Collection of $3,098

Accounts Receivable

Less: Error in Recording Check #1468 $710

Debit Memo for Service Charges $69 ($779.00)

True Cash Balance, March 31, 2018 $15,379

b. Account Titles Debit Credit

Cash $3,098

Accounts Receivable $3,098

Equipment $710

Cash $710

Bank Service Charge Expense $69

Cash $69

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You have an investment that will pay you 1.18 percent per month. a. How much will you have per dollar invested in one year? (Do

fiasKO [112]

Answer:

The correct answer for option (a) is $1.15 and for option (b) is $1.33.

Explanation:

According to the scenario, the given data are as follows:

Present value (PV) = $1

Rate of interest (R) = 1.18% per month

Time period (for option a) (t1)= 12 months

Time period ( for option b) (t2)= 24 months

So, we can calculate the future value by using following formula:

FV = PV × ( 1 + R )^t

(a). By putting value in the formula:

FV = $1 ( 1 + 0.0118)^12

= $1 × 1.1511610877

= $1.15

FV = PV × ( 1 + R )^t

(b). By putting value in the formula:

FV = $1 ( 1 + 0.0118)^24

= $1 × 1.32517184983

= $1.33

6 0

3 years ago

50 points

Anna11 [10]

I would go with D because it makes more sense

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2 years ago

Avon Products, Inc., located in New York City, is one of the world’s largest producers of beauty and related products. The compa

kvv77 [185]

Answer:

a) Accounts Receivable 2015 = $443,000 2014 = $515,600

b) Bad Debt Expense = $144,100

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d) Cash collected from Customers = $6,005,000

Explanation:

a and b are given.

c) Gross Sales = $6,076,500 + $6,800 = $6,083,300

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3 years ago

Based on the specificity and reversibility principle, training during the off-season should?

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Answer:

Off-season training should be focused on building general strength and conditioning in activities that are similar to the sport an athlete. According to the principle of specificity and reversibility, specificity states that the change in physical nature of the body is in line with the training type performed. Reversibility explains how an athlete can lose the effects gained from training from he stops training. Thus to stay fit, off-season training must concentrate on exercises that keeps the body in shape for the same type of sports.

Explanation:

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3 years ago