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3 years ago

Using the following information, prepare a bank reconciliation for Blossom Company for July 31, 2022.

Business

1 answer:

koban [17]3 years ago

8 0

Answer and Explanation:

The preparation of the bank reconciliation statement is shown below:

Cash balance as per bank $3,510

Add: Deposits in transit $1,690

Less: Outstanding checks -$1240

Adjusted bank balance $3,960

Cash balance as per books $4,050

Less: Bank service charge -$81

Less: Check for supplies error -$9 ($76 - $67)

Adjusted cash balance $3,960

Therefore both the balances are matched

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A real estate company provides housing services to retired individuals. It basically helps individuals above the age of sixty to

Harrizon [31]

Answer:

The correct answer is the option E: It can charge very high prices.

Explanation:

To begin with, the business presented in the case as a real estate company that provides housing services to retired individuals who typically are above the age of sixty can charge high prices to their customer due to the fact that basically they are looking for the most important service that there is in the market, a house. Moreover, the fact that the company only sales to retired people and therefore it specializes in a niche market indicates that the company is good at what they do an that is why those individuals choose it. Furthermore, the fact that these elderly people go to the organization expecting to find a house with peaceful surroundings generates the fact that they are willing to pay as much as they can to have the best for them at the very last of their time.

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4 years ago

Donna Company makes three types of products. The company has two types of customers. The cost to serve all customers is $12,000

vovangra [49]

Answer:

$5,900

Explanation:

1 2 3

Sales $5000 $6000 $30000

Cost of good $4000 $4800 $15,000

Gross margin $1000 $1,200 $15,000

Type 1 Type 2 Total

Product 1 $500 $4500 $5000

Product 2 $1000 $5000 $6000

Product 3 $16000 $14000 $30000

Type 1 Sale Cost

Product 1 $500 500/5000*4000 = $400

Product 2 $1000 1000/6000*4800 = $800

Product 3 $16,000 16000/30000*15000= $8000

Total $17500 $9200

Gross profit =(17500-9200)= $8300

Manager visit = 4:16

Cost to serve all customers = 12,000

Cost to serve customer type 1 = 4/20*12000 =$2,400

Operating income for type 1 = $(8300-2400) =$5900

7 0

3 years ago

Studies indicate that consumers cannot identify their "favorite" brand of beer without the label. This sort of association is cr

Nataly_w [17]

Answer:

Brand recognition

Explanation:

Brand recognition is the extent to which a consumer can correctly identify a particular product or service just by viewing the product or service's logo, tag line, packaging or advertising campaign.

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4 years ago

As a new franchisee for a major company, you want to clearly communicate the chain of command and the reporting and responsibili

____ [38]

Answer:

A chain of command chart or an organizational chart.

Explanation:

AN ORGANIZATIONAL CHART is a diagram that visually conveys a company's internal structure by detailing the roles, responsibilities, and relationships between individuals within an entity. Organizational charts either broadly depict an enterprise company-wide or drill down to a specific department or unit.

Organizational charts graphically display an employee's hierarchical status relative to other individuals within the company. For example, an assistant director will invariably fall directly below a director on the chart, indicating that the former reports to the latter. Organizational charts use simple symbols such as lines, squares, and circles to connect different job titles that relate to each other.

A chain of command chart shows the organization of a company through a hierarchy. Often, it's called an organizational hierarchy chart. The term “chain of command,” however, implies that communication should move through the hierarchy in a specific order.

3 0

3 years ago

Read 2 more answers

Debt is frequently incurred when plant assets are acquired. For example, debt may be incurred on the purchase of plant assets. D

S_A_V [24]

Answer: Expense capitalize

Explanation:

The expense capitalize is the term which is used to refers to the capitalizing the given cost of the expenses based on their values for the purpose of evaluating all the expenses in the balance sheet.

The capitalize the expenses provide various types of benefits to the firms for obtaining the various types of updated assets that typically helps in providing the long term duration.

According to the given question, the interest in the given two cases is basically treat by expense capitalize for the purpose of financial reporting.

Therefore, Expense capitalize is the correct answer.

8 0

3 years ago