1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
N76 [4]
3 years ago
6

Damon Company receives its monthly bank statement, which reports a balance of $1,850. After comparing this to the company’s cash

records, Damon’s accountants determine that deposits outstanding total $3,600 and checks outstanding total $3,850.
Calculate the reconciled bank balance for cash.
Business
1 answer:
Dvinal [7]3 years ago
7 0

Answer:

The reconciled bank balance for the cash amounts to $1,600

Explanation:

The reconciled bank balance for the cash would be computed as:

= Bank statement balance + Deposits outstanding - Checks outstanding

where

Bank statement balance amounts to $1,850

Deposits outstanding amounts to $3,600

Checks outstanding  amounts to $3,850

Putting the balances above:

Reconciled bank balance for cash = $1,850 + $3,600 - $3,850

= $5,450 - $3,850

= $1,600

Therefore, the adjusted bank statement balance amounts to $1,600

You might be interested in
If gross pay increases by $500, total employee benefits increase by $200 and total job expenses decrease by $300, then total emp
Temka [501]

Answer:

Option (d) increases by $1,000

Explanation:

Data provided in the question :

Increase in gross pay = $500

Increase in employee benefit =  $200

Decrease in the total job expenses = $300

Now,

The increase in total employment compensation

= Increase in gross pay + Increase in employee benefit + Decrease in the total job expenses

= $500 + $200 + $300

= $1,000

Hence,

Option (d) increases by $1,000

6 0
3 years ago
The director of research has asked you to produce a pro forma valuation of a target company using leveraged buyout analysis. A c
statuscvo [17]

6.8  will be the debt-to-EBITDA ratio.

EBITDA* 8.5=Transaction Value

(Transaction value * 0.8) / EBITDA = 6.8

EBITDA, or earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in certain circumstances. However, EBITDA can be misleading because it does not reflect the cost of capital investments such as property, plant, and equipment.

This metric also excludes debt-related expenses by adding interest and tax costs to revenues. However, it is a more accurate measure of business performance as it is able to report profit before the effect of accounting and financial deductions.

Learn more about the debt-to-income ratio here: brainly.com/question/24814852

#SPJ4

4 0
2 years ago
A computer manufacturer has a basic model, a business model and a premium model, each with a variety of options. They each have
Annette [7]

Answer: Price lining

Explanation: Price lining can be defined as a situation in which the goods are categorized as per the basis of their quality. Price lining is done by business entities with the goal of achieving larger customer base which will further result in higher profits.

In the given case, the manufacturer is offering three types of models in market each having different price as per its quality. Thus, we can conclude that the given example is a case of price lining.

6 0
3 years ago
How much interest you pay depends on_________
Damm [24]

Answer:

The Interest Rate and how much you owe.

Explanation:

If you have a rate of 10% a month

and you owe $100, the next month you owe $110

or if you owe $50, then next month you owe $55

6 0
3 years ago
The following information pertains to Sheridan Company.
DanielleElmas [232]

Answer:

Adjusted Cash Balance at 31 August 2022 = 9654

Explanation:

Bank Reconciliation Statement at August 31, 2022

Cash Balance as per Bank  August 31,                                         $7338

Add: Deposit in Transit                                                                  $3010

<u>Deduct: Outstanding Checks                                                        ($694 )</u>

<u>Adjusted Cash Balance                                                                  $9,654</u>

<u />

Cash Balance as per books, August 31,                                        $7374

Add: Receivable collected by bank                                               $2326

<u>Less:Bank Service Charges                                                           ($46)     </u>

<u>Adjusted Cash Balance                                                                  $9,654 </u>

<u />

5 0
3 years ago
Other questions:
  • Which of the following is true of profit maximization?
    10·1 answer
  • The article discusses three core financial implications of the business model. What are the three core financial implications, a
    14·1 answer
  • F Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees, a court will probably
    6·1 answer
  • Hankins Corporation has 8.1 million shares of common stock outstanding, 300,000 shares of 4.1 percent preferred stock outstandin
    14·1 answer
  • The growth of​ _____________ has diminished the importance of national barriers and has forced companies to reevaluate their bus
    15·2 answers
  • Assume that the MPC is 0.75. Full employment is considered to be at a GDP level of $500 billion. The GDP is $600 billion. What s
    15·1 answer
  • A formal document detailing the process to be followed when a firm recruits for an open position is a ________.a) recruiting gui
    15·1 answer
  • Think about the different ways entrepreneurs can start their businesses. Which of the following can an entrepreneur expect when
    14·1 answer
  • Na frase, "Você fez o que eu pedi pra você fazer, Zero?" Identifique um verbo no pretérito perfeito e faça sua conjugação abaixo
    5·1 answer
  • An example of tangible capital is A) a restaurant's unsold, unopened cans of soda. B) an idea for a new business. C) the goodwil
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!