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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

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Terry, who has been an employee in your department for about six months, can be careless aboutsafety. He hasn't been involved in
gregori [183]

Answer:

The correct answer is letter "D": Volunteer to help Terry train Susan on the safety procedures.

Explanation:

According to the case, Terry might know about the safety procedures of the company but he is not committed to them. Thus, he is not the best example to provide training for a new employee. In such a situation, we could volunteer to train both Terry and Susan -<em>the new hire</em>- on how to efficiently and effectively follow the safety guidelines of the firm.

5 0
4 years ago
Match each type of economy with its pattern of production
yawa3891 [41]
Socialist: Equal Results

Market: Based in supply and demand

Traditional: Based on traditions and customs

Communist: Government Controlled

there was no question so i think it was this hopefully it is right?
6 0
3 years ago
Read 2 more answers
When government policy moves from a budget surplus to a budget deficit and the trade deficit remains constant: savings will decr
Dovator [93]

Investment will decline if savings also decline when a government's fiscal policy switches from a budget surplus to a budget deficit and the trade deficit stays steady.

<h3>What occurs if there is a budget surplus or deficit for the government?</h3>
  • A budget deficit occurs when the federal government spends more money than it takes in from taxes in a given year.
  • In contrast, the government has a budget surplus when it collects more taxes than it spends in a single year.
<h3>What distinguishes a budget surplus from a budget deficit?</h3>

A government experiences a budget surplus when its tax revenues exceed its expenditures, a budget deficit when its expenditures exceed its tax revenues, and a balanced budget when the two figures are equal.

<h3>How do trade deficits result from budget deficits?</h3>

A budget deficit causes interest rates to rise, which raises net capital inflows and currency depreciation, which lowers net exports.

learn more about budget surplus and deficit here

<u>brainly.com/question/26010226</u>

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3 0
2 years ago
Stinehelfer Beet Processors, Inc., processes sugar beets in batches.
babunello [35]

Answer:

$19

Explanation:

The computation of the financial advantage or disadvantage is shown below:

= Sale value after processed further - cost of processed further - sale value without processed further

= $91 - $29 - $43

= $19

Simply we deducted the cost of processed further and the sale value without processed further from the Sale value after processed further so that the correct amount can come

All other information which is given is not relevant. Hence, ignored it

5 0
4 years ago
The Marchetti Soup Company entered into the following transactions during the month of June:
sammy [17]

Answer:

Kindly find the following transactions of  Marchetti Soup Company during the month of June below in the Explanation section

Explanation:

Solution

 Transaction      Account Title              Debit       Credit

    1.                   Inventory              165,000

                          Accounts payable                     165,000

    2.             Salaries expense            40,000

                                    Cash                                 40,000

    3.             Accounts receivable      200,000

                                    Sales                                200,000

               Cost of merchandise sold   120,000  

                                Inventory                              120,000

     4                            Cash                 180,000  

                           Accounts receivable                 180,000

     5                  Accounts payable      145,000  

                                   Cash                                   145,000

3 0
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