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3 years ago

The following information pertains to Blossom Company.

Business

1 answer:

KonstantinChe [14]3 years ago

5 0

Answer:

Blossom Company

Bank Reconciliation statement

July 31. Cash balance Per Bank = $6,960

Less: July 31. Adjusted Cash Balance = $6,960

Difference = $0

Explanation:

Bank Reconciliation statement

July 31. Cash balance Per Bank = $6,960

Less: July 31. Adjusted Cash Balance = $6,960

Difference = $0

Preparation of adjusted Cash Book.

July 31. Cash Balance Per Books = $7,040

July 31. Less: Bank charges = -$40

July 31. Less: Deposits in transit = -$2,840

July 31. Add: Electronic funds transfer = $1,600

July 31. Add: Outstanding Checks = $1,200

July 31: Adjusted Cash Balance = $6,960

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Answer:

Date Account Title Debit Credit

Dec. 31 Bad debt expense $9,000

Allowance for doubtful accounts $9,000

Working

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= $9,000

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Allowance for doubtful accounts $12,000

Working

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= 1% * (900,000 + 300,000)

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3 years ago

Determine Digby's current strategy. How will they seek a competitive advantage? From the following list, select the top five sou

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Answer:

Please find the detailed answer as follows:

Explanation:

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Increase demand through TQM initiatives .
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Related concepts to understand the problem.

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3 years ago

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Answer: Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

Explanation:

x- Number of Yellow cakes

y- Number of Strawberry cakes

Time constrain is given by

$2x+3y\leq 450$

$x\geq 0$

$y\geq 0$

Revenue is given by,

$TR= 25x + 35y$

At the vertices, revenue is

At (0,0)

TR = $0

At (0,150)

$TR = 25(0) + 35(150) = $5,250$

At (225,0)

$TR = 25(225) + 35(0) = $5,625$

Therefore, Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

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3 years ago

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Answer:

reconciliate balance $ 22,388,675‬

Explanation:

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deposits in transit 100,740

22,376,200

outstanding check

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10193 (22,650)

10194 (12,375)

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checkbook balance: 22,385,105

interest earned 4,020

ATM card fees (450)

Adjusted balance: 22,388,675

Notes: For each statement we adjust for the unknown information.

The bank is unaware of the outstanding check and the deposit in transit. So we adjust for these concepts.

The company has no knowledge of the ffes and interest earned until receiving the bank statement so we must adjust for that amount.

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Explanation:

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