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forsale [732]
3 years ago
9

The cash records of Oriole Company show the following. For July: 1. The June 30 bank reconciliation indicated that deposits in t

ransit total $690. During July, the general ledger account Cash shows deposits of $17,970, but the bank statement indicates that only $15,770 in deposits were received during the month. 2. The June 30 bank reconciliation also reported outstanding checks of $930. During the month of July, Oriole Company books show that $19,160 of checks were issued, yet the bank statement showed that $16,800 of checks cleared the bank in July. For September: 3. In September, deposits per bank statement totaled $26,750, deposits per books were $26,340, and deposits in transit at September 30 were $2,810. 4. In September, cash disbursements per books were $23,030, checks clearing the bank were $24,370, and outstanding checks at September 30 were $2,44
Business
1 answer:
inysia [295]3 years ago
8 0

Explanation:

a.  Deposit in Transit at July 31 = Deposit in Transit, June 30 + Deposit as per Cash Book – Deposits as per Bank Book

= $690 + $17,970 - $15,770

= $2,890

b.  Outstanding Checks at July 31 = Outstanding Checks at June 30 + Checks issued as per Cash Book – Checks cleared as per Bank Book

= $930 + $19,160 - $16,800

= $3,290

c.  Deposits in Transit at August 31 = Deposits as per Bank Statement – Deposits as pr Books + Deposits in Transit, September 30

= $26,750 - $26,340 + $2,810

= $3,220

d.  Outstanding Checks at August 31 = Checks cleared by Bank – Cash Disbursements as per Books + Outstanding Checks, September 30

= $24,370 - $23,030 + $2,440

= $3,780

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Katena32 [7]

Answer:

Plato Answer

Explanation:

The decision-making process consists of the following:

1. Identify the problem.

2. Gather information.

3. Analyze the situation.

4. Develop options.

5. Evaluate alternatives.

6. Select an alternative.

7. Act on the decision.

Recently, I bought a new computer. My decision-making process was as follows:

1. Identify the problem: The computer I used to do homework had broken down. The processor was inoperable. The problem was that I could not effectively do my schoolwork, including doing research, writing papers, and doing math homework that required Excel.

2. Gather information: I found out that a laptop that could handle basic functions and had a wireless network card (for internet access via Wi-Fi) would cost $200. A more sophisticated computer system with a faster processor and software included would cost up to $800.

3. Analyze the situation: The situation was that I had no way of doing my homework without the use of a computer. While I could write papers by hand and do research at the library, these were not viable because I had no way of getting to the library. In addition, my teachers would not accept handwritten papers.

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6 0
4 years ago
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why should MTN scan the global business environment as well as the macro environments of angola and ethiopia prior to their deci
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Answer:

Explanation:

MTN is a telecommunication company, that establish in various places. Angola and Ethiopia are two new countries MTN they are looking into for establishment and a scan is done for the global environment this is to enable them have an overview of the business environment, the environment have not been penetrated by a telecommunication company hence a scan is needed.

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8 0
3 years ago
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AveGali [126]

Answer:

The net cash flow is $7,844 from the sale of the assets.

Explanation:

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The average net fixed assets can be determined using the expression;

Av=(Fb+Fe)/2

where;

Av=average net fixed assets

Fb=net fixed assets at the beginning of the year

Fe=net fixed assets at the end of the year

In our case;

Av=unknown

Fb=$216,525

Fe=$208,650

replacing;

Av=(216,525+208,650)/2=$212,587.50

The average net fixed assets=$212,587.50

<em>Step 2: Determine the net fixed assets after accounting for depreciation</em>

This can be expressed as;

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replacing;

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Fixed assets                        7,844                   163,423.50

Cash flow                        163,423.50                  7,844

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Sedaia [141]

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4 0
3 years ago
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Answer:

The size of the dividend per share of stock depends on: The corporation's profit

Dividend per share is calculated by: Total dividend / Total shares outstanding,

Which means that dividend per share will increase if the total dividend increases.

Meanwhile, the total dividend will be increased if the company gains more profit

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