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adelina 88 [10]
2 years ago
10

Checks written in late December do not appear on a December 31 Bank Statement because they were not cleared by the bank as of Ma

rch 31. How would you treat this difference while reconciling the bank balance? A. Add them to the bank balance. B. Subtract them from the bank balance. C. Add them to the company's cash balance. D. Subtract them from the company's cash balance.
Business
1 answer:
Shkiper50 [21]2 years ago
6 0

Answer:

B) Subtract them from the bank balance.

Explanation:

When you are adjusting your bank statement you must subtract any outstanding checks and add any deposits in transit.

In this case, the checks that were written at the end of December will probably be cashed during the next months, but the company must adjust their bank balance because they know that the checks will eventually be cashed, sooner or later.

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Ending total assets are $1,500,000, inventory turnover is 6.0 times, net sales are $8,000,000 and the asset turnover is 4.0 time
NARA [144]

Answer:

$2,500,000

Explanation:

Data provided

Ending assets = $1,500,000

Inventory turnover = 6.0 times

Net sales = $8,000,000

The computation of beginning total asset balance is shown below:-

Average total assets = $8,000,000 ÷ 4

= $2,000,000

Total assets = $2,000,000 × 2

= $4,000,000

Beginning assets  = Total assets - Ending assets

= $4,000,000  - 1,500,000

= $2,500,000

Therefore we applied the above formula

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3 years ago
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A lifeguard in Florida was fired for leaving his assigned zone because he opted to help a drowning man, even though his supervis
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Answer: <em>Post-conventional level of moral development</em>

Explanation:

Under this level an individuals sense of morality or moral sense is referred to as or defined in words of abstract values and principles. Individuals now tend to believe that few rule and laws are completely unjust and therefore should be eliminated or changed. This level is further marked by a thorough and growing realization i.e. an individuals is a separate entity from the society and thus that individual may tend to disobey the rules which might be inconsistent with his/her own principles.

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3 years ago
Which mall should the company choose if revenues are expected to be $6,000,000 per year?
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It A hope this helps
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A dollar in hand today is worth_______(less than/more than/equivalent) a dollar to be received in the future because if you had
Free_Kalibri [48]

Answer:

more than

earn interest

discount cash flow (DCF)

Explanation:

The concept of future value represents the amount that a lump sum or series of cash flows will achieve after a given period when compounded at an interest rate. This means that a dollar in hand today is worth more than a dollar to be received since it can be applied to earn interest.

The time value of money, which allows us to evaluate different investments, is also known as discount cash flow (DCF).

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Outdoor Living is a manufacturer of patio dining sets and outdoor furniture. Typically, customers purchase the company's product
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Push strategy  would work best for Outdoor Living.

Option E

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