A system that keeps track of each withdrawal or addition to inventory continuously is

Check #628 for $98 was not recorded in the ledger. On a bank reconciliation, this would be shown as a(n)

kenny6666 [7]

Answer:

D. decrease in the ledger cash account balance (book balance)

Explanation:

The check was written and issued but was not recorded in the ledger. The check is appearing in the bank statements but not in the book balance. It means the bank has already factored and adjusted the amount in the customer statements.

The customer needs to adjust their books to reflect the check amount. The amount should decrease the balance in the customer books balance.

4 0

3 years ago

The demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year. The demand is easily satisfied on

Soloha48 [4]

Considering the situation described above, this demand for bread can be categorized as a "static demand."

This is because a static demand is a type of demand that is not flexible at any given point.

Also, demand is said to be static when the change in quantity demand of a commodity is relative to a change in the unit price of a commodity.

Thus, in this case, when the demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year, this is an example of a Static demand because it is stable throughout the year.

Hence, in this case, it is concluded that the correct answer is "Static Demand."

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7 0

3 years ago

Jane's aunt wants a cashmere blanket to put over her legs when she watches television from her favorite chair. Jane could drive

Lunna [17]

Answer:

Time

Explanation:

There is a trade off between time spent in travelling and engaging into some other activity.

In Economics, Opportunity cost refers to the next best alternative. It represents the foregone benefits of an activity sacrificed in return for another activity.

In the given case, Jane is willing to pay extra online than travel all the way and get the blanket at a much cheaper rate. By doing so, Jane has saved time as well as energy which would've been spent in 50 miles drive.

Consumer decision making process involves the whole process between a consumer identifying his need and ultimately making the purchase.

The given case corresponds to the influence of available time or the time constraint which affects consumer decision making process.

4 0

3 years ago

barbara is a single taxpayer who had a 2022 adjusted gross income of $25,000 and who contributed $4,000 to her traditional ira.

saul85 [17]

The maximum retirement contribution savings credit for Barbara is $200.

Contributions made by individual taxpayers to classic individual retirement accounts (IRAs) are eligible for a tax credit of up to 10%, 20%, or 50% of the taxpayer's total contribution, with a maximum allowable contribution of $2,000.

The minimum and maximum allowed incomes are revised every year.

For persons with an adjusted gross income between $21,501 and $33,000 in 2021, the saver's credit rate is 10%.

In the example of Barbara, the contribution to her regular IRA is equal to $4,000.

The credit that Saver receives is equal to ten per cent of her donation, up to a maximum of two thousand dollars.

The maximum credit for savings contributions to a retirement plan is 10% of $2,000, or $200.

To know more about individual retirement accounts (IRAs)

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5 0

1 year ago

Jewelry Company has a sales budget for next month of $450,000. Cost of goods sold is expected to be 45 percent of sales. All goo

lukranit [14]

Answer:

The cost of goods sold for next month is expected to be $202,500

Explanation:

Given that,

Sales budget = $450,000

Cost of Good sold = 45% of sales

Opening inventory = $20,000

Ending inventory = $24,000

Beginning accounts payable = $206,500

Since, in the given question, it is mentioned that the cost of good sold is 45% of sales.

So,

Cost of Goods Sold (COGS) = 0.45 × $450,000

= $202,500

Hence, the cost of goods sold for next month is expected to be $202,500

Note: we don't considered other things which is mentioned in the question.

7 0

3 years ago