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3 years ago

The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:

Business

1 answer:

valkas [14]3 years ago

6 0

Answer:

See explanation for all the requirements.

Explanation:

Requirement A

Mathers Co.

Bank Reconciliation

July 31

Cash balance according to bank statement $ 24,000

Add: deposit in transit $3,680

Deduct: outstanding checks (4,590)

Adjusted balance $23,090

Cash balance according to company's records $22,600

Add: Error in records payments (710-170) $540

Less: Bank charge ($50)

Adjusted balance $23,090

Requirement B and C

B. If the balance sheet is prepared for Mathers Co. on July 31, $23,090 should be reported for cash.

C. It is a necessary procedure for a bank and an individual or an organization to adjust the bank balance and book balance to avoid any kind of errors. Therefore, reconciliation is always significant. A bank must always do a reconciliation.

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What are three types of assets that will be found on a balance sheet

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D short term,long term and medium

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3 years ago

Jovan's Movers rents out trucks with a crew of two on a daily basis, usually to homeowners who are moving or to companies with d

Tju [1.3M]

Answer:

Explanation:

In this problem business of Jovan is to rent out trucks and earn revenues. On a particular day there is a shortage of one truck. It can be taken on rent from other party. If a big truck is hired, then any load can be carried. But the rental cost is $200. Small truck cannot carry weight beyond a range. In that case two trips are needed. Rental of one trip of small truck is $130. Cost of two trip is $150 extra. So it is $130+$150=$280. Probability of two trips is 40%. So based on these data, following decision tree diagram is draw:

From this decision tree expected rental cost of small truck based on probability is-

Expected rental of small truck =0.6 x $130 + 0.4 x $280

=$78+\$112

=$190

Decision: Since expected rental of small truck is $190, it is lower than rental of big truck of $200. So small truck is recommended.

If probabilities of trips are 50:50, then expected rental of small truck is-

Expected rental of small truck =0.5 x $130 + 0.5 x $280

=$65 + $140

=$205

Now it is more than rental of big truck. So hiring of big truck is recommended.

b) Now Jovan wants to hire an outside consultant. He will assess and recommend whether to hire a big truck or a small truck. If he recommend for big truck, then big truck will be hired. Otherwise a small truck will be bought. As per current situation probability of two trip is 40%. If consultant approves this situation, then big truck will be hired. Thus probability of hiring big truck is 40% under recommended scenario. So probability of hiring small truck with one trip is 60%. On this basis decision chart is drawn below:

Based on this diagram, expected cost of hiring a truck is-

Expected rental =0.4 x $200 + 0.6 x $130

= $80 + $78

= $158

If you compare this expected cost with the expected cost of $190 in part (a), then it is lower by $190-$158=$32

Hence, maximum $32 can be paid to consultant for hiring and taking perfect decision.

c) Now Jovan has been taken as risk averser. His risk tolerance value is $1,000. Suppose utility function is exponential of following form-

U=e^{P} where p is the probability of two trips by small truck

As a risk averser he will undertake risk only when this U value is $1,000.

U=e^{P} = $1,000

Take log on both side to get-

Plog e = log1,000

{P}{log}2.71828 = log1,000 [ since e =2.71828]

{P}= 3 / 0.43429189

=6.929 percent

So the risk averse Jovan will go for small truck only when probability of two trips for small car is 6.929 percent. Here it is 40%. So big truck will be hired.

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3 years ago

A research company has conducted an evaluation of European online retailers by asking consumers how well the websites helped the

vlabodo [156]

Answer: Survey

Explanation:

In discipline such as the applied statistics, survey methodology is referred to as the process under which one studies sampling of an individual unit from the population and thus associated techniques or methods of the survey data collection, i.e. questionnaire construction. The survey methodology tends to include the instruments or the procedures which ask one or few more questions which may be answered.

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3 years ago

Suppose that identical duopoly firms have constant marginal costs of $10 per unit. Firm 1 faces a demand function of q1=100-2p1+

seraphim [82]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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4 years ago

1. La fórmula P=2L + 2W es para encontrar el perimetro P de un rectángulo con longitud L y

Rus_ich [418]

Answer:

$P=7.2m$

Explanation:

In a figure or surface, the perimeter refers to the contour and the measure of that contour. In other words, the perimeter is the sum of all the sides of the figure. In this way, the perimeter allows calculating the boundary of a surface, making it very useful.

The problem provided you the formula to find the perimeter $P$ of a rectangle of length $L$ and width $W$ :

$P=2L+2W$

So, in order to find the perimeter of a rectangular garden of

$Length=L=1.2m$

and

$Width=W=2.4m$

You just need to replace these data into the provided formula:

$P=2(1.2)+2(2.4)=2.4+4.8=7.2m$

Translation:

En una figura o superficie, el perímetro se refiere al contorno y a la medida de ese contorno. En otras palabras, el perímetro es la suma de todos los lados de la figura. De esta manera, el perímetro permite calcular la frontera de una superficie, por lo que resulta de gran utilidad.

El problema le proporcionó la fórmula para encontrar el perímetro de un rectángulo de largo $L$ y ancho $W$ :

$P=2L+2W$

Entonces, para encontrar el perímetro de un jardín rectangular de

$Longitud=L=1.2m$

$Ancho=W=2.4m$

Solo necesita reemplazar estos datos en la fórmula provista:

$P=2(1.2)+2(2.4)=2.4+4.8=7.2m$

3 0

3 years ago