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Andrew [12]
3 years ago
9

A company's general ledger shows a cash balance of $4,590. Comparing the company's cash records with the monthly bank statement

reveals several additional cash transactions such as checks outstanding of $2,860, bank service fees of $140, and interest earned of $28.
Calculate the correct balance of cash.
Business
1 answer:
Aleks [24]3 years ago
4 0

Answer: $4,478

Explanation:

Given that,

Cash balance = $4,590

Checks outstanding = $2,860

Bank service fees = $140

Interest earned = $28

Correct balance of cash = Cash balance + Interest earned - Bank service fees

                                        =  $4,590 + $28 - $140

                                        = $4,478

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Phoenix [80]

Answer:

The correct answer is option b.

Explanation:

GDP is a measure of economic growth that shows the level of final goods and services produced in an economy in a year. It includes only final goods and services, intermediate goods are not included.  

So here the value of flour used to make bread will not be included as it is an intermediate good. But the value of bread will be included. The value of the second bag of the floor will be included as it is a final good sold to the consumer.  

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United Machining's margin was 2% and turnover was 3.0 on sales of $60 million for the year. On the basis on this information____
Hunter-Best [27]

Answer:

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net income is calculated by multiplying the percentage margin by the sales. We have,

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we have,

(2% × 3.0) = 6%

Cheers.

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