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vova2212 [387]
3 years ago
12

McKeel Publishing had outstanding checks totaling $5,540 on its June bank reconciliation. In July, McKeel issued checks totaling

$40,300. The July bank statement shows that $28,400 in checks cleared the bank in July. The amount of outstanding checks on McKeel's July bank reconciliation should be:
Business
1 answer:
Nookie1986 [14]3 years ago
3 0

Answer:

$17,440

Explanation:

Given that,

Outstanding checks in June Bank Reconciliation = $5,540

Checks issued during July = $40,300

Checks cleared in July = $28,400

Amount of outstanding checks:

= Outstanding checks in June Bank Reconciliation + Checks issued during July - Checks cleared in July

= $5,540 + $40,300 - $28,400

= $17,440

Therefore, the amount of outstanding checks on McKeel's July bank reconciliation should be $17,440.

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Romeo Corporation reports the following for the year: Finished goods inventory, January 1 $ 2,500 Finished goods inventory, Dece
JulijaS [17]

Answer:

The cost of goods manufactured for the year is: $8,400

Explanation:

The cost of goods manufactured is calculated by using following formula:

The cost of goods manufactured = Finished goods inventory, December 31 + Cost of goods sold - Finished goods inventory, January 1.

Romeo Corporation has Finished goods inventory, January 1 of $2,500 Finished goods inventory, December 31 of $3,300 and Total cost of goods sold of $7,600

The cost of goods manufactured = $3,300 + $7,600 - $2,500  = $8,400

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3 years ago
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ArbitrLikvidat [17]

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= $95,000 - $1,000 - $2,100

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Therefore we have applied the above formula.

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3 years ago
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grin007 [14]

ANSWER:

a. taxes

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Would the outcome have been different if the roles of board chairman and CEO in BP had been combined, as in many large American
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