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NeTakaya
2 years ago
14

At August 31, Kingbird, Inc. has a cash balance per books of $8,320 and the following additional data from the bank statement: c

harge for printing Kingbird, Inc. checks $50 and interest earned on checking account balance $46. In addition, Kingbird, Inc. has outstanding checks of $880. Determine the adjusted cash balance per books at August 31.
Business
1 answer:
german2 years ago
3 0

Answer:

$8,316

Explanation:

The computation of adjusted cash balance per books at August 31 is shown below:-

Adjusted cash balance per books at August 31 = Cash balance per books + Interest earned - Charge for printing Kingbird, Inc. checks

= $8,320 + $46 - $50

= $8,316

Therefore for computing the Adjusted cash balance per books at August 31 we simply applied the above formula and we have not considered the outstanding checks as it is not relevant.

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Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data
Alla [95]

Answer:

Blinks= $18.4

Dinks= $110.4

Explanation:

Giving the following information:

Blinks:

Units= 947

Direct labor hours per unit= 1

Dinks:

Units= 1,811

Direct labor hours per unit= 6

Fabrication Department= $109,400.

Assembly Department= $108,000.

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total overhead= 109,400 + 108,000= $217,400

Total direct labor hours= (947*1) + (1,811*6)= 11,813

Predetermined manufacturing overhead rate= 217,400/11,813

Predetermined manufacturing overhead rate= $18.40 per direct labor hour.

Now, the unitary allocated overhead per unit:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Blinks= 1*18.4= $18.4

Dinks= 6*18.4= $110.4

7 0
3 years ago
The use of communication technologies such as videoconferencing and networks has enabled increased
ExtremeBDS [4]
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2 years ago
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Which of the entries in the list below are capital​ goods?
mestny [16]
What's on the list? I need to know so I can answer :)
7 0
3 years ago
Suppose the market follows a single index model, where the index has standard deviation of 15%. For a stock with firm-specific r
iogann1982 [59]

Answer:

Explanation:

St deviation of stock σ = √( β² x σ₁² + σ₂² )

σ₁ = standard deviation of market = .15 and σ₂ is standard deviation of firm

Putting the values given

.30 = √ ( β² x .15² + .10² )

.09 =  β² x .0225 + .01

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3 0
3 years ago
Data below for the year ended December 31, 2021, relates to Houdini Inc. Houdini started business January 1, 2021, and uses the
katrin [286]

Answer:

70.3%

Explanation:

Current period cost-to-retail percentage is:

  • Beginning inventory  $70,000     $107,000
  • Plus: Net Purchases  $302,290  $450,000
  • Plus: Net markups                         $23,000
  • Less: Net markdowns                   ($43,000)

Goods available for sale (excluding beginning inv.) $302,290   $430,000

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Cost-to-retail percentage = $302,290 / $430,000 = 70.3%

5 0
3 years ago
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