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Rzqust [24]
2 years ago
12

All of the following bank reconciliation items would result in an adjusting entry on the company's books excepta. interest earne

d.b. deposits in transit.c. fee for collection of note by bank.d. NSF check of customer.
Business
1 answer:
Olin [163]2 years ago
6 0

Answer:

b. deposits in transit

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smooth manner.  

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The adjusting entry of interest earned is

Cash A/c Dr

     To Interest income A/c

(Being interest is earned)

Likewise, for The fee for collection

Bank charges A/c

     To Cash A/c

(Being fees is charged)

And for NSF check of customer, it would be

Account receivable A/c Dr

          To Cash A/c

(Being the adjusting entry is made)

So, for this the adjusting entry is made but for Deposit in transit , no adjusting entry would be made.

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Consuming 2 widgets provides 240 total utility, while consuming 3 widgets provides 270 total utility. What is the marginal utili
inessss [21]

Answer:

30

Explanation:

Data provided in the question

Total utility consuming the 2 widgets = 240

Total utility consuming the 3 widgets = 270

So by considering the above information, the marginal utility of consuming the third widget is

= Total utility consuming the 3 widgets - Total utility consuming the 2 widgets

= 270 - 240

= 30

Basically we deduct the total utility consumes 2 widgets from the total utility consumes 3 widgets

3 0
3 years ago
Suppose a 95% confidence interval was made to estimate the monthly cost of internet service instead of a 90% confidence interval
Alex

The 95% confidence interval will be wider than the 90% confidence interval.

In statistics, the likelihood that a population parameter will fall between a set of values for a certain percentage of the time is referred to as a confidence interval. Analysts frequently employ confidence ranges that include 95% or 99% of anticipated observations. Therefore, it may be concluded that there is a 95% likelihood that the real value falls within that range if a point estimate of 10.00 with a 95% confidence interval of 9.50 - 10.50 is derived using a statistical model.

  • The level of certainty or uncertainty in a sampling process is measured by confidence intervals.
  • Additionally, they are employed in regression analysis and hypothesis testing.
  • To determine statistical significance, statisticians frequently combine confidence intervals with p-values.
  • 95% or 99% confidence levels are most frequently used in their construction.

Learn more about Confidence interval, here

brainly.com/question/13067956

#SPJ4

6 0
1 year ago
Determine the statements below that are true regarding why a bank reconciliation is used. (Check all that apply.) a) The Cash ac
nlexa [21]

Answer:

b)Timing differences between the bank statement and the depositor's records are reflected in the bank reconciliation.

c) The bank reconciliation is useful in proving the accuracy of the Cash account in the general ledger.

d) We must reconcile the balance of the bank's records and the Cash account in the general ledger and explain or account for any differences in the two

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.

These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

6 0
3 years ago
Read 2 more answers
How many times was the debt ceiling raised from 2016 to 2020?
djyliett [7]

Answer:

2.

Explanation:

On March 15, 2017, it was raised by $1.7B. On September 30, 2017, the debt ceiling was suspended. On March 1, 2019, it was $22.03T and raised by $2.18B. On August 2, 2019, it was again, suspended.

3 0
3 years ago
Health insurance Plan A requires the insured to pay $1000 or 50% of total cost, whichever is lower. Plan B requires the insured
kirill [66]

Answer:

C. $3,800

Explanation:

The computation of the cost level for both insurance policy is shown below:

We choose $1,000 or 50% which ever is lower

We take the help of the given options

a. For the first option

The 50% is 300 which is less than the 1,000 now we take 80% of ($600 - $300) that comes $240

b. For the second option

The 50% is 500 which is less than 500 now we take 80% of ($1,000 - $300) that comes $560

c. For the third optiion

The 50% of $3,800 i.e $1,900 and $1,000 whichever is less i.e ($3,800 - $1,000) = $2,800 so it is $1,000 now we take the 80% of ($3,800 - $300) i.e $2,800

Thus the amount comes same

Thus this is the right option

5 0
3 years ago
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