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Serjik [45]
3 years ago
14

In the normal operation of business, you receive a check from a customer and deposit it into your checking account. With your ba

nk statement you are advised that this check for $775 is "NSF." The bank also informs you that due to the amount of activity on your business account the monthly service charge is $75. During a bank reconciliation, you will
Business
1 answer:
Basile [38]3 years ago
5 0

Answer:

B. Subtract both values from balance according to books.

Explanation:

There is an option below the question ask for details

The NSF and service charges are recorded in the bank statement and to balance it should be recorded in books as well. So these two items would be deducted from the books so the book balance will be got reduced

As bank reconciliation means the balance of bank and the balance of cash should be equal and balanced

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An owner decides to sell his property and discovers that there is a lien on his title for a swimming pool he paid off 10 years a
zepelin [54]
<span>For the answer to the question above, before you can place a lien on a business property, you must first have a court order -- a judgment -- directing the debtor to pay what is owed. After filing a claim with the court and submitting proof of the amounts owed to you, the business must answer and explain why the debt is not owed. The court will grant your request if there is no evidence to show that the debtor does not owe the amounts in question and enter a judgment in your favor.</span>
8 0
3 years ago
Tomasini Corporation has provided the following data from its activity-based costing accounting system:
Gelneren [198K]

Answer:

d. $192,000

Explanation:

The computation of the supervisory wages and factory supplies not be assigned is shown below:

= Supervisory wages × other percentage + factory supplies × other wages

= $780,000 × 10% + $380,000 × 30%

= $78,000 + $114,000

= $192,000

Hence, the correct option is d. $192,000

All other information i.e given in the question is not relevant Hence, ignored it

4 0
3 years ago
Which statement is not true regarding a critical asset in the enterprise environment
alukav5142 [94]

The statement that is not true regarding a critical asset in the enterprise environment is:

  • It can easily be replaced

<h3>What is a critical asset?</h3>

Critical assets are the main resources that sustain the daily operation of a business.

These assets are the lifeblood of the business so any attempt to replace them can significantly damage the smooth running of the organization. So, critical assets cannot be replaced.

Learn more about critical assets here:

brainly.com/question/14617186

#SPJ11

6 0
2 years ago
You have the following information on Marco's Polo Shop: total liabilities and equity = $210 million; current liabilities = $50
KengaRu [80]

Answer:

$60 million

Explanation:

The quick ratio is  the financial ratio of the current assets less inventory to current liabilities. While the accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity.

This may be expressed mathematically as

Assets = Liabilities + Equity

Given that quick ration is 1.7 and current liabilities = $50 million

1.7 = current assets less inventory/$50 million

current assets less inventory = 1.7 * $50 million

= $85 million

The total asset is made up of the current assets less inventory, inventory, fixed assets. Let the balance for fixed assets be y

$85 + $65 + y = $210   (all amounts in millions)

y = $210 - $150   (all amounts in millions)

y = $60   (all amounts in millions)

3 0
3 years ago
Crador Corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion co
klasskru [66]

Answer: 62.5%

Explanation:

Equivalent units = Units completed and transferred out + percentage completed of ending inventory

14,800 = (1,100 + 14,000 - 800) + Percentage

14,800 = 14,300 + Percentage amount completed

Percentage amount completed = 14,800 - 14,300

Percentage amount completed = 500 units

Percentage = Ending equivalent units / ending inventory

= (500/800) * 100

= 62.5%

8 0
3 years ago
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