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kondor19780726 [428]
2 years ago
14

A month-end bank statement shows a balance of $52,000, outstanding checks of $8,000, an intransit deposit of $3,500, and a deduc

tion error of $25 made by the bank against the account. What is the correct balance in the bank account at month end
Business
1 answer:
Semmy [17]2 years ago
4 0

Answer:

$56,552

Explanation:

A month-end bank statement shows a balance of $52,000, outstanding checks of $8,000, an intransit deposit of $3,500, and a deduction error of $25 made by the bank against the account.

The correct balance in the bank account at month end will be:

Balance as per bank statement....$52,000

Add: Outstanding Checks................$8,000

less: In transit deposit......................($3,500)

Add back: Deduction in error.............<u>....$52</u>

Correct balance in  bank account <u>$56,552</u>

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How the 4 factors of pruduction fit together land,capital,labor,entreprenurship​
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Explanation:

To understand the basic philosophy behind the four factors of production

Land - Labor - Capital - Entrepreneurship

Lets consider an example:

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3 years ago
What is a contact list
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Dr. Tylka is studying the way that people value relationships. For the purpose of her study, she defines an interest in relation
anygoal [31]

Answer:

Operationalization

Explanation:

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Waterway Industries reported the following information for 2016: October November December Budgeted sales $950000 $890000 $11000
MakcuM [25]

Answer:

At November 30, 2016, budgeted Accounts Receivable is $445,000

Explanation:

In October, Sales: $950,000

Customer amounts on account are collected: 50% x $950,000= $475,000

At 31 October, Accounts Receivable = 50% x $950,000= $475,000

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At November 30, 2016 budgeted Accounts Receivable = 50% x $890,000 = $445,000

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