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ryzh [129]
2 years ago
8

Winter Gloves Company had checks outstanding totaling $6,400 on its May bank reconciliation. In June, Winter Gloves Company issu

ed checks totaling $39,900. The July bank statement shows that $35,000 in checks cleared the bank in July. A check from one of Winter Gloves Company's customers in the amount of $1,000 was also returned marked "NSF." The amount of outstanding checks on Winter Gloves Company's July bank reconciliation should be a. $4,200. b. $9,600. c. $10,600. d. $11,600.
Business
1 answer:
Ostrovityanka [42]2 years ago
7 0

Answer:

$11,300

Explanation:

The computation of the amount of outstanding checks is shown below:

Outstanding checks in the month of May = $6,400

Now

Checks outstanding in the month of July is

= $39,900 - $35,000

= $4,900

So, the total amount of outstanding checks is

= $6,400 + $4,900

= $11,300

This is the amount but the same is not mentioned in the given options

We simply added the May outstanding checks and July outstanding checks

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You are interested in buying a piece of land overlooking the sea. You find a place atop a 50m high sea cliff. The lot is only ab
monitta

Answer:

The stability of the sea cliff, rock type, etc.

Explanation:

The most significant thing which must be considered is the stability of the sea cliff, rock type, etc. because it is given in the question that the place is at a top of 50 m high sea cliff. Therefore, the cliff must be stable and strong. Moreover, this is 200 m long parallel to the coast so there will not be any difficulty in the view. Thus, only stability is the primary concern that must be considered.

8 0
3 years ago
A small multifamily property generates $50,000 in rental income, $10,000 in expenses, and $25,000 in debt service. The property
Ivenika [448]

Answer:

The cash flow on this property is $15,000

Explanation:

The computation of the cash flow on the property is shown below:

= Rental income - expenses - debt service

= $50,000 - $10,000 - $25,000

= $15,000

The property appreciated amount would not be considered in the computation part because it does not create any cash flow. So, this part would be ignored. Therefore, other items would be considered in the computation part.

3 0
3 years ago
Your friend currently works as an accountant at a public accounting firm in the small town of Beaver Falls, Pennsylvania. He is
Papessa [141]

Answer:

A. your friend most likely should not be quite so excited because the extremely high cost of living in New York City means his real salary increase will be less than he imagined.

Explanation:

Here are the options to this question :

A. your friend most likely should not be quite so excited because the extremely high cost of living in New York City means his real salary increase will be less than he imagined.

B. your friend has no reason to be excited because higher pay implies more job responsibilities and more working hours.

C. your friend has every reason to be excited because he will be getting paid 120% of what he used to be paid.

D. your friend has reason to be excited because in a bigger city he will have more things to do and his higher salary will allow him to spend on those activities.

Cost of living in a big town is higher than living in a small town. Even though the nominal income of my friend has increased, the real income might not have increased due to the high cost of living in a big city.

Nominal income is the money income being earned. My friend's nominal income would increase from $50,000 to $60,000 if he takes the new job.

Real income is the purchasing power of income

5 0
2 years ago
Who determines whether a corporation will pay dividends to stockholders?
weqwewe [10]

The board of directors will pay dividends to the stockholders.

5 0
3 years ago
The amount of money deposited 25 years ago at 5% interest that would now provide a perpetual payment of $15,000 per year is clos
Mademuasel [1]
The amount of money needed now to begin the perpetual payments is
P = A/I =15,000÷0.05=300,000

The amount that would need to have been deposited 25 years ago is
P=A÷(1+r)^t
P=300,000÷(1+0.05)^(25)
P=88,590.83
6 0
3 years ago
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