A change in the amount of sales can be due to either a change in the units sold or a change in price or both.

Tony received his bank statement on March 7, showing a balance of $1,669.93. The balance shown in his checkbook was $1,451.06. D

levacccp [35]

Bank balance and check book balance should always be the same but in case if there is some differences, it might be possible that certain amount is not recorded or missed either by bank or check book balance, hence the books should be reconciled.

The reconcile statement above should be:

Balance as per bank statement:

Add: Deposits in transit:

Less: Outstanding checks recorded in check book and not recorded in bank book.

Reconcile balance in the books of bank.

The image attached shows the reconciliation .

Balance as per cash book:

Less: Service charge deducted by bank but not recorded in check book

Add: Interest earned not recorded in check book

Reconcile Balance as per cash book.

The image is attached.

6 0

3 years ago

Owner of JavaJoint: Over the past year, the coffee store has become a daily hang-out for more and more teenagers. Many of our ad

lys-0071 [83]

Answer:

(C) offering new evidence implying that the status quo is not incompatible with the owner’s goal

Explanation:

Considering that the main goal of the owner is to maximize his revenue, the store manager provides evidence that shows that the teenagers spend the same amount that the average adult and that the store is getting more new customers that the ones that have lost which indicates that the situation they are having is making the store to go in the direction of achieving his goal.

6 0

3 years ago

Gwen is a psychologist who maintains an office in a professional suite. She often spends time doing paperwork and scheduling in

Aleks04 [339]

Answer:

A-she can deduct her mileage for driving from her home to her office at the professional suite

B-she can deduct her home office expenses

Explanation:

As a general rule of thumb, every expenses that incurred for business operation can be deducted from your taxes. This rule can still applicable even if you're working from your home.

A car mileage can only be deducted according to the proportion that is used for work  since it's considered as an expense that must incurred in order for Gwen to do her business.

Lunch money is considered as private consumption that does not related to her business operation. This is why it's not tax deducible.

7 0

3 years ago

If your paycheck indicates that you worked 7.5 hours each day in an 8-day pay period, how many hours did you work in all? A. 54

allsm [11]

Hi!

To solve this multiply

7.5 x 8 = 60

The answer is C. 60 hours

Hope this helps! :)

6 0

3 years ago

On July 1, the inventory of at Barnett Shoes was $60,000. Because of anticipated back-to-school sales, the owner wants to have a

AVprozaik [17]

Answer:

required purchase 83,500

Explanation:

The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.

cost of inventory sales for July:

70,000 x (1 - 45%) = 38,500

desired ending inventory 105,000

beginning inventory (60,000)

required purchase 83,500

4 0

4 years ago