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Andrej [43]
3 years ago
13

During the month of July, Clanton Industries issued a check in the amount of $767 to a supplier on account. The check did not cl

ear the bank during July. In preparing the July 31 bank reconciliation, the company should:
Business
1 answer:
ipn [44]3 years ago
8 0

Answer:

The Company should deduct the check amount from the bank balance.

Explanation:

Since Clanton Industries had issued a check in the amount of $767 to a supplier on account in which the check did not clear the bank .

Which means in preparing the bank reconciliation, the company should go ahead and deduct the check amount of $767 from the bank balance because the check did not clear the bank which means it is of no use for the check amount to still remain in the bank balance .

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1. A company issues new stock with a fair value of $120,000 to acquire 85% of the stock of another company. The fair value of th
Delicious77 [7]

Answer:

A. $10,500

Explanation:

FV of IDNA:  

Book value                                                     $ 15,000

Revalued plant assets                                    ($25,000)

license agreements                                           $30,000

Intangible assets                                             $50,000

                                                                           $ 70,000

Non-controlling interest valued at the date of acquisition, following the alternative method allowed by IFRS = 15% * 70,000 =  $10,500.

4 0
3 years ago
The following schedule shows the technology of production at Mahalo Macadamia Nut Farm for​ 2015: Workers Total Pounds of Macada
faltersainse [42]

Answer:

MRPL= $200 = wage rate when there are 5 workers

and MRPL = $1,200 = wage rate when there are 2 workers.

Explanation:

The computation of unionized is shown below:-

Marginal revenue product of labor = Marginal product × Price per unit

Workers   Total Production    Marginal Product     MRPL

                   (per day)

a                    b                        b × $8

0                   0

1                   200                         200                      $1,600

2                   350                          150                      $1,200

                                               (350 - 200)

3                   450                           100                    $800

                                               (450 - 350)

4                   500                          50                        $40

                                               (500 - 450)

5                   525                           25                       $200

                                               (525 - 500)

6                    510                         -15                        -$120

                                               (510 - 525)

From the above table MRPL = $200 = wage rate when there are 5 workers

and MRPL = $1,200 = wage rate when there are 2 workers.

4 0
3 years ago
You have a maximum cost-per-click (max. cpc) bid of us$2 for a keyword. to determine the prospective impact of raising this bid
ivann1987 [24]
Bid simulator.This is because a bid simulator allows the user to make changes to the max.cpc and this can change the cost of the number of clicks and the conversion value.They also help you different bids can change your ads.This is critical because this makes one know how to improve the performance.
7 0
3 years ago
A firm has four different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the
xxMikexx [17]

Answer:

The answer is "Option D".

Explanation:

Using the formula for calculating present value:

= \frac{Future \ value}{(1+r)^n}\\\\

that's why "Option D" is correct.

8 0
3 years ago
Current assets are those assets that can be converted into cash within:
alukav5142 [94]

Answer:

B. One year or the operating cycle, whichever is longer.

Explanation:

Current Assets are assets that can be converted into cash within a year or an operating cycle whichever is longer.

Current Assets are presented first on a balance sheet and arranged in order of liquidity.

Examples of current assets are cash ,

cash equivalents , short-term investments, accounts receivable and stock inventory.

I hope my answer helps you

4 0
3 years ago
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