Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines
s on June 30, its Cash account shows a debit balance of $60,209. Easton's June bank statement shows $58,349 on deposit in the bank.
Determine the adjusted cash balance using the following information:
Deposit in transit $3,800
Outstanding checks $1,925
Check printing fee, not yet recorded by company $15
Interest earned on account, not yet recorded by the company $30
Determine the adjusted cash balance using the following information:
Deposit in transit $3,800
Outstanding checks $1,925
Check printing fee, not yet recorded by company $15
Interest earned on account, not yet recorded by the company $30
1 answer:
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The selling price of the price that is offered to the buyer of the goods. The selling price of the car should be $<u><em>75,000</em></u>.
<h3>What is the selling price?</h3>The selling price is the ultimate value of the goods the seller is willing to offer to the buyer at the time of sale. It is determined by adding up the profit margin to the actual cost of the goods.
The computation of the selling price of the car:
Given,
- Cost price =$60,000
- Margin =25%
Therefore, if Sherry wants to make 25% on the sale of each car then the car must be sold at $75,000 each.
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