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Makovka662 [10]
3 years ago
10

If a company made a bank deposit on September 30 that did not appear on the bank statement dated September 30, in preparing the

September 30 bank reconciliation, the company should: Deduct the deposit from the bank statement balance. Send the bank a debit memorandum. Deduct the deposit from the September 30 book balance and add it to the October 1 book balance. Add the deposit to the book balance of cash. Add the deposit to the bank statement balance.
Business
1 answer:
jasenka [17]3 years ago
4 0

Answer:

Add the deposit to the bank statement balance.

Explanation:

This is a temporary difference, the bank balance will be adjusted in the bank reconciliation to get the adjusted bank statment.

The deposit is an increase of cash, it will not be deducted. The bank will acknowledge the deposit in 48 or 72 hours so there is no need to send any memo.

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Each month’s ending inventory of finished units should be 60% of the next month’s sales. The April 30 finished goods inventory i
xeze [42]

Answer:

230

Explanation:

Calculation for Champ’s budgeted production (in units) for May

CHAMP INC.

Production Budget For month ended May 31

Sales during the month 230

Less: Opening Stock (138)

(60%*230)

Sales units required to produce in May 92

(230-128)

Sales during June 230

Add: Closing stock of May 138

(230*60%)

Budgeted production (in units) for May: 230 (138+92)

Therefore Champ’s budgeted production (in units) for May will be 230

8 0
3 years ago
A typical American worker covered by unemployment insurance receives _____ percent of his former wages for up to ________ weeks.
erica [24]

Answer:

correct answer is 50% and 26 weeks

Explanation:

solution

American worker wage replacement rate for the minimum wage worker is 50 percent of former wage

and weekly benefit  for the full time and full year worker earn minimum wage they not replace 50 percent of lost income

and worker  run out of benefit  prior to  standard that is 26 weeks

so correct answer is 50% and 26 weeks

5 0
3 years ago
Jack's Construction Co. has 80,000 bonds outstanding that are selling at par value. Bonds with similar characteristics are yield
zheka24 [161]

Answer:

WACC 10.42614%

Explanation:

<u>First we use CAPM to solve for the cost of equity</u>

Ke= r_f + \beta (r_m-r_f)  

risk free 0.04

market rate  

premium market (market rate - risk free) 0.08

beta(non diversifiable risk) 1.1

 

Ke= 0.04 + 1.1 (0.08)  

Ke 0.12800

Then we calculate the WACC (weighted average cost of capital)

WACC = K_e(\frac{E}{E+D}) + K_d(1-t)(\frac{D}{E+D})

D 80,000 bonsd x 1,000 = 80,000,000

E 4,000,000 shares x 40 = 160,000,000

E+ D 80,000,000 + 160,000,000 = 240,000,000

equity weight: 2/3

liability weight: 1/3

Ke 0.128

Equity weight 0.6667

Kd 0.086

Debt Weight 0.3334

t 0.34

WACC = 0.128(0.6667) + 0.086(1-0.34)(0.3334)

WACC 10.42614%

6 0
3 years ago
A process with completed and transferred out 28,000 units during a period and had 14,000 units in the ending work in process tha
mestny [16]

Answer:

35,000 equivalent units

Explanation:

Equivalent Units E.U) are notional whole units which represent incomplete work and are used to apportion costs between between work in progress and completed work.

To compute as

Equivalent Units = Degree of completion (%) × units

Items          Units            Workings                 E.U

Completed   28,000     28,000× 100%        28,000

Closing WIP     14,000     14,000 × 50%         7,000

Total equivalent units                                   35000

The total equivalents for conversion cost

= 28,000 + 7,000

= 35,000

8 0
3 years ago
How can integrating SCM, CRM, and ERP help improve business operations at your place of work or school
zalisa [80]

Answer:

The integration of those systems will have the power to improve the operations by giving more information and control to the managers and help them in the decision making process.

Explanation:

First of all, the name of "Supply Chain Management" refers to a system that is used in the companies in order to have information and control what it is known as the flow of the goods and services since the raw materials until the final good consumed by the final user.

Secondly, a "Customer Relationship Management" is another system that focus more priorily in the attention to the consumer and the relationship that the company has with him, meaning that in that system all the information related to the customer is held

Finally, an "Enterprise Resource Planning" is also a system that helps the managers to resolve the problems more superiors related to the high management and the decision making process that is involved in those areas due to the fact that it provides a continuous and real life time focus of the situation of the company as a whole.

To sum up and in order to respond to the question, those three systems can help any business to improve its operations due to the simply fact that it will have a major control of what happens and that will mean more information for the decision making process that will lead to better results and profits.

8 0
3 years ago
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