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Degger [83]
3 years ago
13

On October 31, 2018, the bank statement shows that your company has $13,456.73 in its checking account. You are aware of three o

utstanding checks that total of $2,862.19. During October, 2018, the bank rejected two deposited checks from customers totaling $ 779.19 because of insufficient funds and charged you $22.00 in service fees. You had not yet received notice about the bad checks, but you were aware of and have recorded the $22.00 of service fees. Prior to adjustment on October 31, 2018, your Cash account would have a balance of: (Round your answer to 2 decimal places.)
Business
2 answers:
Ymorist [56]3 years ago
6 0

Answer:

$11,373.73

Explanation:

The bank balance does not show or reflect the outstanding checks, and the unadjusted cash account per the company does not reflect the NSF check.

Unadjusted balance per books

Balance as per bank statement $13,456.73

Less outstanding checks $2,862.19

Add rejected deposited checks $779.19

Balance as per Cash book $11,373.73

Therefore Prior to adjustment on October 31, 2018, the Cash account would have a balance of $11,373.73

Phoenix [80]3 years ago
5 0

Answer:

$11,373

Explanation:

Balance as per bank statement               $13,456.73

Unpresented checks                                ($2,862.19)

Dishonored Checks                                   $ 779.19

Balance as per cash book                            $11,373

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3 years ago
In the aggregate expenditures model, it is assumed that: a.gross investment (I), government purchases (G), and net exports (NX)
tiny-mole [99]

Answer:

The Correct Option is "B"

Explanation:

Total consumption model was created accordingly of traditional model. It shows the connection between the GDP and arranged spending. The condition of consumption model is as per the following:  

Y = C + I + G + NX  

Where, Y is the genuine GDP, C is Consumption, I Refers to net investment, G is government buys and NX is net ex[port.  

The total use model accept that gross investment (I), government buys (G), and net export (NX) are independent to of genuine GDP (Y) as they don't depend on salary of the economy.

3 0
4 years ago
An entrepreneurial team is a group composed of the entrepreneur plus the firm's banker, cpa, and attorney. the firm's managers.
makvit [3.9K]

Answer:

"An entrepreneurial team is a group composed of the entrepreneur plus the firm's banker, CPA, and attorney."

Explanation:

An entrepreneurial team usually consists of 2 or more people with a great interest in the success and future of a company. The work of this team is interdependent as they pursue common goals for success for the venture. They are usually interested in the financial and other areas of a company and include the entrepreneur, the CPA, attorney, and the organization's banker.

8 0
4 years ago
Manley operates a law practice on the accrual method and calendar year. at the beginning of the year manley's firm had an allowa
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4 0
3 years ago
More and more companies have adopted written codes of ethics. Although these codes vary greatly, they can be put into two catego
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Answer:

Ethics Code and Features

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Features  Integrity- Based Ethics                Codes Based Ethics Codes

Ideal:          Accountability, decision            Education, reduced employee

                  processes, controls                   discretion

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Leader:     Managers                                   Lawyers    

Methods: Conform to outside standards   Conform to outside standards

               and chosen internal standards    

Explanation:

Codes of ethics refer to the governing principles and expectations that regulate the behavior of individuals and organizations in the conduct of their professional responsibilities and business activities.  Two broad categories have been identified for written codes of ethics.  They are compliance-based (rules-based) codes and integrity-based (principles-based) codes.  Rules-based or compliance-based codes emphasize prevention, while principles-based or integrity-based codes provide guidance.

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3 years ago
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