1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Phoenix [80]
3 years ago
5

Pina Colada Corp. gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per b

ooks, 8/31$30800 Deposits in transit1300 Notes receivable and interest collected by bank7500 Bank charge for check printing180 Outstanding checks17600 NSF check1500 The adjusted cash balance per books on August 31 is:
Business
1 answer:
myrzilka [38]3 years ago
4 0

Answer:

$36,620

Explanation:

The computation of the adjusted cash balance is shown below:

Adjusted cash balance = Cash balance as per books + Notes receivable and interest collected by bank - Bank charge for check printing - Outstanding checks

= $30,800 + $7,500 - $180 - $1,500

= $36,620

Hence, the adjusted cash balance is $36,620. By applying the above formula we can easily find out

You might be interested in
Burnett Corp. pays a constant $8.25 dividend on its stock. The company will maintain this dividend for the next 13 years and wil
Valentin [98]

Answer:

$55.134

Explanation:

Given

dividend paid on its stock = $8.25

Duration is next 13 years

P0 = dividend on its stock × (PVIFA of return on this stock,years)

Remember PVIF = (1 - (1 + r)^-n)/r

Where PVIFA = present value interest factor of annuity

r = interest rate per period

n = number of periods

Therefore

P0 = $8.25 × (PVIFA11.2%,13)

P0 = $55.134

6 0
3 years ago
Read 2 more answers
Six years ago a commercial property owner paid $490,000 for her complex which included 10 acres of land valued at $100,000. Usin
Kobotan [32]

Answer:

AS land cannot be depreciated we will first subtract the value of the land from the complex so we are left with $390,000 (490,000-100,000)

In straight line method each year the asset is depreciated by the same amount so in order to find out yearly depreciation we will divide 390,000 by 40

=9750

In 6 years the complex has depreciated for $58,500

So the current value of the apartment complex would be (490,000-58500)

The current value of the apartment complex is $431500

Explanation:

3 0
3 years ago
After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the debit and
Nat2105 [25]

Answer:

huh.............................................................................................

6 0
3 years ago
According to Brynjolfsson and McAfee (2014), in winer-take-all markets, the compensation (e.g., revenues) is mainly determined b
podryga [215]

Answer: The correct answer is "relative perfomance".

Explanation: According to Brynjolfsson and McAfee (2014), in winer-take-all markets, the compensation (e.g., revenues) is mainly determined by <u>relative perfomance.</u>

A type of market in which the winner takes everything clearly implies that the best competitors are those who take a large proportion of rewards while the worst little or nothing. To say that it is determined by their relative performance, refers to the subjects receiving rewards based on their performance in relation to the other competitors.

5 0
3 years ago
Define securitization.​
Harman [31]
The word secure is a protected sounding word so it’s the process of securing something from a business to protecting something from terrorist BASICALLY protecting‍♂️
8 0
2 years ago
Other questions:
  • Presented below are three transactions. Mark each transaction as affecting common stock, dividends, revenue, expense, or not aff
    11·1 answer
  • Young Bobby opened a lemonade stand in his front yard. He used $4 worth of lemons, sugar, and cups, and paid his little sister $
    10·1 answer
  • The buyer and seller of merchandise must agree on who is responsible for paying freight terms. Show your understanding of freigh
    6·1 answer
  • What are capital gains on an investment?
    10·1 answer
  • Expansionary fiscal policies are designed to
    8·1 answer
  • Dylan is a second-year undergraduate who feels so incompetent that he believes his life is worthless and hopeless. Dylan would p
    8·1 answer
  • Estephanie, Yahaira, and Adamaris, all African Americans, worked in the advertising department of a large cosmetic company with
    14·1 answer
  • If you were a manager who made sure that rewards were distributed to your employees fairly based on their performance and that e
    12·1 answer
  • Stellar Corporation had the following activities in 2020.
    12·1 answer
  • What is a Product? (Give me one example)​
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!