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weqwewe [10]
3 years ago
5

At July 31, Sandhill Co. has this bank information: cash balance per bank $8,140, outstanding checks $770, deposits in transit $

1,245 and a bank service charge $35. Determine the adjusted cash balance per bank at July 31.
Business
2 answers:
horsena [70]3 years ago
8 0

Answer:

The adjusted cash balance per bank at July 31 is $8,615.

Explanation:

Outstanding checks are the ones which the business has issued and recorded, but which the bank has not yet cleared. Hence, Sandhill Co. should deduct this amount from the cash balance per bank.

Deposits in transit are the deposits that are received and recorded by the business, but which the bank has not yet processed. Hence, Sandhill Co. should add this amount to its cash balance per bank.

The bank service charge is already accounted for in the cash balance per bank and requires no further treatment.

Therefore,

Initial cash balance per bank               $8,140

Less: Outstanding checks                    ($770)

Add: Deposits in transit                        $1,245

Adjusted cash balance per bank         $8,615

Gala2k [10]3 years ago
7 0

Answer:

$8,615

Explanation:

Sandhill Co

Unadjusted balance per bank statement $8,140

Add deposits in transit $1,245

Less outstanding checks $770

Adjusted balance per bank $8,615

Therefore the adjusted cash balance per bank at July 31 is $8,615

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ladessa [460]

With the franchise of her Camp Bow Wow, <em>a. It allowed her to work at realizing her </em><em>vision</em><em> and building the </em><em>brand </em><em>rather than the day-to-day </em><em>operations </em><em>of the business.</em>

Heidi did not choose the franchise option because she had experience in founding other franchises, had her fill with corporate life, or needed to recover money wasted on the settlement of her late husband's plane crash lawsuit.

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Learn more: brainly.com/question/18082361

3 0
3 years ago
Chenrezic Music Stores, a chain of stores selling musical instruments, is trying to improve its customer service. While examinin
GalinKa [24]

Answer: Affinity pattern

Explanation:

Data mining is when patterns are being discovered in large data. From the question, we are informed that Chenrezic Music Stores, a chain of stores selling musical instruments, is trying to improve its customer service.

We are further told that while examining its checkout data, it learned that people who buy guitar covers also buy guitar straps and vice versa. In this

This shows that data mining has helped to find better ways to improve customer service has also led to the discovery of affinity pattern.

4 0
3 years ago
If $ 9 comma 000 is invested in a certain business at the start of the​ year, the investor will receive $ 2 comma 700 at the end
laiz [17]

Answer:

NPV= 1,036.16

Explanation:

Giving the following information:

Initial investment= $9,000

Cash flows= $2,700 at the end of each of the next four years.

Interest rate= 3%

To calculate the net present value (NPV), we need to use the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

Cf1= 2,700/1.03= 2,621.36

Cf2= 2,700/1.03^2= 2,545

Cf3= 2,700/1.03^3= 2,470.88

Cf4= 2,700/1.03^4= 2,398.92

Total= 10,036.16

NPV= -9,000 + 10,036.16

NPV= 1,036.16

3 0
3 years ago
What is the primary goal of financial management for a sole proprietorship?
Evgesh-ka [11]

Answer: we will first add the options.

A. Maximize the market value of the equity.

B. Maximize net income given the current resources of the firm.

C. Minimize the tax impact on the proprietor.

D. Decrease long-term debt to reduce the risk to the owner.

E. Minimize the reliance on fixed costs.

The correct option is A. Maximize the market value of the equity.

Explanation: A sole proprietorship is generally owned by an individual. Therefore there is a usually a limitation to how much funds that can be invested in the business.

What this means is that this form of business is very simple and restrictive with regards to equity financing. In other words, equity financing is usually limited to the amount of funds that the sole proprietor is willing to invest in the business.

This is where good financial management comes in, this is to ensure that the invested equity bears fruit, and achieves high market value in order to yield revenue.

Lack of proper management and the invested equity will be squandered.

6 0
3 years ago
The mechanical and chemical receptors that control digestive activity are located ________. in the oral cavity in the walls of t
stiv31 [10]

Answer:

The correct answer is <em>in the walls of the tract organs</em>.

Explanation:

The regulation of digestive activities is carried out by intrinsic (systemic) and extrinsic nerves, as well as digestive hormones. And as in the rest of the regulatory systems, sensorial receptors, integration systems and effectors (cells that execute the regulatory response) participate. In vertebrates, this regulatory system overlaps the basic activity of the smooth muscles of the digestive system, modulating it, in addition to exerting other effects.

4 0
3 years ago
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