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Pachacha [2.7K]
3 years ago
6

Jason keeps a record of his transactions in a notebook. Looking over his records for the past two weeks, Jason finds that his ba

nk statement does not match his notebook, and he actually has less money than he thought he did.
These are the relevant entries in Jason's notebook:

However, Jason's bank statement says that his ending balance is $473.33. Which of the following is a possible explanation for the discrepancy?

a. Jason actually made two $20 charitable donations but forgot to write one of them down.
b. Jason listed the refund as a credit, but it should be a debit.
c. Jason listed the groceries out of habit, but he did not actually purchase them this week.
d. Jason transposed the digits on the microwave's price, which actually cost $86.74.
Business
1 answer:
shtirl [24]3 years ago
8 0

Answer:

The correct answer to this question is Option D: Jason transposed the digits on the microwave's price, which actually cost $86.74.

Explanation:

The ending balance according to Jason's record is 473.33

But from his transactions we can see the difference in his credit and debit as

= (578.65 + 363.20 + 21.19) - (275.60 + 20.00 + 63.29 + 44.08 + 68.74) =  $491.33

But his bank statement states his balance as: $ 473.33

In his calculation, Jason used $68.74 as the price of the microwave, instead of $86.74.

When we recalculate using the correct price for the microwave, we get:

(578.65+363.20+21.19) - (275.60+20.00+63.29+44.08+86.74) = $473.33 (the figure his bank statement reads)

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Peter Company acquired 75 percent of Sally Company on January 1, 2019 for $712,500. During 2019, Sally purchased inventory for $
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Answer:

Journal entry to eliminate Sale to Peter Company

Debit : Sales Revenue (Sally Company ) $50,000

Credit : Cost of Sales (Peter Company) $50,000

Explanation:

Peter Company and Sally Company are in a group and Peter Company is the Parent whilst Sally Company is the subsidiary.

For 2019 Eliminate an Intragroup Transactions that occur between Peter Company and Sally Company.

8 0
2 years ago
Both Projects A and B are acceptable as independent projects. However, the selection of either one of these eliminates the optio
Slav-nsk [51]

Answer: Mutually exclusive

Explanation:

In probability theory and logic, two propositions or events are disjoint or mutually exclusive if both events cannot occur at the same time. An example is the outcomes derived from the single toss of a coin which either be head or tail

In the project example given, the theory used is called mutually exclusive since both projects can not be chosen at the same time and it is only one project at w time. Mutually exclusive events are also called independent events since they have no effect on the viability of the other options.

4 0
3 years ago
Sobota Corporation has provided the following partial listing of costs incurred during August:
QveST [7]

Answer:

a. $365,000

b. $346,800

Explanation:

The computations are shown below:

a. For product cost:

= Direct materials used + Direct labor + manufacturing overhead

where,

Manufacturing overhead  = Indirect labor + Property taxes, factory + Depreciation of production equipment

= $45,000 + $18,900 + $42,200

= $106,100

So, the product cost would be

= $168,100 + $90,800 + $106,100

= $365,000

b. For period cost

= Marketing salaries + Administrative travel + Sales commissions + Advertising

= $51,700 + $100,800 + $50,000 + $144,300

= $346,800

4 0
3 years ago
If the maker of a note does not pay at maturity, __________.
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The maker. Hope this helps. :)
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3 years ago
U-1 is a more____
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Answer:

B. narrow, have been unemployed for 15 weeks or more weeks.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

I. Natural Rate of Unemployment (NU).

II. Frictional unemployment rate (FU).

III. Structural unemployment rate (SU).

IV. Actual unemployment rate (AU).

V. Cyclical unemployment rate (CU).

There are different measures used in the measurement of the unemployment rate in a country's economy and these includes;

I. U-1: this is the percentage of people that are unemployed for at least 15 weeks or more.

II. U-2: this is the percentage of the people who have lost their job or the people that finished a temporary job.

U-1 is a more narrow measure of unemployment rate than the conventional U-3 measure and U-1 counts as unemployed workers who have been unemployed for 15 weeks or more weeks.

5 0
2 years ago
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