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goldenfox [79]
3 years ago
7

Time Remaining 36 minutes 46 seconds00:36:46 Item 6Item 6 Time Remaining 36 minutes 46 seconds00:36:46 A company's Cash account

shows a balance of $5,680 at the end of the month. Comparing the company's Cash account with the monthly bank statement reveals several additional cash transactions such as deposits outstanding ($1,250), checks outstanding ($2,420), bank service fees ($47), an NSF check from a customer ($190), a customer's note receivable collected by the bank ($560), and interest earned ($66).
Business
1 answer:
Diano4ka-milaya [45]3 years ago
7 0

Answer:

Cash account balance $5,680

- bank service fees ($47)

- NSF check ($190)

+ customer's note receivable $560

<u>+ interest earned $66                    </u>

adjusted cash account balance $6,069

Dr Bank fees expense 47

    Cr Cash 47

Dr Accounts receivable 190

    Cr Cash 190

Dr Cash 560

    Cr Notes receivable 560

Dr Cash 66

    Cr Interest revenue 66

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Beranek Corp has $695,000 of assets (which equal total invested capital), and it uses no debt - it is financed only with common
lesya692 [45]

Answer:

$278,000

Explanation:

Data provided:

Total invested capital or assets = $695,000

Total debt to total capital ratio = 40%

now,

\frac{\textup{Total debt}}{\textup{Total capital}} = \frac{\textup{40}}{\textup{100}}

or

Total debt = 0.4 × Total capital

or

Total debt = 0.4 × $695,000

or

Total debt = $278,000

Hence,

The firm must borrow $278,000 to achieve the desired ratio

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Historically, coins and paper money complicated the exchange process. <br> a. True <br> b. False
Salsk061 [2.6K]
False. They made it easier.
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On December 31, 2020, the Bennett Company had 100,000 shares of common stock issued and outstanding. On July 1, 2021, the compan
matrenka [14]

Answer:

$5.31

Explanation:

Earnings per share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding

<em>where,</em>

<u>Earnings Attributable to Holders of Common Stock is :</u>

Net Income                                                                       $650,000

Less Preference Stock dividend                                       ($71,000)

Earnings Attributable to Holders of Common Stock      $579,000

<em>and</em>

<u>Weighted Average Number of Common Stocks Outstanding :</u>

Common Stocks at Beginning outstanding                                  100,000

Stocks Sold at Weighted Average (18,000 / 2)                                9,000

Weighted Average Number of Common Stocks Outstanding    109,000

therefore,

Earnings per share = $579,000 ÷  109,000

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The 2021 basic earnings per share is $5.31.

4 0
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Following the fall of the Soviet Union, Russia saw a rise in political freedom and the economy implemented widespread price dere
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Answer:

Neoliberalism.

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If the inequality is increased so the individual income would be represent as a neoliberalism cause also it would be applied in that case when the soviet union fall witness the disparities that lies between the rich and the power having gap widening also. It affects the individuals those already wealthy in order to earn and make more profits and give less for the population that is poor to catch up and decline back on track

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A thief uses a bag of sand to replace a gold statue that sits on a weight sensitive alarmed pedestal. The bag of sand and the st
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No, the thief didn't set off the alarm. As the mass of the gold statue and the bag of sand is different, the alarm clock will start ringing once the statue is replaced with the bag of sand. Thus, the thief screwed up the operation.

3 0
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