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vazorg [7]
3 years ago
7

Which of the following item would cause cash per the hank statement to be smaller than the balance of cash show in the accountin

g records?
A. Check #777 written by the company in payment of a debt for $730.10 a recorded by the bank as $701.30
B. Deposits in transit
C. Interest earned on the average balance of the checking accounted
D. Outstanding checks
E. All of the above would cause the balance per bank statement to be greater than the balance per books.
Business
1 answer:
zavuch27 [327]3 years ago
5 0

Answer:

The correct answer is B

Explanation:

Deposit in transit is the term which is defined as the checks and cash which have been collected and reported by an entity in the books, but it is not yet recorded or processed in the records of the bank where the funds are deposited.

So, the item of deposit in transit will cause the cash per bank statement to be smaller than the balance of cash showed in the accounting records because it is that cash which is received by the company and sent to the bank but not yet processed or posted to the bank account by the bank.

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The average wholesale price a company is charging camera retailers for its models is deemed to be competitive with the average w
svp [43]

Their average wholesale price can be said to be competitive if it is below the all-company average wholesale price in that geographic region.

<h3>When is a price considered competitive?</h3>
  • It means that the price is better than others in the market for a certain good or services.
  • It is lower than the average price offered by other sellers.

The company is therefore charging a lower than average price which is why it is competitive with others because they will be forced to lower prices to maintain sales.

In conclusion, option A is correct.

Find out more on markets that allow competitive pricing at brainly.com/question/24877850.

7 0
2 years ago
The substitution effect of an increase in the price of Raisin Bran refers to Select one: a. the decrease in the demand for Raisi
EleoNora [17]

Answer:

the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.

Explanation:

the substitution effect arises when as a result of a rise in the price of a good, the good becomes more expensive relative to its substitutes. Consumers not consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve.

If the price of the good increases. The good becomes cheaper when compared with substitutes. As a result, the demand for the good increases while that of the substitutes decreases.

The income effect is when an increase in price lowers consumer's purchasing power, holding money income constant.

5 0
2 years ago
If you put $7000 in a saving account that earns 2% interest for 10 years, how much will you have in
blondinia [14]

Answer:

1) 56,000

2) 9,950

3) 8,479

4) 25,500

Explanation:

1)20% of 70.000=56.000

2)5% of 10.000=9.950

3)21% of 10.500=8.479

4)15% of 30.000=25.500

4 0
3 years ago
Which of the following statements are reasons why operations management is important?
mafiozo [28]

Answer: D. All of these are reasons why operations management is important.

Explanation: Operation management is concern with converting materials and labor efficiently into goods and services for profit maximization. It is the administration of business principles in creating the highest level of efficiency within an organization.

Efficient and productive operation drives the economic well being of nations, Operations management is responsible for much of the value created by organizations and a key source of competitive differentiation among firms, are reasons why operation management is important.

7 0
2 years ago
An economist would say food stamps, Medicaid, and rent vouchers are ---41---​
Minchanka [31]

Answer:

Dr. Neil would be very disappointed in you.

Explanation:

He just would.

8 0
3 years ago
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