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Brilliant_brown [7]
3 years ago
14

Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank stat

ement shows $29,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 3,650 Outstanding checks 1,431 Additionally, a $49 check correctly written and recorded by the company was recorded by the bank as a $94 deduction. The adjusted cash balance per the bank records should be: Multiple Choice $31,580 $31,535 $34,487 $31,625 $24,325
Business
1 answer:
fredd [130]3 years ago
6 0

Answer: $31,625

Explanation:

To find out the adjusted cash balance per the bank records we will do the following,

First we'll add the deposits in transfer as the bank account already has those,

= 29,361 + 3,650

= $33,011

The bank incorrectly increased a check issued to $94 from $49 so we add the difference to above amount

= 33,011 + (94 - 49)

= $33,056

Then finally we subtract the outstanding checks.

= 33,056 - 1,431

= $31,625

The adjusted cash balance per the bank records should be $31,625.

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The quantity theory of money is a theory of how A) the money supply is determined. B) interest rates are determined. C) the nomi
meriva

Answer:

C) the nominal value of aggregate income is determined

Explanation:

The quantity theory of money states that nominal aggregate income is determined by money supply. It is assumed that money velocity is constant in the short run and so would not impact nominal aggregate income.

The quantity theory of money is obtained from the equation of exchange which is:

(Money supply × velocity ) = (price × agregrate output)

Dividing both sides by velocity gives,

Money supply = (1/velocity) × ( price × agregrate output)

It is assumed velocity is constant, therefore,

Money supply = k × (price × agregrate output)

I hope my answer helps.

All the best

5 0
3 years ago
Which of these is an example of "serving the bottom of the pyramid"? a. Car-a-Go-Go Inc. is an MNC that specializes in luxury ca
inysia [295]

Answer:

Option B is Correct.

Explanation:

Serving the bottom of the pyramid means carrying in goods that are inexpensive by that class of the budget where individuals cannot afford luxuries like several advanced countries. They cannot afford high charges and would exploration for something affordable. Among the given examples Radical computer corp. which definite to build reasonable computers and install wireless arrangement to assist the humblest in getting these amenities which they generally cannot afford serves as an example of attending the bottom of the pyramid. Hence the answer is B

4 0
3 years ago
How long should an electronic cover letter be?
Delicious77 [7]
<span>Approximately 150 words.</span>
3 0
3 years ago
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A fast-food restaurant featuring hamburgers is adding salads to the menu The price to the customer will be the same Fixed costs
Colt1911 [192]

Answer:

$19200

Explanation:

This breakeven point can be calculated as under:

Breakeven Quantity = (Fixed Cost - Additional F. Cost) / (Selling Price - Variable Cost per unit)

Here

Fixed cost = $12,000

Variable Cost = $1.5 per unit

Selling Price = $2 per unit

Additional Fixed Cost = $2,400

By putting Values:

Breakeven Quantity = ($12,000 - $2,400) / ($2 - $1.5)

Breakeven Point = 19,200

7 0
3 years ago
Hannah Township has a General Fund, two Capital Projects Funds, one Permanent Fund, two Enterprise Funds, two Internal Service F
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Answer:

c. Four (4)

Explanation:

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