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Advocard [28]
3 years ago
13

The beginning checkbook balance of Shelley Co. was $5,559.10. The bank statement showed a bank balance of $7,888.44. The bookkee

per of Shelley Co. noticed a $111.10 deposit in transit along with check numbers 90 and 97 for $499.88 and $1,256.45, respectively, as outstanding. The bank statement credited Shelley's account for $750.99 for a note collected. The bank statement revealed a check printing charge of $66.88. The reconciled balance is:
Business
1 answer:
amid [387]3 years ago
7 0

Answer:

$7,999.54

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.

These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

To correctly adjust the book balance, items recognized in the bank statement that are yet to be recorded in the books are done.

The adjusted balance

= $5,559.10 + $499.88 + $1,256.45 + $750.99 - $66.88

= $7,999.54

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Given the following financial statements for GM, the return on assets is ______ percent? (Write your answer as a percentage, rou
shutvik [7]

Answer: 2

Explanation: see attachment

8 0
3 years ago
Juan purchased a property for $420,000 and financed $336,000 of it. The assessed value of the property is $387,000. The property
liq [111]

When it comes to calculating property tax, the most relevant amount is the assessed value of <u>$387,000.</u>

When calculating property tax, the useful figures are:

  • The assessed value of the house
  • The Property tax rate

This assessment is arrived at in various ways but once it is arrived at, it is then multiplied by a figure known as the mill levy and the result will be the property tax.

In conclusion, the assessed value is most useful.

<em>Find out more at brainly.com/question/19643657. </em>

3 0
3 years ago
If, as a person consumes more and more of a good, each additional unit adds less satisfaction than the previous unit consumed, w
zalisa [80]

Answer:

The correct answer is option D.

Explanation:

The law of demand states that keeping other things constant there is an inverse relationship between quantity demanded and price.

According to the law of increasing marginal opportunity cost with each additional output the marginal opportunity cost to produce next unit of output increases.

While the law of supply states that keeping other things constant there is a direct relationship between price and quantity supplied.

According to the law of diminishing marginal utility, the marginal utility derived from the consumption of each additional unit of good keeps declining as more and more unit of goods is consumed.

So, option D is the correct answer.

8 0
3 years ago
A fruit grower estimates that if he harvests his crop of oranges now, he will get 100 pounds per tree, which he can sell for $.2
12345 [234]

Answer:

At 7.5 weeks will bethe best time

it will yield a profit of 30.63 per tree

Explanation:

we will construct the formula:

p = 0.25 -0.01w

q = 100 + 10w

Now, using SOLVER we can determinate the maximum profit point at 7.5 weeks

we construct these formula in excel, we stablish we can change only the "w" and it will look for the answer.

Now we can determinate the profit at this point:

P = 0.25 - 0.01 ( 7.5) = 0.175

Q =  100 x 10 (7.5) = 175

175 x 0.175 = 30.625 = 30.63

6 0
3 years ago
Which of the groups would be best to talk to when you are experiencing negative feelings?
Trava [24]
Trusted friends are the best option here
6 0
3 years ago
Read 2 more answers
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