1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
suter [353]
3 years ago
12

The following data were gathered to use in reconciling the bank account of Photo Op. Company: Balance per bank $ 14,400 Balance

per company records 12,005 Bank service charges 65 Deposit in transit 2,120 NSF check 780 Outstanding checks 5,360
What is the adjusted balance on the bank reconciliation?
Business
1 answer:
givi [52]3 years ago
8 0

Answer:

$11,160

Explanation:

The computation of the adjusted balance on the bank reconciliation is shown below:

For Bank balance

= Balance per bank + Deposit in transit - Outstanding checks

= $14,400 +$2,120 - $5,360

= $11,160

For book balance:

= Balance per company records - NSF checks - Bank service charges

= $12,005 - $780 - $65

= $11,160

You might be interested in
How long is boot camp for a fire fighting candidate
Trava [24]
After a 12-week program of intense classroom and physical training (hands on), it will follow along with a 21-day Boot camp.


Hope this helped!
3 0
3 years ago
Changes in inventories are included as part of investment spending because multiple choice 1 anything produced by a business tha
Nataly_w [17]

Answer:

A)Changes in inventories are included as part of investment spending because anything produced by a business that has Anything produced by a business that has not been sold during the accounting period is something in which the business has invested

B)If inventories declined by $1 billion during 2012, then $1 billion would be subtracted from both gross private domestic investment and gross domestic product.

Explanation:

A) All inventories that Businesses could have is expected to be utilized by the business. Example of this is that Iron sheet that a business could use in making new Factory building or a pack of toiletries in the shelf in supermarket are both asset as regards to the business and they are things that are been invested by the business.

B)Declination in inventories symbolize that produced goods in previous years has been used up in production of current year. In the case that that the stated $1 billion is not deducted, then there would be need to count the produced goods that was produced in previous year as been produced in 2022

3 0
2 years ago
Penningtons Superstore, which specializes in plus-size fashions for women, wanted to see if it should add a line of plus-size ju
Julli [10]

Answer: (C) Collect relevant information    

Explanation:

According to the given question, the Pennington superstore is one of the women fashion store which is specialized in the Plus- size and based on the given statement it basically reflect the relevant information marketing research process.

The process of collecting the relevant information about the specific topic helps in analyzing the necessary data about the company on the basis of the customer requirement.

According to the given question, the process of reflecting about the relevant marketing research information is to collect the relevant data or information on the specific concept.

Therefore, Option (C) is correct answer.    

4 0
2 years ago
Brian quit his job because he only wants to work on weekdays. Brian could be considered cyclically unemployed. frictionally unem
Elza [17]

Option B

Brian could be considered  frictionally unemployed.

<h3><u>Explanation:</u></h3>

Workers dropping their jobs or fresh workers enrolling the workforce both append to frictional unemployment. Frictional unemployment usually transpires even in a developing, solid economy. The frictional unemployment rate is determined by dealing with the workers actively seeing jobs by the total labor force.

Frictional unemployment is advantageous to an economy since it's a sign that individuals are attempting more desirable states. Frictional unemployment can be conquered by suddenly rivaling proposed job seekers with job opportunities. Frictional unemployment isn't devastating to economics.

7 0
3 years ago
What is the payback period for a project with an initial investment of $180000 that provides an annual cash inflow of $40000 for
Ahat [919]

Answer:

Option b: 5.2 Years

Explanation:

Payback period is defined as the amount of time it takes for cash returns or cash inflows of a project to recover the initial investment required for the project.  

Payback period is estimated using the cumulative cashflows. Beginning from the initial investment, deduct annual cash flows of each successive year until the cumulative cashflow turn positive.  

        Cashflow Cumulative Cashflow

Year 0 ($180,000) ($180,000)

Year 1 $40,000  ($140,000)

Year 2 $40,000  ($100,000)

Year 3 $40,000  ($60,000)

Year 4 $25,000  ($35,000)

Year 5 $25,000  ($10,000)

Year 6 $50,000  $40,000  

Year 7 $50,000  $90,000  

Year 8 $50,000  $140,000  

*Figures in brackets show negative cashflows

From the table above, it can be observed that the cumulative cashflow turn positive after year 5, which means that the payback period for the project will be somewhere between year 5 and year 6. Therefore, assuming a constant rate of cash inflows during the year, payback period for the project can be computed as  

Payback period = 5 Years + (10,000/50,000)  Years

Payback Period = 5.2 Years

7 0
3 years ago
Other questions:
  • A firm considers to buy a machine in 2020. The cost of that machine is $ 5 000 000. The firm uses 5 year straight line depreciat
    12·1 answer
  • Gains or losses on cash flow hedges are Group of answer choices ignored completely. recorded in equity, as part of other compreh
    13·1 answer
  • Researchers have discovered that "cyber-ostracism" by strangers elicits increased activity in the
    14·1 answer
  • The philosophy of producing a high-quality product or service and achieving quality in every aspect of the business and its rela
    12·1 answer
  • A calendar-year corporation has positive current E&amp;P of $500 and accumulatednegative E&amp;P of $1,200. The corporation make
    13·1 answer
  • What are the benefits of voip​
    5·1 answer
  • Marginal cost is defined as:________.
    12·1 answer
  • Department and shift teams in many hospitals have brief stand-up daily huddles during which team members share information and e
    6·1 answer
  • Copyright law contains an exception known as ______, which provides for a limited set of circumstances where others can use port
    9·1 answer
  • Suzette is leasing a condo from the Garcias. She has been renting the condo for over three years. She renews the lease each year
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!