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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

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butalik [34]

Answer:

The answer is "RECESSION"

Explanation:

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3 0
3 years ago
A firm has net working capital of $440, net fixed assets of $2,186, sales of $5,500, and current liabilities of $750. How many d
Goryan [66]

Answer:

c. $1.63

Explanation:

We have to calculate the asset turnover which is shown below:

Total asset turnover = (Sales revenue ÷ Total assets)

where,

Sales revenue = $5,500

The net working capital = Current assets - current liabilities

$440 = Current asset - $750

So, the current asset = $750 + $440

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And, the total asset equal to

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= $2,186 + $1,190

= $3,376

Now the total asset turnover equal to

= $5,500 ÷ $3,376

= 1.63

4 0
4 years ago
Employees who record and are paid for the exact of amount of time spent working are paid on a(n) _____ basis.
jonny [76]
An hourly basis.
 hope this helped!!
4 0
3 years ago
Read 2 more answers
able sold to both the low and high tech segments last year, and marketing predicts able will have the same market share next yea
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7 0
2 years ago
You are the supervising engineer in the construction of an offshore oil drilling platform that is fabricated by welding stainles
earnstyle [38]

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Explanation:

With the climate condition in the off shore oil drilling platform, it won't rake long for the fabricated steels to collapse and cause the loses of multiple lives and properties.

As an expert I will suggest we deconstruct the steels and use Austenitic stainless steel, because of its corrosion resistance.

We might as well sensitised the steels before use. Because the sensitisation occurs in the region that has seen temperature close to 600 and 900°C.

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3 0
3 years ago
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