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Helen [10]
3 years ago
5

Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: Cash balance p

er bank, 10/31 $12,889 Note receivable collected by bank 4,765 Outstanding checks 10,446 Deposits in transit 4,214 Bank service charge 243 NSF check 1,187 Using the above information, determine the cash balance per books (before adjustments) for Thompson Corporation.
Business
1 answer:
den301095 [7]3 years ago
6 0

Answer:

The cash balance per book is $3322 (before adjustment)

Explanation:

Cash balance per bank = $12,889

Note receivable collected by bank = 4,765

Outstanding checks = 10,446 Deposits in transit = 4,214

Bank service charge = 243

NSF check = 1,187

To determine the cash balance per book:

Cash balance per bank - Note receivable collected by bank - Outstanding checks + Deposits in transit + Bank service charge + NSF check.

= $12,889 - 4,765 - 10,446 + 4,214 + 243 + 1,187

= $3322

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A limited liability company (LLC) will be taxed as a corporation unless it elects to be taxed as a partnership. True False
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Out of a list of the values 12, 7, 3, 5, 8, and 2, which result would the MIN function return?
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Suppose the economies of China and India have begun to slow down very rapidly. Based on this scenario
bazaltina [42]

Answer:

The correct answer is C

Explanation:

Economies means the state of the region or the country in relation to the consumption and the production of the services and the goods and also the supply of the money.

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6 0
3 years ago
A drag racer is speeding down the track at 150 m/s. At the finish line it deploys its parachute and applies the brakes to slow d
valentina_108 [34]

Answer:

Acceleration, a = 28m/s²

Explanation:

Given the following data;

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Acceleration, a = (v-u)/t

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8 0
3 years ago
recent monthly contribution format income statement: Sales$1,652,000 Variable expenses 628,880 Contribution margin 1,023,120 Fix
kati45 [8]

Answer:

Gatty Corporation

1. Segmented Income Statement for the most recent month

Division                                         East        Central       West       Total

Sales                                       $422,000 $650,000 $580,000  $1,652,000

Variable expenses                   227,880    169,000    232,000       628,880

Contribution margin               $194,120  $481,000  $348,000    $1,023,120

Traceable fixed expenses   $268,000 $320,000   $191,000         779,000

Common fixed expenses                                                                  346,000

Net operating income (loss) $(73,880)  $161,000   $157,000       $(101,880)

2. Assuming these estimates are accurate and implemented, the company's net operating loss of $101,880 will decrease by $69,600 to $32,280.

Explanation:

a) Data and Calculations:

GATTY Corporation

Recent monthly contribution format income statement:

Sales                                    $1,652,000

Variable expenses                  628,880

Contribution margin              1,023,120

Fixed expenses                     1,125,000

Net operating income (loss) $(101,880)

Segmented Income Statement for the most recent month

Division                                                             East           Central     West

Sales                                                            $422,000 $650,000 $580,000

Variable expenses as a percentage of sales     54%           26%          40%

Traceable fixed expenses                         $268,000 $320,000   $191,000

1. Segmented Income Statement for the most recent month

Division                                         East        Central       West       Total

Sales                                       $422,000 $650,000 $580,000  $1,652,000

Variable expenses                   227,880    169,000    232,000       628,880

Contribution margin               $194,120  $481,000  $348,000    $1,023,120

Traceable fixed expenses   $268,000 $320,000   $191,000         779,000

Common fixed expenses                                                                  346,000

Net operating income (loss) $(73,880)  $161,000   $157,000       $(101,880)

Segmented Income Statement for the most recent month

Division                                         East        Central       West       Total

Sales                                       $422,000 $650,000 $678,600   $1,750,600

Variable expenses                   227,880    169,000    232,000       628,880

Contribution margin               $194,120  $481,000  $446,600     $1,121,720

Traceable fixed expenses   $268,000 $320,000  $220,000       808,000

Common fixed expenses                                                                 346,000

Net operating income (loss) $(73,880)   $161,000 $226,600      $(32,280)

$(101,880)

$(32,280)

$69,600

4 0
3 years ago
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