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Rudiy27
3 years ago
8

The following information is available for Trinkle Company for the month of June: The unadjusted balance per the bank statement

on June 30 was $56,084. Deposits in transit on June 30 were $2,655. A debit memo was included with the bank statement for a service charge of $22. A $4,418 check written in June had not been paid by the bank. The bank statement included a $800 credit memo for the collection of a note. The principal of the note was $775, and the interest collected amounted to $25. Required Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)
Business
1 answer:
Ymorist [56]3 years ago
5 0

Answer:

$54,321

Explanation:

Prepare a Bank Reconciliation statement to determine the true cash balance as of June 30.

Bank Reconciliation statement as at June 30

Balance as per Bank Statement             $56,084

Add Outstanding Lodgments                   $2,655

Less Unpresented Checks                       ($4,418)

Balance as per Cash Book                      $54,321

Conclusion

The true cash balance as of June 30 is  $54,321.

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Answer: The product life cycle of a unique marketing can be characterized by introduction, growth, maturity and decline.

Explanation:

The product life cycle of a unique marketing can be characterized by introduction, growth, maturity and decline.

Introduction; This is viewed as an entry level into the market. Where the goods begin to gain a little recognition

Growth; this is described as a movement from introduction to a fast or slow consistent rapid growth of the product in the market.

Maturity; is described as the growth from the growth category, where the product gain some market stability and is now known by the public.

Decline; is the stage of slow and loss of recognition in the market space which could be caused by lack of creativity or consistency drop

While some products may stay in a prolonged maturity state, all products eventually phase out of the market due to several factors including saturation, increased competition, decreased demand and dropping sales

5 0
3 years ago
The december 31, 2015, balance sheet of maria's tennis shop, inc., showed current assets of $1,145 and current liabilities of $9
Vitek1552 [10]

Net working capital is the difference between the Total Current Assets and Total Current Liabilities.

The December 31, 2015, balance sheet of Maria's tennis shop, inc., showed current assets of $1,145 and current liabilities of $935.

Hence, Net working capital as on December 31, 2015 shall be (1145-935) = $210


The December 31, 2016, balance sheet showed current assets of $1,360 and current liabilities of $1,035.

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7 0
3 years ago
A company has beginning inventory for the year of $10,500. During the year, the company purchases inventory for $160,000 and end
djverab [1.8K]

Answer:

The correct answer is $147,500.

Explanation:

According to the scenario, the given data are as follows:

Beginning inventory = $10,500

Purchase inventory = $160,000

Ending inventory = $23,000

So, we can calculate the cost of goods sold by using following method:

Cost of goods sold = Beginning inventory + Purchase inventory - Ending Inventory

By putting the value, we get,

Cost of goods sold = $10,500 + $160,000 - $23,000

= $147,500

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4 years ago
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Answer:

True

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1. how quickly should the change proceed

2. in what order should changes take place,

3. whether to start at a new site, and

4. whether the proposed systems are stable and coherent. But the disadvantages of the Matrix is that it is limited in size.

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3 years ago
An investment has the option of daily compounding, monthly compounding, or annual compounding. The present value of this investm
Readme [11.4K]

Answer:

True

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