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Rudiy27
2 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]2 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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Variable costs of production $50 per unit Variable costs of sales and administration $25 per unit Fixed costs of production $100
malfutka [58]

Answer:

Number of units to be produced and sold= 7,000 units

Explanation:

Giving the following information:

Variable costs of production $50 per unit

Variable costs of sales and administration $25 per unit

Fixed costs of production $100,000 per year

Fixed costs of sales and administration $50,000 per year

Selling price= $100 per unit

Desired profit= $25,000

To calculate the number of units to be produced and sold, we need to use the break-even point formula:

Break-even point in units= (fixed costs + desired profit)/ contribution margin per unit

Fixed costs= (100,000 + 50,000)= 150,000

Unitary variable cost= (50 + 25)= $75

Break-even point in units= (150,000 + 25,000) / (100 - 75)

Break-even point in units= 7,000 units

7 0
3 years ago
Which product is an example of a consumer good?
Amanda [17]

The correct alternative is the letter D. Gallon of milk to use in a bowl of cereal, this being the product that is an example of a consumer good.

<h3 /><h3>What is a consumer good?</h3>

Corresponds to a product used by the final consumer, that is, individuals or families for the immediate satisfaction of a need, such as food, personal hygiene and cleaning products.

Therefore, an individual's income will always have a part destined for consumer goods, which are essential for their health and quality of life.

Find out more about consumer good here:

brainly.com/question/19342635

#SPJ1

8 0
1 year ago
The YTM on a 2 year zero coupon bond is 5% and the YTM on a 1 year zero coupon bond is 3%. What does the no-arbitrage condition
tresset_1 [31]

Answer:

<em>$111.11 or 111.11% of face value</em>

Explanation:

Assuming the face value of $100 for all bonds (without loss of generality)

If the two year coupon bond is repackaged as a one year zero coupon bond paying $12 after one year and another two year bond paying $112 after 2 years, the price of the two zero coupon bonds are given as

Price of one year Zero coupon bond = 12/1.05 = $11.43 (one year ZCB has YTM of 5%)

Price of two year Zero coupon bond = 112/1.06^2 = $99.68 (two year ZCB has YTM of 6%)

So, one can sell the repackaged bonds at a price = $11.43+ $99.68 = $111.11 or 111.11% of face value

7 0
3 years ago
After you open your new business is not the best time to
Reptile [31]
After you open your new business is not the best time to conduct research on your product.
During this time, it's best for you to allocate your resources to make improvement to your products and build a loyal consumer base

hope this helps
7 0
3 years ago
Read 2 more answers
Why does a savings account make a better investment than a checking account?
Ksivusya [100]
A savings account makes a better investment because the person receives more interest from the bank than a checking account.
6 0
3 years ago
Read 2 more answers
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