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nikklg [1K]
3 years ago
5

At April 30, Marigold Corp. has the following bank information: Cash balance per bank $5400 Outstanding checks $330 Deposits in

transit $650 Credit memo for interest $10 Bank service charge $20 What is Marigold adjusted cash balance on April 30
Business
1 answer:
aivan3 [116]3 years ago
7 0

Answer:

$5,720

Explanation:

Calculation to determine What is Marigold adjusted cash balance on April 30

MARIGOLD CORP Adjusted cash balance on April 30

Cash balance per bank $5400

Less:Outstanding checks ($330)

Add: Deposit in transit $650

Adjusted cash balance. $5720

($5400-$330+$650)

Therefore Marigold adjusted cash balance on April 30 is $5,720

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Answer:

The correct answer is letter "A": True.

Explanation:

Contingency reserves are funds that companies save to face economic hardships. In some cases, those negative situations can be expected while in some other cases they cannot -such as acts of God. Contingency plans come along with the contingency reserve to have an idea of what the company is going to do with the funds.

3 0
3 years ago
Dean, the president of Billing & Credit Company, promises to pay his employee Ewing, who is dangerously obese, $10 for every
Aliun [14]

Answer:

See the explanation below.

Explanation:

The court likely to rule in favor of Ewing.

The reason is that the enough consideration that gives backing to a promise in this case is generally the waiver of a legal right to eat to obesity as requested by the other party.

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3 years ago
Match each stage in the policy process with its description.a. agenda settingmany different groups will come up with plans to fi
morpeh [17]
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4 0
3 years ago
Judy is a cash basis attorney. This year, she performed services in connection with the formation of a corporation and received
inn [45]

Answer:

Judy must recognize $4,000 of gross income from the stock for the current year.

True

Explanation:

When you receive stock in lieu of cash for payment for services rendered. you'll first owe income tax based on the value of the stock at that time.

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2 years ago
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Answer:

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Price Skimming is usually set for products that have short life-cycle

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3 years ago
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