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Ede4ka [16]
2 years ago
5

In preparing its bank reconciliation for the month of April 2018, Coronado, Inc. has available the following information. Balanc

e per bank statement, 4/30/18 $78800 NSF check returned with 4/30/18 bank statement 950 Deposits in transit, 4/30/18 9300 Outstanding checks, 4/30/18 10300 Bank service charges for April 40 What should be the adjusted cash balance at April 30, 2018
Business
1 answer:
hoa [83]2 years ago
4 0

Answer:

the adjusted cash balance as on April 30,2018 is $77,800

Explanation:

The computation of the adjusted cash balance as on April 30,2018 is as follows;

= Balance as per bank statement + deposit in transit - outstanding checks

= $78,800 + $9,300 - $10,300

= $77,800

Hence, the  adjusted cash balance as on April 30,2018 is $77,800

We simply applied the above formula so that the accurate value could arrive

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The net income reported on the income statement for the current year was $240,000. Depreciation was $52,000. Accounts receivable
Tpy6a [65]

Answer:

$325,500

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $240,000

Adjustment made:

Add : Depreciation expense $52,000

Add: Decrease in accounts receivable $5,000

Add: Decrease in inventory $15,000

Add: Increase in accounts payable $14,000

Less: Increase in prepaid expenses -$500

Total of Adjustments $85,500

Net Cash flow from Operating activities               $325,500

This is the answer and the same is not provided in the given options

4 0
3 years ago
A defense contractor has been able to summarize its total annual fixed costs as $100,000 and the total variable cost per unit of
Zielflug [23.3K]

Answer: $66.25

Explanation:

What should the per unit selling price be to make a 25% profit this year?

First, we'll calculate the total cost which will be:

= $100,000 + $5000(33)

= $100,000 + $165,000

= $265000

%profit = 100(revenue - cost)/ cost

25% = 100(revenue - 265000)/265000

Therefore, revenue will be:

265000(1 + 25%) = 331250

265000(1.25) = 331250

Revenue = $331250

Selling price per unit will be:

= $331250/5000

= $66.25/unit

7 0
3 years ago
Which of the following forms of communication has the most impact during your interview? a. Nonverbal b. Verbal c. Voice quality
Alex
Being verbal during an interview is a important thing <span />
8 0
3 years ago
Read 2 more answers
Paid vacations and sick leave are
Talja [164]

Answer:

Endless supply of business, the business must pay the representative for unused paid downtime, including get-away, wiped out leave, and individual days. The government Family and Medical Leave Act enables qualified workers to take as long as 12 weeks of unpaid leave in specific situations.

7 0
3 years ago
Read 2 more answers
How can economies of scale benefit you as a customer and society as a whole? Can the taxicab industry, in large cities, be subje
LiRa [457]

Answer:

The answer to this question can be described as follows:

Explanation:

The economy scale with cost activity and total volumes of sales, which lowers the overall product prices as a result, and grows all economies of scale, because consumers purchase the stuff like those, who pay even less than the amount they expect to receive.  

It is the transition, the same saved money it's spent on other commodities and the overall deficit as well as the actual boosting of financial social assistance that generates income as a whole. It also increases outlays and creates more jobs, and benefits people with higher median income levels and a decent standard of living, For example  

Uber often encourages ride-sharing, in which the car is capable of serving 3-4 people simultaneously. This gives a win-win situation to all sides and generates economies of scale. Throughout the market like India, Uber already is introducing it and being extremely successful.

3 0
3 years ago
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