A work that is created in small scale can communicate _________

The checkbook balance of Lester Co. was $922.55. The bank statement revealed a balance of $3,881.14. The bank statement showed i

storchak [24]

Answer:

The reconciled balance is 7,294.14

Explanation:

bank statement 3,881.14

deposit in transit 9,555.88

oustanding check<u> (6,142.88) </u>

bank statment 7.294,14

From the bank accout we deduct the outstanding check and increase by the deposit in transit.

accounting 922.55

interst 77

service charge (38.22)

note collected 6,815.00

check <u> (482. 19) </u>

accounting 7.294,14‬

From the accounting we adjust for the transaciton which aren't know by the company:

the interest and service charge, the note colected and we also adjsut for mistake like the check not deducted.

in both we must reach the same final answer.

4 0

2 years ago

Wildhorse Co. uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:

OLEGan [10]

Answer:

Ending inventory= $1514

Explanation:

Giving the following information:

Beginning inventory: 320u*$5.00= $1600

Purchase, (1/15/2017)= 160u*5.70= $912

Purchase, (1/28/2017)= 160u*5.90= $944

Ending inventory= 260u

The company uses FIFO (first in, first out).

What is the value of ending inventory?

Ending inventory= 160u*5.90 + 100u*5.70= $1514

6 0

2 years ago

Jeremy Westbrook owns an organic food company which has increased both its profits and revenues over an extended period of time.

valina [46]

People grow in different ways in their business. Jeremy's firm is experiencing Sustained growth.

Sustained growth often takes place when a state controls all monetary creation, set up a market-based exchange rate, and handles property rights.

For when a person experienced sustained growth for only a short timeframe, the increase in wealth inequality is likely to be greatest for the fast-growing economies.

The food company has increased steadily in its revenue without additional financial aid, and its growth is sustained.

Learn more from

brainly.com/question/24556402

3 0

2 years ago

Creative Sound Systems sold investments, land, and its own common stock for $39 million, $15.9 million, and $41.8 million, respe

Mnenie [13.5K]

Answer:

Creative Sound Systems should report $15,9 million as net cash flows from financing activities.

Explanation:

Consider only items relating to financing activities.

Cash flow from financing activities

Proceeds from Sale of common stock $41.8 million

Purchased of treasury stock ( $25.9 million)

Net Cash flow from Financing Activities $15,9 million

8 0

2 years ago

Read 2 more answers

Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjus

Usimov [2.4K]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Estimated:

Overhead $160,000

Direct labor hours 80,000

Han uses normal costing and applies overhead based on direct labor hours.

For January, direct labor hours were 8,150.

By the end of the year, Han showed the following actual amounts:

Overhead $166,000

Direct labor hours 79,600

Assume that the unadjusted Cost of Goods Sold for Han was $176,000.

1) Predetermined overhead rate= total estimated overhead for the period/ total amount of allocation base

Predetermined overhead rate=160000/80000= $2 per hour

2) Applied overhead (January)= Predetermined overhead rate*actual hours= 2*8150= $16,300

3) Applied overhead for the year= 2*79600= $159,200

Over/under applied= actual overhead - applied overhead= 166000 - 159200= 6800 underapplied

4) COGS= 176000

Underapplied overhead= 6800

COGS adjusted= $182,800

3 0

2 years ago

A work that is created in small scale can communicate __________ .