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Alecsey [184]
3 years ago
15

Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted

cash balance per books on May 31.
Cash balance per books, May 31 $3,457
Deposits in transit 131
Notes receivable and interest collected by bank 853
Bank charge for check printing 47
Outstanding checks 1,567
NSF check 180
a. $3,816.
b. $2,730.
c. $1,195.
d. $1,979.
Business
1 answer:
SashulF [63]3 years ago
6 0

Answer:

$4,083

Explanation:

Preparation of the Adjusted Cash Balance per Books on May 31

Adjusted Cash Balance per Books on May 31

Cash Balance per Books on May 31 $3,457

Add Notes Receivable and Interest Collected by Bank $853

Less Bank Charge for Check Printing ($47)

Less NSF Check ($180)

Adjusted Cash Balance per Books on May 31 $4,083

Therefore the Adjusted Cash Balance per Books on May 31 will be $4,083

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3 years ago
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Nikitich [7]

Answer:

Receivable turnover ratio = 8.1 times

Account receivable days = 44.9 days

Explanation:

<em>Th account receivable days is the  average length of time it takes a business to collect amount due on  account from customers</em>

A<em>ccount receivable ratio = Net sales /Average account receivable</em>

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3 0
3 years ago
what is the producers surplus when barylia engages in trade and the government imposes a tariff of $1
ivolga24 [154]

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The Producer surplus before the tariff was <em>G</em> because they were forced to sell at the global price. With the imposition of the tariff, the price went to $4 or rather P2. This then increased Producer Surplus to include area <em>F </em>as well.

The total Producer Surplus is therefore, <em>F + G.</em>

This is a triangle so it will be solved for the area by the formula;

= \frac{1}{2} * base * height

= \frac{1}{2} * 20 * ( 4 -2)

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