Answer:
The reconciled balance is:
Explanation:
Cash 8900,15
Books
Cash receipts pending on bank -9821,55
Checks written 7986,05
Checks written not recorded -49,55
Banks
Bank service fee -48,1
Interest earned 33,1
Bank conciliation 7000,1
Bank account 7000,1
Answer:
Fixed costs= $300,000
Explanation:
Giving the following information:
Selling price per unit= $20
Variable expenses= $14
Break-even point in units= 50,000
<u>To calculate the fixed costs, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
50,000= fixed costs / (20 - 14)
50,000*6= fixed costs
Fixed costs= $300,000
Answer:
The answer is B.
Explanation:
The first is the journal. A journal entry may be a summary of the debits and credits of the transaction entry to the journal.
Followed by a ledger which may be a book containing accounts during which the classified and summarized information from the journals is posted as debits and credits.
Trial balance which is that the listing of all accounts (asset, liability, equity, revenue, expense) with the ending account balance or or its a report that lists the balances of all book accounts of a corporation at a specific point in time.
And lastly the financial statements. they're written records of a business's financial situation
Answer:
$ 1,781.53
Explanation:
The future value of the 5-year CD can be determined by using the future value formula stated below:
FV=PV*(1+r)^n
FV is the future value which is expected future amount after 5 years
PV is the initial amount used in purchasing the CD i.e $1500
r is the rate of return on the CD on an annual basis which is 3.5%
n is the number of years the investment would last which is 5 years
FV=$1500*(1+3.5%)^5
FV=$1500*1.187686306
FV=$ 1,781.53
