Answer:
$17,440
Explanation:
Given that,
Outstanding checks in June Bank Reconciliation = $5,540
Checks issued during July = $40,300
Checks cleared in July = $28,400
Amount of outstanding checks:
= Outstanding checks in June Bank Reconciliation + Checks issued during July - Checks cleared in July
= $5,540 + $40,300 - $28,400
= $17,440
Therefore, the amount of outstanding checks on McKeel's July bank reconciliation should be $17,440.
It's true that when it comes to managing a corporation, the corporation relies on its board of directors and officers.
<h3>What defines corporation ?</h3>
An organization called a corporation is one whose shareholders choose a board of directors to manage its operations. The corporation, not the shareholders, is responsible for the operations and financial health of the company.
<h3>What is a corporation in business?</h3>
A corporation, also referred to as a C corp, is a separate legal entity from its owners. Corporations are able to generate revenue, pay taxes, and face legal consequences. The strongest protection against personal liability is provided to owners by corporations, although forming a corporation is more expensive than creating other types of entities.
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<u>Business Management and Administration</u>: general manager and executive secretary
<u>Finance</u>: accountant, loan officer
<u>Marketing, sales, and service</u>: survey researcher and purchasing agent
<u>Transportation, distribution, and Logistics</u>: storage and distribution manager and cargo and freight attendant
Answer:
$21.42
Explanation:
The computation of fixed component in the predetermined overhead rate is shown below:-
Fixed component in the predetermined overhead rate = Fixed Overhead ÷ Machine Hours
= $87,822 ÷ 4,100
= $21.42
Therefore for computing the fixed component in the predetermined overhead rate we simply divide the fixed overhead by machine hours.
And all the other information i.e given is not relevant. Hence, ignored it
Liability to Desean for non performance of the contract may be imposed on BERRY AND CUISINE CATERING.
Berry is required by the law to perform the duties in the contract agreement, failure to do this will creates liability for Berry and in that case, both Berry and Cuisine catering will be liable, because Berry had said that she is working on behalf of Cusine catering, thus, Cusine catering is already a part of the contract.
