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antiseptic1488 [7]
3 years ago
7

"Bourne Incorporated reports a cash balance at the end of the month of $2,620. A comparison of the company's cash records with t

he monthly bank statement reveals several additional cash transactions: bank service fees ($85), an NSF check from a customer ($350), a customer’s note receivable collected by the bank ($1,000), and interest earned ($35)."Required:
Calculate the reconciled company balance for cash.
Business
1 answer:
UNO [17]3 years ago
8 0

Answer:

$3,220

Explanation:

reconciled cash balance = cash balance - bank service fees - NSF customer's check + note receivable collected by bank + interest earned

reconciled cash balance = $2,620 - $85 - $350 + $1,000 + $35 = $3,220

NSF checks drawn by customers should be subtracted because the company assumed that they were good checks so they increased cash account, but they bounced so no cash was collected.

Sometimes banks can collected notes receivables in the name of their clients (a previous agreement must be signed), and they increase the company's cash balance.

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Royal Dutch Shell(RDS) acquires ethanol fuel from Brazilian Cosan energy company. The Ethanol costs 500 million Brazilian Real(B
Fudgin [204]

Answer:

The answer is 5000 future contracts

Explanation:

Solution

Given that:

Royal Dutch buys ethanol fuel from Brazilian energy company

Nowm,

The Required coverage = 500,000,000

The BRL/USD futures contract size = 100,000

Number of contracts required = 500,000,000/100,000

So,

= 500,000,000/100,000  = 5000

Therefore, the optimal number of BRL/USD futures contracts for Shell to take to receive the entire amount of Real at delivery is 5000

3 0
3 years ago
PLEASE ANSWER QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Vladimir79 [104]
Answer : rent to own business !

shes paying for her to own it but still gets to take it home
5 0
3 years ago
Suppose that a recent purchase of a residential home has been facilitated equally by a listing agent and a buyer broker. Based o
alexgriva [62]

Answer:

The correct answer is

D) both the listing broker and the buyer broker

good luck ❤

8 0
3 years ago
In 2016, David Hay started his own business, Hays Gardening and Landscapes. David was previously an employer of another business
Vitek1552 [10]

Answer: B. Loss of earnings from employment

Explanation:

The opportunity cost of choosing a course of action is the returns that you would have earned from choosing the next best action.

David was employed and yet decided to quit that job and start a business. The next best thing he could have been doing was working which means that the opportunity cost was the returns from working which was his salary.

In deciding to open up his own businesses, he had to forego the opportunity costs which meant that he lost the earnings from that his employment.

5 0
3 years ago
When Starbucks first opened, many critics suggested, "No one will pay $4 for a cup of coffee." Starbucks's critics suggested con
Anna [14]

<u>Full question:</u>

When Starbucks first opened, many critics suggested, "No one will pay $4 for a cup of coffee." Starbucks's critics suggested consumers would not be __________ to the company's offerings.

a. responsive

b. perceptive

c. identifiable

d. reachable

e. quantifiable

<u>Answer:</u>

Starbucks's critics suggested consumers would not be responsive  to the company's offerings.

<u>Explanation:</u>

Marketing is all concerning providing the requirements and needs of purchasers. Consumers have supplies and are prepared to contribute to meeting their requirements by acquiring goods and services. The benefit of products offered in the markets depends on whether they satisfy consumer or company needs.

Consumers’ choices on whether to acquire or not to acquire will be a sign of the production of the goods in the market. A portion is responsive if its members behave likewise and confidently to the purchasing mix. Initial critics did not gather that purchasers would acknowledge confidently to the proposal of a $4 cup of coffee.

4 0
3 years ago
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