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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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GarryVolchara [31]

Answer:

okay I will :) if I do can I get brainliest?

8 0
4 years ago
Read 2 more answers
Did the realist theory develope in reaction to idealism
yaroslaw [1]
The answer is TRUE
 
Realism and idealism are divergent <span>schools of thought in international relations </span><span>theory. </span>The development of modern realist theory was as a reaction<span> to a liberal tradition that was labelled by the realists as idealism. Although the idealist themselves do not consider</span><span> their approach as unrealistic, the realists think it is.</span>
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3 years ago
hailey corporation pays a constant $13.50 dividend on its stock. the company will maintain this dividend for the next 8 years an
Elena-2011 [213]

The current share price is approximately $69.47

<h3>What is the Share price?</h3>
  • The cost of one share of a group of marketable equity shares of a firm is known as the share price.
  • Simply put, the stock price is either the lowest possible price or the maximum price someone is ready to pay for the stock.
  • Analysts estimate the behavior of asset prices, especially share prices in stock markets, using random walk approaches in economics and financial theory.
  • The share price method is predicated on the idea that investors behave logically and impartially and constantly appraise the value of an asset based on expectations for the future.
  • In such a scenario, the price is influenced by all available information and is only subject to alteration in response to the release of new information.

Share price = $13.5 × Present value of annuity factor(11%,8)

Share price =$13.5 × 5.146122761

Share price =$69.47(Approx).

Hence, the current share price is approximately $69.47

To learn more about Share price from the given link

brainly.com/question/28546868

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5 0
1 year ago
Suppose the economy is in long-run equilibrium. In a short span of time, there is a sharp rise in the stock market, an increase
Snowcat [4.5K]

Answer:

All of the above are possible.

Explanation:

Discussions here center on equilibrium of an economy in a long run, and here after the government activities, their is a decline in dollar value; therefore in the short run, the price level and real GDP will both rise in as much as the price level and real GDP will also both fall. It is also gathered that neither the price leave nor real GDP will change.

The transition from the short run to the long run may be done by considering some short run equilibrium that is also a long run equilibrium as to supply and demand, then comparing that state against a new short run and long run equilibrium state from a change that disturbs equilibrium, say in the sales tax rate, tracing out the short run adjustment first, then the long run adjustment.

8 0
3 years ago
In the study conducted by thomas &amp; chess in 1980 categorizing attachment, what percentage of babies were roughly categorized
belka [17]

40%

An easy baby and a tough baby vary primarily in that the former has more periodic bodily processes and more positive responses to stimuli, whilst the latter has fewer normal body processes and more negative responses.

Every parent wishes their children were simple. Parents with challenging infants may harbour envy for those of peaceful infants. However, studies suggest that having kids with a challenging temperament is not always a bad thing. This article will define temperament, examine the three varieties of temperament, and instruct you on how to handle a challenging infant.

Each kid is unique from birth despite since they are reared in the same home, as parents of several children are already aware. New-borns display various ways of responding to their surroundings right away.

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5 0
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