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nadezda [96]
3 years ago
13

The following data was identified by Raines Corp. in preparation of its bank reconciliation on October 31, 2017:

Business
1 answer:
Elena-2011 [213]3 years ago
3 0

Answer:

the  adjusted cash balance on October 31, 2017 is $29,600

Explanation:

The computation of the  adjusted cash balance on October 31, 2017 is shown below:

Bank statement balance $30,700

Add: Deposits in transit $3,100

Less; Outstanding checks $4,200

Adjusted cash balance on October 31, 2017 $29,600

hence,  the  adjusted cash balance on October 31, 2017 is $29,600

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Nikitich [7]
Pretty sure the answer is a or b
6 0
3 years ago
The revenue for a firm is $2,500,000. its cost of revenue is $850,000, and its average inventory for the year is $62,000. (round
kicyunya [14]

The inventory turnover ratio is 13.71

The inventory turnover is a measure of the variety of instances inventory is sold or used in a time period which includes a year. it is calculated to look if a commercial enterprise has an immoderate stock in contrast to its income degree.

Inventory turnover is the charge that inventory is sold, used, and replaced. The stock turnover ratio is calculated by dividing the price of goods by way of the common inventory for the identical period. A better ratio tends to point to strong income and a lower one too vulnerable income. an awesome inventory turnover ratio is between 5 and 10 for maximum industries, which suggests that you sell and restock your inventory each 1-2 months. This ratio moves great stability among having sufficient stock reachable and no longer having to reorder too frequently.

Inventory turnover ratio

= cost of goods sold / average inventory

= $ 850,000/$62000

= 13.71

∴ The inventory turnover ratio is 13.71

Learn more about inventory turnover ratio here:-brainly.com/question/24039393

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7 0
1 year ago
A new pair of sneakers costs $70 now. what is the cost of the shoes 5 years from now if the price increases 8% per year?
DedPeter [7]

the cost of the shoes 5 years from now if the price increases 8% per year :- $103.

What is percentage?

A % in mathematics is a quantity or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the abbreviations "pct.", "pct.", and occasionally "pc" are also used, the percent sign, "%," is frequently used to indicate it. A % lacks dimensions and has no associated unit of measurement. %, which is a relative figure used to denote hundredths of any quantity. Since one percent (symbolized as 1%) is equal to one hundredth of something, 100 percent stands for everything, and 200 percent refers to twice the amount specified. percentage.

The provided value will be multiplied by 100 to determine the percentage. As an illustration, the supplied number is 0.55. In percentage terms, 0.55 * 100 equals 55%.

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brainly.com/question/28196353

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4 0
2 years ago
What is time utility and possession utility?
Pie

Answer: The four types of economic utility are form, time, place and possession. "Utility" in this context refers to the value, or usefulness, that a purchaser receives in return for exchanging his money for a company's goods or services.

4 0
3 years ago
Read 2 more answers
A work center uses kanban containers that hold 200 parts. To produce enough parts to fill a container, 60 minutes of setup plus
slamgirl [31]

Answer:

9 containers

Explanation:

Data given

Container holds (capacity) = 200 units

Demand rate per minute = 10 units

The computation of number of containers needed is shown below:-

Time to fill container = Setup time + Processing time

= 60 + 120

= 180 minutes

Number of containers (n) = (Demand × Time to fill container) ÷ Capacity of the container

= (10 × 180) ÷ 200

= 1,800 ÷ 200

= 9 containers

Therefore for computing the number of containers we simply applied the above formula.

5 0
3 years ago
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