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babunello [35]
3 years ago
8

Owen Company's unadjusted book balance at June 30 is $9,120. The company's bank statement reveals bank service charges of $50. T

wo credit memos are included in the bank statement: one for $940, which represents a collection that the bank made for Owen, and one for $60, which represents the amount of interest that Owen had earned on its interest-bearing account in June.
Required:
a. What is the true cash balance?
Business
1 answer:
Gala2k [10]3 years ago
3 0

Answer:

$10,070

Explanation:

The true cash balance is the balance having considered the effect of the transactions that have happened but are yet to be captured in the books.

Reviewing the transactions,

  • bank service charges of $50 - This will be deducted from the book balance
  • Two credit memos are included in the bank statement: one for $940, which represents a collection that the bank made for Owen, and one for $60, which represents the amount of interest that Owen had earned on its interest-bearing account in June - Both will be added to the book balance

Hence the true cash balance

= $9,120 - $50 + $940 + $60

= $10,070

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3 years ago
Describe how surveillance of our telephones has changed over the years. explain what is different about how silicon valley compa
katrin2010 [14]

Answer:

All communication way back used to be wiretapped, but now companies have been able to encrypt their data for protection of their information against wiretapping.

Companies like silicon valley has taken the bold step in securing their data from been hacked.

The back door is risky because if a person or people exposes their information to others, their information will be at risk because of hackers who might exploit their privacy or sensitive documents.

Finally, the idea of devices to be wiretapped is not a good idea, because most people want heir privacy, for this it is termed illegal to access one's privacy without the authorization from the person.

Explanation:

Solution

Before now all communication used to be wiretapped. presently, companies are encrypting data , for the purpose of this data to not be easily wiretapped.

Silicon valley companies have secured their devices through encryption unlike other companies. what this implies is that it will be tough for police to arrest criminals, but the normal or average people will have capacity to communicate or interact much better.

The back door method is risky because, presently in today's world there are people that are specialist in hacking, so if no backdoor exist, then there will be no room for anyone to hack into someone's phone.

It is considered a risk if your phone is exposed to others to easily access your private information.

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6 0
3 years ago
for firms that adopt innovation as a core component of their strategy, price, not product performance, is the major selling feat
Delvig [45]

Price, not product performance, is the primary selling point for businesses who adopt innovation as a central component of their strategy, this is an untrue statement.

There is a misconception that the closed innovation paradigm underlies innovation produced by firms themselves. This innovation takes place wholly within the businesses, from idea generation through idea development, and is clearly specified within the boundaries of the businesses. To successfully implement closed innovation in a company, a number of criteria must be taken into account. Employee needs in closed innovation are particularly high, and the company intends to expand its pool of qualified personnel. The business must also safeguard its intellectual property.

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7 0
2 years ago
4. List two methods of eliminating excess surface fat on food after frying.
FromTheMoon [43]

Hi,

Below are two methods of removing excess fat from food after frying:

Bread topping:

Place a layer of bread pieces over the whole surface of dish in which fried food is to be transferred. Let the food stay there for few minutes. After this time, discard the bread pieces and the food will have minimum surface fats. This is because bread pieces soak up the fats and oils from the food surface.

Dish cooling:

Another method of eliminating fats is to cool down the food you have fried in fridge for some time. When the food will be cooled the layer of fats and oils will be deposited over food in solid form. After removing from the fridge you can remove the solid layer with some tool like spoon back and the again reheat. This process is a little time consuming but a great way to eliminate extra fats from food.

Hope it help!

5 0
3 years ago
Read 2 more answers
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