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Marta_Voda [28]
3 years ago
11

Rainey Company's true cash balance at October 31 is $4,700. The following information is available for the bank reconciliation:

Outstanding checks, $740 Deposits in transit, $540 Bank service charges, $110 The bank had collected an account receivable for Rainey Company, $1,200 The bank statement included an NSF check written by one of Ramsey's customers for $720. What was the unadjusted book balance at October 31
Business
1 answer:
Colt1911 [192]3 years ago
5 0

Answer: $4330

Explanation:

The unadjusted book balance at October 31 is calculated below:

True cash balance = $4700

Add: Bank service charge = $110

Add: NSF Check = $720

Less: Account receivable = $1200

Unadjusted book balance = $4330

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Explanation: I hope that helped.

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What are fixed assets?
IgorLugansk [536]

Explanation:

Fixed assets, also known as long-lived assets, tangible assets or property, plant and equipment, is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, described as liquid assets.

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3 years ago
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Monica has a Roth IRA to which she contributed $15,000. The IRA has a current value of $37,500. She is 54 years old and takes a
Korolek [52]

Answer:

$10,000

Explanation:

Monica has a Roth IRA in which she contributed $15,000

The IRA has a current value of $37,500

Monica is 54 years old

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Therefore, the amount of distribtion that will be taxable can be calculated as follows

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7 0
4 years ago
aylor & Edwards Inc. manufactures television sets. Last month, direct materials (electronic components, etc.) costing $550,0
fenix001 [56]

Answer:

Unitary prime cost= $170.24

Explanation:

Giving the following information:

Last month, direct materials (electronic components, etc.) costing $550,000 were put into production.

Direct labor= $880,000.

Manufacturing overhead equaled $495,000

The company manufactured 8,400 television sets during the month.

Unitary prime cost= (direct material + direct labor)/number of units

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7 0
4 years ago
If the economy's actual GDP is greater than its potential GDP, then there is high unemployment in that economy. Group of answer
DanielleElmas [232]

Answer:

FALSE

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REAL GDP: is a measure of the values of a country's products adjusted according to inflation.

POTENTIAL GDP is theoretical concept which is the value of what a country can produce at a constant inflation rate.

When REAL GDP IS GREATER THAN POTENTIAL GDP THE COUNTRY IS AT MORE THAN FULL EMPLOYMENT.

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3 years ago
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