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3 years ago

Select the items below which must be adjusted to the book balance: ________

Business

1 answer:

Alona [7]3 years ago

6 0

Answer:

b. Book Error

e. Interest earned on the Checking account

f. Collections of Accounts receivable by the bank.

Explanation:

Items which must be adjusted to the book balance as this question is concerned are Book Error, Interest earned on the Checking account & Collections of Accounts receivable by the bank.

These above items require adjustment in book balance to compute the adjusted book balance.

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Alliance Company budgets production of 35,000 units in January and 39,000 units in the February. Each finished unit requires 4 p

harkovskaia [24]

Answer:

$506,800

Explanation:

The calculation of budgeted materials cost is shown below:-

For computing the budgeted materials cost first we need to find out the total materials for production and materials to be purchased which is here below:-

Total materials for production = Budgeted production × Pounds of raw material per unit

= 35,000 × 4

= 140,000

Materials to be purchased = Total materials for production + Ending raw materials inventory - January 1 inventory

= 140,000 + (39,000 × 4 × 30%) - 42,000

= 140,000 + 46,800 - 42,000

= 186,800 - 42,000

= 144,800

Budgeted materials cost for January = Materials to be purchased × Cost per pound

= 144,800 × $3.50

= $506,800

6 0

3 years ago

Read 2 more answers

A firm has adopted a policy whereby it will not seek any additional external financing. Given this, what is the maximum growth r

VashaNatasha [74]

Answer:

The maximum growth rate to my calculations is 8.32%, since it is closer to option E), I´d choose E) 8.37%

Explanation:

Hi, in order to find the growth rate given all the info of the problem, we need to use the following formula.

$g=b*R$

Where:

g = growth rate

b=retention ratio

R = return on equity

Since R = Earnings / Equity, and our dividend payout ratio (equals to 1 - b)our fromula changes to:

$g=(1-Payout)*\frac{NetIncome}{Equity}$

So, everything should look like this:

$g=(1-0.25)*\frac{32,600}{294,000} =0.0832$

So, the growth rate is equal to 8.32% but this option is not available, therefore we´ll go for the closest one, that is E) 8.37%.

Best of luck.

7 0

3 years ago

Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund wa

Salsk061 [2.6K]

Answer:

c. A credit to Cash of $272.75.

Explanation:

These transactions can be explained with the help of T- Account .

<h2> Cash </h2><h3>Debit Credit </h3>

Bal $ 500

Freight $61

Shipping

Charges $ 85

Supplies $ 50

Donation $ 69

Suspense 7.75

Fund $ 227.25

Fund $ 227.25

Reimbursement  $272.75

$ 500

As there is shortage of $ 272.25 in the amount of $ 500 the petty cash will be reimbursed with this amount.

An amount of $ 7.75 is short which is dealt in suspense account and reimbursed with the amount falling short.

5 0

3 years ago

Morgan and Flynn owned a partnership business that was facing financial difficulties. The debts of the business were getting out

ahrayia [7]

They can file the bankruptcy code under chapter 11.

This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.

I hope my answer has come to your help. God bless and have a nice day ahead!

8 0

3 years ago

In a two sentences, explain how identity theft can impact a person's life.

cricket20 [7]

Answer:

The identity theif opens different accounts and buys whatever they want and you pay for it. Your job perspective can be ruined by this.

8 0

3 years ago

Read 2 more answers