All categories

2 years ago

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

Business

1 answer:

Alona [7]2 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.

You might be interested in

Dingo Division’s operating results include: controllable margin of $150,000, sales totaling $1,200,000, and average operating as

LekaFEV [45]

Answer:

Dingo should reject this project

Explanation:

sales - operating expenses = controllable margin

controllable margin/operating asset = return on assets

100,000 sales - 86,000 expenses = 14,000

14,000/200,000 = 0.07 = 7%

This project yield 7% which is lower than Ding required rate of return of 9%

Dingo should reject this project of finance it through a lower cost of capital.

4 0

3 years ago

On January 1, 2018, Surreal Manufacturing issued 600 bonds, each with a face value of $1,000, a stated interest rate of 3 percen

Hoochie [10]

Answer:

Period Bonds Interest Cash Increase in Bonds payable

Payable Expenses Paid Bonds payable at the end

2018 583352 23334.08 18000 5334.08 588686.1

2019 588686.1 23547.44 18000 5547.44 594233.5

2020 594233.5 23766.48 18000 5766.48 600000

Journal entries

Jan 01 2018

Cash account Dr $583352

Discount on Bonds Payable Dr $16648

Bonds payable Cr $600000

Dec 31 2018

Interest expense Dr $23334.08

Cash account Cr $18000

Discount on bonds Payable Cr $5334.08

Dec 31 2019

Interest expense Dr $23547.44

Cash account Cr $18000

Discount on bonds Payable Cr $5547.44

Dec 31 2020

Interest expense Dr 23766.48

Cash account Cr $18000

Discount on bonds Payable Cr $5766.48

Dec 31 2020

Bonds Payable Dr $600000

Cash account Cr $600000

01.01.2020 (Redemption at 101)

Bonds Payable Dr $600000

Loss on redemption of bonds Dr $11766.48

Cash account (600000*101%) Cr $606000

Discount on bonds payable Cr $5766.48

8 0

2 years ago

Average fixed cost

MrRa [10]

Answer:

d. declines continually as output increases.

Explanation:

Fixed costs remain constant throughout a period regardless of output level. Average fixed costs are obtained by dividing fixed costs by the total output. Because fixed costs do not change, average fixed costs will be influenced mostly by the production level.

A large output means that fixed costs will be spread in many units. The result is a reduction in average fixed costs. When the output is large, a firm enjoys economies of scale. A small output will result in high fixed average costs. A Fixed amount will be shared among a fewer number of units.

3 0

2 years ago

Read 2 more answers

The most worthless money in the world?

Inessa [10]

A penny

But the most worthless thing in the world is love.
You love them and they snap you like a twig

3 0

2 years ago

Read 2 more answers

Key comparative figures for Apple and Google follow.

kow [346]

Answer:

1. Apple

Current year Days sales uncollected = Account receivables/Net sales * 365

= 15754 / 215639 * 365 = 27 days

= 16849 / 233715 * 365 = 26 days

Google

Current year Days sales uncollected = Account receivables/Net sales * 365

= 14137 / 90272 * 365 = 57 days

Prior years Days sales uncollected = Account receivables/Net sales * 365

= 11556 / 74989 * 365 = 56 days

2. Base on the computation above, Apple had more success collecting receivables.

7 0

2 years ago