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SOVA2 [1]
3 years ago
11

Olde Shoppe has the following information at August​ 31: times Two deposits made on August 31 were not on the bank​ statement, t

otaling​ $5,300. times The bank collected an EFT payment on a note receivable for $ 2 comma 830. Of this​ amount, $ 150 represented interest on the note. times August 31 balance in Cash was $ 11 comma 667. times The bookkeeper forgot to record check​ #1578 for $ 643 which was cashed by the bank on August 15th. times The balance on the bank statement as of August 31 was $ 10 comma 730. times A check printing service fee of $ 80 was shown on the bank statement. times A NSF check of $ 100. times Checks​ #1572, 1606, and​ 1548, totaling​ $2,356, were not shown on the bank​ statement, even though the company had sent the checks. What is the adjusted book balance at August​ 31?
Business
1 answer:
Reika [66]3 years ago
3 0

Answer:

The adjusted book balance at August​ 31 is $13,824

Explanation:

The computation of the book balance is shown below:

= Cash balance + EFT payment on a note receivable +  interest on the note - forgot to record check -  check printing service fee  - NSF check

= $11,667 + $2,830 + $150 - $643 - $80 - $100

= $13,824

The remaining transactions would be adjusted to bank balance

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Prime Corporation liquidates its ​85% owned subsidiary Bass Corporation under the provisions of Secs. 332 and 337. Bass Corporat
aliya0001 [1]

Answer:

$20000 gain for John Corporation and $10000 loss for Bass Corporation.

Explanation:

John Corporation gain(loss) = FMV of property - Liability assumed - Stock basis

                                               = 55000-10000-25000

                                               = 20000

Bass Corporation gain/loss = 55000-65000

                                              = - 10000

Therefore,  $20000 gain for John Corporation and $10000 loss for Bass Corporation.

5 0
3 years ago
Assume that the interest rate on borrowings in south korea is 1 percent, but the interest rate on deposits in british banks is 7
Vikentia [17]

<u>The trader involved is in carry trade. </u>

<u> </u>

Further Explanation:

Carry Trade: It is defined as a strategy that is used in trading which involves borrowing money at a lower rate of interest and investing in an asset that gives a higher rate of return. It involves borrowing money in a currency that is having a low rate of interest and convert the borrowed sum of money into other currency. The amount is then placed in a deposit in the currency that offers a high-interest rate. It invests in the assets like bonds, stocks, real estate, or commodities that are designated in the other currency.

The two risks that are involved in carry trade are the risk of decline in the price of the assets in which investment is made and exchange risk. This is common in the Foreign exchange market.

<u> Therefore, the trader is involved in carry trade. </u>

<u> </u>

Learn more:

1. Share of medical costs in GDP of US

brainly.com/question/6002864

2. Minimum wage rate

brainly.com/question/8729856

3. Basic right while investigating

brainly.com/question/10185359

Answer details:

Grade: High School

Subject: Economics

Chapter: Types of trade

 

Keywords: the interest rate, South Korea, 1 percent, deposits in British banks, 7 percent, a trader, 1 million South Korean won, British pounds, deposits in a British bank, carry trade, trade involved in, FX market.

5 0
2 years ago
Melanie Gollick, nursing floor manager for Scripps Memorial Hospital La Jolla, says, "It’s the personality and being able to mes
ipn [44]

Answer:

The correct answer is b) Be able to use his or her skills.

Explanation:

Melanie Gollick believes that employees must be able to develop and use their skills to perform work in the hospital. But the use of these skills will depend on the personality of each person and the way they adapt to carry out group work.

Skills refer to a set of skills that each person presents, this ability may be different for each person, for example, a person who works in the health area in a hospital needs to be among their skills, work under pressure, follow instructions, empathy, adaptation, group work, among others.

<em />

<em>I hope this information can help you.</em>

5 0
3 years ago
Pam works for a corporation that recently fired three top managers who were caught using the company credit cards to lavishly fu
jeka57 [31]

Answer:

D) visibly punish unethical acts

Explanation:

Ethics is the act of knowing what ia right and doing same. That is a good ethical act.

The ethical culture practised by Pam's company is to visibly punish unethical acts. This entails punishing any unethical act appropriately before others to see it.

This approach is really good because it will make others to sit up bearing in mind that they will get same punishment without hesitation if they err.

Pam's organization firing the three managers caught using the company's resources to fund their personal lifestyle pointed towards applying visible punishment for unethical acts.

7 0
2 years ago
Read 2 more answers
Japan has the ability to produce either 10,000 televisions or 5,000 cars in a day. The United States has the ability to produce
lisabon 2012 [21]

Answer:

<h2>The United States has the comparative advantage in car production.</h2>

Explanation:

  • Japan has a lower opportunity cost of producing televisions compared to cars, implying that Japan basically has to give up or sacrifice or trade off relatively less number of cars to produce one more television compared to the production of one more car.
  • Alternatively, US has a lower opportunity cost of producing cars relative to televisions meaning that US has to give up, sacrifice or trade off less number of televisions to manufacture one more car in comparison to the production of one more television.
  • Hence, in this case,US has a comparative advantage in the production of cars and Japan has a comparative advantage in production of television and both countries can produce these respective commodities by using relatively less productive resources or factor inputs.
8 0
3 years ago
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