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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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K owns a variable annuity with an assumed interest rate of 4%. If the actual performance of the separate account(s) is 5%, the e
pickupchik [31]

Answer:

Since the actual performance of the separate account is actually higher than the assumed interest by 1 %, this means that K will be paid 1% more on the value of his/her annuity account.

Explanation:

An annuity account is a policy holder's investment account where the insurance company invests on behalf of the annuitant. The insurance company determine an assumed interest rate that will cover for the insurance company costs and the profit margin that will be paid to the annuitant periodically.

Annuity interest help investors plan for retirement income since the annuitant knows how much they expect to receive upon maturity of the policy. Knowing how to calculate the value of an annuity can also help investors to consider other investment options.

An assumed interest rate that is determined by the insurance company. This is the value of the annuity account and the annuitant should not be paid below the value of this rate. The actual interest rate is the actual performance of the investment in the market. If this rate increases, then the value of payment to be made to the annuitant also increases.

In our case, the actual performance of the separate account is actually higher than the assumed interest by 1 % this means that K will be paid 1% more on the value of his/her annuity account.

4 0
3 years ago
When the economy experiences an expansion, it is most likely the case that
Degger [83]

Answer:

there is a bigger money pool and became popular

8 0
2 years ago
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Donnie Hilfiger has the following balances in its stockholders' equity accounts on December 31, 2015: Treasury Stock, $400,000;
Nana76 [90]

Answer:

Explanation:

The preparation of the stockholders' equity section of the balance sheet for Donnie Hilfiger as of December 31, 2015 is presented below:

                                                DONNIE HILFIGER

                                                     Balance Sheet

                                         (Stockholders' Equity Section)

                                          As of December 31, 2015

Common stock $350,000

Preferred stock $1,000,000

Additional paid in capital $3,200,000

Total paid in capital $4,550,000

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Total  $6,150,000

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Total Stock holders equity $5,750,000

3 0
3 years ago
I need help with my assingemnt
Gekata [30.6K]

Answer:

idc

Explanation:

i do not care, not at all.

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3 years ago
The manufacturing cost of the widgets your company makes has dropped by 50%. One of your customers, Sam, tells you he knows this
olga_2 [115]

Based on the above scenario, the answer is No. I would not tell Sue, because  manufacturing cost falls under business's internal factors that tends to affect firm's  profitability.

<h3>What is discount?</h3>

Others are:

  • Also note that if i tell her,  my actions will be found to be ethically incorrect.

The term discount is known to be an act or process where a price of product or services are  reduced prices to a price lower than the exact sum of that item.

Note that Based on the above scenario, the answer is No. I would not tell Sue, because  manufacturing cost falls under business's internal factors that tends to affect firm's  profitability.

Learn more about discount from

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