1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ad-work [718]
3 years ago
9

If a check correctly written and paid by the bank for $936 is incorrectly recorded in the company's books for $963, how should t

his error be treated on the bank reconciliation
Business
1 answer:
motikmotik3 years ago
6 0

Answer:

The difference of $27 will be added in the bank reconciliation statement.

Explanation:

With regards to the above information,

Since bank paid $936 but was recorded as $963 in the company's books.

The difference would therefore be ;

= $963 - $936

= $27.

This means that in the company's books, the balance is shown less than the actual balance by $27

Therefore, $27 will be added to the balance in the bank with regards to the books while preparing the bank reconciliation statement.

Hence, $27 which is $963 - $936 will be added in the bank reconciliation statement.

You might be interested in
The factors that affect the price elasticity of supply include: Instructions: You may select more than one answer.
bearhunter [10]

Answer:

The correct answer is letter "A", "B", and "D": the availability of inputs; the flexibility of the production process; time needed to adjust to changes in price.

Explanation:

Price elasticity of supply reflects the changes in supply after a change in prices. The price elasticity of supply is calculated dividing the percentage in the change of quantity supplied by the percentage in the change of price. If the result is equal or greater than one (1) the supply of that good is elastic. If the result is lower than one (1), then the supply is inelastic.

Three main factors determine the price elasticity of supply which are <em>the amount of inventory or raw material in the industry, the capacity to increase or decrease the production, </em>and <em>the time needed to produce the good to be offered based on the price fluctuations.</em>

8 0
3 years ago
What would be helpful in analyzing positive and negative trends and being able to adjust for them in the advertising plan?
Lostsunrise [7]

Answer:

What would be helpful in analyzing positive and negative trends and being able to adjust for them in the advertising plan?

periodic evaluations

Explanation:

periodic evaluations gives room for adjust trends periodically in the advertisement plan, it ensures thorough analysis is carried out often in order to maximize profits while at the same time meets customers demand

7 0
3 years ago
If a 30% change in the price of grape soda leads to a 45% change in quantity demanded, then what is the price elasticity of dema
Kaylis [27]
2 grape sodas the price of it is 10 dollars
5 0
3 years ago
In a job order costing​ system, a credit to Finished Goods Inventory will be accompanied by a debit to A. WorkminusinminusProces
goldenfox [79]

Answer:

A. Work-in-Process Inventory

Explanation:

What a credit to finished goods inventory actually means is that there was an increase in the number of finished goods. If finished goods increased, it means that the number of goods still being worked on (Work-in-process inventory) has decreased (debit). Thus, this transaction must be accompanied by a debit to Work-in-Process Inventory.

4 0
3 years ago
4. The E. Harris Company issued bonds in September of 2003. When issued, the bonds had 20 years to maturity, a coupon rate of 7.
stiv31 [10]

Answer:

6%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity. It is the long term return of the bond which is expressed in annual term.

Face value = F = $1,000

Coupon payment = $1,000 x 7.5% = $75

Selling price = P = $1110.40

Number of payment = n = 10 years

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $75 + ( $1,000 - $1,110.4 ) / 10 ] / [ ( $1,000 + $1,110.4 ) / 2 ]

Yield to maturity = [ $75 - 11.04 ] / $1,055.2

Yield to maturity = $63.96 / $1,055.2

Yield to maturity = 0.0606 = 6.06%

Rounded off to whole percentage 6%

3 0
3 years ago
Other questions:
  • The value proposition does not serve to:
    8·1 answer
  • A leader with strong position power who is​ relationship-oriented will be most effective when​ leader-member relations are​ ____
    8·1 answer
  • California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $35 per share. Later in the year, the compa
    5·1 answer
  • A firm that wants to achieve economies of scale could do so by a. producing a smaller quantity of output. b. employing a smaller
    13·1 answer
  • The Sales Returns and Allowances account is on the income statement as an addition to Sales. presented on the balance sheet as a
    14·1 answer
  • Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA), a pr
    9·1 answer
  • If Jane attends graduate school, it will take her two years, during which time she will earn no income. She will pay a total of
    7·1 answer
  • I have a 88.1% right now, if I get 15 out of 15 on this assignment what will my grade be
    13·1 answer
  • Accountants focus on creating financial statements, whereas finance professionals use these statements to evaluate a firm and an
    14·1 answer
  • Check out my channel it called It'z Jennie AMV! Thanks! If you like the video make sure to Subscribe and click the bell so that
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!