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Dmitrij [34]
2 years ago
12

A company received a bank statement with a balance of $6,100. Reconciling items included a bookkeeper error of $400—a $400 check

recorded as $800—two outstanding checks totaling $810, a service charge of $24, a deposit in transit of $270, and interest revenue of $21. What is the adjusted bank balance?
Business
1 answer:
alexdok [17]2 years ago
6 0

Answer:

adjusted bank balance  = $5205

Explanation:

given data

Bank balance as per bank statement = $6100

Deposit in transit =  $270

Bank Service Charge = $24

Interest revenue = $21

Outstanding Checks = $810

Error made by book keeper = $400

to find out

adjusted bank balance

solution

we get here adjusted bank balance that is express as here

adjusted bank balance = Bank balance as per bank statement + Deposit in transit + Bank Service Charge + Interest revenue - Outstanding Checks - Error made by book keeper    .......................1

put here value we get

adjusted bank balance = $6100  + $270 + $24 + $21 - $810 - $400

adjusted bank balance  = $5205

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After analyzing the data on cab services in Lucitona, the Transport Authority of Lucitona discovered that there was an 85 percen
Naily [24]

Answer:

A) affinity pattern

Explanation:

Affinity patterns show associations that occur among objects in the real world. These objects that show affinity patterns or association patterns are not complementary to each other and sometimes may not even be related to each other.

In this case, the fact that it is raining is probably what causes the 85% in cab service usage. If we analyze them separately, cab service and rain have nothing to do with each other, but when it rains more cabs are used.

6 0
2 years ago
Your grandparents would like to establish a trust fund that will pay you and your heirs $215,000 per year forever with the first
Tju [1.3M]

Answer:

They should invest $5,119,047.619 today.

Explanation:

The trust fund will pay a fixed amount forever thus it is a perpetuity. The value of perpetuity or Price of perpetuity is the amount that the perpetuity is worth in today's terms based on the cash flows it will generate in future.

The formula for the value or price of perpetuity is,

P0 or V = Cash Flow / r

Thus,

P0 or V = 215000 / 0.04   =  $5,119,047.619

7 0
1 year ago
Which of the following is an example of a firm’s derived demand? a. Workers with higher levels of education earn more, on averag
Mademuasel [1]

Answer:

c. A tractor manufacturer’s demand for assembly-line workers is inseparably linked to the supply of tractors

Explanation:

Derived demand is when the demand for a good, service or labour is as a result of demand for another good or service.

The demand for assembly line workers is as a result of demand for tractors. If there was no demand for tractors ,there would be no need to employ assembly line workers.

I hope my answer helps you.

7 0
1 year ago
An economy produces 1,000,000 computers valued at $2,000 each. Households purchase 200,000 computers, of which 100,000 are impor
Irina18 [472]

Answer:

$800 million

Explanation:

GDP = consumption (C) + investment (I) + government spending (G) + Net Export (NX)

Y = C + I + G + NX

The number of computers left is

= 1,000,000 - 200,000 (household) - 300,000 (businesses) - 300,000 (government) - 100,000 (Foreign)

= 100,000

This worth 100,000 × $2,000 = 200 million

                  300,000 computers × $2,000 = 600 million

Total of these two = 200 + 600 million

                              = 800 million

Therefore, the value of the investment component of GDP is $800 million.

7 0
2 years ago
Tolino Company signed a 5-year note payable on January 1, 2019, of $200,000. The note requires annual principal payments each De
konstantin123 [22]

The following journal entry will be passed in the books of accounts and the interest expense is calculated to an amount of $9600

<u>Explanation:</u>

Given data:

amount of note: $200000, annual principal payments to be made each year at December 31st = $40000, interest amount to be charged = 6 percent, duration of note = 5 years

the following calculation is made in order to find out the amount of interest:

Amount of note minus principal payment multiply with rate of interest

now, putting the figures in formula:

interest = 200000 minus 40000 = $160000 multiply with .06 = $9600

Thus, the interest amount = $9600

The interest expense will be debited with an amount of $9600 in the books of accounts.

8 0
2 years ago
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