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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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Direct materials needed for production is calculated by_________.
professor190 [17]

Answer:

d. multiplying units to be produced by direct materials per unit.

Explanation:

To determine the total direct material, key parameters required are the direct material cost per unit and the number of units to be produced. The product of these two parameters gives the direct material cost required for production.

For example, if there are 10 units of an item to be produced and the direct material cost per unit is $4, the direct material cost needed for production is $40 derived from the product of the number of units and the direct material cost per unit.

Therefore, the right option is d. multiplying units to be produced by direct materials per unit.

3 0
2 years ago
Audreys free-throw percentage so far this season is .875. If she makes only 13 of her next 20 free throws, her percentage will d
otez555 [7]

Answer:

245 free throws

Explanation:

x will be number of times Audreys makes a shot, and let y be total number of the shots.

x/y = .875

(x+13)/(y+20) = .860

Let solve for x in equation 1

x = .875y

We will plug the for x in the equation 2

(.875y+13)/(y+20)

= .860

.875y + 13

= .860y + 17.2

.015y = 4.2

y = 280

Audreys has taken 280 shots.

We will Plug that back into the equation 1 in order to find out how many Audreys made.

x/280 = .875

x = 245

Hence :

Audreys made 245 free throws

6 0
2 years ago
A higher discount rate applied to a given flow of returns in the future (e.g., $5,000 at the end of 5 years, $10,000 at the end
zhannawk [14.2K]

Answer:

The correct option is B,decrease.

Explanation:

In calculating present value , the future value is divided by the discounting factor,hence, the higher the discounting rate, the higher the discounting factor.

Besides,since the relationship between future value and discounting factor is that of numerator-denominator relationship, it would be logical to say the higher the discounting factor , the lower the output of the mathematical operation,present value and vice versa.

From the foregoing, it is very clear a higher discount rate triggers a lower present value and vice versa

8 0
2 years ago
Which of the following characteristics best describes repetitive focus? Its output is a standardized product produced from modul
HACTEHA [7]

Answer:

Its output is a standardized product produced from modules.

Explanation:

Repetitive Focus is a process that focuses on product orientation and emphasizes the use of modules, which allow for a greater range of customization. That being said we can say that out of the answers provided, the characteristic that best describes repetitive focus is that Its output is a standardized product produced from modules. Because like mentioned before the main difference between this and other process' is the use and emphasis on modules.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
2 years ago
You have just taken a job at a manufacturing company and have discovered that they use absorption costing to analyze product cos
poizon [28]

Answer and Explanation:

Respected Sir,

Sub: Absorption costing to analyze product costs and subsequent cost-volume-profit decisions

As per your requirement please find the explanation below:

Absorption costing is a process by which we add part of the fixed overhead to the production expense of the goods. If we do on a per-unit basis. Here we will compute by dividing the fixed costs by the number of units that we built and sold over the era. Whereas Variable costing includes fixed overhead as a lump sum instead of a per-unit price.

Under this process, all your variable costs like equipment, raw materials, and shipping are included. We will add the maximum fixed overhead costs for the duration. Such costs are not calculated on a per-unit basis. Rather than we deduct them as a lump-sum expense from your income amount.

Variable costing is really useful as it reveals the earnings after all the expenses are paid for the accounting period. While you would not have earned revenue for the goods we purchased as some may be in the inventory, we are showing you have paid all of your expenses for the time. We have excess revenue when you actually sell the finished goods in the warehouse.

The absorption approach is not all that effective as absorption costing will inflate the income figures excessively in any given span of accounting. Since you're not going to subtract any of your fixed costs as we did not sell any of us produced goods, our profit and loss report doesn't reflect the maximum expenses you've had for the time. Therefore, these results may mislead us when our profitability is analyzed.

Regards

ABC

7 0
2 years ago
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