answer.
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
Gre4nikov [31]
2 years ago
13

Grant Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books,

7/31 $3,500 Deposits in transit 150 Notes receivable and interest collected by bank 850 Bank charge for check printing 20 Outstanding checks 2,000 NSF check 170 The adjusted cash balance per books on July 31 is a. $4,160. b. $4,010. c. $2,310. d. $2,460.
Business
1 answer:
ddd [48]2 years ago
6 0

Answer:

a. $4,160.

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.

These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

The adjusted cash book balance is one that contains the necessary adjustments to transactions captured in the bank statement but yet to be recorded in the books.

The adjusting items are

  • Notes receivable and interest collected by bank 850
  • Bank charge for check printing 20
  • NSF check 170

Hence the adjusted cash balance

= $3500 + $850 - $20 - $170

= $4,160

You might be interested in
In the long run a company that produces and sells laundry detergent incurs total costs of $2,500 when output is 1,250 units and
Schach [20]

Answer:

The correct answer is a) economies of scale

Explanation:

Economies of scale are when a company increases the production or associate with other company, to obtain a better price to reduce the cost of production. This happens because costs are spread over a larger number of goods.

Example:

Company A, require apples to produce his final product. And the provider has a price for each apple, however, if you buy more than 100, he gives you a discount of 5%. Company A can´t afraid this, because it just needs 50 apples per production.

The solution for the company is trying to expand the market, become efficient, to duplicate his production and obtain the discount. Or associate with Company B that needs 50 apples too, to obtain the discount and reduce his cost.  (1 big purchase is better than 2 small purchases)

8 0
1 year ago
PLZZ HELP IN IN A TEST!! 20 POINTS AND BRAINLIEST FOR FIRST!
Leokris [45]

Answer:

A. planning

:)

8 0
2 years ago
A loan that calls for periodic interest payments and a lump sum principal payment is referred to as a(n) ____ loan. Multiple Cho
melisa1 [442]

Answer: INTEREST-ONLY LOAN

Explanation:

An interest-only loan is a type of loan where the debtor pays only interest in the interim period but the pays the principal at a specified date in a lump sum.

This kind of loan can be structured in different ways per borrower but the above is the basic nature of such loans.

4 0
2 years ago
Adjust the percentages of Chris’s investments to make his portfolio with potential for high growth
Oksana_A [137]
<h2>Answer:</h2><h3><em><u>Bond: 20%</u></em></h3><h3><u><em>Mutual Fund: 15%</em></u></h3><h3><u><em>Stock: 50%</em></u></h3><h3><u><em>Savings Account: 15%</em></u></h3>

<h2>Explanation:</h2><h3><u><em>E v e r F i</em></u></h3>
3 0
2 years ago
A product sells for $200 per unit, and its variable costs are 65% of sales. the fixed costs are $420,000. what is the break-even
Svetllana [295]
Unit sale price = $200
Variable costs are 65% of sales = ($200)(.65) = $130
Fixed costs = $420,000

To solve:
Break-even point = fixed costs / (sales price per unit - variable cost per unit)
Break-even point = $420,000 / ($200-$130)
Break-even point = $420,000 / $70
Break-even point = $6,000
4 0
2 years ago
Other questions:
  • Zacariah's Nursery has 6,000 shares of stock outstanding at a market price of $20 a share. The earnings per share are $1.54. The
    6·1 answer
  • Service Revenue for the year = $80,000. Of this amount, $70,000 is collected during the year and $10,000 is expected to be colle
    6·1 answer
  • Bad Brad received 20 NQOs (each option gives him the right to purchase 30 shares of stock for $10 per share) from his employer.
    13·1 answer
  • A repetitive manufacturing firm is planning on level material use. The following information has been collected. Currently, the
    6·1 answer
  • 1. Do you see Sony as an innovator in its industries of electronics, semiconductors, computers, video games, and telecommunicati
    14·1 answer
  • Assume you own and operate a small printing and specialty advertising business that employs 25 persons. With increased health ca
    8·1 answer
  • Carol has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. Her
    13·2 answers
  • The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations
    6·1 answer
  • Siyed, an economics student, believes that a beer sold by one particular shack on the beach is completely different from an iden
    13·2 answers
  • A manager can faithfully execute the decision making process but still end up with nothing of value if _________________________
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!