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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

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Answer:

Business ricks factors for Poultry industry using PESTEL:

Political : Government imposes ban on hormone injections and artificial feeds.

Economic: Demand is high but supply is insufficient causing rise in prices.

Social: People taste changes and they are switched to beef.

Technological: Genetic manufacturing of eggs incurs high cost.

Environmental: Poultry industry creates smell pollution which can affect nearby societies.

Legal: Contract issues and termination of contract can cause industry failure.

Explanation:

PESTEL analysis is widely used in the business to identify the associated risks with the operations. In the pestel analysis all factors are analyzed in detail. Political, economic, social, technological, environmental and legal factors are analyzed in detail and risks associated with these factors are identified to improve business strategies.

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2 years ago
In a business environment, persuasion is critical to success. Persuasion is necessary when you anticipate resistance or when you
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Answer:

The correct answers are:  

(C) Anticipate objections: A person who persuades correctly and with ethics can anticipate the objections or doubts that people who are subject to persuasion have in order to effectively answer any questions they may have and  be able to make the deal effective.

(D) It generates interest: It generates interest because at that time it usually creates a need for the person who does not have or who mainly does not know he does not have.  

(E) Ask for a particular and easy action to take: In general, persuasion, as it is a created need, is easier to create small and easy-to-execute actions so that persuasion work is effective because if the person who is doing the work does it with larger actions, it is likely that it will not capture the attention of the person with whom it is being done, emphasizing that these actions should always be done considering the ethical principles of a company and society.

6 0
2 years ago
If a company pays dividends on a stock, does that mean that the stock has appreciated in value? Why or why not?
PolarNik [594]

Dividend is the amount of share in the earnings paid by the company to its shareholders for their investment in the company. So dividend is paid out of the earnings made by the company and it has no relation with the increase or decrease in the value of the stock.

Hence, If a company pays dividends on a stock, it does not mean that the stock has appreciated in value.


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2 years ago
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____ analysis involves studying various market parameters in order to predict future price movements of stock.
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2 years ago
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Orleans Corporation, a U.S. corporation, reported U.S. taxable income of $2,000,000. Included in the computation of taxable inco
Dafna11 [192]

Answer:

$420,000

Explanation:

Calculation for Orleans’s net U.S. tax liability

Using this formula

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Let plug in the formula

Tax liability=$2,000,000×21%

Tax liability=$420,000

Therefore Orleans’s net U.S. tax will be $420,000. The withholding tax amount of $8,000 was not included because it was already imposed on the dividend.

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