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Mekhanik [1.2K]
2 years ago
3

Bank reconciliation. Benson Plastics Company deposits all receipts and makes all payments by check. The following information is

available from the cash records: MARCH 31 BANK RECONCILIATION Balance per bank $26,746 Add: Deposits in transit 2,100 Deduct: Outstanding checks (3,800) Balance per books $25,046 Balance April 30 April deposits April checks Month of April Results Per Bank Per Books $27,995 $27,355 11,784 13,889 11,100 10,080 April note collected (not included in April deposits) April bank service charge April NSF check of a customer returned by the bank (recorded by bank as a charge) 3,000 -0- 35 -0- 900 -0- Instructions (a) Calculate the amount of the April 30: 1. deposits in transit 2. outstanding checks (b) What is the April 30 adjusted cash balance
Business
1 answer:
Fofino [41]2 years ago
8 0

Answer:

A. 4,205

B. 2,780

Explanation:

Base on the scenario been described in the question, we can define the bank statement as

The Bank Reconciliation Statement is prepared in the companies to make a resonance of the accounting book balance and the actual; bank balance. Any deviation will alarm the companies.

. Deposits in transit: $4,205

13,889 - (11,784 - 2,100)

4,205

2. Outstanding checks: $2,780

10,080 - (11,100 - 3,800)

2,780

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Answer:

C. $294

Explanation:

The computation of the  company's target full - product cost per unit is shown below:

= Target sale price - target sale price × net profit margin

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= $420 - $126

= $294

Simply we deduct the targeted net profit from the targeted sales price so that the accurate target full - product cost per unit can come.

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2 years ago
Jeff Kaufmann’s machine shop sells a variety of machines for job shops. A customer wants to purchase a model XPO2 drilling machi
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Answer:

a) If Jeff purchases today, then he can expect to earn $30,000.

b) If Jeff decides to wait and try to purchase tomorrow, his expected profit is $22,000.

c) If Jeff decides to wait even more and buy the day after tomorrow, then his expected profit is $8,400.

d) Three days form now there will be no XPO2 available, so his profit is $0.

e) Jeff should purchase the XPO2 today and earn $30,000.

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2 years ago
A currently owned shredder used in a refuse-powered electrical generating plant has a present net realizable value of $200,000 a
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Answer:

Please attachment .

Explanation:

Please see attachment

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Easy question.........
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Answer:

c

Explanation:

7 0
2 years ago
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