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Feliz [49]
2 years ago
9

On October 31 of the current year, Bell Sports received a bank statement dated October 30. Information has been obtained from th

e bank statement and from the records of the business. Prepare a bank statement reconciliation. Use Oct. 31 of the current year as the date.
Business
1 answer:
ankoles [38]2 years ago
7 0

Answer and Explanation:

The preparation of the bank reconciliation is presented below:

For company books

Balance $4,226

Less: service charges -$16

Adjusted balance $4,210

For bank statement

Balance $4,461

Add: outstanding deposits $448

Less: outstanding checks

Number 110 $37

Number  111 $75

Number  114 $587

Adjusted balance $4,210

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Which are the four functions motor freight terminals usually serve?
Evgesh-ka [11]

Answer:

The main function of a terminal is to handle and transship freight or passengers since modes are physically separated. They have a nominal capacity which is related to the amount of land they occupy and their level of technological, labor and managerial intensity.

Explanation:

3 0
2 years ago
Millner Corporation has provided the following data from its activity-based costing accounting system: Activity Cost Pool Total
ryzh [129]

Answer:

Activity rate = $176  per hour

Explanation:

<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.  </em>

<em>Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.  </em>

<em>Activity rate per driver is calculated as:  </em>

Activity overhead for the period / Total cost drivers for the period   Designing products activity cost pool= designing cost /product design hours

        = $1372,448/7,798 hours

       = $176  per hour

4 0
2 years ago
Multi-product branding is:_______.
Elan Coil [88]

Answer:

b. a branding strategy in which a company uses one name for all of its products in a product class.

Explanation:

Multi-product branding is a branding strategy in which a company uses one name for all of its products in a product class.

Multi-product branding is a business strategy widely used by manufacturers, it involves producing and selling multiple products using the same brand name for all.

For instance, Pears may have Pears diapers, clothing lines, lipstick ranges, shoes, body lotions, eye shadow, foundation etc. They are all different products manufactured and all branded as Pears.

The merits and advantages of Multi-product branding is high brand awareness, low promotional and advertising costs, and brand equity return.

8 0
2 years ago
Countertops Unlimited, a manufacturer of kitchen and bath countertops, had the following information for production last period:
Mrac [35]

Answer:

Countertops Unlimited Manufacturing Account for the year ended

                        Particulars                               Amount

Beginning material inventory                      $16,000.00

Less Closing Work in progress                   $30,000.00

(WIP) Inventory                                             <u>                     </u>

Ending material inventory                        -$14,000.00

Factory Overhead Cost

Material purchased     $205,000.00

Direct labor                $65,000.00

Indirect labor             $20,000.00

Indirect material used  $55,000.00

Factory rent                   $35,000.00

Utilities                           <u>$15,000.00</u>               <u>395,000,000</u>

Total  Manufacturing Costs                           <u>$381,000.00</u>

3 0
2 years ago
Where does the management accounting function fit into an organization's structure?
LUCKY_DIMON [66]

Management accounting is the process of measuring and analyzing financial and non-financial information that is relevant to the company.  This is an important part of the Controller’s function in an organization since the Controller directly reports to the chief financial officer. The report contains pieces of information which contributes in making strategic decisions to achieve the goal of the organization. 

6 0
2 years ago
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