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Anika [276]
2 years ago
5

The bank statement reported an ending balance of $43,860 after deducting $660 in service charges and an addition of $13,500 for

a note collected by the bank on the Cherokee Company's behalf. The company books reported an ending balance of $29,070, and determined that deposits in transit equal $16,800 and outstanding checks equal $18,750.
What is the adjusted cash balance?
Select one:
A. $21,120
B. $41,910
C. $16,800
D. $35,910
Lakeside Company is holding a $18,000, 90-day, 6% note receivable, dated December 1, 2019. The journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:
Select one:
A. Credit note receivable for $18,000
B. Credit interest income for $270
C. Debit to interest receivable for $90
D. Debit cash for $18,270
Business
1 answer:
Jet001 [13]2 years ago
7 0

Answer:

Question 1

B. $41,910

Question 2

C. Debit to interest receivable for $90

Explanation:

Question 1

Calculation for the adjusted cash balance

Using this formula

Adjusted cash balance = Cash balance per books +Deposits in transit - Outstanding checks

Let plug in the formula

Adjusted cash balance= $43,860+$16,800-$18,750

Adjusted cash balance= $41,910

Therefore Adjusted cash balance is $41,910

Question 2

Based on the information given The Appropriate journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:

Debit to interest receivable for $90 which is calculated as:

Interest receivable=[(6%*$18,000*90days/360)/3]

Interest receivable=$270/3

Interest receivable=$90

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Answer:

60

Explanation:

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earnings per share = net income / shares outstanding = $150 / 300 = $0.50

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2 years ago
To determine how attractive a particular market is using the BCG portfolio analysis, ________ is(are) established as the vertica
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Answer:

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Explanation:

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2 years ago
Alphonse Company manufactures staplers. The budgeted sales price is $ 12.00 per​ stapler, the variable costs are $ 2.00 per​ sta
myrzilka [38]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The budgeted sales price is $ 12.00 per​ stapler, the variable costs are $ 2.00 per​ stapler, and budgeted fixed costs are $ 10,000. What is the budgeted operating income for 4,600 ​staplers?

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3 0
2 years ago
The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame parts and electrical compone
Deffense [45]

Answer:

Explanation:

a) x1 = number of unit product 1 to produce , and

x2 number of unit product 2 to produce

A linear program that will maximize world light profit is the following

maximize x_1+2x_2 subject to x_1+3x_2\leq 200

2x_1+2x_2\leq 300\\\\x_2\leq 60\\\\x_1\geq 0\\\\x_2\geq 0

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So, this can be written as the inequations

Profit functio is p = 0ne dollar on product A and two dollar on product B

= x + 2y

Now , we find a feasible area whose extremeties will give the maximum profit for, the  graph is ( see attached file )

So on the graph, we can get the other extremeties of the shaded regional so which will not give maximum profit ,

Thus , the maximum possible profit is

p = ($1 * 125) + ($2 * 25)

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4 0
2 years ago
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Sphinxa [80]

Answer: (B) The school of ethical universalism

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  The ethical universalism is on of the type of ethical based concept in which their is one of the common moral agreement about the right and the wrong action on the basis of the given behavior across the various types of countries.  

 The importance of the ethical universalism is to provide the justice of equal right among all the people in the society and each person are treated in equal manner.

 According to the given question, the school of ethical universalism is one of the common ethical standards which is used to judge the different types of cultural circumstances and the variety of markets. Therefore, The given cultural circumstances is basically defining the beliefs of the ethical universalism.  

Therefore, Option (B) is correct answer.

3 0
2 years ago
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