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2 years ago

The following information pertains to Lance Company.

Business

1 answer:

nalin [4]2 years ago

5 0

Answer and Explanation:

The preparation of the bank reconciliation statement is presented below:

Balance as per bank $8,732.00

Add: Deposit in transit $3,500.00

Less: Outstanding checks -$1,486.00

Adjusted bank balance $10,746.00

Balance as per books $8,768.00

Add: EFT received from customer $2,023.00

10791.00

Less: Service charges -$45.00

Adjusted book balance $10,746.00

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Answer:

Explanation:

The stockholder's equity statement is composed of common stock and retained earnings. The ending balance shown in the attached spreadsheet, after modification.

The Ending balance of earnings retained = Starting balance of earnings retained + net income - dividend paid

And, Ending balance of common stock = Starting balance of common stock + issued stock

The preparation of the stockholders ' equity statement for the year ended December 31, 20Y7 is provided in the spreadsheet. The attachment below is:

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2 years ago

Gloria, the controller of luna pizza, is purchasing several new delivery vehicles. gloria has numerous work responsibilities, so

Natasha_Volkova [10]

Answer: (E) Satisficing

Explanation:

The satisficing is one of the type of satisfactory model that helps in understanding the various types circumstances that helps in creating the various types of decisions.

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According to the given question, Gloria is using the satisficing model for the purpose of providing the satisfaction by choosing the best alternative.

Therefore, satisficing is the correct answer.

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2 years ago

Irene plans to retire on January 1, 2020. She has been preparing to retire by making annual deposits, starting on January 1, 198

worty [1.4K]

Answer:

$16,876

Explanation:

first we have to calculate how much money Irene saved until January 1, 2001:

P = PMT × [(1 + r)ⁿ - 1] / r

PMT = 2,300
r = 8.4%
n = 22

P = 2,300 × [(1 + 8.4%)²² - 1] / 8.4% = $134,089

if she stops making any more payments, in 19 years those $134,089 will be worth:

FV = PV x (1 + r)ⁿ

PV = $134,089
r = 8.4%
n = 19

FV = 134,089 x (1 + 8.4%)¹⁹ = $620,797

that means she still needs to get $1,350,000 - $620,797 = $729,203

we can use the first formula to determine the payments she will need to make during the next 19 years:

P = PMT × [(1 + r)ⁿ - 1] / r

P = 729,203
r = 8.4%
n = 19
PMT = ???

PMT = P / {[(1 + r)ⁿ - 1] / r}

PMT = 729,203 / {[(1 + 8.4%)¹⁹ - 1] / 8.4%} = 729,203 / 43.21 = $16,876

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2 years ago

If a check correctly written and paid by the bank for $648 is incorrectly recorded on the company's books for $684, the appropri

yawa3891 [41]

Answer:

add $36 to the book's balance.

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Since in the question it is given that the check amount is $648 which is to be paid by the bank is recorded incorrectly in the company books for $684

So the difference of $36 would be added to the company book balance and no adjustment would be made in the bank balance

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2 years ago

Effective teams (1) function so well they create their own magnetism, (2) are interested in others' success as well as their own

MariettaO [177]

Answer:Only statements 1 and 2 are correct

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2 years ago

Read 2 more answers