Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows $18,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 1,450 Outstanding checks 837 Additionally, a $29 check written and recorded by the company correctly was recorded by the bank as a $92 deduction. The adjusted cash balance per the bank records should be:
Answers
Answer: $19037
Explanation:
The following can be deduced from the question:
Balance per Bank statement = $18361
Add: Deposits in Transit = $1450
Add: Bank error = $63
Less: Outstanding check = $837
Adjusted cash Balance per Bank:
= ($18361 + $1450 + $63) - $837
= $19874 - $837
= $19037
The adjusted cash balance per the bank records should be $19037.
N.B: The bank error was gotten as the difference between $92 and $29. $92 - $29 = $63
Related Questions
the managers at valutech need to determine whether or not the racial makeup of its staff accurately reflects the surrounding labor market. the best way to collect this information is to group of answer choices interview the employees. do a workforce utilization analysis. perform validation studies. use e-verify.
Answers
The best way to collect this information is to b) do a workforce utilization analysis.
An investigation of a workforce's demographics is known as a utilization analysis, also known as a workforce utilization review.
The goal is to determine whether an organization employs a particular group (such as women, minorities, etc.) at a rate that is consistent with the availability of the workforce or not (the estimated number of people in designated groups who are available for work).
Utilization analysis is crucial because it guarantees employees' equal access to and access to opportunities.
Not to mention, it motivates businesses to maintain their diversity and inclusion initiatives in accordance with the laws and guidelines overseen by the Equal Employment Opportunity Commission (EEOC). Federal anti-discrimination statutes must be enforced, and that duty falls to the EEOC.
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i need help asap ! thank you :)
Answers
Answer:
I purchased your Apple Cinnamon body wash about a month ago, and I recieved a Plum Raisin. I've come to know that you are no longer selling the Apple Cinnamon scent, and that is the only kind that I would like to have purchased, so I am looking to get a refund for the body wash you sent me. I know that you have a 90-day return policy, but only if the bottle is unopened, and I am asking you to make an exception for my purchase because the label gave me false information. You have labeled the bottle Apple Cinnamon, which is not only misleading, but an outright lie because the actual scent of the body wash was Plum Raisin. Even though you might say that the bottle was opened and I can't get a refund for that, I think that it is unfair of you to expect me to be satisfied with a body wash of the wrong scent. You didn't even think to contact me when you took Apple Cinnamon off your listing when I had ordered it, and you took a further step by hiding the label, I know that it is only acceptable if I get my money back for this product.
Thank you,
(Your name)
Explanation:
Explain the importance of feedback in the communication process.(3marks)
Answers
ABC has a semi-monthly payroll cycle and a 40 hour standard work week. Sun Mon Tues Wed Thurs Fri Sat "2/28 2 hours" "2/29 8 hours" "3/1 8 hours" "3/2 8 hours" "3/3 8 hours" "3/4 8 hours" "3/5 0 hours" "3/6 2 hours" "3/7 8 hours" "3/8 8 hours" "3/9 8 hours" "3/10 8 hours" "3/11 8 hours" "3/12 0 hours" "3/13 2 hours" "3/14 8 hours" "3/15 8 hours" "3/16 8 hours" "3/17 8 hours" "3/18 8 hours" "3/19 8 hours" 1 What would ABC's total pay hours for March 1 - March 15 pay period? 2 What would ABC's total pay hours for the previous pay period? 3 What would ABC's total pay hours for the next pay period?
Answers
Based on the monthly working cycle of ABC and the pay periods in March, the pay hours are:
March 1 - March 15 = 120 hours.Previous pay period = 112 hours.Next pay period = 128 hours.What are the pay hours for ABC?The March 1 to March 15 pay hours would be for 15 days:
= Number of days x average pay
= 15 x 8
= 120 hours
The previous pay period would have been 2 weeks in February which is 14 days:
= 14 x 8
= 112 hours
The next pay period would have to cover the rest of March and so will be from March 16 to March 31 which is 16 days:
= 16 x 8
= 128 hours
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The areas of academic study are called
Answers
Answer:
Academic Focus Areas are related majors that are grouped together because they share a foundation of common course requirements and recommendations. At most institutions, every program of study will fit into one of a limited number (five to seven, generally) of Academic Focus Areas.
An academic discipline or field of study is known as a branch of knowledge.
Explanation:
Answer: Branches of knowledge
Happy to help; have a great day! :)
Why is Organizational Culture critical to an organization's success?
Answers
Answer:
The culture at your organization sets expectations for how people behave and work together, and how well they function as a team.
Explanation:
You're welcome.
QUICK ONE!
A truck costing $80,000 has an expected life of 8 years
Required:
c) Prepare a depreciation schedule using the reducing balance method? (assuming the rate is 1.5 times the straight-line rate)
Answers
Answer:
Rate is 1.5 times the straight line depreciation rate which is;
= \(\frac{80,000}{8}\)
= $10,000 per year
Rate = \(\frac{10,000}{80,000}\) * 100%
=12.5%
Reducing balance rate = 12.5% * 1.5
= 18.75%
The Depreciation Schedule would be;
Year Beginning Book Value Depreciation Expense Accumulated Depreciation Book Value
1 $80,000 80,000*18.75% = $15,000 $15,000 $65,000
2 $65,000 65,000 * 18.75% = $12,1875.50 $27,187.50 $52,812.50
3 $52,812.50 52,812.5 *18.75% = $9,902.34 $37,187.84 $42,910.16
4 $42,910.16 42,910.16 * 18.75% = $8,045.66 $45,233.50 $34,766.50
5 $34,766.50 34,766.50 * 0.1875 = 6,518.72 $51,752.22 $28,247.78
6 $28,247.78 28,247.78 * 0.1875= $5,296.45 $57,048.67 $22,951.33
7 $22,951.33 22,951.33 * 0.1875= 4,403.37 $61,452.04 $18,547.96
8 $18,547.96 18,547.96 * 0.1875 = $3,477.74 $80,000 $0
$3,477.74 + 15,070.22= $18,574.96
Depreciation for the last year was not sufficient to take the truck to $0 so the remainder will be depreciated in that year so that it may be completely depreciated.
Which of the following is NOT a step in the basic selling process?
make a connection
recite product features
personalize service
assess needs
Answers
From the options given recite product features is not a step in the basic selling process
What is the basic selling process about?The series of steps a salesperson takes to find and approach prospects, give a sales presentation, address objections, and close a sale is known as the selling process
Prospecting, planning, approaching, presenting, addressing objections, closing, and following up are often involved in the process .The technique may be applied to the majority of selling scenarios, including non-product selling.
The objective is to persuade the consumer that the product or service can satisfy their demand and to establish long-term customer relationships.
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Following is partial information for Delamunte Industries for the month of August: Work In Process Balance, August 1 $ 41,000 Direct materials used 75,000 Direct labor 120,000 Manufacturing overhead applied (based on direct labor cost) 90,000 Jobs finished during August are summarized here: Job # Cost of Jobs Completed 234 $ 58,000 237 65,000 231 74,500 246 67,500 Required: At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $24,000. 1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. 2. Determine the balance in Work in Process at the end of August. 3. Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31
Answers
1. The calculation of the predetermined overhead rate applied to jobs during August is 75% of direct labor costs ($90,000/$120,000).
2. The balance in the Work in Process account at the end of August is $61,000.
3. The amounts of direct material cost and applied overhead recorded for Job 248 as of August 31 are $19,000 and $18,000, respectively.
Data and Calculations:Work In Process Balance, August 1 $ 41,000
Direct materials used 75,000
Direct labor 120,000
Manufacturing overhead applied (based on direct labor cost) 90,000
Total costs incurred = $326,000
Finished Jobs during August:Job # Cost of Jobs Completed
234 $ 58,000
237 65,000
231 74,500
246 67,500
Total costs of finished jobs = $265,000
Work in process balance = $61,000 ($326,000 - $265,000)
Job in Process: Job 248:Direct labor cost incurred = $24,000
Applied overhead = $18,000 ($24,000 x 0.75)
Direct materials = $19,000 ($61,000 - $24,000 - $18,000)
Thus, the work-in-process balance represents Job 248 (Direct labor $24,000, Direct materials $19,000, and Applied Overhead $18,000).
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Where should a user store frequently used icons on a computer?
Answers
Answer: they should be loaded on the tool bar
Explanation:
for quick and easy access
Is there one best “style” of management? Why or why not?
Answers
Answer: There is not, since a company adapts a style taking into account certain characteristics.
Explanation: Each company is different and because it is different, it adopts a culture that corresponds to its mission and vision. To say that there is a management style that can be the best would be to pigeonhole all companies and each one is different.
Management styles are adopted according to the culture of the company, which is created by it. Each style looks for something different and diversity is that there is the option to choose according to the needs and tastes of people.
Store
D
5
4
E
2
1
1
2 3 4
5 6
7
8
9
10
11
12x
-1
Apartment Buildings
If the company constructs 9 apartment buildings, the number of stores will be 34
If the company is producing at point C, the opportunity cost of building 3 more stores will be
5.11 apartment buildings.
Reset
Next
Answers
a. At the beginning of the year, Addison Company's assets are $176,000 and its equity is $132,000. During the year, assets
increase $80,000 and liabilities increase $59,000. What is the equity at year-end?
b. Office Store Company has assets equal to $224,000 and liabilities equal to $194,000 at year-end. What is the equity for
Office Store Company at year-end?
c. At the beginning of the year, Quaker Company's liabilities equal $69,000. During the year, assets increase by $60,000,
and at year-end assets equal $190,000. Liabilities decrease $18,000 during the year. What are the beginning and ending
amounts of equity?
Answers
At the beginning of the year, Addison Company's assets will be:
a. The equity at year-end will be $197,000.
b. The equity for Office Store Company at year-end will be $30,000.
c. The beginning and ending amounts of equity will be $103
What is assets?
Assets are items of value owned by an individual or an organization. Assets are divided into two categories: tangible and intangible. Tangible assets are physical in nature, such as cash, land, buildings, equipment, inventory, and investments. Intangible assets are non-physical, such as intellectual property, goodwill, copyrights, and trademarks. Assets can be used to measure the value of a business and its performance.
a. Equity at year-end = $176,000 + $80,000 - $59,000 = $197,000
b. Equity for Office Store Company at year-end = $224,000 - $194,000 = $30,000
c. Beginning equity = $69,000; Ending equity = $190,000 - $69,000 - $18,000 = $103
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The valuation of the cat food business is based on cash flows of $180,500 per year over a five year period. The target business has the same risk as the firm’s overall operations. The cost of equity is 15 percent and the cost of debt is 3 percent on an after-tax basis. The firm’s capital structure consists of 10 million in equity and 8 million in debt.
What is the most the pet-food manufacturer should pay for acquiring the cat food business per its required return (WACC)?
Answers
Answer: $690,044
Explanation:
First calculate WACC.
Total capital = 10 + 8 = $18 million
WACC = (Weight of debt * after-tax cost of debt) + (weight of equity * cost of equity)
= (8/18 * 3%) + (10/18 * 15%)
= 9.67%
Using the WACC, find the present value of the cashflows for the next 5 years. This will be an annuity.
= 180,500 * (1 - (1 + r) ^-n)/r
= 180,500 * ( 1 - ( 1 + 9.67%) ^ -5)/9.67%
= $690,044.67
= $690,044
They should pay no more than this present value.
How do you deal with your distraction
Answers
Answer:
Proven Strategies for Overcoming Distractions
Put yourself in distraction-free mode. ...
Set three main objectives every day. ...
Give yourself a shorter time frame. ...
Monitor your mind wandering. ...
Train your brain by making a game out of it. ...
Take on more challenging work. ...
Break the cycle of stress and distraction.
Answer:
sticking to a schedule and taking breaks and get away from the thing that distracts u
i also like to put music when im
doing my work so that it wont get boring
Explanation:
What is an example of the consideration of visual merchandising?
A.
online ads using negative space to emphasize text
B.
social media videos with contrasting, bright images
C.
sponsored search engine results being shown in bold
D.
kids’ cereal boxes shelved about four feet high
Answers
An example of the consideration of visual merchandising can be seen in the way that kids’ cereal boxes are shelved in grocery stores. This is an example of how visual merchandising can be used to create an emotional connection with customers and influence their purchasing decisions. The correct option is D.
Visual merchandising refers to the visual elements that are used to promote a product or service. This includes the design of the product packaging, displays, advertising, and other marketing materials. Visual merchandising is important because it can help to create a strong brand identity, increase customer engagement, and ultimately drive sales.
Other examples of visual merchandising might include online ads that use negative space to emphasize text, social media videos with contrasting, bright images, and sponsored search engine results that are shown in bold.
All of these strategies are designed to capture the attention of the customer and encourage them to take action, whether it's clicking on an ad or making a purchase in-store. By carefully considering the visual elements of their marketing strategy, businesses can create a powerful and effective message that resonates with their target audience. The correct option is D.
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Use the following data to determine the total dollar amount of assets to be
classified as property, plant, and equipment.
Koonce Office Supplies
Balance Sheet
December 31, 2014
Accounts payable
Salaries and wages payable
Mortgage payable
Total liabilities
$ 140,000
20,000
160,000
$320,000
Cash
$ 130,000
Accounts receivable
100,000
Inventory
110,000
Prepaid insurance
60,000
Stock investments
170,000
Land
180,000
Buildings
$210,000
Less: Accumulated
depreciation (40,000.) 170,000
Trademarks
140,000
Total assets
$1,060,000
Common stock
Retained earnings
Total stockholders' equity
Total liabilities and
stockholders' equity
$240,000
500,000
$740.000
$1,060,000
Answers
Answer:
=$350,000
Explanation:
Property, plant, and equipment are the tangible long-term fixed assets of a company. The total of PPE is the sum of all fixed long term assets minus accumulated depreciation.
There are fixed assets hence will appear on the asset side of the balance sheet. For Koonce Office Supplies, PPE will include
Land : $180,000
Buildings: $210,000
Total = $180,000 + $210,000
Total = $390,000
less accumulated depreciation
=$390,000 -$40,000
=$350,000
What is penetration pricing?
OA. The approach of lowering prices temporarily to gain market share
OB. Intentionaly not lowering prices below all competitors in order not
OC. A fairly standard retail markup in which the retailer's cost is
O D. When a business simply tries to bring in enough revenue to survive
to enter into price wars
doubled
the difficult period
Answers
Answer:
A. The approach of lowering prices temporarily to gain market share
Explanation:
Penetration pricing is a strategy that marketers use to quickly gains market share of a new product. The strategy involves lowering the price of new products to woe customers to buy. The lowering of the price is temporary. Marketers use this strategy to introduce a product as a pocket-friendly alternative.
Penetration pricing is used where a product will be in competition with other existing brands. After the product has gain market share, marketers may increase the price to make profits.
Answer:
A
Explanation:
Loudon Company has the following unit costs: direct materials $6, direct labor $3, variable overhead $2, fixed overhead $1. Under absorption costing, total unit cost is:
Answers
Based on the various costs incurred by Loudon Company, the total unit cost under absorption costing is $12.
What is the total cost?Under absorption costing, the fixed costs are ascribed to the units produced as well as the variable costs.
The total unit cost here is therefore:
= Direct materials + Direct labor + Variable overhead + Fixed overhead
= 6 + 3 + 2 + 1
= $12
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The budget of the federal government is dramatically different than it was 50 years ago. In what way is it different
Answers
Answer:
D
Explanation:
D. Mandatory spending has increased as the population has gotten older and the Social Security and Medicare programs have expanded.
The budget of the federal government is dramatically different than it was 50 years ago because of increase in discretionary spending due to the expansion of security.
What is a budget ?A government budget is a document created by the government and/or another political entity that details proposed spending for the upcoming fiscal year in the areas of healthcare, education, defense, roads, and state benefits as well as anticipated tax revenues (including inheritance tax, income tax, corporation tax, and import taxes).
According to the U.S. Constitution, Congress has the authority to enact a federal budget, which specifies how much money the government can spend during the ensuing fiscal year. The President then approves the budget proposed by Congress.
The budget outlines funding levels for the federal government as well as predictions of federal government revenue and expenditures for the upcoming fiscal year. On the basis of the president's recommendations and Congressional priorities, Congress must subsequently adopt appropriations legislation.
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elaborate the meaning of power relation
Answers
Answer:
Power relations refers to relationships in which one person has social-formative power over another, and is able to get the other person to do what they wish whether by compelling obedience or in some less compulsive and even a more subtle way.
Answer:Power relations refer to the social and political dynamics that exist within a society or between different groups of people, based on their relative ability to exert influence, control resources, and make decisions that affect others. In other words, power relations are about who has power and who doesn't, and how power is exercised in relationships between individuals, groups, and institutions.Power relations can manifest in various forms, including economic power (e.g., control over financial resources), political power (e.g., control over decision-making processes), social power (e.g., influence over social norms and values), and cultural power (e.g., control over the production and dissemination of cultural products).
Explanation:
One way to get people to pay attention to your presentation is to give them candy for answering questions about it. Please select the best answer from the choices provided T F
Answers
False.
Explanation:
While providing incentives like candy can potentially attract attention and engagement, it is important to consider the context and purpose of the presentation. Relying solely on extrinsic rewards like candy may undermine the goal of fostering genuine interest, understanding, and active participation from the audience. It is generally more effective to focus on creating compelling content, interactive activities, and clear communication to engage the audience.
Answer:
False
Explanation:
They will get distracted by the candy so it is false because they may not focus on what your presentation is saying.
In the Month of March, Chester received orders of 185 units at a price of $15.00 for their product City, and in April receives an order for 46 units of their product City at $15.00. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 0 units in March, 185 units in April and 46 units in May. They received payment for 185 units in April, and payment for 46 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)
Answers
$2775 revenue is recognized on the March income statement from this order.
What is accounting?
The financial statement of the transaction record is referred to as the accounting. In essence, the procedure locates and measures the record. The company has a well-organized financial and record-keeping system.
Chester sends out 185 units in April, compared to 0 in March. City charges $15.00 for their product. Chester uses the accrual method of accounting; for the months of March and April, respectively, no revenue was recognized $2775 (185 units × $15).
As a result, the accurate answer is the $2775.
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What are the general objectives of marketing research
Answers
Explanation:
The main objective of marketing research is to identify the needs, wants and demands of the target customer
2. Which aspect of professionalism do you feel that you are strongest at? Explain why you think so. (1-3 sentences. 2.0 points)
Answers
Answer:
I feel like my strongest aspect of professionalism would be communication. My career interests require lots of communication with customers. I would need to be able to communicate with the customer’s feelings and needs for whichever situation they are in and what they want to accomplish.
Explanation:
What is the cost of Goods sold Percentage using Material cost $135; Labor Cost; $125; Merchandise sells for $689?
Answers
The cost of goods sold percentage is 37.72% approximately.
The cost of goods sold (COGS) could be a budgetary bookkeeping term that alludes to the coordinated costs related to creating or fabricating an item or conveying a benefit. COGS incorporates all of the costs that are straightforwardly related to the generation or procurement of merchandise that is sold by trade, such as the cost of crude materials, labour, and overhead costs.
To calculate the total cost of production we have to add material cost and labour cost.
Material cost = $\(135\)
Labour cost = $\(125\)
Therefore, total cost = material cost + labour cost.
= $\(135\) + $\(125\)
= $\(260\)
Merchandise sells = $\(689\)
Cost of goods sold percentage = (total cost/ revenue) ×\(100\)%
= ($\(260\)÷ $\(689\)) × \(100\)%
= \(37.72%\)%
Therefore, cost of goods sold percentage is 37.72% approximately.
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The following information is for Redwood Inc. for the year ended December 31, 2016. Redwood had a cash and cash equivalents balance of $5,600 on January 1, 2016.
Cash Received from:
Customers $ 1,940
Interest on investments 220
Sale of land 120
Sale of common stock 640
Issuance of debt securities 2,040
Cash Paid for:
Interest on debt 320
Income tax 84
Debt principal reduction 1,540
Purchase of equipment 4,500
Purchase of inventory 1,000
Dividends on common stock 220
Operating expenses 520
Required:
Prepare a statement of cash flows for the year using the direct method for operating activities. (Amounts to be deducted should be indicated with a minus sign.)
Answers
Answer and Explanation:
The preparation of the cash flow statement using the direct method is presented below:
Redwood Inc.
Cash flow statement
For the year ended December 31, 2016
Cash flow from operating activities
Cash Received from Customers $1,940
Interest on investments $220
Less: Interest on debt -$320
Less: Income tax -$84
Less: Purchase of inventory -$1,000
Less: Operating expenses -$520
Net cash provided by operating activities $236
Cash flow from investing activities
Sale of land $120
Less: Purchase of equipment -$4,500
Net cash used by investing activities -$4,380
Cash flow from financing activities
Sale of common stock $640
Issuance of debt securities $2,040
Less: Debt principal reduction -$1,540
Less: Dividends on common stock -$220
Net cash provided by financing activities $920
Decrease in cash -$3,224
Add: Beginning cash balance $5,600
Ending cash balance $2,376
The items which shows in a positive sign indicates the cash inflow and the items which shows in a negative sign indicates the cash outflow and the same is to be considered
What happens if you only make the minimum payment on your credit card statements
Answers
Yes, you can maintain the use of your credit card by making only the Minimum Payment Due each month. However, there won't be an interest-free time and you'll have to pay exorbitant interest rates.
What takes place when you only pay the minimum amount. Even though it's crucial to make at least the minimum payment each month, it's not recommended to carry a credit card balance from month to month because you'll accrue interest fees (unless you're taking advantage of an introductory 0% APR) and run the danger of going into debt. A minimum payment won't lower your credit score by itself because you aren't skipping a payment.
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Which of the following applies to a marketing intermediary located in michigan who buys brand name toothpaste from 20 different manufacturers consolidates offerings and then needs the various brands of 500 supermarkets in Georgia?
Answers
Answer:
hey how are you have u eaten today <33333333
What is a good way to find a business
idea that'll put your talents and interests to
the best use?