Phoebe Duncan’s check register balance on November 30 was $984.09. Her November 30 bank statement showed a balance of$1,462.25. Checks outstanding were 207 for $298.12, 209 for$86.73, and 210 for $105.03. The bank service charge for November was$12.80 and the interest earned was $1.08. Reconcile Phoebe’s check register.
Answers
Checks that have not yet cleared the bank should be added back to the ending balance on the bank statement when generating a bank reconciliation.
How is the balance of past-due checks handled in the bank reconciliation statement?Any unpaid checks that haven't yet been cleared by the bank must continue to be listed on the unpaid checks section of the bank reconciliation. Any transit deposits that do not show up on the bank statement will still need to be reconciled, but the bank will need to be contacted for more information.
Do you add up or deduct past-due checks?These checks are known as outstanding checks, and they lead to an overstatement of the bank statement balance relative to the company's actual cash position. Due to the fact that unpaid checks have already been recorded as cash disbursements in the company's records, they must be deducted from the bank account.
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Related Questions
What will happen if you do not pay off your credit card balance each month?
Answers
If you do not pay your credit card invoice in any respect, you may likely get charged a late fee, lose your grace period, and need to pay interest at a penalty fee. Your credit rating may even pass down if you fall a minimum of 30 days behind on a credit score card bill fee.
Wearing a balance does not assist your credit score score, so it is always excellent to pay your balance in complete each month.
The effect of now not paying in full every month depends on how huge of stability you're wearing as compared to your credit restrictions.
Leaving stability will not assist your credit card ratings—it will just price you cash inside the shape of the interest. Wearing excessive stability for your credit cards has a bad impact on rankings as it will increase your credit utilization ratio.
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Why is Rent to Own a Rip Off?
Answers
Does decreasing the value of the local currency contributes in the increase of the economic growth rate
Answers
Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
Healthy Plants Ltd. (HP) produces its premium plant food in 50-pound bags. Demand for the product is 100,000 pounds per week. HP operates 50 weeks per year and can produce 250,000 pounds per week. The setup cost is $200, and the annual holding cost rate is $0.55 per bag. Currently, HP produces its premium plant food in batches of 1,000,000 pounds. Using the data provided in Problem 23, determine what will happen if HP uses the economic production quantity model to establish the quantity produced each cycle.
Answers
Based on the weekly demand, production capacity and holding cost, the EPQ must be 550,482.88 pounds or 11,009.66 bags.
The Economic Production Quantity can be found by the formula:
= √( ( 2 x Annual demand x Setup cost) / ( Annual holding cost per pound x ( 1 - Demand rate per week / Production rate) ) ) )
Annual demand = Demand per week x Number of weeks in HP year)
= 100,000 x 50
= 5,000,000
Annual holding cost per pound = Cost per bag / Number of pounds in bag
= 0.55 / 50 pounds
= $0.011 per pound
Economic Production Quantity = √( ( 2 x 5,000,000 x 200) / ( 0.011 x ( 1 - 100,000 / 250,000) ) ) )
= 550,481.88 pounds
In bags this is:
= 550,481.88 / 50 pounds per bag
= 11,009.66 bags
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The question is:
Calculate the economic production quantity (EPQ) in pounds and bags
in markets, prices move toward equilibrium because of
Answers
Answer:
"The market price moves toward equilibrium because of the actions of the buyers and sellers in the market. Suppose there is a surplus in the market which means that supply is more than the demand. ... Similarly, when there is a shortage and price increase and a new equilibrium is achieved."
Explanation:
Decide which statement best reflects a proper attitude on the first day of work. a. I should point out other workers who are not properly dressed. b. I should question business practices shown to me. c. I should listen closely when people talk to me. d. I should defend my ideas with rigor.
Answers
Answer:
c. I should listen closely when people talk to me
Explanation:
On one's first day of work, the goal would be to learn as much as possible about the new job. This is why it is important to listen closely to what people are saying so as to know more about the business
Answer:
c. I should listen closely when people talk to me
Explanation:
An innovative business idea that no one has never had
Answers
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
businesspeople in low-context cultures use e-mail more often than those in high-context cultures. true or false
Answers
Businesspeople in low-context cultures tend to use email more often than those in high-context cultures. The statement is True.
In communication studies, the concept of context refers to the level of explicitness and reliance on nonverbal cues in a particular culture's communication style.
Low-context cultures, such as those in North America and Western Europe, tend to place more emphasis on explicit, direct communication, including written communication like email.
In low-context cultures, communication tends to be more straightforward, concise, and relies less on implicit or nonverbal cues.
On the other hand, high-context cultures, such as those in Asia, Middle East, and Latin America, place more emphasis on implicit communication, which involves nonverbal cues, gestures, and contextual understanding.
In high-context cultures, face-to-face communication and personal relationships may be prioritized over written communication like email.
As a result, businesspeople in low-context cultures are more likely to use email as a primary mode of communication for professional purposes, while those in high-context cultures may rely more on face-to-face communication and other forms of indirect communication.
It is important to note that these are general tendencies and there may be variations and exceptions within cultures and individual preferences.
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Explain how the forms of demand supply will eliminate a market surplus
Answers
Answer and Explanation: 1
Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.
Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.The market attempts to resolve the surplus by pushing the price down until it is at its equilibrium. A lower price will reduce the quantity supplied and increase the quantity demanded.
If you were the CEO of a company that was looking to implement strategies to fill a perceived strategic-planning gap, you would most likely explore ____ strategy first because it is easier to improve an existing business than to build a new one.
Answers
The strategy of market-penetration will be employed because it is helps to improve an existing business than to build a new one.
What is market-penetration?The strategy of market penetration is used for a product or service in the existing market to build a larger customer base, increase market sales etc
In conclusion, the strategy of market-penetration will be employed because it is helps to improve an existing business than to build a new one.
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Mary loves to collect stickers. She has 7 sticker books. Each book has 87 stickers. What is a reasonable estimate for the total number of stickers? PLEASE I NEED HELP
Answers
Based on the number of sticker books that Mary has, a reasonable estimate for the total number of stickers is 609 stickers
How many stickers in total?There are 7 books for stickers that Mary has to collect the stickers she loves.
Each of the books holds around 87 stickers. The total number of stickers that Mary has as a reasonable estimate is:
= Number of sticker books x Number of stickers per book
Solving gives:
= 7 x 87
= 609 stickers
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Describe factors that encourage conspicuous
consumption by the purchase of status sym-
bols.
Answers
Veblen's initial thesis said that better social standing and peer recognition were the two key factors influencing ostentatious consumption.
Conspicuous consumerism is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly exhibited products and services are too expensive for other people in a person's class, conspicuous spending is a way to demonstrate one's social position.
What is the conspicuous consumerism theory?
Conspicuous consumption is defined as. Displaying extravagant riches in order to improve one's standing and reputation in society is known as conspicuous spending.To Learn more about conspicuous consumption, click the links
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Which accurately describe differences between debit and credit cards.
Answers
Answer:
I did some research, and a debit card is a card that allows you to spend money on something that you got from the bank. Credit card is a card that allows you to borrow money from the card issuer. A credit card issuer is a bank or credit union that provides a credit card directly to the user. Kinda like a consumer. Anyways a credit card allow you to borrow money from the card issuer up to a certain limit in order to purchase items or withdraw cash. I didnt go of anyones word. All I did was do a little research, and this is what I found.
Hope this helps :)
Explanation:
University of the Southern Caribbean have been considering to construct two extension sites in other Caribbean Islands. After they reviewed and analysed several proposals, the options were narrowed down to two possible extension sites. The St. Lucia extension site is estimated to cost $950,000 with an expected cost of capital to be 10%. Grenada’s extension site is closer to Trinidad so the cost is anticipated to be $750,000 with a cost of capital of 12%. The anticipated net cash inflows for the next 6 years are projected below.
Years St. Lucia Extension Site Grenada Extension Site
1 230,000 230,000
2 228,000 280,000
3 278,000 295,000
4 283,000 180,000
5 273,000 200,000
6 280,000 150,000
Requirements:
1. USC would like the payback period to be by year 4 for the latest. Based on that, which investment would you recommend and if they both meet the criteria, rank them.
2. USC has $1,750,000 available for the projects. Use the NPV method for the basis of your recommendation.
3. Make an overall recommendation after reviewing both the payback and NPV methods.
Answers
Answer:
a. Payback period method works by finding out if the investment will payback its initial investment within a certain period.
Payback period is a maximum of 4, find out which investment paid back in 4 years:
St Lucia:
= Cash flows for first 4 years - initial investment
= 230,000 + 228,000 + 278,000 + 283,000 - 950,000
= $69,000
Payback period = Year before payback + (Amount left for payback / Cashflow in payback year)
= 3 + ( (950,000 - 230,000 + 228,000 + 278,000) / 283,000)
= 3.76 years
Granada:
Payback period = Year before payback + (Amount left for payback / Cashflow in payback year)
= 2 + ( ( 750,000 - 230,000 - 280,000) / 295,000)
= 2.81 years
Both of them meet criteria but Granada site has lower payback period of 2.81 years so should rank higher than St. Lucia site.
2. St Lucia NPV:
= (230,000 / (1 + 10%)) + (228,000 / (1 + 10%)²) + (278,000 / (1 + 10%)³) + (283,000 / (1 + 10%)⁴) + (273,000 / (1 + 10%)⁵) + (280,000 / (1 + 10%)⁶) - 950,000
= $177,243
Granada NPV:
= (230,000 / (1 + 12%)) + (280,000 / (1 + 12%)²) + (295,000 / (1 + 12%)³) + (180,000 / (1 + 12%)⁴) + (200,000 / (1 + 12%)⁵) + (150,000 / (1 + 12%)⁶) - 750,000
= $192,420
USC has enough money to fund both projects and so should embark on both of them as they both bring in a positive Net Present Value.
3. On the basis of both the Payback period and the NPV, the Granada site performs better than the St. Lucia so if USC does not have enough money for both projects, they should invest in the Granada project.
Question 15 of 20
A business that wants to increase productivity for its main product needs to:
Answers
Discover the response to your inquiry. A company that wishes to boost production by investing in equipment that makes it easier to produce more products...
Why is it called a company?
Discover the response to your inquiry. A company that wishes to boost production by investing in equipment that makes it easier to produce more products... Etymology. The Old French word compagnie, which first appeared in the Salic law (c. 1150) and meant "society, companionship, intimacy; body of troops," is where the English word "company" derives from. Companio originally derived from Late Latin and meant "one who eats bread with you." types of businesses Any business created in accordance with the 2013 Companies Act is referred to as a "company."
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Match the types of goods with their characteristics regarding exclusivity and rivalry. The task is to match the lettered items with the correct numbered items. Appearing below is a list of lettered items. Following that is a list of numbered items. Each numbered item is followed by a drop-down. Select the letter in the drop down that best matches the numbered item with the lettered alternatives. a. It can be exclusive or not It can be rival or not b. It is exclusive It is rival c. It is nonexcusive It is nonrival 1. Semiprivate Goods and Services a 2. Private Goods and Services a 3. Public Goods and Services
Answers
Answer:
1. Excludability
2. Rivalry in Consumption
3. 4 Different Types of Goods
4. Private Goods
Explanation:
Mangelo restaurant had liabilities with a carrying value of $425,000 and fair value of $600,000. How should mangelo report these liabilities on the balance sheet?.
Answers
Liabilities should be reported by Mangelo at carrying value and the fair value of the liabilities should be included in a remark to the financial statements.
What are financial statements?
Financial statements are official records of the financial activities and position of a company, an individual, or another entity (also known as financial reports). Financial statements serve as a resource for a variety of users who need to make financial decisions by providing information on an organization's financial situation, performance, and changes in financial position. An organization's financial status is directly impacted by the stated assets, liabilities, equity, revenue, and expenses. Though rules differ from country to country, an audit of a public company's financial statements is often required for investment, financing, and tax reasons. These responsibilities are typically performed by independent accounting firms or auditing firms.
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What is the relationship between risk of material misstatement and detection risk?
Answers
The relationship between the risk of Material misstatements and detection risk is inverse. Material misstatements may arise due to fraud or mistake, and detection risk is the risk that an auditor's procedures will not reveal such misstatements.
As the risk of material misstatement increases, the detection risk decreases. As the risk of material misstatement declines, the detection risk increases.The concept of risk assessment is used to assess risk. Risk assessment is a procedure used to evaluate the risks of financial statement errors and plan the scope of the audit. The procedure involves the following steps:
Understand the company's business environment, controls, and risks. Assess the risk of material misstatement (RMM).Assess detection risk (DR).Create an audit plan that is tailored to the assessed risks. Detection risk is inversely linked to the risk of material misstatement. This indicates that as detection risk increases, the risk of material misstatement decreases, and vice versa. Detection risk may be regulated by an auditor in order to meet the required level of audit assurance.
A low level of detection risk is appropriate for high RMM audits. As a result, audit procedures will be more thorough, and the auditor will spend more time verifying the financial statements to ensure that any misstatements are detected.
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Instead of spending the weekend working on the research paper due at the end of next week sam decided to spend the weekend going out to have fun with friends according to freudian theory which system dominated in sams decisions
Answers
Answer:
the id
Explanation:
In simple words, the id can be understood as the root of all psychological bravery, as per Freud 's philosophy, rendering it the essential component of identity. The ID is motivated by the concept of immediate satisfaction of all wishes, desires and desires. If these needs are not immediately fulfilled, the effect is a state of discomfort or stress.
Thus, from the above we can conclude that the correct answer is the id.
Hey Yall I am giving 100 points away and a brainliest!!!!!!!!!!!!
Answers
Answer:
tysm
Explanation:
Answer:
ty
Explanation:
By the monetary unit assumption, how would an accountant view the promotion of good morale in business?
A. as something useful
B. as something important
C. as something useless
D. as something necessary
Answers
By the monetary unit assumption, an accountant would view the promotion of good morale in business as something useless. Thus, option 'C' is the correct option.
What is a monetary unit assumption?According to the monetary unit assumption, the dollar's stability should allow for the addition of dollars from various years without the need for any adjustments. The monetary unit assumption is invalidated when the dollar's value changes significantly over time. The fact that U.S. accountants record a corporation's assets as dollar quantities is another aspect of the monetary unit assumption (rather than reporting details of all of the assets).
An asset cannot be recorded in a general ledger account if it cannot be valued in dollars. A particularly successful company's management staff, for instance, can be its most important resource. The accountant, however, is unable to accurately translate those gifted individuals into US dollars.
Therefore, option 'C' is the correct option.
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By the monetary unit assumption an accountant view the promotion of good morale in business as something useless. Option (c) is correct.
What do you mean by Promotion?The term "promotion" covers a wide range of activities designed to increase public awareness or advance a product. Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure.
Companies must only include transaction data that can be stated in terms of money in their accounting records because of the monetary unit assumption. The economic entity assumption mandates that each economic entity's operations be maintained distinct from those of its owner(s) and other economic entities.
Therefore, Option (c) is correct. By the monetary unit assumption an accountant view the promotion of good morale in business as something useless.
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In equilibrium, with diminishing marginal products, the slope of the ppf is equal to?
Answers
Answer:
the ratio of prices for the products, the slope of the highest possible indifference curve, and the ratio of the marginal products of labor
Explanation:
In equilibrium, with diminishing marginal products, the slope of the PPF is equal to the ratio of prices for the products, the slope of the highest possible indifference curve, and the ratio of the marginal products of labor. Thus, option D is correct.
An economic principle that managers frequently take into account while managing productivity is the law of diminishing marginal productivity. The general idea is that advantages gained from small improvements on the input side of the production equation will only advance somewhat per unit and may level off or even diminish after a certain point.
With marginal gains in output return per unit generated, the law of declining marginal productivity is involved. There are several names for it, including the law of diminishing marginal product and the law of diminishing marginal return.
It is consistent with the majority of economic theories that employ marginal analysis. In economics, marginal increases are frequently seen, demonstrating a declining rate of pleasure or gain from increasing units of consumption or output.
Therefore, option D is the ideal selection.
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Your question seems to be incomplete, but most probably the complete question was:
In equilibrium, with diminishing marginal products, the slope of the PPF is equal to:
A
the ratio of prices for the products
B
the slope of the highest possible indifference curve
C
the ratio of the marginal products of labor
D
the ratio of prices for the products, the slope of the highest possible indifference curve, and the ratio of the marginal products of labor
Which of the following types of insurance policies would perform the function of cash accumulation?
A. Credit life
B. Increasing term
C. Whole life
D. Term life
Answers
The type of insurance policy that would perform the function of cash accumulation is C, whole life insurance.
Whole life insurance is a type of permanent life insurance that provides both a death benefit and a savings component. A portion of the premiums paid are allocated towards a cash value account, which accumulates over time and earns interest on a tax-deferred basis. The policyholder can borrow against the cash value or even surrender the policy for its cash value. This cash accumulation feature makes whole life insurance a popular choice for those who want both protection for their loved ones and a way to save for the future. On the other hand, credit life insurance is designed to pay off a specific debt if the insured dies before the debt is repaid. Increasing term insurance provides a death benefit that increases over time, but does not accumulate cash value. Lastly, term life insurance is a type of temporary coverage that does not include a savings component.
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It is a good idea to pursue courses that can assist you in your career path. True or False
Answers
Answer: True
Explanation: because your going to follow the path you want
PLSS ASAP HELLPP How many of the colonists of Jamestown died before they made it to shore, due to the difficult voyage? WILL GIVE BRAILYEST
half
almost all
one third
none
Answers
Answer:
almost all
Explanation:
From around 500 people that boarded the ships heading to the colony, only around 60 people survived the journey. This means that the death rate is more than 80%.
Several factors contributed to this death. Miscalculations of supply made some of them died of hunger in the middle of the journey. A lot of them died from the diseases that infected them on the ship. Since they're stocked in the middle of nowhere, they couldn't find a proper medical help to treat them.
Delicious Foods manufactures various types of ice cream that feature pistachios. Foodie Company has approached Delicious Foods with a proposal to sell the company its top selling ice cream at a price of $22,000 for 10,000 pounds. The costs shown are associated with production of 10,000 pounds of ice cream:
Cost Information
Cost Type Costs
Direct Materials $13,000
Direct Labor $5,000
Variable Overhead $5,000
Fixed Overhead $2,000
No fixed overhead costs are avoidable. If Delicious Foods accepts the offer, by how much will net income increase (decrease)?
Group of answer choices
$2,000
$1,000
$3,000
$(3,000)
($7,000)
Answers
The Net Income increase by $(3,000).
Explanation:
To determine the net income increase (or decrease) if Delicious Foods accepts the offer from Foodie Company, we need to analyze the costs associated with the production of 10,000 pounds of ice cream and compare it with the proposed selling price. Here's a step-by-step explanation:
1. Calculate the total production cost, which includes direct materials, direct labor, variable overhead, and fixed overhead costs:
Direct Materials: $13,000
Direct Labor: $5,000
Variable Overhead: $5,000
Fixed Overhead: $2,000
Total Production Cost = $13,000 + $5,000 + $5,000 + $2,000 = $25,000
2. Compare the total production cost with the proposed selling price:
Selling Price: $22,000
Total Production Cost: $25,000
3. Calculate the net income increase (or decrease):
Net Income Change = Selling Price - Total Production Cost
Net Income Change = $22,000 - $25,000
Net Income Change = - $3,000
If Delicious Foods accepts the offer, the net income will decrease by $3,000. So, the answer is:
($3,000)
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In an attempt to increase sales, JCPenney has increased its advertising and sales promotions in its current markets, hoping to attract new customers and get existing customers in the doors. Which growth strategy is JCPenney employing
Answers
Answer: Market penetration
Explanation:
Market penetration can be defined as the comparison of the assessment of how much product has been sold relative to the total market has been estimated to be covered for that particular product. It is expressed in percentage. The market penetration can be enhanced by increasing the advertisement of the product and promoting the sales.
Hence, market penetration is the growth strategy, which JC Penney is applying.
A 4.0%, 20-yearTreasury bond was issued on 6/17/2016. On
10/10/2023, an investor sells $3,000,000 in par value at a quoted
price of 103.117. What is the bond’s YTM on 10/10/2023?
Answers
The YTM of a bond refers to the yield of a bond that an investor will earn if he or she holds the bond until it reaches its maturity date. It is also known as the bond's "internal rate of return."In this question, a 4.0%, 20-year Treasury bond was issued on 6/17/2016 with a price of 103.117. The question asks for the bond's YTM on 10/10/2023.
To calculate the bond's YTM, we can use the following formula:$$103.117 = \frac{40}{(1 + \frac{YTM}{2})^{40}} + \frac{40}{(1 + \frac{YTM}{2})^{39}} + \frac{40}{(1 + \frac{YTM}{2})^{38}} + \cdots + \frac{40}{(1 + \frac{YTM}{2})^2} + \frac{1,040}{(1 + \frac{YTM}{2})^{20}}$$where 40 is the semiannual coupon payment, and the bond pays coupon payments twice a year, and 1,040 is the face value of the bond. The YTM is the interest rate that we want to find out.Solving this equation, we can get that the bond's YTM on 10/10/2023 is 2.735%. Therefore, the answer is: 2.735%.
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Odell and Stephany created economic models to examine the impact of a new tax policy on the economy. When they created their respective economic models, they used different assumptions to simplify the economy. Odell and Stephany will likely:
Answers
Odell and Stephany are likely to give conflicting advice to policy makers.
What is an economic model?These are the models that are used to describe reality based on the economic behaviors that have been tested.
The question here says that the both of them used different assumptions in the analysis that they did.
This may cause them to give conflicting advices because they would give the advices based on the assumptions that they have.
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What accounts are affected. issued check $644 to pay for an advertisement
Answers
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected