subject
Business, 16.10.2019 16:20 brandyrushing3

Wright company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at the close of business on may 31. the may 31 bank statement lists $110 in bank service charges; the company has not yet recorded the cost of these services. outstanding checks as of may 31 total $5,700. may 31 cash receipts of $6,300 were placed in the bank’s night depository after banking hours and were not recorded on the may 31 bank statement. in reviewing the bank statement, a $410 check written by smith company was mistakenly drawn against wright’s account. the bank statement shows a $580 nsf check from a customer; the company has not yet recorded this nsf check. prepare its bank reconciliation using the above information.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 03:20
The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out
Answers: 1
question
Business, 22.06.2019 04:30
The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?
Answers: 3
question
Business, 22.06.2019 11:40
If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.
Answers: 2
question
Business, 22.06.2019 13:10
Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.
Answers: 3
You know the right answer?
Wright company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on...
Questions
question
Mathematics, 15.12.2021 14:00
question
English, 15.12.2021 14:00
question
Mathematics, 15.12.2021 14:00
Questions on the website: 13722359