Michelle Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records.

June 30 Bank Reconciliation
Balance per bank $36,400
Add: Deposits in transit 8,008
Deduct: Outstanding checks (10,400)
Balance per books $34,008

Month of July Results
Per Bank Per Books
Balance July 31 $44,980 $48,100
July deposits 23,400 30,212
July checks 20,800 16,120
July note collected (not included in July deposits) 7,800
July bank service charge 78
July NSF check from a customer, returned by the-
bank (recorded by the bank as a charge) 1,742

Required:
Prepare a bank reconciliation going from the balance per bank and balance per book to the correct cash balance.

Josie, an unmarried taxpayer, has $155,000 in salary, $10,000 in income from a passive investment in a limited partnership, and a $26,000 passive loss from a real estate rental activity in which she actively participates. if her modified adjusted gross income is $155,000, how much of the $26,000 loss is deductible

Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.

Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.