A company's bank statement shows a cash balance of $4,210. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,100, NSF check of $230, interest earned of $36, service fee of $46, and a check for $180 recorded twice by the company. Calculate the correct balance of cash?

Answer:

Explanation:

Based on the information that have been provided in the question above, the correct balance of cash will be calculated as the difference between the bank balance that was shown in the bank statement and the checks that was outstanding. This will be:

= $4210 - $2100

= $2110

Therefore, the correct balance of cash will be $2110.

The ___________ ____ __________ Endorsement area includes a variety of specialization areas within the world of work such as Agriculture, Food and Natural Resources; Architecture and Construction; Arts A/V Technology and Communications; Business Management and Administration; Marketing, Sales and Service; Finance, Hospitality and Tourism; Information Technology; Manufacturing and Transportation and Distribution.

a. Science, Technology, Engineering,m & Mathematics
b. Business & Industry
c. Arts & Humanities
d. Public Services

The wholesale cost of a video game is $459.45. The original markup was 51% based on selling price. Find the final sale price after the following series of price changes: a markup of 24%, a markup of 17%, and a markdown of 10%.

The May transactions of Hanschu Corporation were as follows.

May 4 Paid $600 due for supplies previously purchased on account.
7 Performed advisory services on account for $6,500.
8 Purchased supplies for $800 on account.
9 Purchased equipment for $1,000 in cash.
17 Paid employees $500 in cash.
22 Received bill for equipment repairs of $800.
29 Paid $1,100 for 12 months of insurance policy. Coverage begins June 1.

Required:
Journalize the transactions.

Marigold Company discovered the following errors made in January 2022.
1. A payment of Salaries and Wages Expense of $900 was debited to Equipment and credited to Cash, both for $900.
2. A collection of $6,500 from a client on account was debited to Cash $650 and credited to Service Revenue $650.
3. The purchase of equipment on account for $510 was debited to Equipment $150 and credited to Accounts Payable $150.
A. Correct the errors by reversing the incorrect entry and preparing the correct entry.
B. Correct the errors without reversing the incorrect entry.
Account Titles Debit Credit
1. Salaries And Wages Expense 700
Equipment 700
2. Cash 1000
Service Revenue 100
Accounts Receivable 100
3. Equipment 335
Accounts Payable 335

Creative Images Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Creative Images Co.:
Violet Lozano, Capital $930,000
Violet Lozano, Drawing 12,000
Fees Earned 694,400
Wages Expense 471,000
Rent Expense 69,500
Supplies Expense 11,100
Miscellaneous Expense 14,900
Required: Journalize the two entries required to close the accounts.
Post-Closing Trial Balance
An accountant prepared the following post-closing trial balance:
La Casa Services Co.
Post-Closing Trial Balance
March 31, 20Y6
Debit Balances Credit Balances
Cash 12,700
Accounts Receivable 28,190
Supplies 1,780
Equipment 125,600
Accumulated Depreciation 41,910
Accounts Payable 15,240
Salaries Payable 1,400
Unearned Rent 5,720
Sonya Flynn, Capital 104,000
207,760 128,780
Prepare a corrected post-closing trial balance.

Help please! Business questions

Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2021. The bonds sold for $739,814,813 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 12%. Interest is paid semiannually on June 30 and December 31. Required: 1. to 3. Prepare the journal entries to record their issuance by Federal on January 1, 2021, interest on June 30, 2021 (at the effective rate) and interest on December 31, 2021 (at the effective rate). 4. At what amount will Federal report the bonds among its liabilities in the December 31, 2021, balance sheet

The Acmeville Metropolitan Bus Service currently charges $0.67 for an all-day ticket, and has an average of 513 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. They must therefore find a way to increase revenues. The bus company is considering increasing the ticket price to $ 0.78. The marketing department's studies indicate this price increase would reduce usage to 249 riders per day. Calculate the absolute value of the price elasticity of demand for bus tickets using the simple percentage change method.
A. Demand is inelastic, so decreasing ticket prices w ncreaSe revenue.
B. Demand is inelastic, so increasing ticket prices will increase revenue.
C. Demand is elastic, so increasing ticket prices will increase revenue.
D. Demand is elastic, so decreasing ticket prices will increase revenue.

A local manufacturing business has announced that it will be closing its factory in your area and opening a new factory outside of the US. In one or more fully formed paragraphs, weigh the advantages and disadvantages of this action to your community, the business, and/or the global economy. Identify at least three advantages and three disadvantages. Do you support this change

The Fisher equation tells us that the real interest rate approximately equals the nominal rate minus the inflation rate. Suppose the inflation rate increases from 3% to 5%. Does the Fisher equation imply that this increase will result in a fall in the real rate of interest

The Manda Panda Company uses the allowance method to account for bad debts. At the beginning of 2018, the allowance account had a credit balance of $96,950. Credit sales for 2018 totaled $3,150,000 and the year-end accounts receivable balance was $537,500. During this year, $94,250 in receivables were determined to be uncollectible. Manda Panda anticipates that 3% of all credit sales will ultimately become uncollectible. The fiscal year ends on December 31.

Required:
a. Does this situation describe a loss contingency? Explain.
b. What is the bad debt expense that Manda Panda should report in its 2018 income statement?
c. Prepare the appropriate journal entry to record the contingency.
d. What is the net realizable value (book value) Manda Panda should report in its 2018 balance sheet?

Countryside Corporation provides $6,000 worth of lawn care on account during the month. Experience suggests that about 2% of net credit sales will not be collected. In conformity with the expense recognition principle, the company should:

Can someone help me with this ?

The Green Machine Manufacturing Company has the option to make or buy a component part for one of its lawnmowers. The annual requirement is 15,000 units. A supplier is able to supply the parts for $17.25 per piece. Green Machine estimates that it will cost $2,100 to prepare the contract with the supplier. To make the parts in-house, Green Machine must invest $100,000 in capital equipment. They estimate it will cost $11.00 per piece to produce the part in-house.
1) What is the breakeven quantity?
A) Less than or equal to 30,000
B) Greater than 30,000 but less than or equal to 35,000
C) Greater than 35000 but less than or equal to 40,000
D) Greater than 40,000 but less than or equal to 45,000
E) Greater than 45,000
2) What is the total cost at the breakeven point?
A) Less than or equal to $365,000
B) Greater than $365,000 but less than or equal to $370,000
C) Greater than $370,000 but less than or equal to $375,000
D) Greater than $375,000
3) If the demand is 25,000 units, should Green Machine make or buy the part?
A) Buy the part
B) Make the part
C) Both
D) Neither
E) Not enough information
4) What is the cost savings from making the correct decision?
A) Less than or equal to $20,000
B) Greater than $20,000 but less than or equal to $25,000
C) Greater than $25,000 but less than or equal to $30,000
D) Greater than $30,000 but less than or equal to $35,000
E) Greater than $35,000

All financial statements:_________
a) help to evaluate what happened in the past.
b) provide a picture of the company at a moment in time.
c) describe changes that took place over a period of time.
d) contain the most up to date information about the company.

Brooke has a sign company. She creates colorful signs for birthday parties that can be placed outside of the front door to announce a birthday or welcome birthday party guests. She only advertises on social media. Customers go to her website and place an order, and Brooke delivers a hand-painted sign. Brooke uses social media for all of the following reasons EXCEPT _______.

a. she can respond to requests for birthday events in real time.
b. she can use local network television affiliates to push her message out to a mass audience.
c. she can establish meaningful connections with customers and get references
d. she can engage customers in their products and services

2. Marginal analysis is sometimes called "thinking on the

Nittany Company borrowed $60,000 from Lion Corporation on September 1, 2018 signing a 9-month payable with an interest rate of 3%. Nittany Co operates on a calendar year basis and is preparing its year-end financial statements In preparing its Income Statement for 2018, what amount of Interest Expense should Nittany Co. report from this note payable

2. Meatball Corporation, a merchandising company, reported the following results for June. Number of units sold 6,700 Selling price per unit $600 Unit cost of goods sold $419 Variable selling expense per unit $62 Variable administrative expense per unit $30 Total fixed selling expense $126,200 Total fixed administrative expense $208,100 *Cost of goods sold is a variable cost in this company. 1) Prepare a traditional income statement for June.

On an automotive assembly line, Naif Marrot checks to make sure that recently painted car bodies are free of paint bubbles. Other people are assigned the task of seeing that other parts of the car are built to specifications. The task of building an automobile has been subdivided into a series of subtasks. The concepts of _____
have been employed in this situation.

(A) decentralization and unity of command

(B) product design and structured manufacturing

(C) functionalism and specialization

(D) centralization and product departmentalization

(E) specialization and division of labor

The President is considering the following policies, each of which is aimed at reducing violent crime byreducing the use of guns. In your report, illustrate each of these proposed policies in a supply-and-demanddiagram of the gun market, and explain whether the policy will have the desired effect on the gun market.
1. a tax on gun buyers
2. a tax on gun sellers
3. a price floor on guns
4. a tax on ammunition

A major argument of the podcast is that corporations have the power to change their employee's behaviors and even how they see the world, and that's how they can achieve social change- at a grassroots level. How does this relate to your own understanding of business ethics, and do you think it makes sense to look at corporate's capacity for global change at this level? Why or why not?

Which of these are functions of an entrepreneur?
providing loans to small and large businesses
providing services to the society without any goals to earn profits
offering value to consumers through products and services
contributing to the government’s revenue in the form of taxes

Which of the following statements are true?

a. Markets by definition involve the exchange of money for goods and services.
b. Markets are forums in which parties exchange goods and services at a "price," where the latter can be flexibly construed.
c. Your current economics course, the next election, and the dating scene can all be seen as markets.

Choose the three primary ledgers used in double-entry bookkeeping?

Accounts payable ledger*
Accounts receivable ledger
Bookkeeping software
General ledger
The chart of accounts
Journals

Toyna Recruitz is an organization that allows its employees to work from home. Most of the interaction between the employees and the organization takes place through email. Moreover, the organization is able to maintain increased employee performance and satisfaction. Identify the work option offered by Toyna Recruitz to its employees.

Cool Beans is a locally owned coffeeshop that competes with two large coffee chains, PlanetEuro and Frothies. Alicia, the owner, is considering two different marketing promotions and thinks that CLV analysis will help her decide the best course of action. An average specialty coffee drink sells for $3.40 and has a margin of 65%. One promotion is providing loyalty cards to her regular customers that would give them one free specialty coffee drink after 10 regular purchases. Alicia estimates that this will increase the frequency of their purchases by 13%. Currently, her customers average buying 2 specialty drinks per week. The second promotion is targeted at new customers. She would offer a free specialty drink to incoming college freshmen by providing a coupon with their orientation packages. Because of her location near the college, she expects that 550 students will come to Cool Beans for a free trial. Of those, she anticipates that 18% will become regular customers who will purchase at least one specialty drink each week. The cost of printing and distributing the coupons is $115.
What is the CLV of a customer over the time horizon of one year prior to introduction of the loyalty program?

Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the total outstanding stock of 9,000 shares and is the managing executive in charge. On December 31, the following financial items for the entire year were determined: sales revenue, $166,000; salaries and wages expense, $97,000; interest expense, $6,300; advertising expenses, $9,025; and income tax expense, $18,500. Also during the year, the company declared and paid the owners dividends amounting to $12,000.

Required:
Prepare the company’s income statement.

As soon as products are completed, their product costs are transferred from Raw Materials Inventory to Finished-Goods Inventory. True False

Your parents will retire in 14 years. They currently have $290,000, and they think they will need $1 million at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Do not round intermediate calculations. Round your answer to two decimal places.