a. The August 31 balance shown on the bank statement is $9,799.
b. There is a deposit in transit of $1,247 at August 31.
c. Outstanding checks at August 31 totaled $1,870.
d. Interest credited to the account during August but not recorded on the company's books amounted to $115.
e. A bank charge of $37 for checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived.
f. In the process of reviewing the canceled checks, it was determined that a check issued to a supplier in payment of accounts payable of $625 had been recorded as a disbursement of $367.
g. The August 31 balance in the general ledger Cash account, before reconciliation, is $9,356.

Required:
Prepare the adjusting journal entry that should be prepared to reflect the reconciling items.

Answers

Answer 1

Answer:

Part a.

No entry

Part b.

Debit  : Deposits in Transit $1,247

Credit : Bank Reconciliation Statement $1,247

Increase the Bank Statement Balance

Part c.

Debit  : Bank Reconciliation Statement $1,247

Credit : Out Standing Checks $1,870

Decrease the Bank Statement Balance

Part d.

Debit  : Cash $115

Credit : Interest received $115

Interest credited in Bank Statement not recorded

Part e.

Debit  : Bank Charges $37

Credit : Cash $37

Recording of Bank Charges in the Books

Part f.

Debit  : Accounts Payable $258

Credit : Cash $258

Payment to Supplier understated by $258

Part d.

No entry

Explanation:

Corrections and Adjustments may be either to correct the Cash Book or the Bank Statement Balance as above.


Related Questions

Please help!
Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are common work contexts for Film and Video Editors? Check all that apply.

(1) extremely bright or inadequate lighting
(2) spend time sitting
(3) exposed to disease or infections
(4) indoors, environmentally controlled
(5) face-to-face discussions
(6) deal with physically aggressive people

Answers

Answer:

BCD is wrong on Edge 2021.| The real Answer is BDE... (Edit)

Explanation:

Using resources from comments on the anwser above (or below) and the bad rating meant that is was wrong. And was also wrong for me.

The REAL ANWSER IS BDE..

Your welcome, have a nice day!

5/28/2021

define private equity funds.​

Answers

Answer:

keeping it private and not letting anyone find. out about it or keepin it from people

yep what he said atop.

Make a simple poem regarding the learning’s that you acquired in managing the finances. (4 Stanzas only with rhyme and with no meter)

Answers

Answer:

My net worth is my assets less my liabilities

I should therefore not spend above my capabilities

Pay off the debt required and then a little more

That way I can have, a great credit score

Like everything else, I must plan my finances

Create a budget and include my expenses

And make space for an emergency fund

So on rainy days I don't find myself cashless and hamstrung

Its important to remember that I won't work forever

I should therefore set something aside, to fall back on

When I'm too old and grey to embark on strenuous endeavor

I'll be well taken care of because I remembered my pension

And I shouldn't forget, to keep a proper record

Get educated in a financially sound method

That way I can know what comes in and what goes out

I'll be sure of my situation and leave room for no doubt

On January 1, 20X7, Poke Corporation acquired 25 percent of the outstanding shares of Shove Corporation for $100,000 cash. Shove Company reported net income of $75,000 and paid dividends of $30,000 for both 20X7 and 20X8. The fair value of shares held by Poke was $110,000 and $105,000 on December 31, 20X7 and 20X8 respectively. Based on the preceding information, what amount will be reported by Poke as income from its investment in Shove for 20X8, if it used the equity method of accounting

Answers

Answer:

$18,750

Explanation:

Income from investment = 25% * $75,000

Income from investment = 0.25 * $75,000

Income from investment = $18,750

The amount that will be reported by Poke as income from its investment in Shove for 20X8, if it used the equity method of accounting is $18,750

Denver Systems has total assets of $1,000,000; common equity of $400,000; a gross profit of $800,000; total operating expenses of $620,000; interest expense of $20,000; income taxes of $74,000; and preferred dividends of $30,000. What is Denver Systems' return on equity

Answers

Answer:

See

Explanation:

The following transactions occur for Cardinal Music Academy during the month of October: a. Provide music lessons to students for $9,000 cash. b. Purchase prepaid insurance to protect musical equipment over the next year for $3,240 cash. c. Purchase musical equipment for $12,000 cash. d. Obtain a loan from a bank by signing a note for $14,000. Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment, Notes Payable, and Service Revenue.

Answers

Answer:

Part a

Debit : Cash $9,000

Credit : Service Revenue $9,000

Part b

Debit : Prepaid Insurance $3,240

Credit : Cash $3,240

Part c

Debit : Equipment $12,000

Credit : Cash $12,000

Part d

Debit : Cash $14,000

Credit : Loan Payable $14,000

Explanation:

Step 1 : Identify the Accounts affected in each and every transaction.

Step 2: Then determine if this Account is increasing or decreasing.

Step 3 :The journal entries have been prepared above.

During April, the first production department of a process manufacturing system completed its work on 330,000 units of a product and transferred them to the next department. Of these transferred units, 66,000 were in process in the production department at the beginning of April and 264,000 were started and completed in April. April's beginning inventory units were 65% complete with respect to materials and 35% complete with respect to conversion. At the end of April, 88,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion.
Weighted average: Costs assigned to output and inventories LO C2
The production department had $918,775 of direct materials and $723,261 of conversion costs charged to it during April. Also, its beginning inventory of $185,284 consists of $142,285 of direct materials cost and $42,999 of conversion costs.
1&2. Using the weighted-average method, compute the direct materials cost and the conversion cost per equivalent unit and assign April's costs to the department’s output.

Answers

Answer:

total units completed = 330,000

beginning WIP = 66,000

ending WIP = 88,000

total EUP conversion costs = 330,000 + (88,000 x 30%) = 356,400

total EUP materials = 330,000 + (88,000 x 80%) = 400,400

total conversion costs = $723,261 + $42,999 = $766,260

total materials costs = $918,775 + $142,285 = $1,061,060

conversion cost per EUP = $766,260 / 356,400 = $2.15

materials cost per EUP = $1,061,060 / 400,400 = $2.65

Using a 21 percent rate:Compute the deferred tax asset or deferred tax liability (if any) from a transaction resulting in a $31,000 temporary excess of book income over taxable income.Compute the deferred tax asset or deferred tax liability (if any) from a transaction resulting in an $18,400 permanent excess of book income over taxable income.Compute the deferred tax asset or deferred tax liability (if any) from a transaction resulting in a $55,000 temporary excess of taxable income over book income.

Answers

Answer:

A) 21% of $31,000 excess of book income over taxable income = $6,510 deferred tax liability.

B) There is no deferred tax asset or liability from permanent book/tax difference.

C) Deferred tax asset or deferred tax liability from a transaction resulting in a $55,000 temporary excess of taxable income over book income: 21% of $55,000 excess of taxable income over book income = $11,550 deferred tax asset.

Artisan Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 8000 units during the year. The company has provided the following information:
Sales Revenue $593,000
Purchases (excluding Freight In) 304,000
Selling and Administrative Expenses 68,000
Freight In 14,000
Beginning Merchandise
Inventory 46,000
Ending Merchandise Inventory 42,000
What is the operating income for the year? (Round your answer to the nearest whole dollar.)
A) $203,000
B) $271,000
C) $322,000
D) $525,000

Answers

Answer:

Net operating income= $203,000

Explanation:

First, we need to calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 46,000 + (304,000 + 14,000) - 42,000

COGS= $322,000

Now, we can determine the net operating income using the following formula:

Net operating income= sales - cogs - Selling and Administrative Expenses

Net operating income= 593,000 - 322,000 - 68,000

Net operating income= $203,000

A trial balance consists of:Multiple ChoiceA two-column financial statement intended for distribution to interested parties outside the business.A two-column schedule showing the totals of all debits and of all credits made in journal entries.A two-column schedule listing names and balances of all ledger accounts.A two-column schedule of all debit and credit entries posted to ledger accounts.

Answers

Answer:

A two-column schedule listing names and balances of all ledger accounts.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

Generally, financial statements are the formally written records of the business and financial activities of a business entity or organization.

There are four (4) main types of financial statements and these are;

1. Balance sheet: it contains financial information about assets, liability, and equity.

2. Cash flow statement: it contains financial information about operating, financial and investing activities.

3. Income statement: it contains financial information about the income and expenses of an organization.

4. Statement of changes in equity: it contains financial information about profits or loss, dividends, etc.

A trial balance consists of a two-column schedule listing names and balances of all ledger accounts.

ou were left $100,000 in a trust fund set up by your grandfather. The fund pays 6.5% interest. You must spend the money on your college education, and you must withdraw the money in 4 equal installments, beginning immediately. How much could you withdraw today and at the beginning of each of the next 3 years and end up with zero in the account

Answers

Answer:

$27,408.71

Explanation:

The question requires us to find the amount of annual withdrawals that can be made out of the investment. Thus use the time value of money techniques to find the missing parameter of payment (pmt)

PV = $100,000

i = 6.5%

n = 4

p/yr = 1

FV = $0

PMT = ?

Thus, the annual withdrawals that can be made out of the investment is $27,408.71

High-Low Method, Cost Formulas
The controller of the South Charleston plant of Ravinia, Inc., monitored activities associated with materials handling costs. The high and low levels of resource usage occurred in September and March for three different resources associated with materials handling. The number of moves is the driver. The total costs of the three resources and the activity output, as measured by moves for the two different levels, are presented as follows:
Resource Number of Moves Total Cost
Forklift depreciation:
Low 5,000 $2,200
High 16,000 2,200
Indirect labor:
Low 5,000 $66,000
High 16,000 105,600
Fuel and oil for forklift:
Low 5,000 $3,550
High 16,000 11,360
Required:
If required, round your answers to two decimal places. Enter a "0" if required.
Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components.
Forklift depreciation:
V $
F $
Y $
Indirect labor:
V $
F $
Y $ + $X
Fuel and oil for forklift:
V $
F $
Y $X

Answers

Answer:

Results are below.

Explanation:

To calculate the variable and fixed costs, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= LAC - (Variable cost per unit* LAU)

Depreciation:

Depreciation is a 100% fixed cost. It does not vary with production levels.

Indirect labor:

Variable cost per unit= (105,600 - 66,000) / (16,000 - 5,000)

Variable cost per unit= $3.6

Fixed cost= 105,600 - (3.6*16,000)

Fixed cost= $48,000

Fixed cost= 66,000 - 3.6*5,000

Fixed cost= $48,000

Total cost= 48,000 + 3.6x

Fuel and oil for forklift:

Variable cost per unit= (11,360 - 3,550) / (16,000 - 5,000)

Variable cost per unit= $0.71

Fixed cost= 11,360 - (0.71*16,000)

Fixed cost= 0

Fixed cost= 3,550 - 0.71*5,000

Fixed cost= $0

Total cost= 0.71x

A good economic theory is best described as one that:: A. Is true. B. Realistically depicts the real world economists are trying to model; C. Allows economists to understand the real world, predict events in the real world, and to guide policy; D. Incorporates all aspects of the real world into the model; E. Most economists have confidence in;

Answers

Answer:

b.

Explanation:

thats my answer my module

the model used to describe the flow of economics activity in the free market is a

Answers

Answer:

Flow chart or a flow model. I don't remember which it was

Prepare journal entries to record the following transactions and events that occurred in Marilyn County during calendar year 2019:
1. The legislature adopted the following budget:
Estimated revenues and other sources:
Property taxes $1,740,000
Sales taxes 1,000,000
Use of fund balance 10,000
Total $2,750,000
Appropriations:
General government—
Salaries $ 420,000
General government—supplies 30,000
Parks department—salaries 2,000,000
Parks department—plants and supplies 300,000
Total $2,750,000
2. The Parks department placed PO 2019-1 for shrubbery in the amount of $52,000 and PO 2019-2 for gardening supplies in the amount of $11,000. The orders were charged to the appropriation for Parks department—plants and supplies.
3. The supplier delivered the shrubbery ordered on PO 2019-1; however, the supplier said he could not deliver some of the shrubs because he no longer carried them. The invoice for $49,000 was approved and forwarded to the comptroller’s office for payment; the rest of the order ($3,000) was cancelled.
4. The supplier delivered the gardening supplies ordered on PO 2019-2. She sent an invoice for $11,200 because some of the items were of a higher quality than ordered. The Parks department accepted the entire delivery and forwarded the invoice for payment.
5. Based on a mid-year review of economy, the finance director concluded that sales tax revenues would be less than the original estimate. As a result, the legislature amended the budget, reducing the sales tax estimate by $50,000 and the Parks department—plants and supplies appropriation by $35,000

Answers

Answer:

Shrubbery Expense (Dr.) $52,000

Gardening Supplies (Dr.) $11,000

Accounts Payable (Cr.) 63,000

Accounts Payable (Dr.) $3,000

Cancelled Order for Shrubbery (Cr.) $3,000

Gardening Supplies (Dr.) $200

Accounts Payable (Cr.) $200

Explanation:

Marilyn County has estimated the expense and raised PO for the park development. The park supplies and shrubbery expense are recorded on the estimated amount. The invoice received is for differential amount and the expense is recorded for the revised amount.

Following are the journal entries to the given points:

For reverse entanglements for order PO 2019-1, reverse the entry in section two (i.e., debit the budgetary fund balance and credit the encumbrances-park department plants and equipment account with the original order amount of $52,000).The order PO 2019-1 expense of $49,000 will be documented by debiting the Expenditures-Parks department plants and supplies account and crediting the vouchers payable account.For reverse impediments on order PO 2019-2, reverse the entry in section 2 (i.e., debit the budgetary cash position & credit the encumbrances-park department plants and supplies account with the initial invoice value of $11,000).An order PO 2019-2 expense of $11,200 will just be recorded by debiting the Expenditures-Parks department plants or supplies account and crediting the vouchers payable account.Sale tax money is reduced by $50,000 in the revised budget, as are funds for parks department plants and supplies by $35,000 in the revised budget. The budgetary fund balance will indeed be reduced by $15,000. (In other words, $50,000–$35,000).Please find the journal entries in the attachment file.

Learn more:

brainly.com/question/12264018

Why does the quantity a supplier is willing to give go up when the price goes up

Answers

Because of supply and demand. More demand for a product makes the price go and and the supplier gives more because they get more
Supply and demand it’s simple

LaBelle Corporation owns a $6 million whole life insurance policy on the life of its CEO, naming LaBelle as beneficiary. The annual premiums are $95,000 and are payable at the beginning of each year. The cash surrender value of the policy was $56,000 at the beginning of 2021. Required: 1. Prepare the appropriate 2021 journal entry to record insurance expense and the increase in the investment, assuming the cash surrender value of the policy increased according to the contract to $70,000. 2. The CEO died at the end of 2021. Prepare the appropriate journal entry.

Answers

Answer:

1. Dr Cash surrender 14,000

Dr Insurance exp 81,000

Cr Cash 95,000

2. Dr Cash 6,000,000

Cr Cash surrender 70,000

Cr Gain on life 5,930,000

Explanation:

1. Preparation of the appropriate 2021 journal entry to record insurance expense and the increase in the investment

Dr Cash surrender 14,000

(70,000-56,000)

Dr Insurance exp 81,000

(95,000-14,000)

Cr Cash 95,000

2. Preparation of the appropriate journal entry if The CEO died at the end of 2021.

Dr Cash 6,000,000

Cr Cash surrender 70,000

Cr Gain on life 5,930,000

(6,000,000-70,000)

define mortgage- backed securities.​

Answers

Answer: Mortgage interest is a loan.

Explanation:

Mortgage-backed securities, called MBS, are bonds secured by home and other real estate loans. They are created when a number of these loans, usually with similar characteristics, are pooled together.

On January 1, 2018, Como Company purchased 45% of the outstanding common shares of the Lite Company for $200,000. The net assets of Lite Company totaled $400,000. The inventory had a book value of $100,000 and a fair value of $120,000. Excess cost attributable to inventory is written off in 2018. During 2018, Lite Company earned $200,000 and declared a dividend of $40,000 for the year.
The fair value of the Lite stock investment at the end of 2018 was $210,000. Which of the following amounts are correct assuming that Como elected to use the fair value option to account for the Lite investment?
a. $28,000 $210,000
b. $81,000 $263,000
c. $91,000 $273,000
d. $18,000 $210,000

Answers

Answer: a. $28,000 $210,000

Explanation:

First column is income and second is Carrying value.

Carrying value is the fair value at year end = $210,000

Income = Dividend received + fair value adjustment

Fair value adjustment = Fair value - cost of shares

= 210,000 - 200,000

= $10,000

Dividend = 45% * 40,000

= $18,000

Income = 18,000 + 10,000

= $28,000

Ruben is a travel agent. He intends to sell his customers a special round-trip airline ticket package. He is able to purchase the package from the airline for $160 each. The round-trip tickets will be sold for $200 each and the airline intends to reimburse Ruben for any unsold ticket packages. Fixed costs include $5,200 in advertising costs. How many ticket packages will Ruben need to sell to break even

Answers

Answer:

He would need to sell 130 ticket packages to break even

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

Variable cost is cost that varies with output. If output is zero, no variable cost would be incurred.  

Fixed cost is cost that does not vary with output.

[tex]\frac{5200}{200 - 160}[/tex]

[tex]\frac{5200}{40}[/tex] = 130

Assume Dell's yearly inventory cost is 30 percent to account for the cost of capital for financing the inventory, the warehouse space, and the cost of obsolescence. In other words, Dell incurs a cost of $30 for a $100 component that is in the company's inventory for one entire year. In 2001, Dell's 10-k reports showed that the company had $280 million in inventory and COGS of $23,100 million. To compute the percentage of cost of the inventory, determine the following:
a. Find the value of the inventory.
b. Find the cost of goods sold.
c. Compute inventory turns. (Round the answer to the nearest whole number.)
d. What percentage of cost of a Dell computer reflects inventory costs? (Round the answer to 3 decimal places.)

Answers

Answer:

See below

Explanation

1. Value of inventory sold

= $280 million in inventory + COGS $23,100 million

= $303,100 million

2. Cost of goods sold

From the above passage, we have been given the COGS , which is $23,100 million

3. Compute inventory turns

= Cost of goods sold / Average stock

= $23,100 million / $151,550

=

Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 2018 Sales $ 16,549 $ 18,498 Depreciation 2,376 2,484 Cost of goods sold 5,690 6,731 Other expenses 1,353 1,178 Interest 1,110 1,325 Cash 8,676 9,247 Accounts receivable 11,488 13,482 Short-term notes payable 1,674 1,641 Long-term debt 29,060 35,229 Net fixed assets 72,770 77,610 Accounts payable 6,269 6,640 Inventory 20,424 21,862 Dividends 1,979 2,314 For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Answers

Answer:

Cash flow from assets = -$1,824

Cash flow to creditors = -$4,844

Cash flow to stockholders = $3,020

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question as follows:

                                                   2017                  2018

Sales                                        $16,549            $18,498

Depreciation                               2,376                2,484

Cost of goods sold                    5,690                 6,731

Other expenses                           1,353                 1,178

Interest                                          1,110                 1,325

Cash                                             8,676               9,247

Accounts receivable                   11,488              13,482

Short-term notes payable            1,674                1,641

Long-term debt                          29,060            35,229

Net fixed assets                         72,770             77,610

Accounts payable                        6,269              6,640

Inventory                                    20,424              21,862

Dividends                                      1,979               2,314

Explanation of the answer is now given as follows:

For 2018 as required, we have the following:

EBIT = Sales - Cost of goods sold - Depreciation - Other expenses = $18,498 - $6,731 - $2,484 - $1,178 = $8,105

Taxes = (EBIT -  Interest) * Tax rate = ($8,105 - 1,325) * 21% = $1,423.80

Operating Cash Flows = EBIT - Taxes + Depreciation = $8,105 - $1,423.80 + $2,484 = $9,165.20

Current assets in 2018 =  Cash in 2018 + Accounts receivable in 2018 + Inventory in 2018 = $9,247 + $13,482 + $21,862 = $44,591

Current liabilities in 2018 = Short-term notes payable in 2018 + Accounts payable in 2018 = $1,641 + $6,640 =$8,281

Current assets in 2017 = Cash in 2017 + Accounts receivable in 2017 + Inventory in 2017 = $8,676 + $11,488 + $20,424 = $40,588

Current liabilities in 2017 = Short-term notes payable in 2017 + Accounts payable in 2017 = $1,674 + $6,269 =$7,943

Increase in net working capital = Net working capital in 2018 - Net working capital in 2017 = (Current assets in 2018 - Current liabilities in 2018) - (Current assets in 2017 - Current liabilities in 2017) = ($44,591 - $8,281) - ($40,588 - $7,943) = $3,665

Net capital spending = Net Fixed Assets in 2018 + Depreciation in 2018 - Net Fixed Assets in 2017 = $77,610 + $2,484 - $72,770 = $7,324

Cash flow from assets = Operating Cash Flows - Increase in net working capital - Net capital spending = $9,165.20 - $3,665 - $7,324 = -$1,823.80 =  -$1,824

Net new long-term debt = Long-term Debt in 2018 - Long-term Debt in 2017 = $35,229 - $29,060 = $6,169

Cash flow to creditors = Interest Expense - Net New Long-term Debt = $1,325 - $6,169 = -$4,844

Cash flow to stockholders = Cash Flow from Assets - Cash Flow to Creditors = -$1,823.80 - (-$4,844) = $3,020.20 = $3,020

Gambino Construction adds materials at the beginning of production and incurs conversion cost uniformly throughout manufacturing. Consider the data that follow. Units Beginning work in process 20,000 Started in August 60,000 Production completed 55,000 Ending work in process, 40% complete 25,000 Conversion cost in the beginning work-in-process inventory totaled $120,000, and August conversion cost totaled $270,000. Assuming use of the weighted-average method, which of the following choices correctly depicts the number of equivalent units for conversion cost and the conversion cost per equivalent unit?
Equivalent Mana 55.000 65 000 65.000 Conversion Cost Per Equivalent 491 6.00 60.000

Answers

Answer:

Conversion EUP = 65,000 units

Conversion cost per EUP = $6.00

Explanation:

Conversion EUP = Units completed + EUP Work in Process

EUP Work in process = % completed * ending WIP

= 40% * 25,000

= 10,000

Conversion EUP = 55,000 + 10,000

= 65,000 units

Conversion cost = Beginning conversion cost + August conversion cost

= 120,000 + 270,000

= $390,000

Conversion cost per unit = 390,000 / 65,000

= $6.00

define risk economics. ​

Answers

Answer:

it kike some part of your business is at risk

jus gave it a try

Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $120 in cash along with receipts for the following expenditures: transportation costs of merchandise purchased, $59; postage expenses, $74; and miscellaneous expenses, $144. The petty cashier could not account for a $13 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory.
Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $440.
1-Prepare the journal entry to establish the Petty Cash fund.
2-Record the reimbursement of the petty cash fund.
3-Record the increase of the petty cash fund.
Date General Journal Debit Credit
Oct 01

Answers

Answer:

1. Sep 09

Dr Petty cash $410

Cr Cash $410

2. Sep 30

Dr Merchandise inventory $59

Dr Postage expense $74

Dr Miscellaneous expenses $144

Dr Cash short and over $13

Cr Cash $290

3. Oct 01

Dr Petty cash $30

Cr Cash $30

Explanation:

1-Preparation of the journal entry to establish the Petty Cash fund

Sep 09

Dr Petty cash $410

Cr Cash $410

2- Preparation of the journal entry to Record the reimbursement of the petty cash fund.

Sep 30

Dr Merchandise inventory $59

Dr Postage expense $74

Dr Miscellaneous expenses $144

Dr Cash short and over $13

Cr Cash $290

($59+$74+144+$13)

3- Preparation of the journal entry to Record the increase of the petty cash fund

Oct 01

Dr Petty cash $30

Cr Cash $30

($410-$440)

define securitization.​

Answers

Answer:

The conversion of an asset, especially a loan, into marketable securities, typically for the purpose of raising cash by selling them to other investors.

What was A contract between the government and a private producer.

Answers

Answer:

government contract

Explanation:

On April 1, Griffith Publishing Company received $2,628 from Santa Fe, Inc. for 36-month subscriptions to several different magazines. The subscriptions started immediately. What is the amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription assuming the company uses a calendar-year reporting period

Answers

Answer:

Year 1 $657

Year 2 $876

Year 3 $876

Year 4 $219

Explanation:

Calculation to determine the amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription assuming the company uses a calendar reporting period

First step is to calculate the amount of revenue per month

Revenue per month=$657. ($2,628/36)=

Revenue per month= $73 per month

Now let calculate amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription

Year 1= $73 * 9

Year 1 = $657

Year 2 =$73 * 12

Year 2= $876

Year 3= $73 * 12

Year 3= $876

Year 4= $73 * 3

Year 4 = $219

Therefore amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription are:

Year 1 $657

Year 2 $876

Year 3 $876

Year 4 $219

An all-equity firm is considering the following projects:
Project Beta IRR
W .67 9.5 %
X .74 10.6
Y 1.37 14.1
Z 1.48 17.1
The T-bill rate is 5.1 percent, and the expected return on the market is 12.1 percent.
a. Compared with the firm's 12.1 percent cost of capital, Project W has a lower expected return, Project X has a lower expected return, Project Y has a higher expected return, and Project Z has a higher expected return.
b. Project W should be rejected , Project X should be accepted , Project Y should be rejected , and Project Z should be accepted .

Answers

Answer:

Projects W and X have lower expected returns

Projects Y and Z have higher expected returns

Explanation:

Given

[tex]\begin{array}{ccc}{Project} & {Beta} & {IRR} & {W} & {.67} & {9.5\%} & {X} & {.74} & {10.6\%} & {Y} & {1.37} & {14.1\%}& {Z} & {1.48} & {17.1\%} \ \end{array}[/tex]

[tex]T\ Bill\ Rate = 5.1\%[/tex]

[tex]Expected\ Return = 12.1\%[/tex]

Solving (a): Compare the expected return of each project to 12.1%

Expected Return of each project is calculated as:

[tex]Project = T\ Bill + (Beta * (Expected\ Return - T\ Bill))[/tex]

[tex]Project = 5.1\% + (Beta * (12.1\% - 5.1\%))[/tex]

[tex]Project = 5.1\% + (Beta * 7.0\%)[/tex]

For Project W:

[tex]W= 5.1\% + (0.67* 7.0\%)[/tex]

[tex]W= 5.1\% + 4.69\%[/tex]

[tex]W= 9.79\%[/tex]

Lower Expected return

For Project X:

[tex]X = 5.1\% + (0.74 * 7.0\%)[/tex]

[tex]X = 5.1\% + 5.18\%[/tex]

[tex]X = 10.28\%[/tex]

Lower Expected return

For Project Y:

[tex]Y = 5.1\% + (1.37 * 7.0\%)[/tex]

[tex]Y = 5.1\% + 9.59\%[/tex]

[tex]Y = 14.69\%[/tex]

Higher Expected return

For Project Z:

[tex]Z = 5.1\% + (1.48 * 7.0\%)[/tex]

[tex]Z = 5.1\% + 10.36\%[/tex]

[tex]Z = 15.46\%[/tex]

Higher Expected return

There is no question in (b)

Which research information could best help a marketer decide whether to
discontinue a product line?

A. Results of an experiment showing the combination of price and
features that consumers most often select

B. Observation results showing the path consumers take through a
store

C. Survey results indicating that the product no longer meets a
customer need

D. Survey results showing that what consumers value most is
reliability

Answers

Answer: survey results indicating that the product no longer meets a customer need

Explanation:

The research information that could best help a marketer decide whether to discontinue a product line is: Survey results indicating that the product no longer meets a customer need. Thus option (C) is correct.

What is an information?

An information refers to something that has the power to inform. At the most fundamental level information pertains to the interpretation of that which may be sensed.

The digital signals and other data use discrete signs or alogrithms to convey information, other phenomena and artifacts such as analog signals, poems, pictures, music or other sounds, and the electrical currents convey information in a more continuous form.

Information is not knowledge itself, but its interpretation is important. An Information can be in a raw form or in an structured form as data. The information available through a collection of data may be derived by analysis by expert analysts in their domain.

Learn more about information here:

https://brainly.com/question/27798920

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