Business, 17.09.2019 22:00, fatherbamboo
Oscar’s red carpet store maintains a checking account with academy bank. oscar’s sells carpet each day but makes bank deposits only once per week. the following provides information from the company’s cash ledger for the month ending february 28, 2018. date amount no. date amount deposits: 2/4 $ 2,600 checks: 321 2/2 $ 4,600 2/11 2,200 322 2/8 650 2/18 3,100 323 2/12 2,400 2/25 4,000 324 2/19 2,100 cash receipts: 2/26-2/28 1,500 325 2/27 450 326 2/28 950 $ 13,400 327 2/28 1,800 balance on february 1 $ 6,700 $12,950 receipts 13,400 disbursements (12,950) balance on february 28 $ 7,150 information from february's bank statement and company records reveals the following additional information: a. the ending cash balance recorded in the bank statement is $11,770. b. cash receipts of $1,500 from 2/26-2/28 are outstanding. c. checks 325 and 327 are outstanding. d. the deposit on 2/11 includes a customer's check for $450 that did not clear the bank (nsf check). e. check 323 was written for $2,800 for advertising in february. the bank properly recorded the check for this amount. f. an automatic withdrawal for oscar's february rent was made on february 4 for $1,300. g. oscar's checking account earns interest based on the average daily balance. the amount of interest earned for february is $190. h. in january, one of oscar's suppliers, titanic fabrics, borrowed $5,800 from oscar. on february 24, titanic paid $5,950 ($5,800 borrowed amount plus $150 interest) directly to academy bank in payment for january's borrowing. i. academy bank charged service fees of $120 to oscar’s for the month. prepare a bank reconciliation for oscar's checking account on february 28, 2018.
Answers: 2
Business, 22.06.2019 19:10, EthanIsHyper
According to the textbook chapter, “the emotional connection of distinguishing differences and conflict”, which of the following groups of terms describes best the skills/resources that managers need when managing differences in their organization? energy, commitment, tolerance, and appreciation energy, adequate funding, tolerance, and appreciation funding, tolerance, a strong hr department, and tolerance energy, a strong hr department, patience, and strong leadership skills
Answers: 3
Business, 22.06.2019 19:30, dominickstrickland
Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:
Answers: 1
Business, 22.06.2019 19:50, Salas1333
Which of the following would create the most money? the initial deposit is $6,500 and the required reserve ratio is 20 percent. the initial deposit is $3,000 and the required reserve ratio is 10 percent. the initial deposit is $7,500 and the required reserve ratio is 25 percent. the initial deposit is $4,500 and the required reserve ratio is 15 percent.
Answers: 1
Oscar’s red carpet store maintains a checking account with academy bank. oscar’s sells carpet each d...
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