Owen Company's unadjusted book balance at June 30 is $11,400. The company's bank statement reveals bank service charges of $80. Two credit memos are included in the bank statement: one for $1,170, which represents a collection that the bank made for Owen, and one for $120, which represents the amount of interest that Owen had earned on its interest-bearing account in June. Based on this information, Owen's true cash balance is:

Answers

Answer 1

Answer:

Cash Balance = $12610

Explanation:

We can calculate the adjusted or true cash balance of Owen by making adjustments in the book balance using the transactions that only appear on the bank statement and are missing from the book balance calculation.

1. The bank service charges are a deduction that bank has made from the bank account of Owen. This, they should be deducted from the book balance.

2. A collection of $1170 made by the bank on Owen's behalf will increase the account balance of Owen. Thus, it should be added to the book balance.

3. The interest earned by Owen is also an addition to the bank balance and should be added in the unadjusted book balance.

The new or true cash balance of Owen will be,

Cash Balance = 11400 - 80 + 1170 + 120

Cash Balance = $12610


Related Questions

Question 9 of 10
Which of the following is a general example of a business?
A. Jordan uses a computer to research the Civil War for his history
project.
B. Frank prepares dinner for his family on weeknights.
C. Wanda tries to make a profit by selling homemade jam at the
farmer's market.
D. Laurel volunteers to babysit her niece on Saturday.
SUBMIT

Answers

The best example of a business is that Wanda tries to make a profit by selling homemade jam at the farmer's market.

What do you mean by Business?

An entity is defined as an organization or entity that performs commercial, industrial, or professional activities. Businesses can be for-profit organizations or non-profit organizations.

Business types range from limited liability companies to sole ownership, companies, and partnerships.

Thus, Option C is the correct answer that Wanda tries to make a profit by selling homemade jam at the farmer's market.

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If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful? A. Statement of owners' equity B. Cash flow statement C. Balance sheet D. Income statement Please select the best answer from the choices provided

Answers

Answer:

D. Income statement.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Example of financial statements includes an income statement used to measure the amount of money entering into a business and to determine if its making a profit or a loss.

Hence, If you want to know whether a company had a profit or a loss during a specific period of time, the financial statement which would be most helpful is the income statement.

Answer:

D. Income statement.

Explanation:

Nola Potter earns a salary of $1,200 a month and a commission of 7.5% on all sales over $4,000. This month her sales were $21,400. Find her total earnings for the month.

Answers

Answer:

$ 2,805  

Explanation:

Nora has a salary of $1200

The commission is paid on all sales above $4000 at 7.5%

Current month sales are $21,400.

Commissions to be paid will be 75% of $21,400

=7.5/100 x $21,400

=0.075 x 21,400

=$1,605

Nora's total earnings will be salary plus commissions

=$1,200 +$1,605

=$ 2,805

Please help. Atleast the top 2

Answers

Answer:

Number 1 is Pure Market. Number two is socialist, I'm pretty sure.

Explanation:

Please mark me brainliest if someone else answers :>

Suppose the production of electricity by a utility generates pollution that harms others. Suppose also that Coase bargainingLOADING...can occur between the utility and the victims of pollution but that the utility has not been legally liable for the damages from its pollution. How would making the utility legally liable for the damages from its pollution affect pollution​ reduction? If the electric utility and the people suffering the effects of the​ utility's pollution can​ bargain, then making the utility legally liable for the damages from its pollution will

A. increase the amount of pollution reduction by decreasing the marginal cost of pollution reduction to the utility.

B. increase the amount of pollution reduction by increasing the marginal cost and increasing the marginal benefit of pollution reduction to the utility.

C. not change the amount of pollution reduction because the marginal benefit and marginal cost of pollution reduction will not change.

Answers

Answer:

B. increase the amount of pollution reduction by increasing the marginal cost and increasing the marginal benefit of pollution reduction to the utility.

Explanation:

The above is likely the answer due to the fact that, an increase of the marginal cost would likely lead to increasing the amount of pollution reduction all things being equal.

An environmental lawyer is not part of the Energy cluster.
True or False for K12

Answers

Answer:

True

Explanation:

Lawyers belong to the Law, Public Safety, Corrections, and Security cluster.  Work under this career cluster revolves around protecting citizens and their rights.  Lawyers train and acquire university degree before training at the law school.

Lawyers may specialize in a specific area such as crime, tax, environment, and so many others. Other prominent job titles for lawyers include Attorney General,  Associate Attorney, Attorney, Attorney at Law, General Counsel, and Partner.

Value of a mixed stream Harte​ Systems, Inc., a maker of electronic survillance​ equipment, is considering selling the rights to market its home security system to a​ well-known hardware chain. The proposed deal calls for the hardware chain to pay Harte ​$28 comma 000 and ​$23 comma 000 at the end of years 1 and 2 and to make annual​ year-end payments of ​$18 comma 000 in years 3 through 9. A final payment to Harte of ​$30 comma 000 would be due at the end of year 10. a. Select the time line that represents the cash flows involved in the offer.

Answers

Answer:

a. Select the time line that represents the cash flows involved in the offer.

NCF1 = $28,000

NCF2 = $23,000

NCF3 = $15,000

NCF4 = $15,000

NCF5 = $15,000

NCF6 = $15,000

NCF7 = $15,000

NCF8 = $15,000

NCF9 = $15,000

NCF10 = $30,000

If you want to compare this set of cash flows to another offer, you will need to calculate the present value first. E.g if you use a 12% discount rate, the PV of these cash flows = $107,570.

According to leading entrepeneur, Guy Kawasaki, the best reason to start a new business is to ______.


be your own boss

make a large profit

make the world a better place

achieve success

Answers

Answer:

make the world a better place

Explanation:

Answer:

C. Make the world a better place

Explanation:

"The best reason to start an organization is to make meaning - to create a product or service to make the world a better place."

—Guy Kawasaki, entrepreneur, investor, author

name every my hero acadamia character

Answers

Answer:

Izuku Midorya (All for one quirk, main protagonist)

Ochaco Uraraka (Zero-Gravity)

Iida Tenya (Engine)

Katsuki Bakugo (Explosion)

Tsuyu Asui (Frog)

Shouto Todoroki (Half-cold, half-hot).

The main teachers would probably be Shouta Aizawa (aka Eraserhead; their homeroom teacher) and All Might, the No. 1 hero and Izuku’s mentor.

The rest of Class 1A includes: Momo Yaoyorozu (Creation), Yuga Aoyama (Naval Lazer), Mina Asahido (Acid), Eijiro Kirishima (Hardening), Mezo Shoji (Dupli-Arms), Toru Hagakure (Invisibility), Koji Koda (Ani-voice), Denki Kaminari (Electrification), Hanta Sero (Tape), Rikido Sato (Sugar Rush), Masahirao Ojiro (Tail), Kyouka Jiro (Earphone Jack), Fumikage Tokoyami (Dark Shadow, and finally, Minoru Mineta (Pop-Off)

Explanation:

Answer: cant name all of them buti ill try

Explanation: izuku midoriya

                      shoto todoroki

                       katsuki bakugo

                      Eijiro Kirishima

                       Momo Yaoyorozu.

                        Tenya Ida.

                        Shoto Todoroki.

                        Tsuyu Asui.

                     Kyoka Jiro.

                Mashirao Ojiro

Scott and Mary have accepted a​ three-year international relocation for work. Both are still paid in U.S.​ dollars, and their paychecks are automatically deposited to a U.S. Bank. When they need​ cash, they use local ATMs that allow them to withdraw funds from their U.S.​ bank, but the ATM gives them the equivalent in local currency. Which type of system does the U.S. Bank use to transfer money almost​ instantly, and in the currency needed by the​ user?

Answers

Answer:

The answer is "Electronic Funds Transfer".

Explanation:

It is a financial exchange electronically, which is also known as direct deposit salary services with ATM, which Cash subsidies among buyer marketing authorization, which implies digitally moving funds from one bank to the next. It's accomplices through the exchange of paper currency or certificates. The bank account is among the most popular applications of EFT.

Draw a correctly labeled graph of a housing market in equilibrium. On your graph, illustrate an effective legal limit (ceiling) on rent. Identify the quantity of housing demanded, the quantity of housing supplied, and the size of the resulting surplus or shortage.

Answers

Answer:

In the first picture I uploaded, I show the housing market equilibrium without any effective legal ceilings on rent. In this equilibrium, the quantity demanded and the quantity supply reach an equilibrum of 70, at a price of $1,100 per rent.

In the second picture I uploaded, we can see the price ceiling in red. The price ceiling does not allow the rent to reach equilibrium, which causes a demand of eighty houses, but a supply of sixty houses, leading to a housing shortage of 20 houses.

URGENT- FINANCIAL MATH.One of the variable expenses that Roxy knows she’ll need to include in her budget is utilities. She decides to review her utility costs for the past year. Assuming the cost for utilities is the same in her new apartment, how much should Roxy budget each month for utilities this year? Explain your reasoning.

Answers

Answer:

Roxy should budget 2165. per year. So maybe a monthly of 144 for the average of the total. For the year I added all the months together and then monthly I added them together and then divided the total by 12 and the average is 144 a month.

Explanation:

If you add them all together that is the total. I hope this helps. But the utilities could be different where she is going.

QUESTION
Bill was discharged from his job. He believes he was wrongfully discharged and is
entitled to compensation for being wrongly let go. Bill's employment contract states
that rather than suing for damages, he and his employer must use an alternate method .
to settle their differences-one in which a third party hears both sides and makes a
binding decision.
Given this scenario, which of the following best describes the alternate method
specified in Bill's employment contract?

Answers

Answer:

Employment dispute resolution.

Explanation:

Based on the given scenario of Bob being fired wrongfully from his job and is entitled to compensation and his contract expressly days that instead of suing for damages, he must involve a third party who would listen to both sides and make a binding decision.

The best description of the alternate method is Employment dispute resolution.

Gillespie enterprises inc. Issued $26 million in new common stock.
b. Cal state university received $20,000,000 cash for 80,000 five-game-season football tickets. None of the games have been played.
c. Cal state played the first football game referred to in (b).
d. Hall construction company signed a contract with a customer for the construction of a new $500,000 warehouse. At the signing, hall received a check for $50,000 as a deposit to be applied against amounts earned during the first phase of construction. Answer from hall's standpoint.
e. A popular snowboarding magazine company received a total of $1,800 today from subscribers. The subscriptions begin in the next fiscal year. Answer from the magazine company's standpoint. F. T-mobile sold a $100 cell phone plan for service in september to a customer who charged the sale on his credit card. Answer from the standpoint of t-mobile.

Answers

Question Completion:

For each of the transactions, if revenue is to be recognized in September, indicate the amount.  If revenue is not to be recognized in September, explain why.

Answer:

a. The issue of $26 million in new common stock by Gillespie Enterprises, Inc. is not a revenue transaction.  It is an equity transaction.  Revenue cannot be recognized, but it is a Cash Inflow from financing activity that should be recognized.

b. Since none of the games had been played, Cal State University should not recognize any revenue.  Revenue can only be recognized when a game has been played and some of the tickets used for the played game.

c. $4,000,000 ($20,000,000/5) should be recognized as revenue since the first football game has been played.  Recall that the tickets were for 80,000 five-game-season football games.

d. From Hall Construction Company's point of records, no revenue had been earned.  The deposit of $50,000 received can only be recognized as revenue when the first phase of construction had been completed.

e. The snowboard Magazine Company cannot recognize any amount out of the $1,800 as the subscriptions received are for the next fiscal year.

f. $100 should be recognized as revenue by T-mobile since the service is for September.

Explanation:

The Revenue from Contracts with Customers (IFRS 15 and ASC 606) standard indicates that revenue can only be recognized when the contract's performance obligation has been fulfilled.

If an entrepreneur can establish a strong and trustworthy management team, then the
risk might be avoided.
O compliance
O financial
strategic
operational
Mark this and return
Ne

Answers

Answer:

operational

Explanation:

bc it is

If an entrepreneur can establish a strong and trustworthy management team, then the operational risk might be avoided. Thus option D is correct.

What is Team?

When a group of people come together in an official setting and in a disciplined manner to achieve the common objective of business with individual roles and shared responsibilities representing teams.

A strong and trustworthy management team helps in better controlling and coordinating events which help to avoid operational risk and helps in producing efficient results with productivity.

The enforcement of laws safeguarding the environment and employees helps to reduce compliance risk, and building a stable number of clients helps in reducing financial risk.

Therefore, option D operational is appropriate.

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2. Marketing, put simply, attempts to do which of the following?
A. Get people to buy things they do not need
B. Make people love spending money
C. Hide any flaw a product or service has
D. Satisfy people’s needs

Answers

Answer:

D. Satisfy people's needs

Hope it helps

Part A
In the video, what tax cut is President Obama extending?

Answers

maybe the tax cut for the middle class or the payroll tax

Answer: He is announcing an extension of a cut in payroll taxes.

Explanation: edmentum/ plato

Under B, subsection 6. HEATING VENTILATION AND AIR CONDITIONING SYSTEMS, changes to energy efficiency regulations impact the installation, replacement, and some repairs of heating and air conditioning units (HVAC). Which level of government are responsible for these regulations?

Answers

Answer:

State and federal government.

Explanation:

According to the Building Energy Efficiency standards;

Under B, subsection 6. HEATING VENTILATION AND AIR CONDITIONING SYSTEMS, changes to energy efficiency regulations impact the installation, replacement, and some repairs of heating and air conditioning units (HVAC). The level of government that are responsible for these regulations are both state and federal government.

This ultimately implies that, state and federal government are saddled with the responsibility of ensuring project managers, building engineers and other professionals abide by the regulations or standards with respect to HEATING VENTILATION AND AIR CONDITIONING SYSTEMS (HVAC).

Farmer Owens has an apple orchard that must be pollinated by bees in order to bear fruit. Farmer​ Owens's neighbor,​ Maude, owns beehives with bees that can pollinate the apple trees. Suppose the benefit of the bees to Farmer Owens is $5,000 per year. Suppose the bees provide no benefit to Maude but she must pay $3,000 per year to maintain the hives. If Farmer Owens and Maude engage in Coase​bargaining, what would likely​ result?

A. Farmer Owens would pay Maude between $3,000 and $5,000 to maintain the hives.

B. Maude would pay Farmer Owens between ​$3,000 and ​$5,000 to maintain the hives.

C. Farmer Owens would pay Maude between​ $0 and $5,000 to maintain the hives.

D. Farmer Owens would pay Maude at least ​$5,000 to maintain the hives.

E. Farmer Owens would not be willing to pay Maude an amount such that she would maintain the hives.

Answers

Answer:

E. Farmer Owens would not be willing to pay Maude an amount such that she would maintain the hives.

Explanation:

Remember, coerce​ bargaining implies that one party to a bargain uses their ability or privilege or advantage to force or pressure the other party to accept the bargain.

Hence, Farmer Owens, who seems to have a better advantage over Maude would likely coerce her into accepting his offer by not been willing to pay Maude an amount such that she would maintain the hives.

Econ please helppp :(((((

Answers

Answer:

Pure competition

Explanation:

Pure competition refers to an ideal market with very many suppliers selling an identical product. Because the sellers are many, none of them can influence the price. Pure competition is also the perfect competition.  Other characteristics of perfect competition include.

easy to enter and exit the market since there are no trade barriersAll sellers sell a homogeneous productall sellers are price takersThere are many buyers.Buyers have sufficient knowledge of prices and suppliers.

What are the two parts of the platform used to run application software? GUI and HCI hardware and operating system kernel and software configuration application base and operating system

Answers

Answer:

The answer is B

Explanation:

Answer:the answer is B hardware and operating system

Explanation:

Three entrepreneurs were looking to start a new brewpub near sacramento, california, called roseville brewing company (rbc). brewpubs provide two products to customers—food from the restaurant segment and freshly brewed beer from the beer production segment. both segments are typically in the same building, which allows customers to see the beer-brewing process.

Answers

Answer:

A lot of information is missing as well as the requirements, so I looked for similar questions.

The requirements are:

a. What is the break-even point in sales dollars for RBC?

b. What is the margin of safety for RBC?

c. What sales dollars would be required to achieve an operating profit of $250.000? $490.000?

a) break even point = total fixed costs / contribution margin

total fixed costs = $1,125,430contribution margin = $1,427,642 / $1,953,000 = 73%

break even point = $1,124,430 / 73% = $1,540,315

b) margin of safety = current sales - break even point = $1,953,000 - $1,540,315 = $412,685

c) operating profit = $250,000 ⇒ ($1,125,430 + $250,000) / 73% = $1,884,150.69

operating profit = $490,000 ⇒ ($1,125,430 + $490,000) / 73% = $2,212,917.81

Suppose the United States has two​ utilities, Commonweath Utilities and Consolidated Electric. Both produce 20 million tons of sulfur dioxide pollution per year.​ However, the marginal cost of reducing a ton of pollution for Consolidated Electric is ​$275 per ton and the marginal cost of reducing a ton of pollution for Commonwealth Utilities is ​$375 per ton. The​ government's goal is to cut sulfur dioxide pollution in half​ (by 20 million tons per​ year).

a. If the government issues 10 million tradable pollution permits to each​ utility, what will be the cost of eliminating half of the pollution to​ society?

b. Using a cap-and-tradeLOADING... system of tradable emission allowances will eliminate half of the sulfur dioxide pollution at a cost of ​$ nothing million per year.

c. If the permits are not tradable, what will be the cost of eliminating half of the pollution?

d. If permits cannot be traded, then the cost of the pollution reduction

Answers

Answer and Explanation:

The computation is shown below:

a. The cost of eliminating is shown below:

= $275 × 20

= $5,500

b. The cost would be $375 per ton

c. In the case when the permits are not tradable so in this the cost is $5,500

d. In the case when the permits cannot be traded so the cost of the pollution reduction is

= $375 × 10 + $275 × 10

= $3,750 + $2,750

= $6,500

A regional automobile dealership sent out fliers to prospective customers indicating that they had already won one of three different​ prizes: an automobile valued at ​$28 comma 000​, a ​$100 gas​ card, or a ​$5 shopping card. To claim his or her​ prize, a prospective customer needed to present the flier at the​ dealership's showroom. The fine print on the back of the flier listed the probabilities of winning. The chance of winning the car was 1 out of 31 comma 248​, the chance of winning the gas card was 1 out of 31 comma 248 comma and the chance of winning the shopping card was 31 comma 246 out of 31 comma 248. Complete parts​ (a) through​ (c).

Answers

Answer:

the requirements are missing, so I looked for a similar question.

a. How many fliers do you think the automobile dealership sent​ out?

b. Using your answer to​ (a) and the probabilities listed on the​ flier, what is the expected value of the prize won by a prospective customer receiving a​ flier?

c. Using your answer to​ (a) and the probabilities listed on the​ flier, what is the standard deviation of the value of the prize won by a prospective customer receiving a​ flier?

a) the total fliers sent out = 31,246 + 1 + 1 = 31,248

b) expected value = [(1 x $28,000) + (1 x $100) + (31,246 x $5)] / 31,248 = $5.90

c) σ² = [($28,000 - $5.90)² x 1] + [($100 - $5.90)² x 1] + [($5 - $5.90)² x 31,246] / 31,248 = ($783,669,634.80 + $8,854.81 + $25,309.26) / 31,248 = $25,080.13

σ = √$25,080.13 = $158.37

what a product that hasn't been created yet???

Answers

Answer:

i like your smart pantry idea lol, its like a smart fridge but pantry version

Explanation:

Why would banks offer higher interest rates for savings and checking accounts?

A. to encourage people to spend money in the economy

B. to discourage people to spend money in the economy

C. to encourage people to put money in saving and checking accounts
D. to discourage people to put money in saving and checking accounts

Answers

I believe it would be “C.To encourage people to put money in savings and checking accounts”

Answer:

C) To encourage people to put money in savings and checking accounts

Explanation:

how has smartphones product changed the way business is conducted? What business innovations have occurred as a result of this product being offered?

Answers

answer amd explanation: i think smartphones are a distraction.

A manufacturing company provides jobs for many people in a small town where employment is not easy to find. The company has stayed in the town even though it could find cheaper workers elsewhere, because workers are loyal to the company due to the jobs it provides. Over the years, the company has developed a reputation in the town for taking care of its employees and being a responsible corporate citizen.

The manufacturing process used by the company produces a by-product that for years has flown into the town river. The by-product has been considered harmless but some people who live near the river have reported illnesses. The by-product does not currently violate any anti-pollution laws.


WHAT ARE THE ANSWERS TO THESE QUESTIONS?

What are the issues of integrity, ethics and law posed in the case study? What options does the company have, and what should it do and why?

Answers

Explanation:

Note, the term integrity often refers to the ability to keeping to one's moral principles, such as honesty. And ethics refers to the principles of right and wrong one might have.

For example, from this case, we observe that

although the company is known to have a good reputation over the years and of being a responsible corporate citizen, if it fails to act, then the company's integrity comes under question.Even though the by-product does not violate any laws, failing to take action may taint the good reputation it has had considering the fact that the company is well aware that "some people who live near the river have reported illnesses."

Note That,  When the term is integrating often refers to the ability to keep to one's moral principles, such as honesty. And also, that ethics refers to the principles of right and wrong one might have.

Giving For  such example are, from this case, we observe that is:

Thus, although the company is known to have a good reputation over the years and of being a responsible corporate citizen, Then if any it fails to act, then the company's integrity comes under the question of law. Also that Even though the by-product does not violate any laws, Then it is failing to take action may taint the good reputation it has had considering the fact that the company is well aware that is "some people who live near the river have reported illnesses."

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CAN SOMEONE PLS HELP ME!!
Aspirin is one of the most widely used drugs in the world. Although many companies make and sell aspirin, all aspirin is pretty much the same. Because aspirin is a drug, the government has some control over companies that make it.
Is this an example of perfect competition? Why or why not?

Answers

Answer:

Yes

Explanation:

Because multiple companies are fighting over who will buy theirs even thought there all the same plz mark me Bg brain

It is an example of perfect competition because the many companies are the involved they make and sell aspirin.

What is perfect competition?

The competition of the market type is the perfect competition. Because there is less competition in the market, consumers have more options for products from various brands. The result is ultimately more competitive pricing and brings a cheaper product to the consumer.

The market is the based of the consumer demand and preferences. The perfect competition was the based of the so many brands are to exist in the market. The price are the increased the consumer are the shift to another goods and services. The example of the aspirin is drug in the world are the sell and make aspirin, the companies are the fighting to the sale in the market.

As a result, the example of the perfect competition.

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PLEASE HELP ITS 55 POINTS

Answers

Answer:

i am reaaly confused on what the question is

Answer: ok

Explanation:

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