BUSINESS COLLEGE

Harris Company had checks outstanding totaling $15,400 on its May bank reconciliation. In June, Harris Company issued checks totaling $64,900. The June bank statement shows that $37,600 in checks cleared the bank in June. A check from one of Harris Company's customers in the amount of $300 was also returned marked "NSF." The amount of outstanding checks on Harris Company's June bank reconciliation should be ____.

Answers

Answer 1
Answer:

Answer:

$42,700

Explanation:

The presentation of bank reconciliation is shown below:-

Check outstanding in June beginning     $15,400

Add: Check issued                                     $64,900

Total check to be cleared                          $80,300

Less: Check cleared                                     $37,600

The Outstanding amount of checks issued $42,700

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A good description of source inspection is inspecting: materials upon delivery by the supplier.
the goods at the production facility before they reach the customer.
the design specifications. goods at the supplier's plant.
one's own work.

Answers

Answer:

the goods at the production facility before they reach the customer.

Explanation:

  • A source inspection is the quality inspection in which the buyers need the quality check before the material is received and come sunder the total quality management.

The widespread acceptance that bacteria causes diseases helped lead to a public health movement in the late nineteenth and early twentieth centuries. This movement eventually brought​ sewers, clean drinking​ water, and garbage removal to all U.S. cities. The public health movement in the United States in the late nineteenth and early twentieth centuries was like a technological advance to the​ country's production​ possibilities, since both ____________ expanded secured the​ economy's productive​ capacity, the former by increasing the​ nation's ________ degree of sophistication effective workforce .

Answers

Answer:

1. expanded

2. effective workforce

Explanation:

The widespread acceptance that bacteria causes diseases helped lead to a public health movement in the late nineteenth and early twentieth centuries. This movement eventually brought​ sewers, clean drinking​ water, and garbage removal to all U.S. cities.

The public health movement in the United States in the late nineteenth and early twentieth centuries was like a technological advance to the​ country's production​ possibilities, since both EXPANDED the​ economy's productive​ capacity, the former by increasing the​ nation's EFFECTIVE WORKFORCE .

If the marginal cost of producing the fifth unit of output is higher than the marginal cost of producing the fourth unit of output, then at five units of output, average total cost must be rising.a. True
b. False

Answers

Answer: a. True

Explanation:

Marginal Cost as well known is the cost of producing an extra unit of a good. Average Cost on the other hand is the cost of producing all the goods divided by the number of units that are produced.

It therefore stands to reason that if goods are getting more expensive to produce, the Average Cost will rise.

For example, take 2 scenarios.

Scenario 1.

Cost of producing units 1 to 5 is $2 each.

Average Cost = (2 + 2 + 2 + 2 + 2) / 5

= 10/5

Average Cost = $2

Scenario 2

Cost of Producing Units 1 to 5 are;

Unit 1 - $2

Unit 2 - $2

Unit 3 - $2

Unit 4 - $2

Unit 5 - $4

Average cost at unit 5 = (2 + 2 + 2 + 2 + 4)/5

= 12/5

= $2.40

Average Cost has increased by $0.40

A firm has cash of 200,000, accounts receivable of 75,000, prepaid expenses of 12,500, accounts payable of $50,000, other current liabilities of 35,000, common stock of 375,000 and long term liabilities of 65,000. The firm also produced a profit of 20,000 during the last calendar year. What is the firm working capital?

Answers

Answer:

$202,500

Explanation:

Working capital is the difference between current assets and current liabilities. Therefore, the formula for calculating working capital is as below.

Working capital = current assets- current liabilities

in this case

current assets =

cash     $200,000

account receivable      $75,000

prepaid expenses of       $12,500,

Total current assets   =      $287,500

current liabilities

accounts payable of   $50,000

other current liabilities of  $35,000

Total current liabilities = $85,000

working capital = $287,500 - $85,000

                          =$202,500

The total product curve: a. will become flatter as output increases if there are diminishing returns to the variable input. b. will be downward-sloping if there are diminishing returns to the variable input. c. shows the relation between output and the quantity of a variable input for varying levels of the fixed input. d. will become horizontal when the marginal product of the variable input is constant.

Answers

Answer:

B) Will become flatter as output increases if there are diminishing returns to the variable input

Explanation:

Fred Stone is an employee of Henrock Company. During the first part of the year, Stone earned $4,340 while working in State Q. For the remainder of the year, the company transferred him to State S where he earned $27,000. Henrock Company's tax rate in State Q is 4.6%, and in State S, 4.0% on the first $7,000. If reciprocal arrangements exist between the two states, determine the SUTA tax that the company paid on Stone's earnings in State S.

Answers

Answer:

$280

Explanation:

SUTA is a synonym for State Unemployment Tax paid by employers and employees , and used by the government to provide the insurance expenditures for the unemployed citizens

The reciprocal arrangement exempts the tax payer from his former country of work. H e will be taxed in the new country of work at the applicable rate

SUTA ceiling earning = $7000

SUTA rate = 4.0%

SUTA = $280
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