At july 31, ivanhoe company has this bank information: cash balance per bank $7,140, outstanding checks $690, deposits in transit $1,280 and a bank service charge $50. determine the adjusted cash balance per bank at july 31.

Answers

Answer 1
Unadjusted balance per bank $7140 Plus deposits in transit $1280 Minus outstanding checks $ 690 Unadjusted balance+deposit in transit-outstanding checks =7140+1280-690 =7730 is adjusted cash balance It is not necessary to deduct the bank service charge again from the bank balance.
Answer 2

To determine the adjusted cash balance per bank for Ivanhoe Company as of July 31, add deposits in transit ($1,280) to the cash balance per bank ($7,140) and subtract outstanding checks ($690), resulting in an adjusted balance of $7,730.

To determine the adjusted cash balance per bank for Ivanhoe Company at July 31, we need to adjust the balance reported by the bank for the effect of outstanding checks and deposits in transit. Here's the step-by-step process:

First, start with the cash balance per bank: $7,140.Add deposits in transit: $1,280.Subtract outstanding checks: $690.

Calculation:

The equation will be:

$7,140 (cash balance per bank) + $1,280 (deposits in transit) - $690 (outstanding checks) = $7,730.

The bank service charge of $50 is not considered in the bank balance adjustments because it affects the cash balance per books, not the bank statement.

Therefore, the adjusted cash balance per bank at July 31 is $7,730.


Related Questions

Who develops the configuration and validation requirements for it products and services within dod?

Answers

The Assistant Secretary of Defense for Networks and Information Integration also known as the DOD Chief Information Officer is responsible for that. The Assistant Secretary of Defense for Networks and Information Integration is in charge of managing all DOD information technology even national security systems and serves as the Chief Information Officer.
Final answer:

The Department of Defense develops configuration and validation requirements for IT products and services, focusing on operational efficiency and cost-effectiveness while providing technical support to adapt technologies in collaboration with the private sector.

Explanation:

The Department of Defense (DoD) is responsible for developing the configuration and validation requirements for IT products and services. The development of these requirements is critical to ensuring the operational efficiency and security of military operations. Collaboration with the private sector often involves providing technical support to help adapt technologies for use within the DoD, while also managing costs and resources effectively. Considering that personnel and operational costs represent a significant portion of the DoD's budget, the focus on efficiency and cost-effectiveness is paramount for sustaining its core defense mission.

A company follows a skimming strategy as part of introducing a new product to

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Give the impression of value to the product before lowering it. The price skimming strategy works by introducing the product at a very high initial price to give the consumers the impression of high value. The sellers will then lower it down slowly over time to give the consumers the impression that they are lowering the price of a very high value product and therefore giving them a good bargain. 

In a business organization, the splitting of management and ownership into two distinct functions is an example of a(n)

Answers

its an example of a corporation 

Answer:

example of a corporation

Explanation:

Splitting management and ownership into two distinct functions is an example of a corporation. Partnerships, on the other hand, share the risks and profits.

A firm produces two goods q1 and q2. for economies of scope to occur, it must be true that:

Answers

For economies of scope to occur it must be true that THE COST OF PRODUCING THE TWO GOODS TOGETHER IS LESS THAN THE COST OF PRODUCING THE GOODS SEPARATELY.
The economy of scope is the proportionate savings that is gained by producing two or more different goods together, when the cost of doing so is less than that of producing each separately.

A policy that temporarily denies new appointments to a medical staff is called

Answers

The answer to the question being raised about a policy that temporarily denies new appointments to a medical staff is called Moratorium. Moratorium may come in different form one of which is the temporary denying of an appointment or an authorized period of delay or waiting or even suspension of an activity.

 

How will the crm system with appropriate customer support and relationship management applications help reduce information silos as well as fix data integrity problems within gearon?

Answers

The correct option is this: TRAINERS, NUTRITIONISTS AND COACHES WILL HAVE ACCESS TO MEMBERS' DATA AND WILL BE QUICKLY AND EFFICIENTLY ALERTED REGARDING CUSTOMERS' NEEDS.
Information silos refer to an information management system that is unable to freely communicate with other information management system. A CRM system will help to reduce information silos.

Why is it important to review your personal information for accuracy when you receive an invoice?

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When you receive an invoice, it is important to review your personal information for accuracy, the reason behind this is to ensure that the invoice is going to sent you and it is related to you. To make sure that the information you sent or saved is related to you and is reliable, this is done by reviewing your personal information.

Discuss why it is often asserted that exporters suffer when their home currencies appreciate in real terms against foreign currencies and prosper when their home currencies depreciate in real terms.

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There are two parties involved in this transaction, the exporter and importer. When the exporter exports goods to the importer, the importer will pay in his or her home currency (importer's currency). So if the currency of the exporter depreciates and the currency of the importer appreciates, then the value of the exporter's currency goes down versus the importer's currency. With this, the exporter will receive less from the importer due to the exchange rate. 

A man eats chips and dips and burgers and fries, and drinks a couple of shakes. afterward, he goes to the gym and does 90 minutes of aerobics, spends an hour on the stair stepper, and then does weights for another hour. he also does not eat for 72 hours. the set of assumptions underlying his behavior would lead to a diagnosis of:

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The set of assumptions underlying his behavior would lead to a diagnosis of non purging type of bulimia nervosa. A purging type falls under the subtypes of bulimia nervosa in which the guy who is suspected of having a non purging type is having to compensate with binge eating and in the same time, the person compensates dieting with exercising excessively.

A technological advance in the economy will lead to __________ price level, _____________ output and ______________ natural rate of unemployment.

Answers

A technological advance will lead to a decrease in price level, while increasing output but also and overall increase in the natural rate of unemployment. It can be assumed that increases in technology will increase automation, leading to these conclusions.

Technological progress in the economy will lead to a decline in prices, increase industrial output, and naturally increase unemployment.

Further explanation

The technological advancements that we have felt in this era have been recognized and can be felt directly that can provide a lot of convenience and comfort for humanity. One impact on the development of communication and information media can be felt in the Economic Field. Technological progress is something that can not be avoided in this life because technological progress will go according to scientific progress.

Innovations are born to have a positive impact on activities. human daily life. This provides a lot of conveniences, as well as a new way of doing human activities. Thanks to this rapidly developing technology, convenience in the economy and industry is very much felt at this time. This is due to technological developments that have a positive impact on the economy and industry, including:

1. Economic Growth Has Increased

This development is beneficial for the development of personal and state economies because the more people who are no longer constrained by the economy will further ease the burden on the state.

2. The occurrence of Industrialization

Many change jobs or switch to earning income from farmers or ranchers to industries, although this can indeed lead to positive or negative things.

3. Industrial World Productivity Increases

With the development of technology that has an impact on the economy and industry, it is certainly beneficial to productivity, both individually and in groups. Of course, this is based on the development of technology and therefore uses technology to increase personal productivity.

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Class: College

Subject: Business

Keyword: Technological impact on the economy.

A monopolist faces a demand curve given by: p = 220 – 3q, where p is the price of the good and q is the quantity demanded. the marginal cost of production is constant and is equal to $40. there are no fixed costs of production. what price should the monopolist charge in order to maximize profit?

Answers

Price = $130.00 First, express q in terms of p by solving for q the equation p = 220 -3q. So p = 220 - 3q p - 220 = -3q -p/3 + 220/3 = q Now the total profit will be pq - 40q. Simplify and substitute the equation above for q. So pq - 40q q(p-40) (-p/3 + 220/3)(p-40) -p^2/3 + 40p/3 + 220p/3 - 8800/3 -p^2/3 + 260p/3 + 8800/3 Now since you want the maximum value, that will be where the root(s) of the first derivative of the above expression is 0, so calculate the first derivative. -p^2/3 + 260p/3 + 8800/3 -2p/3 + 260/3 And solve for 0 -2p/3 + 260/3 = 0 260/3 = 2p/3 260 = 2p 130 = p So the best price for maximum profit is 130. Let's verify that. 130 = 220 - 3q 130 + 3q = 220 3q = 90 q = 30 So at that price point, the monopolist will make 30(130-40) = 30(90) = 2700 profit. Let's verify that by checking the price for 29 and 31 units to see if the profit is reduced for both cases. Trying 29 units. p = 220 - 3q p = 220 - 3*29 p = 220 - 87 p = 133 And calculating the new profit. 29(133-40) = 29(93) = 2697 profit. So there's less profit at a higher price. Now try for 31 units. p = 220 - 3q p = 220 - 3*31 p = 220 - 93 p = 127 And calculating the new profit. 31(127-40) = 31(87) = 2697 profit. And there's less profit at a lower price as well.
Final answer:

To maximize profit, a monopolist should set price where marginal cost equals marginal revenue. In this case, the monopolist should charge $130 for each unit of the good.

Explanation:

The subject of this question is monopolistic economics in relation to price and demand. To maximize profit, a monopolist would set the price at the level where marginal revenue (MR) equals marginal cost (MC). Given that the marginal cost here is constant at $40, then setting MR = MC would set the condition for profit maximization.

First, we derive the marginal revenue equation from the inverse demand function which is p = 220 - 3q. In the inverse demand equation, the coefficient of Q represents the slope of the demand curve and hence to get the MR, we multiply this coefficient by 2, so MR = 220 - 6q. Now, to find the profit-maximizing quantity (q*), we set MR = MC, so 220 - 6q = 40, which means q* = 30.

The monopolist would then substitute q* back into the demand equation to get the price that maximizes profit, so p = 220 - 3*30 which results in p* = $130. Therefore, to maximize profit, the monopolist should charge $130 per unit of the good. This is the profit-maximizing price under monopoly, where price exceeds marginal cost.

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if secondary research​ can't provide the information and insights you​ need, you may need to gather the information yourself with​ ______________ research

Answers

The correct answer is primary research.
If secondary research doesn't provide you with enough information you need for your research, then you may want to go back to the primary research and focus more on that. Even though secondary research is there to provide more details, sometimes it is just not enough.

​activity-based costing requires four steps. list the four steps in the order they are performed.

Answers

Activity based costing have four steps, the steps are as follows:
1. Identification and classification of all the activities in the value chain in relation to the production of the product.
2. Estimation of total cost for each of the activities identified.
3. Computation of a cost driver rate for each activity based on a cost allocation base which has a causal link to the cost of the activity.
4. Application of the activity cost to product using the appropriate cost driver rate.

Hollywood screenwriters negotiate a new agreement with movie producers stipulating that they will now receive 10% of the revenue from every video rental of a movie they authored, when they previously received no royalties. they have no such agreement for movies shown on pay-per-view television. when the new writers' agreement comes into effect, the result will be a ____ in the market for video rentals, which will ____ consumer surplus in the market for video rentals.

Answers

When the new writers' agreement comes into effects, the result will be a PRICE INCREASE in the market for video rentals, which will DECREASE the consumer surplus in the market for video rental.
Video rental and pay per view movies are substitute goods. The royalty payment that the screen writers are demanding for will increase the price of video rental and this will make the consumers to consume less of video rental and more of pay per view movies.

Final answer:

The new screenwriters' agreement on royalties will decrease supply and reduce consumer surplus in the video rental market, as the costs are passed on to consumers leading to higher prices.

Explanation:

When Hollywood screenwriters negotiate a new agreement with movie producers that entitles them to 10% of the revenue from video rentals, the supply curve for video rentals is likely to shift to the left. This change signifies that at any given price, fewer video rentals are made available after the screenwriters' royalties are factored into the cost of supply.

A leftward shift in the supply curve typically results in a higher equilibrium price, assuming demand remains constant. Given the higher price, we'd expect a drop in
consumer surplus, which is the difference between what consumers are willing to pay for a good or service and what they actually pay. If consumers are now paying more for video rentals due to the new royalties, their consumer surplus decreases because some consumers who were willing to rent at lower prices may no longer do so at the higher prices.

To sum up, the new writers' agreement will cause a decrease in supply in the market for video rentals, which will reduce consumer surplus in the market for video rentals.

The chief reason a person becomes a supervisor is his or her work-related knowledge. unique style. strength of personality. confidence.

Answers

The answer is his or her work related knowledge. While supervisor's also have knowledge, unique style, strength of personality, and confidence, it is the knowledge of their job and the knowledge of the people below them that makes for a great supervisor.

Tyree's basketball coach makes his players practice free throws after a difficult practice and under the threat of having the whole team run laps if every player on the team does not sink at least 75 percent of their free throws. tyree's coach is likely trying to instill ________ in his players.

Answers

Final answer:

Tyree's coach is aiming to instill discipline and the ability to perform well under pressure, a trait known as clutch performance. By setting a high success rate for free throws, the coach is teaching the players the importance of consistency and focus in stressful situations, similar to in-game conditions.

Explanation:

Tyree's basketball coach makes players practice free throws under pressure to ensure that they can perform well even in high-stakes situations. By requiring a 75 percent success rate and setting the consequence of the team running laps for failure, the coach is likely trying to instill discipline and clutch performance in his players. Discipline refers to the training that develops self-control, efficiency, and orderliness among the players. Clutch performance, on the other hand, emphasizes the ability to perform reliably under stressful or difficult conditions, mirroring the pressures of a real game.

For example, if we take Helen, who plays basketball and makes her free throws 75 percent of the time, this would mean that out of two free throws she attempts, the probability of making the first shot (Event C) is 0.75, or 75 percent. Practicing under pressure would aim to maintain or improve this consistency. This is similar to what Tyree's coach is trying to achieve - success under pressure, maintaining a high percentage of free throws, and being disciplined in performance to avoid the consequences.

Ian would like to save $2,000,000 by the time he retires in 30 years. if he believes that he can achieve a 6% rate of return, how much does he need to deposit each year, starting one year from now, to achieve his goal? $12,065 $5,790 $37,500 $25,298

Answers

The future worth of the periodic payment, in this case, annual, can be calculated through the equation,

    FV = P x ((1 + r)^n - 1)/ r))

where FV is the future value, P is the periodic payment, r is the interest rate, and n is the number of years. Substituting the known values,

   2,000,000 = P x ((1 + 0.06)^30 - 1)/ 0.06))

The value of P from the equation is $25,297.82

Hence, the answer to this item is the fourth choice. 

A risk management pm is also sometimes called a(n) ________________. accountability manager risk management coordinator key stakeholder scope maintenance manager

Answers

the answer to this question is risk management coordinator
risk management coordinator refers to the the person whose main duty is to minimize the risk and loses from his/her organization.
In order to achieve this, risk management coordinator needs to create a monitoring procedures that sholld be implemented whenever they're analyzing a certain decision

A survey of 1000 executives ranked _____________ at the top, as the ideal manager's skill.

Answers

Listening was ranked as the number one skill executives would want in their ideal managers. They want managers who will listen to their bosses, their subordinates, and their clients.

The spheres of security are the foundation of the security framework and illustrate how information is under attack from a variety of sources, with far fewer protection layers between the information and potential attackers on the __________ side of the organization.

Answers

The answer in the space provided is people. It is because there are only little focus on the people side of organization because they had only provided only few protection in regards with the people in terms of their attackers and information.

Final answer:

The spheres of security in an organization highlight how information could be at risk, especially more from the external side. These organizational security risks parallel the wider security challenges nations like the United States face. Security frameworks, whether geopolitical or organizational, help make sense of such challenges, enabling effective prevention or action.

Explanation:

The spheres of security in an organization indicate how information can be under potential attack. The rate of these cyber threats is far higher from the external side of an organization. The protection, in this context, is likened to the security goals of a country like the United States - safeguarding its citizens and its allies. Similar to how nations face threats such as military attacks or economic sanctions, an organization faces attack vectors in cyberspace. These could be from rival companies, hackers, or even state-sponsored attacks.

At a systemic level, understanding how cooperation and conflict among states often mirror interactions between organizations, particularly in how they respond to threats, provides a framework to understand the dynamics in a digitally connected world. For example, the nuclear arms race between India and Pakistan is a form of high-level deterrence against overtly aggressive actions. This can be compared with organizations developing robust cybersecurity practices as a deterrent against cyber-attacks.

Political scientists use various frameworks to interpret state's responses to the actions of other states, equally IT security professionals use frameworks to understand and counter cyber threats, ensuring the optimal security of organizational information.

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Lino is a linebacker on his college football team. he is concerned about achieving adequate hydration during intense, hot summer football practices. lino weighs himself before and after practice and notices that he loses five pounds by the time practice is over. about how much water would be enough to replace these fluid losses?

Answers

2 quarts, 1 cup, 5 ounces. or about 5 pints. If Lino's losses are just due to water, then the problem can be rephrased as "What volume of water would it take to weight five pounds?" So, let's figure that out. Since the problem is stated in imperial units, the answer will also be in imperial units. But since the easiest source of the mass of water is metric, the problem will be using quite a few conversion factors to and from metric. Initial known facts Water masses about 1 gram per cubic centimeter, Conversion factors 1 pound = 0.453592 kilograms 1 liter = 0.264172 gallons Since we have 5 pounds, let's convert that to kilograms. 5 lb * 0.453592 kg/lb = 2.26796 kg And since 1 liter of water weight about 1 kilogram, that means we need 2.26796 liters of water. Now convert to gallons. 2.26796 l * 0.264172 gal/l = 0.599131529 gal Now there's 128 ounces in a gallon, so 0.599131529 gal * 128 oz/gal = 76.68883573 oz Rounding up to 77 ounces of water. Since there's 8 ounces per cup, we can divide and get 9 cups, 5 ounces Since there's 2 cups per pint, we can say 4 pints, 1 cup, 5 ounces And finally since there's 2 pints per quart, we can say 2 quarts, 1 cup, 5 ounces. Or since you're interested in an approximate amount, you can remember the mnemonic "a pint's a pound the world around." and using that mnemonic, figure that since he lost 5 pounds, he lost about 5 pints of fluid. So he needs 5 pints of fluid to restore himself.

Smith was employed as a salesman for borden, inc., which sold food products in 63 counties in arkansas, 2 counties in missouri, 2 counties in oklahoma, and 1 county in texas. smith's employment contract prohibited him from competing with borden after leaving its employ. smith left borden and went to work for a competitor, lady baltimore foods. working for this second employer, smith sold in 3 counties of arkansas. he had sold in 2 of these counties while he worked for borden. borden brought an injunction action against smith and lady baltimore to enforce the noncompete covenant in smith's former contract. was borden entitled to the injunction?

Answers

Final answer:

Yes, Borden was entitled to the injunction against Smith and Lady Baltimore Foods for violating the noncompete covenant in Smith's employment contract.

Explanation:

Yes, Borden was entitled to the injunction against Smith and Lady Baltimore Foods. Smith's employment contract with Borden contained a noncompete covenant, which prohibited him from competing with Borden after leaving its employ. Smith went to work for Lady Baltimore Foods, a competitor of Borden, and sold in three counties of Arkansas, two of which he had already sold in while working for Borden. By doing so, Smith violated the noncompete covenant in his employment contract, giving Borden valid grounds for seeking an injunction to enforce the covenant.

He orthogonal you drew ________. if you were to draw other orthogonals on the same map panel, they would be oriented "parallel" to the orthogonal you drew.

Answers

The orthogonal you drew IS STRAIGHT. If you were to ............................ you drew. Two drawn lines are said to be orthogonal if they are perpendicular to each other, that is, they form a right angle. If a straight orthogonal is drawn, then other orthogonal drawn on the same map panel will be parallel to the straight orthogonal.

You have just been hired as a database administrator for an international corporation that is a holding company for many other companies. your first task is to design a new database infrastructure for the corporation. to

Answers

First of all you need to get the knowledege about previous as you only a database administrator.

Wesley's grandfather was a sharecropper, farming someone else's land. wesley's father was a farmer who farmed his own land. wesley owns an international dairy company that is responsible for providing milk products to people all around the world. this reflects:

Answers

Final answer:

Wesley's family history exemplifies the transition from sharecropping to land ownership to operating an international business, reflecting significant social and economic transformations across generations and the shift from subsistence farming to global capitalist production.

Explanation:

Wesley’s family history showcases a transformation from sharecropping to owning land, and finally to running a global dairy business. This reflects significant changes in economic conditions and social structures over generations. Initially, Wesley's grandfather, as a sharecropper, did not own the land he worked on and was part of a system often tied to economic dependency and insecurity. As a sharecropper, he would have paid the landowner a portion of the crops as rent, reminiscent of post-Civil War economic arrangements in the South. In contrast, Wesley's father achieved economic autonomy, a trait valued in both historical and contemporary agricultural societies, by farming his own land which allowed him a degree of independence and the ability to pass on wealth to the next generation.

Now, Wesley's ownership of an international dairy company signifies a leap into large-scale, global capitalist production. This shift indicates not only personal family advancement but also broader socio-economic developments, where agriculture has moved from subsistence and small-scale farming to industrial and international business operations, reflecting a more complex and interconnected global economy. Wesley's current position is far removed from the risks and vulnerabilities that his grandfather faced, such as the cyclical nature of the harvest and potential debt spirals that could cause farmers to lose their land and fall into sharecropping or other forms of labor exploitation, as was common in the past.

Corporate event planners should have strong (a) ________ to book lodging and convention services as needed.

Answers

The answer is correct negotiating skills, this skill is needed when a corporate event planner is in charged with book lodging and convention services because having correct negotiating skills is a way of having to be able to negotiate with the clients in a more professional and inviting behavior.

True or false: the price floor of $6 per pound of cheese reduces the total revenue of cheese producers.

Answers

The price floor of $6 per pound of cheese reduces the total revenue of cheese producers. TRUE

Final answer:

The impact of a price floor of $6 per pound on cheese producers' total revenue depends on market conditions. A rise in input costs (milk) reducing supply could lower revenue, while increased demand might raise revenue. The price floor's effect also depends on whether it's above or below the market equilibrium price.

Explanation:

A price floor of $6 per pound of cheese reduces the total revenue of cheese producers cannot be definitively answered as true or false without more contextual information about the market conditions before and after the imposition of the price floor. However, we can analyze the scenarios provided:

If the price of milk rises, causing a decrease in the supply of cheese by 80 pounds at every price, cheese producers might indeed experience a reduction in total revenue due to a reduced quantity of cheese being available for sale, assuming the price floor is above the equilibrium price.Conversely, if a new study increases demand for cheese by 20% at every price, this heightened demand could mitigate or even overcome the negative impact of reduced supply on total revenue, potentially leading to increased revenue for cheese producers even with a price floor in place.

Also, if the price floor is set below the equilibrium price, it would not be binding and therefore would not impact revenues. But if the price floor is above the equilibrium price, it could cause a surplus and potentially reduce total revenue.

Why should companies be careful to define cash and cash equivalents correctly?

Answers

If a company overstates cash and cash equivalents, they will appear more liquid than they really are .which would mislead investors and they may feel risky for investing on that company shares. On other side ,it will be more difficult to calculate the exact value or net worth of the company.

Discuss the actions taken by the read_item and write_item operations on a database.

Answers

A "read_item" operation within a database would check the value of variable from a database, and store it in memory. Conversely, a "write_item" operation on a database would update the value of that variable to a new definition.
Final answer:

The read_item operation retrieves data from the database, while the write_item operation inserts or updates data. Both operations are vital for database management, aiming to maintain data integrity, concurrency control, and uphold the ACID properties.

Explanation:Database Operations: Read_item and Write_item

The operations read_item and write_item are fundamental in the management of databases. The read_item operation is concerned with retrieving data from the database. When this operation is invoked, it accesses the database, finds the desired item based on some form of identifier like a key or index, and reads the item's data, making it available for the user or application.

The write_item operation, on the other hand, is used to insert or update data in the database. This operation entails changing the current state of the database by adding a new item or modifying an existing item's data. The process usually involves specifying the data to be written along with a unique identifier to place or replace the data in the correct location within the database.

Both operations must be handled with care to maintain data integrity and ensure concurrency control in a multi-user environment. The use of such operations is also critical for maintaining the ACID properties (Atomicity, Consistency, Isolation, Durability) which are essential for database reliability.

On october 1, 2014, balkan, inc. accepted from another corporation a 1-year note receivable in the amount of $15,000, with an interest rate of 6%. how did this transaction affect balkan's financial statements?

Answers

Balkan's assets will increase by Accounted receivable: $15,000 + Interest Receivable (0.06)$15000 = $15,900, at October 1st, 2014.
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