Deposits in transit would be added to the balance per book on a bank reconciliation.
<h3>What is Bank reconciliation?</h3>
Bank reconciliation is the process by which cash balances available in an individual or organization accounting records are matched together the corresponding information of bank statement. The main objective of this statement is distinguish the differences between the book changes and the accounting records as appropriate.
Therefore, Deposits in transit would be added to the balance per book on a bank reconciliation.
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Answer:
Consumers cannot find enough of a popular new toy in stores.
Explanation:
If there is a shortage, there is not enough supply for the demand.
Answer:
$3,400
Explanation:
Calculation for How much of the cash dividends received are Mr. and Mrs. Jones liable for
Cash dividends received=Cash Dividend+ Cash Dividend
Cash dividends received=$3,000+$400
Cash dividends received=$3,400
Therefore the amount of the cash dividends received are Mr. and Mrs. Jones liable for when filing their joint return is $3,400 reason been that Cash dividends received by a person or an individual are totally taxable which is why the total amount of $3,400 was liable for taxes.
Answer:
Net operating income= 15,000
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
<u>In this case, there is no beginning nor ending inventory. Fixed overhead is incorporated into the cost of goods sold in full.</u>
Sales= 500*100= 50,000
COGS= (10 + 25 + 15)*500 + 10,000= (35,000)
Gross profit= 25,000
Total selling and administrative costs= (5*500) + 7,500= (10,000)
Net operating income= 15,000