Reference no: EM131061696
- Entrias based on bank reconciliation
Which of the reconciling item.. listed in Exercise 7-16 require an entry in the company's accounts?
The following data 14 ere accumulated for use in reconciling the bank account of Zek's Co. for May 2016:
1. Cash balance according to the company's records at May 31, 2016, $22,110.
2. Cash balance according to the bank statement at May 31, 2016, $29,650.
3. Checks outstanding, 813,875.
4. Deposit in transit, not recorded by bank, 0,770.
5. A check for 850 in payment of an account was erroneously recorded in the check register as $500.
6. Bank debit memo for service charges, $15.
a. Prepare a hank reconciliation, using the format shown in Exhibit 13.
b. If the balance sheet were prepared for Zek's Co. on May 31, 2016, what amount should be reported for rash?
c. Must a bank reconciliation always balance (reconcile)?
|
Theoretical advantage of expected shortfall over var
: What is the difference between expected shortfall and VaR? What is the theoretical advantage of expected shortfall over VaR?
|
|
What price should men and women be charged
: Suppose that the demand equations for men and women for a particular good is as follows: Pw = 6 - (1/8000)Qw and Pm = 10 - (1/8000)Qm. If total quantity of good available is 56000, what price should men and women be charged?
|
|
What is meant by the gamma of an option position
: What is meant by the gamma of an option position? What are the risk in the situation where the gamma of a position is large and negative and the delta is zero?
|
|
Discuss the executive viewpoint
: An airline executive had argues: "there is no point in our hedging the price of jet fuel. There is just as much chance that we will lose from doing this as that we will gain". Discuss the executive's viewpoint.
|
|
Entrias based on bank reconciliation
: The following data 14 ere accumulated for use in reconciling the bank account of Zek's Co. for May 2016: 1. Cash balance according to the company's records at May 31, 2016, $22,110.
|
|
How these changes took place by shifting the appropriate
: Based on both research and the above figures, briefly discuss whether the country you have been assigned to and Australia was hurt more by the GFC in terms of changes in real GDP and unemployment.
|
|
Provide visual presentation of data
: For the situational analysis, you are encouraged to provide visual presentation of data in your situational analysis and use the analysis tools from your textbook and other analysis tools you have used in your program, such as trend analysis, stak..
|
|
Three cornerstones of employee relations
: In Chapter One, we discussed equity as one of the three cornerstones of employee relations. Do you believe that the use of replacement workers during the PATCO strike as well as other strikes is equitable? What do you see as the lingering effects ..
|
|
What is the change in enthalpy under standard conditions
: What is the change in enthalpy (in kJ) under standard conditions when 162.34 g of sodium sulfate dissolves in water? What is the enthalpy of combustion (in kJ/mol) for carbon under standard conditions?
|