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As the Junior Bank Clerk of a business, one of your monthly tasks is to prepare the bank reconciliation statement.
At the month ending 31 January 2012, the bank statement has been compared with the cash book and the following differences identified:
1. A BACS receipt of £1,600 from a customer has not been entered in the cash book.
2. A cheque for £458 has been incorrectly entered in the cash book as £485.
3. Cheques totalling £900 paid into the bank at the end of the month are not showing on the bank statement.
4. Bank interest received of £25 was not entered in the cash book.
The balance showing on the bank statement is a credit of £2,600 and the balance in the cash book is a debit of £1,848.
Find the following values for a single cash flow: a. The future value of $500 invested at 8 percent for 1 year b. The future value of $500 invested at 8 percent for 5 years
Bentley Plastics Ltd. Has annual fixed cost of $450,000, variable costs of $15 per unit and a contribution rate of 40% a. What annual revenue is required to break even? b.
A soft drink maker wants to expand into a neighboring country. They want the product bottled in that country to avoid political issues and to enhance the local image of the produc
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Vintage Auto Company manufactures parts to order for antique cars. Vintage Auto makes everything from fenders to engine blocks. Each customer order is treated as a job. Vintage Aut
Typical Causes of Labour Variances Labour Rate Variances a) Higher rates being paid than planned because of wage raise awards. b) Lower or Higher grade of work
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