Business, 10.03.2020 01:29 Pattondestiny
Acme, Inc.'s books show an ending cash balance of $20,000 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $5,000, deposits in transit of $4,000, NSF check of $300, and interest earned on the bank account of $210, the company's up-to-date ending cash balance equals:
Answers: 1
Business, 22.06.2019 06:30, silas99
Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2
Answers: 2
Acme, Inc.'s books show an ending cash balance of $20,000 before preparing the bank reconciliation....
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