The accountant for Fazzi Corp was preparing a bank reconciliation as of April 30, 2016 . The following items were identified: Allan's book balance $46,200 Outstanding checks 1,100 Interest earned on checking account 50 Customer's NSF check returned by the bank 500 In addition, Fazzi made an error in recording a customer's check; the amount was recorded in cash receipts as $150; the bank recorded
the amount correctly as $510 . What amount will Fazzi report as its adjusted cash balance at April 30, 2016?
a. $44,650
b. $45,890
c. $46,110
d. $46,250
c
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Using the high-low method, the total fixed costs are ________. (Round intermediate calculations to two decimal places, and the final calculation to the nearest dollar.)
Bernard Company shows the following manufacturing costs for the first six months of the year:
A) $45,900
B) $14,900
C) $30,324
D) $15,576
The payee is the issuer of a check
Indicate whether the statement is true or false
Which of the following is the best example of the promotional objective of combating competitive promotional efforts?
A. Joy advertises that its dish soap has more suds than Dawn, Sunlight, and other leading dish soaps. B. Joe Boxer and Kmart collaborate to promote Joe Boxer's lines of clothing and housewares. C. The Pork Council advertises pork as the "other white meat" and a healthier alternative to beef. D. After Ford promotes the towing capacity of its F-series trucks, DaimlerChrysler soon emphasizes the towing capacity of its Dodge trucks. E. Hyundai offers 10-year/100,000-mile warranties on its vehicles in order to give customers confidence in its brand name and automotive offerings.
Accounting for the periodic amortization of intangible assets is similar to which depreciation method?
A. Straight-line depreciation B. The periodic amortization of intangible assets is not similar to any depreciation method. C. Units-of-production depreciation D. Double-declining balance depreciation