A bank reconciliation explains any differences between the balance of a checking account on the depositor's records and the balance reported on the bank statement.
Answer the following statement true (T) or false (F)
True
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Paul and Roger are partners who share income in the ratio of 3:2 . Their capital balances are $90,000 and $130,000, respectively. Income Summary has a credit balance of $50,000 after the second closing entry. What is Roger's capital balance after closing Income Summary to the capital accounts?
a. $155,000 b. $150,000 c. $110,000 d. $115,000
With a score of (9, 9) on the Leadership Grid, the leader has a(n) ______.
a. middle-of-the-road management style b. authority-compliance style c. team management style d. impoverished management style
Which statement concerning cultural differences in dining practices is incorrect?
a. In France bringing dogs into restaurants is customary. b. Tahitian food is eaten with the fingers. c. Dogs may be on the menu in South Korean restaurants. d. The U.S. "zigzag" eating style is more efficient than the continental eating style.
The Downstate Block Company has a trucking department that delivers crushed stone from the company's quarry to its two cement block production facilities-the West Plant and the East Plant. Budgeted costs for the trucking department are $700,000 per year in fixed costs and $0.50 per ton variable cost. Last year, 75,000 tons of crushed stone were budgeted to be delivered to the West Plant and 90,000 tons of crushed stone to the East Plant. During the year, the trucking department actually delivered 74,000 tons of crushed stone to the West Plant and 92,000 tons to the East Plant. Its actual costs for the year were $81,000 variable and $708,000 fixed. The level of budgeted fixed costs is determined by peak-period requirements. The West Plant requires 45% of the peak-period capacity and the
East Plant requires 55%. The company allocates fixed and variable costs separately.How much fixed trucking department cost should be charged to the West Plant at the end of the year? A. $312,048 B. $315,000 C. $361,600 D. $315,614