The August 31 bank statement of Mervin Inc showed a balance of $113,000 . Deducted in arriving at this amount was a customer's NSF check for $2,400 that had been returned. Mervin had received no prior notice concerning this check. In addition to the bank statement, other records showed there were deposits in transit totaling $17,200 and that outstanding checks totaled $10,800 . What is the cash

balance per books at August 31 (prior to adjustments)?
a. $121,800
b. $119,400
c. $117,000
d. $115,400


A

Business

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Generally, all deductions made from an employee's gross pay are required by law

Indicate whether the statement is true or false

Business

The set of distinctive characteristics that lead an individual to respond in a consistent way to certain situations is referred to as that individual's

A. attitude. B. lifestyle. C. personality. D. values.

Business

SCENARIO-BASED QUESTIONS Clean Air Committee Requests Carpooling As the new chairperson for your company's Clean Air committee, one of your responsibilities is to encourage employees to form car pools. In the past, employees have resisted forming car

pools for a number of reasons, including the lack of an organized program, the complexity of flextime schedules, and the extra time needed to pick people up. Your company has agreed to provide privileged parking spaces to car pool participants but will not provide any monetary incentives. Required: Write a persuasive memo or email to all employees encouraging them to form carpools. You may add any terms of persuasion necessary to influence them to participate.

Business

Company X has net sales revenue of $1,253,000, cost of goods sold of $785,500, and all other expenses of $307,000. The beginning balance of stockholders' equity is $575,000 and the beginning balance of fixed assets is $378,000. The ending balance of stockholders' equity is $1,025,000 and the ending balance of fixed assets is $406,000.Required:Compute the return on equity (ROE) ratio. (Round your answer to the nearest whole percent.)Return on Equity?

What will be an ideal response?

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