During the month of July, Clanton Industries issued a check in the amount of $845 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should:
A. Add the check amount to the bank balance.
B. Deduct the check amount from the bank balance.
C. Make a journal entry in the company records for an error.
D. Add the check amount to the book balance of cash.
E. Deduct the check amount from the book balance of cash.
Answer: B
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Robin Co. has a defined benefit pension plan that has experienced differences between its expected and actual projected benefit obligation. Data on the plan as of January 1, 2016, follow: Unrecognized net gain$ 98,000 Fair value of plan assets250,000 Projected benefit obligation380,000 There was no difference between the company's expected and actual return on plan assets during 2016. The average remaining service life of the company's employees is 12 years.Required:Determine the amount of the net gain or loss to be included in pension expense for 2016 and indicate whether it is an increase or decrease in the pension expense calculation.
What will be an ideal response?
Product design involves making decisions about all of the following except?
a. Characteristics of goods and services b. Pricing of goods and services c. Features of goods and services d. Performance of goods and services
Association detection is a technique used to divide information sets into mutually exclusive groups such that the members of each group are as close together as possible to one another and the different groups are as far apart as possible.
Answer the following statement true (T) or false (F)
Battista Stationery Company is a price-taker and uses target pricing
The company has completed an analysis of its revenues, costs, and desired profits and has calculated its target full product cost. Refer to the following information: Target full product cost $600,000 per year Actual fixed cost $280,000 per year Actual variable cost $3 per unit Production volume 150,000 units per year Actual costs are currently higher than target full product cost. Assume all products produced are sold. Assuming that variable costs are dependent on commodity prices and cannot be reduced, what is the target fixed cost? A) $320,000 B) $450,000 C) $150,000 D) $600,000