Marjorie Company's cash balance per the books at the end of the month was $ 7 comma 300. After comparing the company's records with the monthly bank statement, Marjorie's accountant identified the following reconciling items: outstanding checks, $800; deposits in transit, $700; bank service charge, $ 20; and NSF check, $ 200. The bank collection of a note receivable was $ 1 comma 400 plus interest of $ 160. There also was an EFT payment of $ 180. What is the adjusted book balance at the end of the month?
A. $8470
B. $8640
C. $7270
D. $8490
Answer: D. $8490
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Delbert is 55 years old and was recently laid off from his job at the Middle America Corporation. He has applied for 30 different jobs, but has been told that he is too old and that companies prefer younger workers. Does Delbert have any recourse under federal law?
To edit an account in the Chart of Accounts:
A. From the Chart of Accounts window > Account > Edit Account B. From the Company Center > Edit Chart of Accounts C. From the Chart of Accounts window > Account > New Account D. From the Company Menu > New Account
Which of the following is FALSE with respect to resource estimation activity?
A) This information is used to create a project resource plan. B) Project managers use a variety of tools to assist in making estimates of project size and costs. The most widely used method is called COCOMO. C) Resource estimates may need not be revised based upon the skills of the actual person (or people) assigned to a particular activity. D) People are the most important, and expensive, part of project resource planning.
Ann Co. uses the dollar-value LIFO retail method. The beginning inventory, purchased when the price index was 100, had a retail value of $4,000 and a cost of $3,600. During the period, purchases amounted to $60,000 at retail ($52,800 at cost). Sales amounted to $56,300. The year-end price index was 110. What is the cost of ending inventory?
A. $6,240 B. $6,504 C. $6,570 D. $6,900