Donna lansbury company deposits all receipts and makes all payments by check. the following information is available from the cash records. june 30 bank reconciliation balance per bank $30,800 add: deposits in transit 6,776 deduct: outstanding checks (8,800 ) balance per books $28,776 month of july results per bank per books balance july 31 $38,060 $40,700 july deposits 19,800 25,564 july checks 17,600 13,640 july note collected (not included in july deposits) 6,600 july bank service charge 66 july nsf check from a customer, returned by the bank (recorded by bank as a charge) 1,474. prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?