Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on May 31, its Cash account shows a debit balance of $21,525. Clayborn's May bank statement shows $19,400 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit $6,550
Outstanding checks $5,500
Bank service fees, not yet recorded by company $70
A NSF check from a customer, not yet recorded by the company $1,005
The adjusted cash balance should be:

$20,450

Explanation:

With regard to the above, the adjusted cash balance would be computer as;

= Bank balance + deposits in transit - outstanding checks

= $19,400 + $6,550 - $5,500

= $20,450

or

= Bank balance - service fees - NSF checks

= $21,525 - $70 - $1,005

= $20,450

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;