Use the following data to answer the question presented below for Raines Corp's preparation of a bank reconciliation on October 31, 2016: Bank statement balance $30,700 Raines' book balance (before adjustments) ? Outstanding checks 4,200 NSF checks 400 Service charges 300 Deposits in transit 3,100 Interest earned on checking account 100 What is the adjusted cash balance on October 31, 2016?
a. $29,600
b. $30,100
c. $30,200
d. $30,700
a
Business
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Laws designed to prevent companies from fixing prices, sharing markets, and gaining unfair monopoly advantages are called ________
A) antitrust laws B) theocratic laws C) anarchist laws D) bilateral laws
Business
Gibson Enterprises is an MNE that relies on just-in-time inventory management and lean manufacturing systems to optimize quality and efficiency. For the last few years, Gibson has used the same foreign sources for its raw materials
What is the most likely risk faced by Gibson because of foreign sourcing? A) quality of incoming inventory B) uncertainty of arriving parts C) few available suppliers D) high inventory costs
Business