Osborn Company Assembled the Following Information in Completing Its March

question 24

Multiple Choice

Osborn Company assembled the following information in completing its March bank reconciliation: balance per bank $11,460; outstanding checks $2,325; deposits in transit $3,750; NSF check $240; bank service charge $75; cash balance per books $13,200. As a result of this reconciliation, Osborn will

• A) reduce its cash account by $1,425.
• B) reduce its cash account by $75.
• C) increase its cash account by $165.
• D) reduce its cash account by $315.

Analyze the impact of special orders on operating income.

Determine the minimum acceptable price for special orders and product pricing.

Evaluate make or buy decisions using relevant costing.

Assess the financial implications of discontinuing a product or department.

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Definitions:

Motor Vehicle Crashes

Incidents involving the collision of automobiles, leading to property damage, injuries, or fatalities.

High-risk Activities

Actions or behaviors that have a significant potential for causing harm or injury.

Texting

The act of sending and receiving short written messages, typically using a mobile phone or another electronic device.

Drinking Alcohol

The consumption of beverages containing ethanol, which is a psychoactive substance.