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Dekin Company Had Checks Outstanding Totaling $34,000 on Its May

question 110

Multiple Choice

Dekin Company had checks outstanding totaling $34,000 on its May bank reconciliation.In June, Dekin Company issued checks totaling $212,800.The June bank statement shows that $158,400 in checks cleared the bank in June.A check from one of Dekin Company's customers in the amount of $1,600 was also returned marked "NSF." The amount of outstanding checks on Dekin Company's June bank reconciliation should be

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Definitions:

Increased Efficiencies

Improvements that result in a higher output of goods or services for the same or lower input of resources, often through better management practices, technology, or processes.

Lower Quality

Lower quality refers to a product or service that does not meet the expected standards or specifications, often leading to customer dissatisfaction or increased returns.

Benchmarking

The process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.

Better Performing Companies

Firms that consistently outperform their peers in metrics such as profitability, market share, or innovation.