At April 30 Kessler Company Has the Following Bank Information

question 45

Multiple Choice

At April 30 Kessler Company has the following bank information: $$\begin{array} { l r } \text { Cash balance per bank } & \$ 6,900 \\\text { Outstanding checks } & \$ 420 \\\text { Deposits in transit } & \$ 825 \\\text { Credit memo for interest } & \$ 15 \\\text { Bank service charge } & \$ 30\end{array}$$ What is Kessler's adjusted cash balance on April 30?

• A)$7290.
• B)$7320.
• C)$6495.
• D)$7305.

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Definitions:

Informal Forecasting Techniques

These are non-structured, qualitative methods of predicting future events or outcomes based on intuition, experience, or informal analysis.

Sophisticated Forecasting Methods

Sophisticated forecasting methods involve advanced techniques to predict future events or trends based on historical data and statistical analysis, often utilizing complex algorithms and models.

Approximations

Estimates or close representations of a value or quantity when exact figures are unavailable or unknown.

Labour Market Analysis

The study of a firm’s labour market to evaluate the present or future availability of different types of workers.