The Accountant for Rogan Corp

question 24

Multiple Choice

The accountant for Rogan Corp.was preparing a bank reconciliation as of February 28,2014.The following items were identified: What amount will Rogan report as its adjusted cash balance at February 28,2014?

• A)$12,385
• B)$12,500
• C)$14,885
• D)$17,385

---

Definitions:

Manufacturer

An entity engaged in the conversion of raw materials or components into finished goods for sale.

Total Product Curve

A graphical representation showing how the total quantity of output of a good or service varies with the amount of a variable input used in production.

Variable Input

Variable Input refers to any input in the production process that varies with the level of output, such as labor, raw materials, and energy, in contrast to fixed inputs which remain constant regardless of the level of production.

Fixed Inputs

Resources or factors of production that cannot be easily increased or decreased in the short term, such as buildings or machinery.