McDermott Company's bank statement for September 30 showed an ending cash balance of $1,546. The company's Cash account in its general ledger showed a $1,205 debit balance.

The following information was also available as of September 30.
1. The bank deducted $195 for an NSF check from a customer deposited on September 15.
2. The September 30 cash receipts, $1,390, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement.
3. A $29 debit memorandum for checks printed by the bank was included with the canceled checks.
4. Outstanding checks amounted to $1,355.
5. Included with the bank statement was a credit memo in the amount of $945 for an EFT in payment of a customer’s account.
6. Included with the canceled checks was a check for $345, drawn on the account of another company. Prepare a bank reconciliation as of September 30.

Panera bread is a chain of cafes serving sandwiches, soups, and freshly baked breads. the company began in 1981 with stores primarily located along the east coast of the united states. since then, the firm has expanded to over 1,300 locations throughout the united states and canada. the firm has strong earnings and has been designated by business week as a "significant growth company." panera bread executives are considering the idea of expanding globally by opening cafes in asia through a franchising strategy. which of the following, if true, supports the argument that panera bread should expand into asia through franchising? a: the panera bread menu changes rapidly, and each cafe's artisan bread bakers receive regular training on new recipes. b: panera bread executives want fast access to the asian market without a significant investment of capital. c: panera bread executives want to test the asian market with a short-term commitment that allows them to make quick profits. d: the panera bread mission is to make excellent bread available to customers around the world.

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

China white was the black market selling of ivory, in which the profit was redistributed back into the trafficking of heroin.