Question
ROUNF TO 2 DECIMAL PLACES AND SHOW WORK CALCULATIONS Rami is the manager of a New York-styles deli. At the end of the day, Rami
ROUNF TO 2 DECIMAL PLACES AND SHOW WORK CALCULATIONS
- Rami is the manager of a New York-styles deli. At the end of the day, Rami and Samantha, his cashier for the second shift, are counting the cash drawer. Samantha began her shift with a $750.00 cash bank. Help Rami and Samantha complete the cashier reconciliation report he has begun, and then answer the questions that follow. (4 points)
Ramis Cashier Reconciliation Report | |||||
Date | 1-15-20xx | Prepared by | Samantha | ||
Shift Cashier | Samantha | Verified by | Rami | ||
Denomination | Quantity on Hand | Value | Total On Hand | Amount per Z Report | |
Hundreds | 4 | $100.00 | Cash sales | $1,403.62 | |
Fifties | 3 | $50.00 | |||
Twenties | 56 | $20.00 | E-wallet sales | $135.21 | |
Tens | 28 | $10.00 | |||
Fives | 15 | $5.00 | Credit card sales | $789.96 | |
Ones | 55 | $1.00 | |||
Rolled quarters | 1 | $10.00 | Less voids (enter as negative) | ($42.85) | |
Rolled dimes | 1 | $5.00 | |||
Rolled nickels | 0 | $20.00 | Total Z sales/receipts | ||
Rolled pennies | 1 | $0.50 | |||
Quarters | 45 | $0.25 | Total cash/noncash on hand | ||
Dimes | 32 | $0.10 | Less cash bank (enter as negative) | ||
Nickels | 17 | $0.05 | |||
Pennies | 56 | $0.01 | Total shift receipts | ||
Other coins/currency | 0 | ||||
Total cash and coins | Cash over/short | ||||
Noncash sales | |||||
E-wallet | receipts attached | $135.21 | |||
Credit cards | receipts attached | $754.66 | |||
Total cash/non-cash on hand |
- What is the amount of Ramis Cash Over/(Short) for this shift? (Round to two decimals, ex: $92.42)
- What are the likely causes of Ramis Cash Over/(Short) amount for this shift?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started