Final answer:
The information provided does not allow us to calculate the adjusted cash balance per books for Karlin Company. However, an example of an accounting profit calculation shows that a firm with $1 million in sales and $950,000 in explicit costs would have an accounting profit of $50,000.
Step-by-step explanation:
The reconciling information provided for Karlin Company's bank reconciliation does not contain sufficient data to calculate the adjusted cash balance per books on April 30. To determine the adjusted balance, we would need specific details such as the starting balance, outstanding checks, deposits in transit, bank fees, errors, and any other possible adjustments.
If we reference a related but separate question about an accounting concept:
Accounting profit is calculated by subtracting explicit costs from total revenues. In the provided example, a firm with sales revenue of $1 million spent $600,000 on labor, $150,000 on capital, and $200,000 on materials. Hence, the firm's accounting profit would be calculated as follows:
Accounting Profit = Total Revenues - Explicit Costs
Accounting Profit = $1,000,000 - ($600,000 + $150,000 + $200,000)
Accounting Profit = $1,000,000 - $950,000
Accounting Profit = $50,000
This profit calculation helps businesses determine their earnings after covering all explicit costs but before considering implicit costs or opportunity costs.