Destroyed checks should be recorded in the checkbook register as "void."
Hope that helps :)
Answer: B. withdrawing funds from the account for the custodian's use
Explanation:
Under the Uniform Gifts to Minors Act, the Custodian's duty is to manage the account for the minor and allocate the assets within in such a way that it will bring about the best returns for the minor.
Custodians should not abuse this power for their own benefit or gain which is why the custodian withdrawing funds from the account for their own use is a violation of the act.
Explanation: Research analysts use the income statement to compare year-on-year and quarter-on-quarter performance. One can infer whether a company's efforts in reducing the cost of sales helped it improve profits over time, or whether the management managed to keep a tab on operating expenses without compromising on profitability.
Answer:
1. $5,250 billion.
2. $3,000 billion.
Explanation:
1. M1 = M2 - Savings deposits - Money market mutual funds - Small time deposits
M1 = $13,700 billion - $7,000 billion - $700 billion - $750 billion
M1 = $5,250 billion
Thus, M1 is $5,250 billion.
2. Currency in circulation = M1 - Checking deposits
Currency in circulation = $5,250 billion - $2,250 billion
Currency in circulation = $3,000 billion
Thus, the amount of currency in circulation is $3,000 billion.
Answer:
C) Work teams generate positive synergy through coordinated effort.
Explanation:
<u><em>Work teams is a team formed with number of individuals working for the same goal, who posses different talents and values, and joint together, providing a positive synergy in the team, towards the common goal.</em></u>
Work teams are focused and for reaching the goals, distribute the work among themselves through a facilitator, who is said to lead the work team, in the process of achieving a common goal.
Therefore, correct statement is:
Statement C
