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Sedaia [141]
1 year ago
6

The bank statement reveals an eft payment made to one of the company's suppliers that has not yet been recorded in the journal.

How would this information be included on the bank reconciliation?
Business
1 answer:
dusya [7]1 year ago
7 0

The bank statement reveals an eft payment made to one of the company's suppliers that have not yet been recorded in the journal. This information is included on the bank reconciliation as a deduction on the book side.

An EFT payment is a digital transfer of cash from one bank account to any other, which means there is no need for direct intervention through the financial institution body of workers. EFT payments can be accomplished among any two bills, whether or not they're primarily based on equal monetary organization or now not.

Your EFT payment may take everywhere from one to 4 days. some digital budget transfers are despatched and received on an identical day (e.g., twine transfers). EFT bills are generally the best manner on enterprise days. And, there are probably certain cut-off times.

The primary distinction between EFT and ACH bills is that EFT is an umbrella term for all virtual payments, while ACH is only a particular kind of virtual fee. but they're each digital payments, and in reality, ACH is a form of EFT price.

Learn  more about eft payment here brainly.com/question/3358730

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Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2021 totaled $565,000. The e
beks73 [17]

Answer:

$90,400

Explanation:

Mondale Winery depreciates it's equipment by making use of the group method.

The cost of equipment that was purchased in 2021 totaled $565,000

The residual value of the equipment was $54,000

The group depreciation rate is 16%

= 16/100

= 0.16

Therefore, the annual depreciation can be calculated as follows

Annual depreciation= Cost of equipment × Group depreciation rate

= $565,000×0.16

= $90,400

Hence the annual depreciation for the group is $90,400

4 0
3 years ago
At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player at full capacity that normally
stiks02 [169]

Answer:

Effect on income= $0

Explanation:

<u>Because the company has excess capacity and it is a special offer that would not affect normal sales, we will not include the fixed costs.</u>

Effect on income= total sales revenue - total variable cost

Effect on income= 24*4,960 - (20 + 4)*4,960

Effect on income= $0

8 0
2 years ago
A firm based in mexico has found its growth is restricted by the limited liquidity of the mexican capital market. what are the f
Ronch [10]

The searching companies can work for equity or debt loans in order to raise money on global capital markets. The debt of a foreign institution, lender, and other debt suppliers is also an option to raise money in the capital market. As equity loans include the sale of equity to investors, the issue of bonds is part of debt loans. Capital costs are usually less than in the domestic market and the company can even borrow money from the bank. And enterprises need to be very careful to take into account the risk of adverse exchange rates because, if the peso is to be depreciated, they should be aware of the cost of acquiring the currency needed to repay a foreign exchange loan.

Moreover, foreign equity, floating foreign or Eurobonds offerings, or borrowing on the Euro currency markets may be considered by the Mexican firm. The euro currency market would then certainly provide the company with additional funding at a lower rate domestically. And if the peso decreases in the next 2 years, the company has to repay the credit in a different currency unless the company can use the future market. The value of euro currency loans would definitely be reduced.

We can recognize that the use of both foreign and euro bonds has the same disadvantages as the bonds have to be repaid in an anti-peso currency. The international bond market has important points that are worth considering, given the fewer regulations, disclosure requirements, and fiscal implications if the currency risk can be properly analyzed and minimized. Since the foreign equity market requires no payment to its stockholders and also has the greatest independence from its actions, it is perhaps the most attractive for the company. So, if the hesitations are to be overcome, investors will likely have loan strong growth prospects.

Learn more about loans here

brainly.com/question/25239160

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5 0
9 months ago
What are welfare payments or consumer studies?
klio [65]
Welfare payments are governments subsidies that provide financial aid to those who cannot care for themselves. Some are meant to be temporary aid like TANF, SNAP, and day care programs. Others like programs for the aged, blind, and disabled may be given for the remainder of their lives. 

Hope this helps.
7 0
3 years ago
A borrower expresses a reluctance to continue signing documents. The Notary Signing Agent may:
snow_tiger [21]

Answer:

Recommend the borrower contact the lender representative before signing anymore documents

Explanation:

Notary agents are usually independent professionals within the sector or third parties , who are contracted to create sure all loan documents are signed and notarized properly and delivered . A Notary agent isn't authorized to answer questions on the most points contained within the loan, however a notary agent can give opinions to a signer whether the terms of a loan are a good or not. But if the opinions are on interest rates or other questions concerning the loan, rather it would be best to refer the signer or borrower to contact the lender’s representative

3 0
3 years ago
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