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Monica [59]
1 year ago
7

Impact of new vendor with zero opening balance

Business
1 answer:
Marianna [84]1 year ago
5 0

The impact of the vendor with the zero opening balance is to show that the account has been correctly set up.

<h3>What is the vendor opening balance?</h3>

This is the term that is used to refer to the amount of money that is in an account at the particular time that the account is newly opened.

The way that the vendor balance can be gotten is when the opening balances that are in a new year are carried forwards and the customers are done. In order to track this, the code that is to be used is F. 07.

The opening balance is what would have to be brought forward at the end of an accounting period and it is usually what the vendor would have to use as they try to keep a track of the cash flow that is in their account.

Hence we would say that the impact of the new vendor with this balance that is 0 is to help to determine how correct the set up of the account has been done.

Read more on opening balance here: brainly.com/question/26235574

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When the actual reserves held by a bank exceed the legal requirement
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Answer:

B. Choose narrowed over broad keywords.

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Choose narrowed over broad keywords.

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When a market experiences a positive externality,
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b. The demand curve does not reflect the value to society of the good.

Explanation:

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An externality can either be positive or negative which can be caused by either production or consumption of a good or service. The cost or the benefit  can affect an individual or a society as a whole. A typical example of a negative externality is pollution which can cause negative cost to a third party in terms of health expenses. An example of a positive externality on the other hand is when a well educated labor force increase their productivity.

The government and local authorities can control negative externality by imposing taxes and regulation of these products. The government can also overcome negative externality by imposing subsidies on the goods that improve positive externality.

The demand curve however does not reflect the value to society of the good. It only reflects the relationship between the price and the quantity of goods consumed.

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Answer: (2823, 3417)

Explanation:

The confidence interval for the population mean is given by :-

\mu\ \pm E, where E is the margin of error.

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Given : Significance level : \alpha=1-0.95=0.05

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Now, the 95% confidence interval for the population mean will be :-

3120\ \pm\ 297 =(3120-297\ ,\ 3120+297)=(2823,\ 3417)

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