1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RUDIKE [14]
1 year ago
10

What does reconciling an account mean?

Business
1 answer:
Gala2k [10]1 year ago
8 0

Reconciliation is the accounting process of comparing two data sets to ensure that the numbers are correct and consistent.

Reconciling bank statements simply means comparing your internal financial records with those provided by your bank. This process is critical to being able to identify anomalous transactions caused by fraud or accounting errors.

All businesses are required to reconcile their banks at least once a month. It is convenient to reconcile the books immediately after the end of the month, as at the end of the month your bank will send you a monthly statement that you can use as the basis for your reconciliation. Balance sheet reconciliation is the process of closing the balances of all individual companies.

Learn more about Reconciliation here:- brainly.com/question/15525383

#SPJ4

You might be interested in
Three common methods employed in the clean-up of oil spills are
podryga [215]
Burn surface water
Use bacteria
Skim the surface area
7 0
3 years ago
______ is held to respond to the uncertainties in demand and supply levels.
rusak2 [61]

Answer:

Safety Stock.

Explanation:

Safety Stock is held to respond to the uncertainties in demand and supply levels because it is an additional amount of a product or material which is generally held in an inventory to mitigate or lessen the risk that a product or material will become out of

stock.

In Business management, the safety stock can be calculated using the following formula;

<em>Safety stock = (Md * Ml) - (Ad * Al) </em>

Where;

Md = maximum daily usage.

Ml = maximum lead time in days.

Ad = average daily usage.

Al = average lead time in days.

3 0
3 years ago
Assume that the risk-free rate is 6% and the market risk premium is 8%.
valkas [14]

Answer:

r or expected rate of return - market = 0.14 or 14%

r or expected rate of return - stock = 0.2120 or 21.20%

Explanation:

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.  

The formula for required rate of return under CAPM is,

r = rRF + Beta * rpM

Where,

  • rRF is the risk free rate
  • rpM is the market risk premium

Under CAPM, the assumption follows that the beta of the market is always equal to 1.

So, expected return on the stock market will be,

r or expected rate of return - market = 0.06 + 1 * 0.08

r or expected rate of return - market = 0.14 or 14%

The beta of the stock is given. We calculate the required rate of return on the stock to be,

r or expected rate of return - stock = 0.06 + 1.9 * 0.08

r or expected rate of return - stock = 0.2120 or 21.20%

4 0
3 years ago
Suppose your principal objective is to maximize the selectivity of monochloroethane production relative to dichloroethane produc
Makovka662 [10]

We are given the series of chemical reactions:

Ethane is chlorinated in a continuous reactor:

C2H6 + Cl2 --> C2H5Cl + HCl

 

But some of the product monochloroethane becomes further chlorinated by an undesired side reaction:

C2H5Cl + Cl2 --> C2H4Cl2 + HCl 

 

So to avoid the product monochloroethane to be further chlorinated, there must be fast processing or fast conversion of ethane so that there would less time for further chlorination. Hence we must design the reactor for high conversion of ethane.

 

To make the process economical, there must be a downstream separation step that would separate the main product monochloroethane from the undesired product dichloroethane.

4 0
3 years ago
The fixed cost of Brendon Willows, a baseball bat manufacturing company, is $500,000 per year. The cost of wood and labor to man
Inessa [10]

Answer:

option (B) 25,000

Explanation:

Data provided in the question:

Fixed cost = $500,000 per year

Cost of wood and labor to manufacture one bat = $5

Selling price of the bat = $25

Now,

At breakeven, total cost equals to the total revenue

let the breakeven quantity be 'x'

thus,

$500,000 + $5x = $25x

or

$25x - $5x = $500,000

or

$20x = $500,000

or

x = 25,000

Hence,

the correct answer is option (B) 25,000

7 0
3 years ago
Other questions:
  • Which of the following is a generic term that denotes the broad range of possibilities of product​ attributes? A. Offering B. Va
    10·1 answer
  • What best determines whether a borrower's investment on an adjustable rate loan goes up or down?
    7·1 answer
  • b. Suppose Tom has $5 to spend on Batman and Superman comic books (nothing else matters to Tom). If Tom wants to maximize his ut
    12·1 answer
  • For questions 1-10, fill in the blank with the letter of the term that best matches the description. 25 POINTS! PLEASE HELP ME A
    14·2 answers
  • Splish Brothers Inc. accepted a national credit card for a $11200 purchase. The cost of the goods sold is $7200. The credit card
    6·1 answer
  • A project has an initial cost of $80,000 and a 3-year life. The company uses straight-line depreciation to a book value of zero
    10·1 answer
  • Which of the main components of money management involves creating a plan for spending and saving during particular time periods
    12·1 answer
  • What is the business?
    7·1 answer
  • Can you give me 20 examples of nonverbal communication?? Pleasee
    7·1 answer
  • What are businesses within the
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!