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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

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As manager of Kids Skids, Meghan wants to develop her relationship management skills. In order to do this, she learns how to
larisa86 [58]

As manager of Kids Skids, Meghan wants to develop her relationship management skills. In order to do this, she learns how to communicate better with other people, learn about different learning styles, understand diversity and how it pertains to relationship building. By learning skills and focusing on how her communication skills very based on different people are, she is likely to become a better leader. When Meghan understands how to be an effective leader and use her management skills, she will have a better flow in the workplace.

3 0
3 years ago
Why do traditional ad/marketing agencies struggle with digital marketing? check all that apply Group of answer choices Hard to c
VikaD [51]

Answer:

Hard to change ; No digital skills among staff

Explanation:

Traditional ad / marketing agencies are the agencies promoting brands through offline ways. Eg : Banners, Pamphlets etc

Digital Marketing agencies are agencies promoting through online ways. Eg : E mail marketing, Social media marketing etc.

Digital Marketing needs more technical expertise than traditional, conventional marketing. So, traditional marketers & their staff face adaptability issues in adapting to the new technically upgraded marketing approaches. Such because their team & staff members have low techno - digital skills, are accustomed to conventional marketing practices.

8 0
3 years ago
When a homeowner visited the home depot to buy what he thought he needed to fix a leaking toilet, he gathered up materials total
Gemiola [76]
The answer to this question is "Market Orientation" such as when the homeowner <span>visited the home depot to buy what he thought he needed to fix a leaking toilet, he gathered up materials totaling almost $70. When on his way to check out, an employee asked him what was he trying to fix. After some discussion, the employee convinced the homeowner that a $5.99 replacement part would fix the problem better than the materials he thought he needed and with less trouble. This kind of discussion between employees and customers is commonplace at the home depot and indicates the retail store has a MARKET orientation.</span>
6 0
3 years ago
Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) 2018 2017 Net income $
e-lub [12.9K]

Answer:

$0.4433 and $0.425

Explanation:

The computation of the earning per share is shown below:

Earning per share is

= (Net income - preference dividend) ÷ (average shares outstanding)

For 2017, it is

= ($156 - $23) ÷ (300 shares)

= $0.4433

For 2018, it is

= ($188 - $18) ÷ (400 shares)

= $0.425

We simply applied the above formula so that the earning per share could be come for both the years

6 0
3 years ago
A stock will pay no dividends for the next 5 years. Then it will pay a dividend of $5 growing at 2%. The discount rate is 10%. W
jok3333 [9.3K]

Answer:

$38.81

Explanation:

The value of the stock is the present value of its future divided payments, bearing in mind that the first dividend is payable six years from,hence, the present value of dividend in year 5( a year before its payment) is then computed thus:

PV of dividend at the end of year 5=expected dividend/discount rate-growth rate

expected dividend in year 6=$5

discount rate=10%

growth rate=2%

PV of dividend at the end of year 5=$5/(10%-2%)

PV of dividend at the end of year 5=$62.50

We need to discount the PV backward by 5 years to show the stock value today

the current stock price=$62.50/(1+10%)^5

the current stock price= $38.81  

8 0
2 years ago
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