Answer:
bank statement 56,300
Checks outstanding (25,390)
Deposit in transit not recorded by bank<u> 13,325 </u>
Adjusted bank statement 44,235
Cash account 42,920
Bank debit memo for service charges (35)
check register error: <u> 1,350 </u>
Adjusted cash account 44,235
Explanation:
The procedure is to adjust for the unknow information and mistake of each party.
The bank is unaware of the check outstanding and deposit in transit
The company thanks to the banbk statement gets information about a mistake in his check register as it was posted for 1,500 when it should be 150.
purchased goods for Rs 10000 and paid Rs 4000 in cash. The balance amount is paid through cheque after receiving discount Rs 500.
Total balance is 500
In economics, a good is anything that satisfies a person's needs and provides utility, such to a customer buying a satisfying product. Services that cannot be transferred and transferable products are two categories that are frequently distinguished. When a good is helpful to people but is in short supply compared to demand, it is said to be a "economic good" and requires human effort to attain. Free things, on the other hand, like air, are always available and don't require any deliberate effort to obtain. Private goods include anything a person owns or uses on a regular basis that is unrelated to food, such as televisions, living room furnishings, wallets, cell phones, etc.
A consumer good, often known as a "ultimate good,"
Learn more about good here
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Answer:
neither she nor her supervisor has any demonstrable reason to access such information.
Explanation:
When security measures are introduced in information system access in an organisation, an individual is limited to only a defined set of data.
Access to data outside one's normal job role requires a request for addition of such access.
In the given instance Northwestern Data Systems has adopted a new organizational approach that ensures employees have access to the only data they need.
Stacy, an administrative assistant requests a report regarding disciplinary action on a manager outside her department.
She will not be able to get it because she should normally not be able to discipline a manager.
So she can't access it because neither she nor her supervisor has any demonstrable reason to access such information.
Answer:
Please find the detailed answer as follows:
Explanation:
After reviewing Digby's current strategy, top five sources of competitive advantage for digby are as follows:
- Increase demand through TQM initiatives
.
- Offer attractive credit terms
.
- Seek excellent product designs, high awareness, and high accessibility
.
- Seek high plant utilization, even if it risks occasional small stockouts
.
- Reduce cost of goods through TQM initiative.
Related concepts to understand the problem.
Competitive advantage. A competitive advantage is an improvement over competitors gained by contribuiting consumers greater value.
Answer:
Implicit costs do not require a direct monetary outlay by the firm, whereas explicit costs do.
Explanation:
Rent, salary, and other operating expenses are considered explicit costs. They are all recorded within a firm's financial statements, meaning they are present and clearly shown or reported as a separate cost. The main difference between the two types of costs is that implicit costs are opportunity costs, meaning that it is present but it is not initially shown or reported as a separate cost, while explicit costs are expenses paid with a company's own tangible assets. In other words, explicit costs are always shown, implicit costs are not, at least initially, exactly like the meaning words suggest.
