Area is similar to _____

Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the clo

Sergeeva-Olga [200]

Answer:

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The journal entries are shown below:

a. No journal entry required

b. Miscellaneous expense A/c Dr $16

To Cash A/c $16

(Being service charges is paid)

c. Cash A/c Dr $9 ($476 - $467)

To Utilities expense A/c $9

(Being correction is recorded)

d. No journal entry required

The preparation of the bank reconciliation statement is presented in the spreadsheet. Kindly find the attachment below:

8 0

4 years ago

The erie canal connected industry and consumers in the east with what group?

umka21 [38]

The Erie canal was able to connect industries and consumers in the east with c. Midwestern farmers.

The Erie Canal:

Was completed in 1825
Connected New York City and the Great Lakes
Allowed for goods to be shipped to and from the New York to the Great Lakes

The Great Lakes were accessible to farmers in the midwestern region and after the Erie Canal was built, farmers were able to send their produce via the Great Lakes and through the Erie Canal to New York City where it could be purchased by industries and people or shipped internationally.

In conclusion, the Erie canal was very important to midwestern farmers as it increased their reach.

Find out more at brainly.com/question/6499420.

Options for this question include:

a. Southern planters

b. Canadian fur traders

c. Midwestern farmers

d. New England fishers

7 0

2 years ago

Hector would like to buy a new pair of soccer cleats. Hector prefers Adidas to Puma brand soccer cleats. But Hector chooses to b

oksano4ka [1.4K]

Answer: Option (A) is correct.

Explanation:

It was given that consumer prefers Adidas to puma brand soccer cleats but he buys puma brand soccer cleats. This is only because of the price theory and rational consumer choice. We know that a rational consumer will choose a product with a lower price. Both puma and Adidas brand soccer cleats are substitutes, thus, if the price of puma cleats is lower than the Adidas cleats then he should prefer puma brand soccer cleats.

3 0

4 years ago

The Clark Sports Camp operates three sports programs: basketball, lacrosse and field hockey. The camp provides a unique opportun

igor_vitrenko [27]

Answer:

1. Impact on profits:

Contribution Margin = $63,000

Less: Traceable Rent = $10,000

Less: Salary of Director = $10,000

Total avoidable fixed expenses = $20,000

Decrease in Profits = $43,000

Hence, the profits will reduce by $43,000 if the basketball program is eliminated.

3. If the allocated fixed costs can be reduced by $50,000. The program should be dropped since there will be an increase in profits by $7,000 (50,000 - 43,000). The avoidable costs and revenues should be taken into account for the purpose of this decision. If the avoidable costs are more than the revenues, the line should be dropped else not.

Hence, since after considering the reduction in allocated fixed costs, the avoidable costs are greater than revenues, the program should be dropped

5 0

3 years ago

héctor manages a plastics factory that manufactures pet chew toys. senior management has decided to change the company’s bonus s

alexgriva [62]

Calling a face-to-face meeting with the employees is the best way that Hector can announce about change of the bonus structure.

Face-to-face meeting is a type of meeting where the participant of discussion are all present physically therein.

The major advantage of the Face-to-face meeting is that its allows effective communication and feedback from or among the participants

Therefore, the correct answer is Option B because it is the best way by which Hector can announce about change of bonus structure.

The missing options includes "Héctor should send each employee a personal note, Héctor should call a face-to-face meeting with the employees, Héctor should send a companywide e-mail, Héctor should post an announcement in the break room, near the coffee machine."

Learn more about this here

brainly.com/question/14617264

6 0

3 years ago

Area is similar to ______ .