Which transactions that needs to be reconciled between the bank statement and the books is likely the result of time lag?

In terms of interests in real property, this is not an interest in land but a temporary right to use another's land for a limite

kifflom [539]

Answer:

a leasehold

Explanation:

Leasehold relates to an accounting phrase for a rented resource. Usually the asset is estate such as a house or storage within a building. The lessee buyouts with the property owner in return for a sequence of planned payouts throughout the lease term, for the lawful right to utilize the estate.

Once a lease agreement is signed, to a degree permitted by the deal, the purchaser or tenant starts to construct the accommodation for its activities. In commercial real estate, leaseholds are much more popular whereby supermarkets as well as other facilities can be constructed on the ground but often occur in housing uses, such as homes and condos.

7 0

4 years ago

Mission: To create events that are awesome and classy.

NikAS [45]

Raven can communicate the new company mission statement & goals, as well as the new department goals and action plans to employees through:

a visual aid at the employee meeting
a update mission statement and goals document.

<h3>What is a mission statement?</h3>

This is the document that outlines the overall purpose of an organisation and its reason for existing.

It contains the concise explanation of the organization's reason for existence, purpose and its overall intention. It is structured to supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholder

However, Raven can communicate the new company mission statement & goals, as well as the new department goals and action plans to employees through a visual aid at the employee meeting and a update mission statement and goals document.

Missing words "How can Raven communicate the new company mission statement and goals, as well as the new department goals and action plans to employees? Provide at least two specific examples of actions she can take."

Read more about mission statement

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3 0

2 years ago

Waterway Enterprises reported cost of goods sold for 2020 of $1,385,600 and retained earnings of $5,415,900 at December 31, 2020

levacccp [35]

Answer:

b. Corrected 2020 cost of goods sold = $ 1,320,320.

b. Corrected retained earnings = $5,377,860.

Explanation:

a. Determine the corrected amounts for 2020 cost of goods sold

An overstatement of the beginning inventory has to be deducted from the reported cost of good sold since the amount of the overstatement was added to the cost of goods sold initially.

On the other hand, an overstatement of the ending inventory has to be added to the reported cost of good sold since the amount of the overstatement was deducted to the cost of goods sold initially.

Therefor, we have:

Corrected 2020 cost of goods sold = $1,385,600 - $103,320 + $38,040 = $ 1,320,320.

b. Determine the corrected amounts for December 31, 2020, retained earnings

In this case, the amount of overstatement of the ending inventory has to be deducted from the reported retained earning since the retained earning was initially overstated by that amount.

Therefore, we have:

Corrected retained earnings = $5,415,900 - $38,040 = $5,377,860

3 0

4 years ago

The management of Metro Printers is considering a proposal to replace some existing equip- ment with a new highly efficient lase

Veseljchak [2.6K]

Answer:

Net present value of proposal $168,166

Explanation:

Check attachment

3 0

3 years ago

Task 3: Budget for 25- to 30-year-old Business Professionals

Eddi Din [679]

Answer:

Sample Budget

Salary Income $2515

Rent expense -$900

Food and groceries -$250

Entertainment expense -$85

Shopping -$45

Birthday Party gift -$12

Transportation expense -$150

Home maintenance cost -$320

Tuition cost -$121

Net savings = $632

Explanation:

The mid aged person who is age of 25 to 30 will have different expenses. He will have to budget his monthly income and routine expenses to identify the savings. The sample budget will include different types of household expenses that a person incurs to live. He might have to budget one off expenses such as party cost, gifts etc. He will have to keep track of groceries and food expenses.

3 0

4 years ago