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Zanzabum
4 years ago
6

Why is it important to reconcile your bank account

Business
1 answer:
svp [43]4 years ago
8 0

Answer:

It is important to reconcile your banking account because you want to make sure that your amount in your account is correct. By reconciling, you are verifying that your statements are correct.

I hope this helped!

You might be interested in
Sadie contracted with Sean, who agreed to replace the carpets in her house. Sean damaged some of the walls when he installed the
denpristay [2]

Answer:

Letter d is correct. A waiver of breach

Explanation:

In this situation Sadie filed a waiver of the violation. This occurs when the contractor waives his legal rights in respect of any breach of contract. As was the case with Sean, a contract to replace Sadie's carpeting, which consequently damaged some of its walls, resulting in poor contract performance.

7 0
4 years ago
The Securities and Exchange Commission is an example of a​ _____.
galben [10]

Answer:

(A). Federal Administrative Agency

Explanation:

The Securities and Exchange Commission(SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities market.

The Securities and Exchange Commission was created in 1934 to help restore investor confidence in the wake of the 1929 Stock Market Crash.

The SEC is allowed to bring only civil actions, either in federal court or before an administrative judge.

Most of the administrative agencies are under the supervision of the President. Since SEC is an independent body, the President exercises limited power and control over it. But he does play a major role in influencing the activities of such independent bodies.

Thus, The Securities and Exchange Commission is an example of a Federal Administrative Body i.e option (A).

8 0
4 years ago
Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.9
exis [7]

Answer:

15.54 %

Explanation:

The Internal Rate of Return (IRR) is the Interest rate that will make the present value of Cash Flows equal to the price or initial investment.

Step 1

First determine the summary of Cash Flow of the project.

The Projects` cash flows are as follows :

Year 0 = $1,920,000

Year 1 = $580,127.00

Year 2 = $580,127.00

Year 3 = $580,127.00

Year 4 = $580,127.00

Year 5 = $580,127.00

Step 2

Calculate the IRR.

From this point i will use a Financial Calculator. The Function to use is the CFj for uneven Cash Flows.

($1,920,000)            CFj

$580,127.00            CFj

$580,127.00            CFj

$580,127.00            CFj

$580,127.00            CFj

$580,127.00            CFj

Shift IRR/YR      15.5415 or 15.54 %

Conclusion :

The internal rate of return for the J-Mix 2000 is 15.54 %

5 0
3 years ago
______ analysis identifies the relative contribution made by each financial statement line item.
Dominik [7]

<u>The vertical analysis</u> identifies the relative contribution made by each financial statement line item.

<h3><u>Vertical Analysis: What Is It?</u></h3>

Each line item is provided as a percentage of a base figure in the statement as part of a technique called vertical analysis for financial statement analysis. As a result, line items on an income statement and balance sheet can both be expressed as a percentage of gross sales, a percentage of total assets or liabilities, and a percentage of total assets or liabilities, respectively. Vertical analysis of a cash flow statement also displays each cash inflow or outflow as a percentage of total cash inflows.

Learn more about financial statements with the help of the given link:

brainly.com/question/14506917

#SPJ4

3 0
2 years ago
​M&amp;M's Proposition II suggests that in a world of no taxes and no​ bankruptcy, ________. A. in simple​ terms, as the firm ad
dsp73

Answer:

A

Explanation:

5 0
3 years ago
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