In accounting, the purpose of reconciliation is to compare two sets of records for correction and make sure they are in agreement.
Here, Ned have some items which needed to be reconciled with the company’s bank account.
- For "the Outstanding checks", he should deduct the amount from balance per bank
- For "a deposit in transit", he should add to balance per bank
- For "the bank charged to our account a check written by another company", he should add to balance per bank and notify the bank of its error.
- For "a debit memorandum for bank service charge", he should deduct from balance per books.
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Answer:
$1,653
Explanation:
Austin can only file a mileage expense deduction for the miles he drives for business purposes; only 2,850 miles were driven for business purposes from his to the gym. Miles driven from your home to work or vice versa are not deductible.
to calculate the mileage expense we multiply the amount of qualifying miles times the standard deduction rate = 2,850 miles x $0.58 per mile = $1,653
Answer:
NSB Co. won the case against Mid-American oil/Mid-American oil lost the case
Explanation:
The original contract clearly stipulated that any modifications to the contract were to be written and signed by the company's presidents, therefor the decision by the Mid-American executive to talk with the purchasing agent of NSB Co. was in breach of the contract in two aspects;
- The parties that made the modifications were not the ones agreed to in the contract
- They made the modifications verbally while the contract stated that the changes were to be written and signed
Answer: $45 million
Explanation:
Cash Contributions during the year can be calculated by;
= Ending Plan assets + Retiree benefits - Opening plan assets - Actual return
Actual return
= Actual return on plan assets * Opening plan assets
= 13% * 500
= 65
Cash contributions = 530 + 80 - 500 - 65
= $45 million
Answer:
promotion mix.
Explanation:
Publicity is the activities of a company to create a good relationship with society. It entails building a good reputation in the eyes of customers. Publicity creates a positive image for a company making it easier to convince customers to buy its product.
Publicity is part of a company's promotion mix. It is a strategy that a business uses to market its brand in the market. A promotion mix is a combination of different marketing approaches that marketers use to reach a wide range of target audiences.
