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Dahasolnce [82]
3 years ago
11

What is an outstanding check?

Business
1 answer:
Solnce55 [7]3 years ago
3 0

<span>An outstanding check is a check issued by the payor and released to the payee that remains to be undeposited or uncashed check at a certain financial period. When reconciling the bank statements with company books, an outstanding check is deducted from the unadjusted bank balance to arrive at the adjusted bank balance.  </span>

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Suppose the price of a tie rises from $45 to $55. using the midpoint method, what is the percentage change in price?
Vinvika [58]
<span>By midpoint formula, the percentage change in the price of a tie = {( $55 - $45) / [($45 + $55)/2]} * 100 = (10/50) * 100 = 20 percent</span>
4 0
3 years ago
Why is the savings account better than a checking’s account for saving money?
Lisa [10]

Because it pays a higher rate of interest.

A savings account is better than a checking account for saving money because they normally pay a higher interest rate than a checking account. Quite often, a checking account will not pay any interest at all.

7 0
3 years ago
If nations such as Germany, Japan, and the United States prohibited international trade in automobiles, a likely effect would be
Musya8 [376]

Answer:

C. the price effect would become a more significant consideration for each firm that makes automobiles.

Explanation:

The situation above is highly related to the topic about "supply" and "demand." If the nations of <em>Germany</em>,<em> Japan</em> and <em>the U.S.A</em>. prohibits the international trade in automobiles, this will result to a<u> surplus of automobile goods within the country.</u> Since these automobiles were meant to be sold abroad, the prohibition will<em> lower its international demand.</em> Such increase in supply will have a significant effect on the price of the automobiles. This is the reason why each firm should have to consider the situation's effect on the price of the automobiles and related goods.

So, this explains the answer.

4 0
3 years ago
Pharoah Company uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at Dece
ANTONII [103]

Answer:

$6,689

Explanation:

As we know that the inventory should be recorded at cost or net realizable value which ever is lower

Particulars      Item Units      Unit Cost         Net Realizable Value    LCNRV

Minolta              7                    $175                $157                              $157

Canon               11                    142                   176                               $142

Vivitar               14                    130                   111                                $111

Kodak               17                     120                  132                              $120

So, the amount of ending inventory is

= 7 units  × $157 + 11 units × $142 + 14 units × $111 + 17 units × $120

= $1,099 + $1,562 + $1,988 + $2,040

= $6,689

4 0
3 years ago
Select the correct answer.
UkoKoshka [18]

Answer:

B. customer relationship management

5 0
2 years ago
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