Purpose of a bank reconciliation statement.
A bank reconciliation statement is used to compare your record to those of your bank to see if there is difference between the two sets of records. The ending balance of your version of cash records is known as the book balance while the bank`s version is known as bank balance. It is common for there to be a difference in the two balances. The results to the differences might be due to overdrawn bank account, bounced checks and overdraft fees. It is important for you to check the difference because there might be substantial variance between the amount you think you have and that the bank thinks you have. In some cases the bank may even elect to close down your account.
Answer:
$440,000
Explanation:
Sassy Company budgeted operating income
Operating income will be :
(20-12) $80,000 - $200,000
=8×$80,000-$200,000
=$640,000-$200,000
=$440,000
Therefore the budgeted operating income at a level of 80,000 widgets per month will be $440,000
Answer:
A price that includes both the cost of the product plus transportation to the buyer
Explanation:
Landed cost is defined as the total price of a product after it has arrived at a buyer's hands all the eay from the factory.<em> It considers the original price of the product, the transportation in land, air and ocean, customs, taxes, insurance, handling, fees, etc.
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Answer:
Property of additive inverse
Explanation:
Given: Ramon got $2.5 million for the annual marketing budget such that he must spend the budget such that 
To find: property of addition that help us to know what the value of x must be
Solution:
1 million is equal to 
So,
According to property of additive inverse,
Given equation is
This equation can be written as 
So,
The answer to your question is; B. False
