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marishachu [46]
3 years ago
6

A bank reconciliation:Group of answer choicesis a formal financial statementboth A and B are correctis part of a sound internal

control systemshould not be prepared by an employee who handles cash transactions
Business
1 answer:
Anna [14]3 years ago
3 0

The Correct question reads;

Which of the following statements about bank reconciliations is correct?

a. Should not be prepared by an employee who handles cash transactions

b. Is part of a sound internal control system

c. Is a formal financial statement

d. Both (a) and (b) are correct

Answer:

<u>a. Should not be prepared by an employee who handles cash transactions</u>

<u>Explanation:</u>

It is only a bank that prepares a bank reconciliation statement. So, it is correct to say that a bank reconciliation statement should not be prepared by an employee who handles cash transactions.

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Which of the following industries is most likely to exhibit the characteristic of free entry? a. nuclear power b. municipal wate
gogolik [260]

Answer:

c. dairy farming

Explanation:

Free entry can be defined as the situation in which business firms such as sellers of goods or service providers can enter into the market freely and start selling to consumers.

This ultimately implies that, there are no legal barriers or just a minimum barrier, if any for new firms starting the same business as others.

Hence, dairy farming is the industry which is most likely to exhibit the characteristic of free entry.

A diary farming is one of such industries that allows new agents to come into the business without any barrier because it simply involves the production of essential commodities such as milk, beef etc which are usually required on a large scale in an economy.

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3 years ago
In 1 or 2 sentences, describe the effect of competition on prices of items being sold.
yuradex [85]

Competition has an impact on prices of items being sold such that when competition is high, prices can get lower. This is because you want to keep up with other players and present your items as the affordable kind. when competitiion is low, prices are higher because your demand is high
8 0
4 years ago
What is the most common method of measuring flows of trade?
kakasveta [241]

The most common method to measure flows of trade is the comparison between the exportation of merchandise, services, and the capital of the countries.

<h3>What is trade?</h3>

Trade is the situation where the countries buy (import) from or sell (export) to the countries outside the boundaries of their own territories.

Exports referred to the scenario where one country provides goods and services to another country abroad. The comparison of goods, services, and monetary capital of foreign countries with respect to their own countries can be used as a common method to measure the trade flows.

Therefore, the exporting of goods, services, and capital to other countries is the method to determine trade flows.

Learn more about the trade from the related link:

brainly.com/question/3617318

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4 0
2 years ago
According to recent data, only 36 percent of Uber's current employees are women. How do you think this situation helped perpetua
kozerog [31]

Answer and Explanation:

If we considered the business type that uber begins i.e. lack of the skilled and the experienced professionals. So here we can conclude that with the 36 pf the present employees of the uber that contains women perpetuates with a flawed corporate culture

So as per the given situation, the above represent the explanation and the same should be considered

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3 years ago
In economics, we define the "long run" as a. About ten years b. The amount of time it takes for a factory to need new paint c. T
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Answer:The answer is c

Explanation:

3 0
3 years ago
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