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-Dominant- [34]
4 years ago
11

What does reconciling an account involve?

Business
2 answers:
Ilia_Sergeevich [38]4 years ago
8 0

Answer:

Checking one's financial records against the bank’s

Explanation:

Vaselesa [24]4 years ago
3 0
You have to make sure all debits and credits in the account are accounted for.  if you are balancing your checkbook, then your bottom amount should match your bank statement
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A publisher of photography books finds that it is cost-effective to print 10,000 or more at a time. But abookstore orders only a
Gre4nikov [31]

Answer:

B) why both discrepancies of quantity and assortment occur

Explanation:

The assortment and quantity of products that the publisher's customers want sometimes may be very different than the assortment and quantity that the companies would be willing to produce in order to lower its costs and increase its profits.

For example, the publisher would save money if it could print 10,000 books, but its clients only buy a few books at a time.

6 0
4 years ago
Knowledge Check 01 Otis Corp. uses a periodic system and the FIFO method. Otis had beginning inventory of 30 units purchased at
konstantin123 [22]

Answer:

$840

Explanation:

Data provided in the question:

Beginning inventory = 30 units      @ $120 each

Purchases during the year:

Jan. 15:  34 units at $110

May 30: 61 units at $84

Oct. 20: 160 units at $60

Sales during the year totaled 271 units

Now,

Total inventory before selling = 30 + 34 + 61 + 160 = 285

Inventory left after selling 271 units = 285 - 271 = 14 units

Now,

Under the FIFO method, the units purchased first will be sold first

Therefore,

The price of units left inventory will the price of units purchased last i.e $60

Hence,

The cost of ending inventory = 14 × $60

= $840

6 0
3 years ago
An individual who is responsible for ensuring that a firm's business systems are in accord with those of the local culture is a(
lions [1.4K]

Answer: Cultural integrator

Explanation: A cultural integrator is a person very conversant the culture of a particular society, community,business environment and organization employed to advice management of a firm on how to act,carry out activities or implement it's plans and program in a particular locality, this to ensure the firm obeys and work Accord to the laws of the local culture which will eventually lead to harmonious coexistence between the firm and it's environment.

5 0
3 years ago
The larger the investment you make, the easier it will be to
worty [1.4K]
A) get money from other sources
7 0
3 years ago
One of the most talented managers to ever work at ABC Inc. is Amy Holmes. Combining graciousness intelligence and creativity. Am
pentagon [3]

Answer:

The correct answer is letter "A": Procedures and practices.

Explanation:

Upward communication is a sharing-information method widely spread in nowadays organizations. It consists of obtaining feedback from employees from the lowest hierarchy to the top executive. This information flows in each level through a responsible for that matter so that the representative takes the pieces of information to the next level of the hierarchy. <em>Suggestions for improvement, performance reports, financial and accounting information</em> are shared under this format.  

<em>Procedures and practices</em> are given into a firm from executives to employees which aims in the opposite direction than the upward communication technique.

8 0
3 years ago
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