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elena-s [515]
4 years ago
6

All checks shown in your check register but not on the bank account statement are called _______

Business
2 answers:
Mama L [17]4 years ago
7 0
The answer is outstanding checks.
Talja [164]4 years ago
3 0

Answer:

The correct answer is the option D: outstanding checks.

Explanation:

An<em> ''outstanding check''</em> is the name given to a type of check whose main characteristic is that has been written by someone but it has not been cashed or deposited by the payee. This type of check represents a liability for the entity who acts as the payor because the principle situation that happen with this type of check is that <em>the outstanding check has not yet cleared the bank account on which it is drawn</em>. To sum up, it is understandable that this type of check are not shown in the bank account statement due to the fact that they were not cleared yet in the bank account of which it is drawn.

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On January 1, 2021, Ackerman sold equipment to Brannigan (a wholly owned subsidiary) for $200,000 in cash. The equipment had ori
just olya [345]

Answer:  $‭322,000‬

Explanation:

Consolidated income = Net income from Ackerman + Net Income from Brannigan + Excess depreciation - Amortization of unpatented tech - Gain from transfer of equipment

Excess depreciation = New depreciation of equipment - Old depreciation

Depreciation is straight line;

= (200,000/5 years) - (110,000/5)

= $18,000

Gain from transfer of equipment

= Sales - Book value

= 200,000 - 110,000

= $90,000

Consolidated income = 300,000 + 98,000 + 18,000 - 4,000 - 90,000

= $‭322,000‬

5 0
4 years ago
A Six sigma (6s) approach to quality focuses on preventing defects by using customer feedback to reduce variation and waste. Gro
andre [41]

Answer:

False

Explanation:

Six sigma is a tool used by organizations to improve their processes and reduce defects, to improve quality of their products or services.

<u><em>It focuses on reducing variation in the business processes (from manufacturing, sales, delivery, to customer service), to reduce defects and increase the quality of goods and services</em></u><em>.</em> <em>It also generally improves organizational performance and increases profit.</em>

Six sigma does NOT focus on customers feedback to reduce variation and waste.

3 0
4 years ago
Nvidia went through a major rethinking of its strategy after its initial market failures. based on the case just mentioned, what
DerKrebs [107]
<span>Generally, Nvidia would release their new and much better chip to the market in one third the time that the traditional industry did so. Through their research they discovered that customers would be more than willing to buy new and better graphic solutions far more often than they believed</span>
5 0
3 years ago
If the economy's actual GDP is greater than its potential GDP, then there is high unemployment in that economy. Group of answer
DanielleElmas [232]

Answer:

FALSE

Explanation: GDP( GROSS DOMESTIC PRODUCT) is a Macroeconomics concept which means the total value of a country's product calculated within a specific time.

REAL GDP: is a measure of the values of a country's products adjusted according to inflation.

POTENTIAL GDP is theoretical concept which is the value of what a country can produce at a constant inflation rate.

When REAL GDP IS GREATER THAN POTENTIAL GDP THE COUNTRY IS AT MORE THAN FULL EMPLOYMENT.

7 0
3 years ago
Read 2 more answers
What is global economy
AURORKA [14]

The term “Global Economy” is a term that refers to all of the economies of the world.

Sometimes this phrase is also used to discuss the international economy, or all economies around the world, and refers to how interdependent different countries economies are on each other.

7 0
3 years ago
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