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mr_godi [17]
4 years ago
8

In reconciling a bank​ statement, the bank balance is​ $2,100, and the checkbook balance is​ $2,001. Which of the following is t

he most probable reason for the bank balance being larger than the book​ balance?
a. The company erroneously recorded a check for an amount less than the actual amount.
b. A deposit in transit was made at the end of the month.
c. The bank has deducted certain amounts for bank service charges. d. There are outstanding checks.
Business
1 answer:
Aleks [24]4 years ago
3 0

Answer:

d. There are outstanding checks.

Explanation:

If the company erroneously records check for an amount less than the actual amount, in this scenario the book balance will be higher than the bank balance.

If a deposit in transit was made at the end of the month, the book balance will become higher than the bank balance.

If the bank has deducted certain amount for bank service charges, then the bank balance will be less than the book balance.

However, if there are outstanding checks then bank balance will be larger than the book balance.

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A company is considering the purchase of a new piece of equipment for $117,200. Predicted annual cash inflows from this investme
monitta

Answer:

3.79 years

Explanation:

In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:

In year 0 = $117,200

In year 1 = $53,000

In year 2 = $21,500

In year 3 = $26,500

In year 4 = $20,500

In year 5 = $23,000

If we sum the first 3 year cash inflows than it would be $101,000

Now we deduct the $101,000 from the $117,200 , so the amount would be $16,200 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $20,500

So, the payback period equal to

= 3 years + $16,200 ÷ $20,500

= 3.79 years

In 3.79 years, the invested amount is recovered.  

8 0
3 years ago
Tran owns another business in addition to his stores. What does that business do?
monitta

Answer: Is Is an Import- export wholesale distribution business.

Explanation:

7 0
3 years ago
Read 2 more answers
2. How can both Sue and Sam be correct when Sue claims the commerce clause increases government’s power and Sam claims the comme
Maru [420]

Answer:

When Sue claims the commerce clause increases government power she speaks of the federal government however when sam states that the commerce clause reduces government power he would be speaking of the state government.

Explanation:

The power of the federal government was expanded by the Commerce clause because it gave the federal government to regulate money and foreign trade.gives power to the states on everything not clearly given to the federal government.

the Commerce Clause as a restraint upon state exercises of power, absent congressional action, received no sustained justification or explanation; the clause, of course, empowers Congress, not the courts, to regulate commerce among the states.

The Commerce Clause does not give the federal government the power to abrogate the sovereign immunity of the states. Many described the Rehnquist Court's Commerce Clause cases as a doctrine of "New Federalism".

6 0
4 years ago
Select the first and last steps in the decision-making process. Identify the decision to be made. Gather information and data. S
zhenek [66]

Decision making is a process that uses a step by step approach to reach at a decision.

There are several steps involved in the decision making process. These are

1) Identify the decision

2) Gather information

3) Identify Alternatives

4) Choose among the Alternatives

5) Take the Decision

6) Review the Decision

So in this question, the Identification of decision and the Review of Decision are the first and last steps respectively in the decision making process.

5 0
3 years ago
Read 2 more answers
Drag the tiles to the correct boxes to complete the pairs. Match the different types of communications with their descriptions.
Katarina [22]

Answer:

Matching the different types of communications with their descriptions:

Types of Communication  Descriptions

business letter                 : a formal way to communicate with people        

                                           outside your organization

business report               : a way to communicate financial information

note                                  : an informal handwritten message

memorandum                  : a formal way to communicate with people

                                           inside your office

Explanation:

a) Data:

Types of Communication:

business letter

business report

note

memorandum

Pairs

a formal way to communicate with people outside your organization

an informal handwritten message

a formal way to communicate with people inside your office

a way to communicate financial information

b) In Business, choosing the means of clear communication is very essential.  The format used to communicate internally is not the same format for communicating externally.  Even, within an organization, there are still different communication formats.  A handwritten note can be used instead of memorandum for some communications depending on the formality required.  Presenting a business report is more formalized than a handwritten note, for instance.

7 0
3 years ago
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