Answer:
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The outstanding deposits is computed below:
= Company cash receipts - bank deposited
= $74,640 - $71,375
= $3,265
And, the outstanding checks is computed below:
= Company written checks - Processed by bank
= $72,515 - $71,270
= $1,245
The preparation of the bank reconciliation statement on October 31, 2015 for Damon Company's is presented in the spreadsheet. Kindly find the attachment below:
Answer:
0.07925 or 7.925%
Explanation:
Given that,
Revenues = $88,000
Expenses = $54,000
Assets at the beginning of the year = $404,000
End of the year assets = $454,000
Net income:
= Revenues - Expenses
= $88,000 - $54,000
= $34,000
Average total assets:
= (Assets at the beginning + End of the year assets) ÷ 2
= ($404,000 + $454,000) ÷ 2
= $429,000
Return on assets:
= Net income ÷ Average total assets
= $34,000 ÷ $429,000
= 0.07925 or 7.925%
Answer:
A process designed to identify, qualify, and prioritize sales opportunities, whether they represent potential new customers or opportunities to generate additional business from existing customers
Explanation:
1) Generating Sales Leads
-Qualifying sales leads
2) Determining Sales Prospects
3) Prioritizing Sales Prospects
4) Preparing for Sales Dialogue
5) Remaining stages in the trust-based sales process
Answer:
True
Explanation:
The reason is that every person in the society must act in accordance to a better ethical principles that assist him to act as good social being. So it doesn't who you are, you might be a doctor, an engineer, teacher, etc. you have to act in the best interest of the people and this is ethics. This rule applies to all of the society to act as a good resident of state.
This is an example of release. Group of answer choices release rescission novation waiver arbitration.
- A waiver happens when a party purposefully renounces their ability to enforce a contract.
- A release is created when one party declares the other side is not required to fulfill its obligations.
- Damages are amounts given as compensation for costs directly suffered as a result of a contract breach, such as costs incurred from another source.
- The fundamental components necessary for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality are: mutual assent, expressed through a contract-compliant offer.
What are the laws of contract?
- The area of law that deals with creating and upholding contracts is known as contract law.
- An agreement that can be upheld by a court is referred to be a contract.
- The body of legislation known as contract law regulates the formation of contracts, their performance, and the creation of just reparations in the event of a breach.
Learn more about laws of contract
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