To reconcile for a bank service fee listed on the bank statement, <u>C. enter it</u> into your external register in the same manner as a withdrawal.
<h3>What are bank service fees?</h3>
Bank service fees are charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services.
During bank reconciliation, the correct procedure is to record this transaction in the books as a reduction of the bank balance.
Thus, to reconcile for a bank service fee listed on the bank statement, take Option C.
Learn more about bank service charges at brainly.com/question/26494219
#SPJ1
Financial managers should strive to maximize the current value per share of the existing stock to: maximize shareholders' wealth.
What is the overriding goal of financial management?
The main objective of financial management is to increase shareholder's wealth such that share price increases in value year-in-year-out.
The financial managers would achieve this goal by investing in projects whose net present value is positive, in other words, the NPV per share is the expected increase in value per share of existing stock.
In short, financial strategies put in place to achieve increasing share price year-in-year-out are aimed at wealth maximization
Find out more about shareholder wealth on:brainly.com/question/27893002
#SPJ1
Answer:
Role of management accounting :
1. provide internal information on operations
2. help in decision making
Utilization of management accounting principles
1. make or buy decisions
2. continuing or discontinuing of operations
Useful managerial Accounting Activities
1. planning
2. deciding on the alternative causes of action
Explanation:
Role of Management Accounting is to provide managers with information related to their operations.This includes the costs and revenue incurred, the deviations from the planned costs and revenue and profit targets.
This information would help to control costs and revenues or make certain decisions of continuing or discontinuing operating of a product or segment.
Thus managerial accounting activities that are useful are planning, deciding on the alternative causes of action, implementation, monitoring and control
