Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
A bank service fee of $10 would be included on the bank reconciliation as on the last day of the bank statement
<h2>What exactly does a bank reconciliation include?</h2>
Starting with the bank's ending cash balance, adding any deposits that are currently being made up of the company to the bank, subtracting any checks that haven't yet been cleared by the bank, then either adding or subtracting any other items completes the basic process flow for a bank reconciliation.
<h3>A bank reconciliation is what?</h3>
At the conclusion of every month, a business should perform a bank reconciliation, which is that the process of confirming the correctness of both the bank statement and the cash accounts.
The most frequent reasons why the ending bank balance and ending book balance of cash differ.
Learn more about bank reconciliation :
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Answer:
c.
Explanation:
the product is a "me-too" and contains no new technology or points of difference
Price skimming is a pricing strategy in which a marketer sets a relatively high initial price for a product or service at first, then lowers the price over time
Answer:
Jack holds an ownership interest of 59% and Teresa holds an ownership interest of 41% in the J and T Partnership. This year, in order to further develop the business, Jack contributes an additional $ 7,200 and Teresa contributes an additional $ 2, 900 to the partnership. Which of the following is true of this scenario - the $7,200 by Jack and $2,900 by Teresa will be recorded as an individual contribution - option A
Explanation:
Based on the information given by the question, there would be an addition to Jack and Teresa's capital, since the individual contribution is being done by jack and teresa.
Therefore, the $7,200 by Jack and $2,900 by Teresa will be recorded as an individual contribution - option A.
Answer:
d
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
If the LIFO method is used, the goods sold would be the more expensive ones while the ending inventory would consist of older inventories that are cheaper
For example, the following inventory were bought :
Jan 1 5 units of metals at $200
Jan 2 5 units of metals at $250
5 units are sold
If the LIFO method is used, the ending inventory would be the 5 units of metals purchased in jan 1 at $200
