<span>It is associated with using a market penetration strategy when there is an opportunity for price skimming. Leaving money on the table means that during a business deal or negotiation one of the parties does not receive the amount of money they could have earned, instead they accept a smaller sum. This strategy can be beneficial or hurtful depending on the scenario.</span>
Answer:
The answer is C) $7,970.
Explanation:
We have 04 reconciling items as below:
- Outstanding checks $800: this amount was already recorded in the Cash account of the company once the check was written; thus, the Cash ending balance has already reflected this amount.
- Deposits in transit $700: this amount was already recorded in the Cash or Cash-equivalent account of the company once the deposit was made; thus, the Cash ending balance has already reflected this amount.
- Bank service charge $30: fees paid to banking activities and are deducted without informing to the company. Thus, this deduction in cash is not reflected in the Cash account.
- NSF check $500: this was recorded as the increase in Cash account by the company once the check was written by the person/entity to the company. However, the writer's account balance was not sufficient to honor this check amount to the company; thus Cash Account at the end of the period should reduced by $500. Instead, this $500 may be recorded in Account Receivable account.
Thus, the adjusted cash balance = 8,500 - 30 - 500 = $7,970.
Capabilities are defined as a company's Skills as coordinating its resources and putting them to productive use.
A person or thing has the ability to perform something, according to the definition of a capability. This is an instance of when someone has the capacity to cook when they are able to cook. The ability of a computer to open a file is demonstrated, for instance, when the computer can do so.
The volume and quality of labor that a person is capable of performing determines their capacity.... a job that was beyond the scope of one man.... the director's expectations of the actor's capacity.
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