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Triss [41]
3 years ago
8

A bank reconciliation should be prepared a. to explain any difference between the company's balance per books with the balance p

er bank b. by the company's bank c. by the person who is authorized to sign checks d. whenever the bank refuses to lend the company money
Business
1 answer:
Rasek [7]3 years ago
6 0

Answer:

a.

Explanation:

A bank reconciliation refers to the balancing the company's accounting records (the books) in regards to the cash accounts of that company, with the information from the bank statements that they have. Based on this information, it can be said that A bank reconciliation should be prepared to explain any difference between the depositor's balance per books with the balance per bank. Otherwise these inconsistencies may be considered as fraud.

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superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct
weeeeeb [17]

Answer:

h

Explanation:

5 0
3 years ago
Mr. and Mrs. Pitt filed a joint tax return in 2017. The couple divorced in 2018. The IRS audited their 2017 return and determine
AURORKA [14]

Answer:

C. Because the couple is divorced, the IRS must apportion the deficiency between Mr. and Mrs. Pitt based on their relative contribution to their 2015 taxable income.

Explanation:

Because Mr and Mrs Pitt filed for a joint tax return in 2017 and got divorced in 2018 and IRS audited their tax return and found that they both underpaid their tax, the IRS must apportion the deficiency 50-50 between both of them based on their separate returns.

3 0
3 years ago
Firms pursuing global standardization or transnational strategies tend to prefer _____ arrangements.
astra-53 [7]

Wholly owned subsidiary arrangements are preferred by firms which pursue global standardization or transnational strategies.

This arrangement gives a firm an advantage since it is able to use profits from one market to improve its position in another competitive market.

Another few advantages of wholly owned subsidiary arrangements are tax benefits, limited liability, promotes diversification.

Learn more about wholly owned subsidiary arrangements here:

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8 0
1 year ago
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess d
ch4aika [34]

Answer:

Option (A) and (D) are correct.

Explanation:

When there is an enforcement by the government for rent control and force landlords to lower the apartment price below the equilibrium level.

This means that there is a fall in the price of apartments then this will lead to increase the demand for apartments by the consumers. Therefore, demand for apartments exceeds the supply of apartments. It will be less profitable for the suppliers to increase the supply of apartments. Hence, this will lead to fall in the quality of apartments because landlords are less interested in the maintenance of the apartments.

Lower price of apartments also results in black market. Most of the landlords are trying to fool the government and charge higher prices from the consumers. This will be done with no proper paper work and legal documentation. So, there is a creation of black market.

5 0
3 years ago
An entity has decided to focus strictly on producing and selling one type of teddy bear. For the upcoming year, the entity hopes
Yuki888 [10]

Answer:

29,143

Explanation:

Profit target = 25% on sales

Fixed cost = $51,000

Variable cost = $9.50 per unit

Sales price per unit = $15

To achieve profit target, let the number of units sold be y

Total sales = 15y

Total variable cost = 9.5y

Profit = 0.25 × 15y

         = 3.75y

Sales - Cost = profit

15y - (51000 + 9.5y) = 3.75y

15y - 9.5y - 3.75y = 51000

1.75y = 51000

y = 51000/1.75

y = 29143

29,143 bears must be sold to meet the profit goal.

8 0
3 years ago
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