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Orlov [11]
3 years ago
7

Following the completion of the bank reconciliation, an adjusting entry was made that debited cash and credited Interest Revenue

. Therefore the bank reconciliation must have included an item that was:
A. deducted from the balance according to company
B. deducted from the balance according to bank
C. added to the balance according to bank
D. added to the balance according to company
Business
2 answers:
yKpoI14uk [10]3 years ago
8 0

Answer:

D. added to the balance according to company

Explanation:

In a given account balance, it is essential to consider the cash flow out and cash flow in during business operation. The amount of money the company made in recorded as the credit or revenue of the company while the amount of money that the company spends is recorded as the debit or expense of the company.

Vinil7 [7]3 years ago
5 0

Answer:

D. added to the balance according to company

Explanation:

The bank reconciliation must have included an item that was<em> added to the balance according to company.</em>

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Ralph purchases a porch swing and is assured by the salesperson that it can safely support an adult and hold up to 200 pounds. T
umka21 [38]

Answer:

The best answer is "D"

Explanation:

Jessica will not prevail in her product liability suit under a theory of misrepresentation.

The key to recovery on the basis of misrepresentation is the plaintiff's ability to prove that he relied upon the representations that were made and for Jessica she is a little more the 200 pound mark.

4 0
3 years ago
Read 2 more answers
The store managers of Chimbake, a chain of bakeries, are allowed to come up with new dessert flavors of their choice as long as
bekas [8.4K]

Answer:

B) Decentralization of authority

Explanation:

Based on the scenario being described it can be said that the concept that is best illustrated in this scenario would be a decentralization of authority. This is the process in which authority is moved to the lower level managers within an organization. Which is what is happening in Chimbake, since they have given the store managers full authority to control and create the dessert flavors as they see fit.

6 0
3 years ago
In which of the case below is there the potential for a free-rider problem?
kipiarov [429]
The possible problem of a free-rider befalls when those who avail of resources, well-founded, or services do not pay for them, which leads to an underprovision of those goods or services. For example, a free-rider may often ask for accessible parking lots from the ones who have already paid for them, in order benefit from free parking.
5 0
4 years ago
On September 1, year 1, Jackson borrowed $400,000 to refinance the original mortgage on her principal residence. Jackson paid 2
Mazyrski [523]

Answer:

$88.88 or $89 (Approx)

Explanation:

Each point is equal to the 1 percent so, 2 points is equal to the 2%.

Amount of points paid = Borrowed amount × Points percentage

= $400,000 × 2%

= $8,000

Total number of months = Year × Months in a year

                                        = 30 × 12

                                        = 360

Number of months in the deduction year = September to December

                                                                     = 4

Amount of deduction:

= (Amount of points paid ÷ Total number of months) × Number of months in the deduction year

= ($8,000 ÷ 360) × 4

= $32,000 ÷  360

= $88.88 or $89 (Approx)

7 0
4 years ago
In a period of rising prices, the inventory method which tends to give the highest reported net income is:
Blizzard [7]

Answer:

b. first-in, first-out.

Explanation:

Generally, there are three methods for estimating the inventory shown below:

1. First-in-first, the company is selling the old products in this way than the new ones, which means first selling the old products and then selling the new ones

2. Weighted average method: Weighted cost is measured by considering the total revenue and total purchase

3. Last-in-first-out: Contrary to the first-in-first-out process, the first sale of new goods, then selling of old goods.

4. Base stock: The process by which the orders of the consumer are fulfilled by holding the less inventory

In the FIFO method, the highest ended inventory results in the lower cost of goods sold at the highest net profits.

7 0
3 years ago
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