Answer:
Bank reconciliation for Candace Co. for May 31
Amount in $ Amount in $
Balance per Bank statement 2,936
Less;
Outstanding checks (465)
Add;
Deposits in transit 655
Bank charge 50
Erroneous check to supplier <u> 18</u> <u> 723</u>
Balance per cash account <u>3,194 </u>
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
The outstanding checks has been deducted from the cash book hence it will be deducted from the bank statement balance in the reconciliation statement.
The bank charges is yet to be recorded in the cash books as a deduction hence it will be added back to the bank statement balance in the reconciliation statement.
The bank deposit has been recorded as an inflow in the cash balance hence it will be added to the bank balance in the reconciliation statement.
The erroneous check amount difference
= $97 - $79
= $18
This will be added to the banks balance as it has been underdeducted in the cash balance in the reconciliation statement.
The thing a borrower can do to take control of their debt is The borrower can create a payment plan.
<h3>What is a debt?</h3>
Debt refers to amount money borrowed or things someone owed a person and promises to refund or return back when it is available.
A borrower borrowed from the lender and it is the borrower that is in debt.
Therefore, The thing a borrower can do to take control of their debt is The borrower can create a payment plan.
Learn more about debt below.
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We are given the statement above. I think we are supposed to determine if the statement is true or false. If this is the case, then the answer is TRUE. The diversifiable risk can be lowered if there are more stocks added to the portfolio. The nature of the diversifiable risk is that the less the stocks in each portfolio, the greater the risk.
Answer:
True
Explanation:
The real rate of interest = Nominal rate - Inflation.
Since the actual market rate is real rate at which the goods can be borrowed or purchased, if the expected return on assets is higher than that of the real rate the capital assets shall be brought as, in this case the revenue will be higher than the normal rate, because revenue = Expected rate of return
Real rate = Cost of borrowing and acquiring
thus there will be profit.
The statement is True
According the utilitarian approach actions and plans should be taken<span> in a way that will produce the greatest benefit to society and produce the least harm at lowest cost and</span> judged by their consequences. The utilitarian approach proposes that actions and plans should be judged by their consequences. research reveals that stakeholders who have the ability to affect the company have the most power; whereas stakeholders that have legitimacy have a legal or moral claim on company resources.
