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3 years ago

The information below relates to the Cash account in the ledger of Novak Company.

Business

1 answer:

VLD [36.1K]3 years ago

4 0

Answer:

A) account reconciliation

Bank account reconciliation:

Bank account balance $16,682

+ deposits in transit $4,580

- outstanding checks $2,513

reconciled bank account $18,749

Cash account reconciliation:

Cash account balance $17,664

+ Note collected $1,660

+ Interest revenue $52

- NSF check (R. Nance) $555

- Bank fees (safety deposit box rent) $72

reconciled cash account $18,749

B) Adjusting entries

September 30, NSF check

Dr Accounts receivable 555

Cr Cash 555

September 30, collection of notes receivable

Dr Cash 1,660

Cr Notes receivable 1,623

Cr Interest revenue 37

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3 years ago

Which fiduciary duty requires an agent to place the client's interests above those of all others, including his or her own?

Oxana [17]

Answer:

The correct answer is loyalty.

Explanation:

The fiduciary duty is the legal obligation to act in the interest of another.

The law prohibits the fiduciary from acting in any manner detrimental to the interests of the client, which is entitled to the best efforts of the fiduciary, while the fiduciary must exercise all the care and diligence at his disposal when acting on behalf of the client.

For its part, the breach of the fiduciary duty is when a fiduciary does not fulfill his responsibilities and obligations. In most cases, a third party will handle the claim of the breach of trust to ensure that it is handled correctly. The trustee may also be removed from the position and ordered to pay fines or other forms of compensation to the principal.

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3 years ago

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3 years ago

Advertising, personal selling, sales promotion, and public relations are components of:____.

Dafna11 [192]

Advertising, personal selling, sales promotion, and public relations are components of the promotion mix.

The definition of advertising is the business or practice of making something known to the public, usually through some form of paid media. An example of advertising is a company that specializes in designing and executing newspaper advertisements for other companies products.

Definition: Advertising is a means of communicating with users of a product or service. Advertising is defined by the British Advertising Council as a message intended to inform or influence the recipient for a fee paid by the sender. Ads are made to get people to do something.

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2 years ago

In its December 31 balance sheet, Butler Co. reported trade accounts receivable of $250,000 and related allowance for uncollecti

frosja888 [35]

Answer:

$230,000

Explanation:

Given:

Trade accounts receivable = $250,000

Uncollected accounts = $20,000

Computation:

Total Amount Of Risk = (Trade Account receivable - Uncollected Accounts)

=( $250,000 - $20,000)

= $230,000

No , Any financial loss danger off-balance sheet resulting from registered accounts or receivable notices not include in it.

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3 years ago