1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paha777 [63]
3 years ago
6

A bank statement a.is a credit reference letter written by the depositor's bank. b.lets a depositor know the financial position

of the bank as of a certain date. c.provides a summary of all checking account transactions recorded by the bank. d.is a bill from the bank for services rendered.
Business
1 answer:
Llana [10]3 years ago
4 0

Answer:

Option (c) is correct.

Explanation:

A bank statement is a statement that is provided by the bank to a customer. This bank statement is carrying all the information about the customer transactions over a period of time. This includes amount of money credited or amount of money debited from doing some transactions, also includes interest that is paid by the bank.

Therefore, a bank statement provides a summary of the transactions that is done by the customer.

You might be interested in
Which of the following should show a profit in order for a financial institution to give a the company a loan
Andrew [12]

Answer:

A I think not really sure hope this helps you

3 0
3 years ago
Read 2 more answers
The ________ statement of a business report provides a clear description of the situation that created the need for the report.
Blababa [14]

Answer:

Problem statement

Explanation:

Problem statement - it is referred to as the statement that given the clear and crystal information about the current situations. it is considered a good source of analyzing the real situations about the ongoing project.

This statement describes the current situations between the current and desired aim of the projects. it expressed the problem in two or three statements.

3 0
3 years ago
While conducting an audit of a new nonissuer client, an auditor discovers that accounting policies applied in relation to the fi
Marat540 [252]

Answer:

A) Obtain sufficient appropriate evidence about whether changes in the accounting policies have been appropriately accounted for and adequately presented and disclosed in accordance with the applicable financial reporting framework.

Explanation:

When such things happen, the auditor must search more information regarding the accounting policies and must evaluate if the company's accountants adopted accounting policies that are legal and adjust to applicable financial reporting (e.g. GAAP in the US). The auditor must also try to determine the effects of the applied policies and if all proper disclosures have been included or not. The auditor should also try to determine why the company's accounting department did that and how do they justify it.

3 0
3 years ago
SBD Phone Company sells its waterproof phone case for $90 per unit. Fixed costs total $162,000, and variable costs are $36 per u
Stells [14]

Answer:

Instructions are below.

Explanation:

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 162,000 / (90 - 36)

Break-even point in units= 3,000

<u>The break-even point in units is the number of units required to cover for the fixed costs.</u> At this point, the net income is zero. When cost increase, there are necessary more units to break even.

Fixed cost increase= break-even point in units increases

Unitary variable cost increase= contribution margin decreases. Break-even point in units increases

Selling price increase= break-even point in units decreases.

3 0
4 years ago
John Jansen, an employee of Redwood Company, had gross earnings for the month of May of $4,000. FICA taxes are 7.65% of gross ea
Anastasy [175]

Answer:

The net pay for John Jansen is $2894

Explanation:

For calculating the net pay for John Jansen we have to subtract all the FICA taxes and federal income taxes and also state income taxes, with authorized voluntary deductions also being subtracted from the gross earnings .

Given information -          Gross earning                         = $4000

                                         FICA taxes                                = 7.65%

                                         Federal income taxes               = $675

                                         State income taxes                    = 3%

                                       Authorized voluntary deductions = $5

One important to remember here is that FICA taxes and State taxes would be calculated on the gross earnings of John

FICA taxes = 7.65% of $4000

                  = .0765 x $4000

                  = $306

State taxes = 3% of $4000

                   = .03 x $4000

                   = $120

NET PAY = gross earnings - FICA tax - state tax - federal income tax -

                                                         authorized voluntary deduction

   = $4000 - $306 - $120 - $675 - $5

   = $2894

 

7 0
4 years ago
Other questions:
  • What influence tactic depends on the strength of the friendship and between the influencers and the target?
    15·1 answer
  • In this economy, community members typically use simple tools to plant and harvest crops. Food supplies are supplemented by hunt
    6·1 answer
  • A very plain-looking résumé designed to be delivered via e-mail or an online e-form is a _______.
    10·2 answers
  • Hoosier Burger is experiencing operational problems, such as stock-outs, missing sales and poor customer service. What business
    5·1 answer
  • Ed needs to take out a loan for $7,000 to purchase a car. His bank has offered him a loan at 10.0% interest, compounded monthly,
    9·2 answers
  • A change in the asset turnover ratio from 1.3 to 1.6 would indicate a. a decrease in the effectiveness of assets in producing sa
    13·1 answer
  • Higher fixed costs are associated with:_____.
    14·1 answer
  • What is unlikely to ask a real estate agent when interviewing
    13·1 answer
  • Four years ago, Velvet Purses purchased a mailing machine at a cost of $152959. This equipment is currently valued at $93290 on
    10·1 answer
  • some crypto exchanges allow their customers to employ leverage and why is this not a good idea , acording to Fool proof what bes
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!