In the preparation of a bank reconciliation statement, the Obrien Company should make a deduction of $270 from the cash balance.
<h3>What is bank reconciliation?</h3>
The rectification of errors in the bank accounts and entries is done via bank reconciliation. In the above case, bank reconciliation is required for rectification of entry errors in the following way,
- There is no need for rectification in bank balance, as the deduction in the bank balance is error-free;
- Cash balance showed an erroneous entry of $9585, instead of $9855;
- The difference between the correct entry and erroneous entry of $(9855-9585)=$270 shall be made in the cash balance of the books.
Hence, the significance of bank reconciliation to be done by the O'brien Company is given as above.
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Answer: C. 1,2,3
Explanation:
Under MSRB rules, any claim, dispute, or controversy shall be submitted to arbitration at the instance of a:
• broker-dealer against another broker-dealer.
• customer against a broker-dealer.
• broker-dealer against a customer who has previously signed an arbitration agreement.
Therefore, based on the above scenario, the correct option is C.
Answer:
The correct answer is: high.
Explanation:
In economics, interest rate is the amount paid in a unit of time for each unit of capital invested. It can also be said that it is the interest of a unit of currency in a unit of time or the performance of the unit of capital in the unit of time.
Interest rates are applied in different ways, for different periods of time, so it is important that you know what type of fee they are charging you. Also if interest will be paid at the beginning or end of the loan.
The most used interest rates are the nominal interest rate and the effective or equivalent annual interest rate.
Nominal interest rate:
This rate is simple interest, and corresponds to the percentage that will be added to the initial capital as compensation for a certain period of time, which does not necessarily have to be one year.
Effective annual interest rate:
It is also known as the equivalent annual interest rate, it is a compound interest rate, including the nominal interest rate, bank charges and fees, and the term of the operation. This rate addresses the full compensation the financial entity receives for lending us the money.
This demonstrates a difficulty in crafting a global communication strategy.
The question says that the nation of China is very much controlling the media in the country. This has made it difficult for businesses to communicate with their users.
This here tells us about the issue of communication. The companies may have issues sending message across to all of its customers due to the media problem.
This problem may be more difficult in a case where the business is a foreign market.
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