Answer:
b)Timing differences between the bank statement and the depositor's records are reflected in the bank reconciliation.
c) The bank reconciliation is useful in proving the accuracy of the Cash account in the general ledger.
d) We must reconcile the balance of the bank's records and the Cash account in the general ledger and explain or account for any differences in the two
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.
If you ask the business if you can use their photo and then say you can then they can’t sue you for copyright.
If you take the photograph and don’t ask you can be sued.
I don’t think you will ever own the photograph unless the business signs the rights over to you
Not 100% sure but I hope this helps :)
Answer: Designing, analyzing, and altering plans, prototypes, or structures.
Explanation: Ensuring building plans, prototypes, and structures are operating safely, efficiently, and reliably. Assisting team members with project objectives, budgets, and timelines. Establishing project goals.
Answer:
PV of first option ($68,000 per year) = ($68,000 / 12) x 22.10965 (PV annuity factor, 24 periods, 0.667%) = $5,666.67 x 22.10965 = $125,288.02
PV of second option ($57,000 per year + $13,000) = $13,000 + [($57,000 / 12) x 22.10965 (PV annuity factor, 24 periods, 0.667%)] = $13,000 + ($4,750 x 22.10965) = $118,020.84
Answer:
The correct answer is letter "B": The contract has a financing component that is significant to the contract.
Explanation:
Time value of money is a principle that states that today's dollar is worth more than tomorrow's dollar. This is because the money that could be received today may be deposited in a savings bank account or invested which implies that the initial sum has the potential to grow. If the same amount is received in later dates, the sum it could grow is likely to be lower.
Therefore,<em> if in a contract there is a financing component which implies considering an interest rate, the time value of money is to be included.</em>