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4 years ago

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Business

1 answer:

lana66690 [7]4 years ago

4 0

<h2>Law providing incomplete answer</h2>

Explanation:

1. Lack of competition : This is not the right answer because no business culture will be set up in such a manner to decrease the level of competition. Because employees needs to be competitive for bringing success to the organization.

2. Law providing incomplete answers : This is the right answer.

3. Stagnant or decreasing profit: Business always focuses on profit. So this

4. Lack of strong leadership : Any business culture will only uplift the leadership to both promote individual and the organization.option stands invalid.

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On August 1, 2019, the accountant for Western Imports downloaded the company's July 31, 2019. Bank statement from the bank?s Web

Radda [10]

Answer:

Required 1.

<u>Bank Reconciliation Statement as at 31 July</u>

Balance at bank as per updated Cash Book $28,192

Add Unpresented Cheques

Check 1429 $1,248

Check 1430 $140 $1,388

Less Lodgements not yet credited ($790)

Balance as per Bank Statement $28,790

Required 2.

Journal Entries :

Cash $14,300 (debit)

Accounts Receivable : Foncier Ricard $14,300 (credit)

Accounts Payable : Central Common $261 (debit)

Cash $261 (credit)

Check 1425 $30 (debit)

Cash $30 (credit)

Explanation:

The first step is to update the Cash Book Bank Balance as follows :

<u>Debit :</u>

Balance as at July 31 $14,183

Credit Transfer : Foncier Ricard $14,300

Totals $28,483

<u>Credit:</u>

Check 1425 understated ($99 - $69) $30

Direct Debit : Central Common $261

Cash Book Updated Balance (Balancing figure) $28,192

Totals $28,483

Then prepare a Bank Reconciliation Statement as at 31 July :

<u>Bank Reconciliation Statement as at 31 July</u>

Balance at bank as per updated Cash Book $28,192

Add Unpresented Cheques

Check 1429 $1,248

Check 1430 $140 $1,388

Less Lodgements not yet credited ($790)

Balance as per Bank Statement $28,790

Journal Entries :

Cash $14,300 (debit)

Accounts Receivable : Foncier Ricard $14,300 (credit)

Accounts Payable : Central Common $261 (debit)

Cash $261 (credit)

Check 1425 $30 (debit)

Cash $30 (credit)

3 0

3 years ago

________ is defined as a market outcome in which the marginal benefit to consumers of the last unit produced is equal to the mar

tensa zangetsu [6.8K]

Answer:

Economic efficiency

Explanation:

Economic efficiency is when the allocation of resources in an economy is fully optimal and benefits all economic agents. It is when nothing can be improved without putting another at a disadvantage.

It is when there's equilibrium in the economy.

I hope my answer helps you

4 0

3 years ago

Which of the following is an example of competing on quick response?A) A firm produces its product with less raw material waste

finlep [7]

Answer:

C) A firm's products are introduced into the market faster than its competitors' products.

Explanation:

Quick response refers to shorten the delivery time of products and services to meet the need of customers at the right moment. This is a way to survive the competition and increase the customer satisfaction. According to this, an example of competing on quick response wil be that a firm's products are introduced into the market faster than its competitors' products as the firm will be having a better delivery time than the competition which will allow it to put the goods first in the market which will give it an advantage by being first.

4 0

4 years ago

Bristo Corporation has sales of 2,080 units at $50 per unit. Variable expenses are 25% of the selling price. If total fixed expe

Mumz [18]

Answer:

Degree of operating leverage = 7.8

Explanation:

given data

sales = 2,080 units

per unit price = $50

Variable expenses = 25%

total fixed expenses = $68,000

solution

we get here Degree of operating leverage that is express as

Degree of operating leverage = Sales - variable cost ÷ (sales - variable cost - fixed cost) .......................1

here

Sales = 2080 × 50 = 104000

and

Variable cost = 104000 × 25% = 26000

so now put value in equation 1 we get

Degree of operating leverage = $\frac{104000-26000}{104000-26000-68000}$

Degree of operating leverage = 7.8

3 0

3 years ago

The following information pertains to Lance Company.

nalin [4]

Answer and Explanation:

The preparation of the bank reconciliation statement is presented below:

Balance as per bank $8,732.00

Add: Deposit in transit $3,500.00

Less: Outstanding checks -$1,486.00

Adjusted bank balance $10,746.00

Balance as per books $8,768.00

Add: EFT received from customer $2,023.00

10791.00

Less: Service charges -$45.00

Adjusted book balance $10,746.00

5 0

3 years ago