Answer:
b. deposits in transit
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smooth manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The adjusting entry of interest earned is
Cash A/c Dr
To Interest income A/c
(Being interest is earned)
Likewise, for The fee for collection
Bank charges A/c
To Cash A/c
(Being fees is charged)
And for NSF check of customer, it would be
Account receivable A/c Dr
To Cash A/c
(Being the adjusting entry is made)
So, for this the adjusting entry is made but for Deposit in transit , no adjusting entry would be made.
<u>Answer:</u>Option D
<u>Explanation:</u>
Commingling means the money of various investors are pooled together to trade with securities. This is usually done by the agents who acts as the investment managers they collect money from various investors and put it together as single fund. The advantages of this method are the fees is lower.
Some people indulge in illegal activities of combining investors money with their personal money. This helps the agents to invest large funds by pooling in funds. Any risk on the principal amount has to be borne by the agent.
Answer: $6
Explanation:
Total production of oranges= 4
Total production of candy bars=10
Each orange sells for=$0.25
Total market value of orange production=price × quantity
=$0.25×4
=$1
Each candy bar sells for= $0.50
Total market value of candy bar production=price of candy bar × quantity of candy bar
=$0.50 × 10
=$5
The economy produces oranges and candy bars.
The total market value of production in the economy= Total market value of Orange production + Total market value of candy bar production
=$1 + $5
=$6
The answer to your question is "Oligopolies."
An oligopoly is a market form where a market is controlled by a few large sellers or businesses. The type of market is going to effect the price in one of two ways. The first possibility is that the few businesses will work together, or collude, in order to establish higher than normal prices. The second possibility is that there will be fierce competition between the few sellers, which will result in a high level of competition and lower prices.
Answer:
New task purchase
Explanation:
New task purchase is the one purchase decision that has not been done previously by the business as they did not have the need for a new product/task. The new purchase is different from re-purchase as a new purchase will require a lot of evaluation from the buyer both for the product they intend to purchase and the vendor that they want to purchase from. New task purchase is usually done by a company when a need is recognized within the organization. This need may come internally from the firm or may have come from externally (e.g. clients).
After the need is recognized the company tries to evaluate several products that can satisfy this need and also looks for consultants/vendors that can provide solutions for the need. During this process a company will look at several vendors and evaluate them for their capabilities to serve the product/service. After the initial qualification check the company asks all the eligible suppliers/vendors to submit their bids (also called the tendering process).
After evaluation of the bids the firm may decide to purchase the product/service from any of the vendor which suits its needs best. Many companies usually go for the lowest price bids when there is no difference in the product of different supplier and the purchase decision is made.
After the purchase decision the companies usually re-evaluate their purchases and then decide about the future purchases of similar product.
