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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T<span>he advertisement is using the scientific approach. In this approach, the product is introduced to the consumers as either effective or reliable through the provision of scientific evidence. It would be using quantitative data to persuade the consumers of the effectivity of the product. Just like in this example, the company were able to test their product proving that 80% of the stains would be erased without adding any additional additives. In </span>these advertisements<span>, the product is claimed to be effective through several successful experiments. Another example of this advertisement is a commercial where the company will be conducting a live experiment. They will be comparing two products and test which of the two is effective.</span>
Answer:
b. 26
Explanation:
Marginal utility refers to the utility gained by the consumption of an additional unit of a commodity. It is the satisfaction enjoyed by a consumer for the additional use of a unit of a good or service.
Given that the total marginal utilities is 105 and the marginal utilities of the first, second, and fourth sodas are 35, 28, and 16 respectively, the marginal utility of the third soda
= 105 - (35 + 28 + 16)
= 26
Answer:
b. $22.500.
The estimate of bad debt expense is $22,500
Explanation:
Method of Bad Debt estimation = Percentage of credit sale
Bad Debt Expense = 3% of credit sale ($750,000)
Bad Debt Expense = 3% x $750,000
Bad Debt Expense = $22,500
The answer would be a franchise because that is not just your business there are other partners :)
