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2 years ago

The theory of production deals with the relationship between the factors of production and

Business

2 answers:

Sindrei [870]2 years ago

5 0

d. the output of goods and services.

ps i am doing this right now in school

brainliest plz

Dima020 [189]2 years ago

4 0

the output of goods and services.

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Harrison Company maintains a checking account at the First National City Bank. The bank provides a bank statement along with can

oksano4ka [1.4K]

Answer:

Harrison company

Step 1.

Preparation of adjusted Cash Book

Balance as at July 31, 2016 = $40,293

Add: bal. of Deposit by credit customer = ($3,100 - $310) = $2,790

Deduct: Bank Service charge = -$30

Deduct: NSF checks = -$1,750

Deduct: loan repayment plus interest = -$3,870

Adjusted Balance =$37,433

Step 2. Bank reconciliation statement

As at 31st July 2016

Balance as per Bank Statement = $38,293

Deduct: uncleared Cheques = -$8,530

Add: Deposits outstanding = $7,400

Add: over disbursement by bank due for recovery = $270

Adjusted Bank Statement = $37,433

Compared to Adjusted Cash Book = $37,433

Difference = $0.

Step 3.

Journal entries required

Debit Cash Account with $2,790

Credit Account Receivables with $2,790

(Under recorded Customer deposit on sales)

Debit NSF expense = $1,750

Debit Loan Account with $2,900

Debit interest on Loan Account with $970

Debit Bank Charges expense a account with $30

Credit Cash Account with $5,650

(Direct debits to bank account on sundry transactions)

Explanation:

A bank reconciliation statement is presented to reconcile a 3rd party (Bank) statement of our Account and the Account maintained by the business in house.

The objective of the Bank reconciliation statement includes:

1. Identify the missing entries in either records

2. Flag the corrections the Bank needs to do to bring our balance to a correct state

3. Pass Journals to capture entries we have missed out or captured incorrectly

4. Identify unassigned entries for investigation

5 0

2 years ago

Shen manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday,

IRINA_888 [86]

Answer:

The correct answer is option b.

Explanation:

Shen is working in a country where the inflation rate is high.

He gets a salary every two weeks.

After receiving his salary he immediately goes out and buys all the goods he is going to need over the next two weeks.

He converts the remaining salary in a more stable currency.

He does this in order to prevent his salary from losing purchasing power.

This effort that he is making to prevent his real income from losing value is called the shoe-leather cost of inflation.

The shoe-leather cost can be defined as the cost of time and effort made to prevent the cash holdings from losing their value.

3 0

3 years ago

PLZZZZZ HELP!! 20 POINTS!!

Sphinxa [80]

Answer:

i say B or D

Explanation:

out of all of them, the most reasonable would be the money you make from the partnership.

7 0

2 years ago

A farmer finds that when he produces more corn, he also has more corn stalks that he can then sell as decorative ornaments. To t

yulyashka [42]

Answer:

"Complements in production" is the correct answer.

Explanation:

The changes throughout the demand through one counterbalance throughout manufacturing resulted in higher consumption of one another.

Complements instead in production however are commodities manufactured collaboratively from a certain revenue stream as well as input.
This generally occurs when the revenue stream in the discussion has components that could be composed of certain commodities categories.

6 0

2 years ago

Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods ag

Alina [70]

Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods against damage, loss, and pilferage. The document which is applicable here is an A. <u>insurance certificate.</u>

<u />

Explanation:

A certificate of insurance is a document used to provide information on specific insurance coverage.
The certificate provides verification of the insurance and usually contains information on types and limits of coverage, insurance company, policy number, named insured, and the policies' effective periods
Certificate of Insurance is a summary document usually issued by an agent on behalf of an insurer that says a policy has been issued to an insured for a general type of risk.
The Certificate is usually issued to a third party who wants some evidence or assurance that a policy has been issued.
A certificate of insurance is requested when liability and large losses are a concern.
Most commercial leases require the tenant to provide certificates of insurance or other evidence of insurance. Certificates of insurance are typically issued by an agent or broker for the named insured and set forth the coverages written for the insured

5 0

3 years ago