Answer:
book error
Interest earned on checking account
collections of accounts receivable by the bank
Explanation:
The Bank reconciliation refers to the rectifying of the statement that works with the bank statement balance and the passbook balance The purpose is to equate these both statements to allow the company to work efficiently and efficient manner
As There are different transactions i.e bank error, NSF check, deposit in transit , etc that depend upon which type of statement it is due to this, the balance of the bank statement and the balance of the cash statement do not match. We modify the transactions accordingly so that these statements should be matched with each other
In order to adjust the book balance we required three items i.e book error, interest earned on checking account and the account receivables collection done by the bank
Record-keeping.
Explanation:
The definition of record keeping is keeping records, or units of preserved information. This information can also be kept in books, which brings us to another term; bookkeeping.
Answer:
The multiple choices are as follows:
18.6%
14.0%
22.8%
25.0%
The second option is the correct answer,14%
Explanation:
The capital asset pricing asset model formula for computing a firm's cost of equity according to Miller and Modgiliani is given below:
Ke=Rf+Beta*(Mr-Rf)
Rf is the risk free of 2% which is the return expected from zero risk investment such as government treasury bills.
Beta is how risky an investment in a company is compared to similar businesses operating in similar business sector of the company given as 2.0
Mr is the expected return on market portfolio which 8%
Ke=2%+2*(8%-2%)
Ke=2%+2*(6%)
Ke=2%+12%=14%
Answer: Company mission
Explanation: The company mission refers to the objectives mentioned in the mission statement of the organisation. It is a short statement which describes why the organisation exists and what are its goals. This statement also states the location of the organisation and other important factors like major customers.
In the given case, Craftmaples has the purpose of traditional handicrafts. Thus, all their operations and activities will move towards this one goal.
Hence from the above we can conclude that this case is an example of mission statement.
Answer:
Strategic planning
Explanation:
Strategic planning is the process in which business professionals formulate a clear plan to determine the direction of actions that they need to take in order to achieve the company's goals.
Strategic planning typically divided into 4 parts:
- Vision; The end goals that the company want to achieve
- Missions ; Specific list of conditions or checkpoints that the company need to get in order to actualize its vision
- Values; A set of principles that the company use to form their working culture
- Both Long terms and short terms plan that can be executed to sustain its operation.
