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3 years ago

What is the major purpose of a bank reconciliation statement?

1 answer:

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Purpose of a bank reconciliation statement.
A bank reconciliation statement is used to compare your record to those of your bank to see if there is difference between the two sets of records. The ending balance of your version of cash records is known as the book balance while the bank`s version is known as bank balance. It is common for there to be a difference in the two balances. The results to the differences might be due to overdrawn bank account, bounced checks and overdraft fees. It is important for you to check the difference because there might be substantial variance between the amount you think you have and that the bank thinks you have. In some cases the bank may even elect to close down your account.

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Jane is an employee of Tyco, Inc. and she is in charge of payroll. Every week she issues a check in the name of a fictitious emp

KengaRu [80]

Answer:

b. Tyco is liable because it authorized Jane to issue payroll checks.

Explanation:

There is the company responsibility to put the right person for the specific job. Here in the given situation Jane would not be a liable person for an vital position of the company. in the case when the fraud done by the employee so the firm would be liable as the company provide the authorization to the person who have to perform that job

Therefore, the option b is correct

4 0

3 years ago

A _____ consists of senior managers representing the business and information technology organizations—to provide guidance and s

34kurt

Answer:

b. project steering team

Explanation:

Project steering team -

It refers to the member of an organisation or company , who helps to support and guide the project , is referred to as the project steering team .

The team is important for the project success .

These are basically an advisory body of the company , in matters related to project management concerns , marketing strategies , company policy , new endeavors and budget .

Hence , from the given information of the question,

The correct term is project steering team .

5 0

3 years ago

As a manager, two of Sylvia's strengths are her ability to communicate goals clearly, and her ability to guide, coach, and motiv

lesya692 [45]

Answer:

D, Leading

Explanation:

If Sylvia excels in communicating goals, guiding, coaching, and motivating, I would say that she would be best at D, leading. Leading is a synonym for guiding.

3 0

3 years ago

The following income statement is provided for Vargas, Inc. Sales revenue (2,600 units × $20.10 per unit) $ 52,260 Cost of goods

leva [86]

Answer: 3.91

Explanation: We can calculate operating leverage by using following formula:-

$operating\:leverage=\frac{contribution}{net\:income}$

where,

contribution = sales - variable cost

= sales - ( variable cost of goods sold + supplies )

= $52,260 - ( $26,260 + $5460)

= $20,540

Now, putting the values into equation we get :-

$operating\:leverage=\frac{20,540}{5,240}$

= 3.91

3 0

3 years ago

While attending a staff meeting and listening to a coworker present information on the legal use of copyrighted images, Darrell

Oxana [17]

Answer:

He should tell his coworker that there is mistakes, but in a polite way.

Explanation:

hope this helps

8 0

3 years ago