Answer:
Option D. The deposits in transit are added to the balance per the bank statement, and outstanding checks are deducted from the balance per the bank statement during the bank reconciliation process.
Explanation:
The reason is that the bank balance as per business books are kept updated according to their knowledge of the transaction verified and bank keeps its business books updated according to its knowledge of the verified transactions.
When the customer presents the check to the business, the business increases its bank balance as per its books and at this point the bank doesn't know whether there is any monetary transaction actually taken place or not. So the bank hasn't altered the business bank balance in their books of accounts. This means the bank is overstated by the deposit in transit and for reconciliation sake we will have to add it to balance as per bank to tally it with the balance as per the business.
Similarly the Outstanding checks which is also known as unpresented checks are the money not yet withdrawn from the business bank account but is actually deducted from the bank balance as per the business books because the payments that the business makes actually records it. This means that the bank balance as per business books are lower than the balance as per the bank and for reconciliation sake we will have to deduct it from the balance as per bank to tally it with the balance as per the business.
Answer:
I will use the Omega network configuration if the economic factor is the determining one.
The total cost for the Omega network using the 4x4 switches will be $12,800, unlike the Butterfly network that can use the 16x16 switches that will cost $24,000.
Explanation:
The Omega network configuration will use the 4x4 switches which cost $50 each. The total number of switches required = 4,096/16 = 256. The total cost for 4x4 switches = 256 * $50 = $12,800. This is better than the Butterfly network configuration that can use the 16x16 switch, costing $1,500 x 16 (4,096/256) = $24,000.
The total cost that should be paid by the family is comprised of the cost for the shirts, the pairs of jeans, and pairs of shoes. The amount for each classification of items is determined by multiplying the number of items to the price per item.
The additional information that is needed in order to come-up with a reasonable estimation of the total price to be paid is the discount rate for the jeans. In this manner the buyer will then be able to determine the current price from $40.
Answer:
The correct answer is (A)
Explanation:
The cost which is directly associated with converting materials into a finished product is known as direct labour cost. The cost of wages paid to employees is the direct cost involved in the manufacturing process. In other words, a cost that is directly involved in the production of goods and services is the direct cost, for example, direct cost, direct commission, direct material cost.
Answer:
Investors began selling of their shares.
Explanation:
When investors sell shares in a company because they don't think it will sell for more in the future, the price of the stock falls. Other people will be less likely to buy the stock if they see the value falling, not rising, so the price will continue to drop in a dangerous cycle until something changes.
