The statement is true.
In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per the company's records because the excess amount would be reduced from the bank balance in the company's records, So the company books are not correct. To make them correct the excess amount should be added back to the balance as per the company's records.
For example, if the check amount was 500 but the company recorded it as $550. Then means that the company records show $50 less compared to the bank statement. Therefore, that $50 is added back and then it comes equal to the bank statement balance.
When a note is written to settle open account an entry that converts the accounts receivable account to a note receivable account is required. This entry is required because when the note is written to settle accounts the company has to receive notes in the future and the amount of the account.
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In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per company's records.
TRUE
FALSE
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Answer:
This is an example of price leadership.
Explanation:
Price leadership is a type of practice where a firm, most likely a dominant one, sets the price and other firms follow it. It is commonly seen in an oligopoly market.
In an oligopoly market, there are a few firms, these firms are interdependent. A price change by one firm affects its rivals.
Price leadership is of different types.
- Barometric
- Collusive
- Dominant
So when a dominant firm changes its price, the followers have to follow it if we they want to retain their market share.
Kris should adjust in accordance with the cooperative decision being taken by his team concerning the usage of new software.
<h3>What is software?</h3>
Software is an application that instructs and implements tasks in a quicker and easier way through the computer or laptop.
According to the situation, the usage of new software would make the completion of the project on time as suggested by Kris. But his team thought that the training for using that software would be very costly to the firm and also become too risky for the project.
Therefore, the mutual decision taken by him and his team would be the ideal solution for completing the project on time.
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Answer:
For each hour of work 2.81 loaves are produced.
Explanation:
current production: 1,800 per month
utility cost 800
ingredient cost: 0.40
productivity per labor hour: output / labor hours
It is the total goods produced over a base.
In this case, labor hour.
1,800/640 = 2.8125
For each hour of work 2.81 loaves are produced.
Answer: Amelia has a claim for discrimination based on gender discrimination.
Explanation:
Gender discrimination has to do with inequality that exists between men and women at workplace, homes etc. These differences ate as a result of cultural norms, psychology etc.
In this scenario, we are told John and Amelia were caught one day stealing a tractor at their workplace but that John was given a verbal warning and Amelia was terminated. This shows that there is gender discrimination. Since they both committed thesame offence, they should get thesame punishment. Therefore, Amelia has a claim for discrimination based on gender discrimination.
