Answer:
C. Create a rotating assignment so each team member shares note taking.
Explanation:
In the case noted in the question above, there is a situation that could be unpleasant if it were decided by some type of bias.
Therefore, the most appropriate alternative for the team to address this situation would be to create a rotating assignment for each team member to share the notes. This way it would not happen that a team member is always chosen to perform a task that causes dissatisfaction in the whole team. Creating a rotating assignment to carry out the task would guarantee the uniformity of the task assignment and avoid possible dissatisfactions, inequalities and interpersonal conflicts that could arise.
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Similarly the Outstanding checks which is also known as unpresented checks are the money not yet withdrawn from the business bank account but is actually deducted from the bank balance as per the business books because the payments that the business makes actually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:
the amount that willing to pay is $44,591.11
Explanation:
The computation of the amount that willing to pay is as follows:
The Present Value of an Ordinary Annuity is
= Amount × [{1 - (1 ÷ (1 + rate of interest)^n} ÷ rate of interest]
= $1,000 × [{1 - (1 / (1 + 0.065 ÷ 4)^100} ÷ 0.065 ÷ 4]
= $44,591.11
Hence, the amount that willing to pay is $44,591.11
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: Please find answer in the explanation column
Explanation: A bank Reconciliation statement is one that shows a record ensuring a company's bank financial records corresponds with its financial book records and adjust any discrepancies found.
Bank reconciliation for the Wright company as of May 31st
Ending balance according to Bank statement $27,200
Add:
Deposit made $6,900
Bank error $470
$34,570
Deduct:
Outstanding checks ($6,300)
Adjusted bank balance $28,270
Ending balance according to Book statement $28,900
Add:
Deduct:
Bank Service Charge ($170)
NSF check ($460)
Adjusted book balance $28,270
<span>Answer:
Corporation don't want to take discount then pay bill in within 30 days. Nominal annual cost of trade credit Formula for Trade Credit = (365/Days Credit -Discounting Period ) * (Discount % / 1 - Discount %) Step 1 Here Cost of Credit = (365/30- 10) * (1/100-1) Step 2 = (18.25 * 0.01 )% Final Answer = 18.25% 12.17% is the cost of not taking discount to Rubash Corporation. Annual cost of costly trade credit: Here 10 Days discount period occurs 36.5 times per year. Effective Annual Credit cost = [1 + (Credit..</span>
