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PilotLPTM [1.2K]
3 years ago
10

All of the following are true regarding bank statements except the bank statement will show a credit for deposits received from

a company. the bank statement balance will always agree with the company recorded balance. the bank statement will show a debit if a check is paid for a company issuing the check. the bank statement is a copy of the bank's records sent to the customer for periodic review.
Business
1 answer:
EleoNora [17]3 years ago
5 0

Answer: the bank statement balance will always agree with the company record balance

Explanation:

A bank statement refers to the list of all the transactions for a bank account due a particular period of time. The bank statement consists of charges, withdrawal, deposits, etc.

The option that isn't true about bank statement is that the bank statement balance will always agree with the company record balance.

This is incorrect as the bank statement and the company record balance msy not agree because of timing difference with regards to the recording of transactions.

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The ratio of cash to monthly cash expenses can be used to _____. a.assess how long a company with negative cash flows from inves
sp2606 [1]

Answer:

The correct option is C. which is <em>assess how long a company with positive cash flows from financing activities can continue to operate</em>

Explanation:

<em>The ratio of cash to monthly cash expenses can be used to make assessment of a company whether how long it can determine without additional financing and positive cash flows generated from operations.</em>

The formula of The ratio of cash to monthly cash expenses

= Cash s of year end ÷ Monthly Cash Expenses

5 0
4 years ago
Refer to scenario 3.2. Acme wants to hire a trusted third-party verification site that specializes in internet security to view
Vlad [161]

Answer: Technology Assessment

Explanation: Technology is defined as "science or knowledge applied to a definite purpose." Technology assessment refers to a policy research that applies to long and short term consequences if the technology is implemented.

Acme is looking to hire a technology with a specific purpose of security of its client. So here, Acme is looking for technology assessment.


6 0
3 years ago
Kier Company issued $660,000 in bonds on January 1, Year 1. The bonds were issued at face value and carried a 5-year term to mat
yuradex [85]

Answer:

Interest Expense $39,600

Cash Flow from Operating Activities $39,600

Explanation:

Payment of Interest Expense is the cash expense paid during the year which is deducted from the operating profit in the calculation of net income which is used to determine the cash flow from operating activities.

Interest on the Bond = $660,000 x 6% = $39,600

At the time of payment Journal Entry will be as follow

Dr. Interest Expense   $39,600

Cr. Cash                       $39,600

As the cash is paid against the operating activities.

3 0
3 years ago
Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow.Estimated MOH $238,000A
Ulleksa [173]

Answer:

B.) $11.90

Explanation:

Predetermined manufacturing overhead rate are based on the estimates made by the company.

So the calculation should be:

Estimated MOH of $238,000<em> divided by</em> Estimated Machine Hours of 20,000.

Giving us the result of $11.90

(238,000 / 20,000 = 11.90)

7 0
4 years ago
What can a person do to help increase their credit score?
never [62]
The most logical answer is D
3 0
3 years ago
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