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2 years ago

12

A bank reconciliation reconciles the bank statement with the company's Multiple choice question. net cash flow in the statement

of cash flows. net income in the income statement. cash account in the balance sheet. cash from operating activities.

1 answer:

Murljashka [212]2 years ago

4 0

Answer:

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Explanation:

You might be interested in

Budgeted financial statements are financial statements based on budgeted amounts rather than actual amounts.

Tasya [4]

Answer:

The statement is True.

Explanation:

Budgeted financial statements are prepared for a future period of time. So that it is easy to anticipate certain fixed and variable costs and allocate financial resources to them.

Also, Budgeted financial statement are useful during the strategic planning process and planning on future business expansions.

3 0

2 years ago

Beginning Work in Process Inventory was 10,000 units that were 20% complete and 40,000 units started, with ending Work in Proces

lesya692 [45]

Answer:

Material EUP = 5000

Conversion Costs EUP = 51,200

Explanation:

Under weighted average method

Beginning Work in Process Inventory 10,000

Units Started <u> = 40,000</u>

Units to account for <u>50,000</u>

<em><u>In the Work In Process for Conversion Costs</u></em>

Beginning Work In Process (10,000*20 %) = 2000 were complete

Work done on beginning inventory = 10,000- 2,000= 8,000

Units Started = 40,000

Add Ending Inventory (8000*40%) <u> 3200</u>

Units to account for = <u>51,200</u>

5 0

3 years ago

The Fed has decided to expand the money supply, leading to lower interest rates. As a partner in a tech start-up, you react to t

Alona [7]

Answer:

A, B and D

Explanation:

Expanding the money supply is an exercise of expansionary monetary policy.

This decision will first allow our tech startup to acquire cheaper loans and expand our operations, this expansion in operations will result in new employment opportunities and hence as a result, unemployment will be reduced assuming this is a general trend in the economy.

This decision also directly reflects an increased investment and hence the GDP on the whole and the investment part of GDP would both increase,

GDP = C + I + G + (X - M), where I = investment.

This change in macro economy will increase aggregate demand due to expansionary effects. Increase in imports is not conclusive as it may or may not happen depending upon the demand state.

Hope this helps.

8 0

3 years ago

Telecom Co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month.

Sergio039 [100]

Answer:

The answer is: C) There are two distinct performance obligations: the wireless service and the phone.

Explanation:

Performance obligation refers to a promise made by a company to deliver a good or service to a customer. A series of goods or services that are very similar and are transferred at the same time to a customer can be considered as one single performance obligation.

For example, the voice service and the data service are considered one single wireless service. But the cellphone is totally different so it has to be considered a separate performance obligation.

7 0

2 years ago

Calloway department store buys jackets for $19.75 each and sells them for $37.88 each. what is the markup rate based on cost?

Svet_ta [14]

Answer : The markup rate based on cost is 91.79747%.

We have

Selling price per jacket = $37.88

Cost per jacket = $19.75

$Markup rate =[\frac{Selling Price - Cost}{Cost}] * 100$

Substituting the values in the formula above we get,

$Markup rate = [\frac{37.88-19.75}{19.75}] *100$

$Markup rate = [\frac{18.13}{19.75}] *100$

$Markup rate = 91.79746835$ %

8 0

3 years ago