The reconciliation balance for Bane Co. would be:
- Adjusted bank balance $1,380
- Adjusted cash balance $1,380
<h3>What is bank reconciliation?</h3>
Bank reconciliation statement summarizes banking and business activity, reconciling an entity's bank account with its financial records. Bank reconciliation process confirms that two separate records of transactions in an account are equal.
Bane Co. company
Bank Reconciliation for the month ended.
Ending balance on the bank statement $1,480
Add:
Deposit in transit of $200
Less:
Checks outstanding $300
Adjusted bank statement $1,380
Company's books
Ending balance per cash account $1,400
Less:
Service charge $20
Adjusted cash balance $1,380
Therefore,
Bane Co.'s bank statement are:
- Adjusted bank balance $1,380
- Adjusted cash balance $1,380
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The answer is B. this is because your talking about a man made tool used to carry out production.
Answer:
Store of value.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.
In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.
The Great society lead to greater protection for consumers through the passage of national traffic and motor vehicle safety act
Both of those things increased customer's protection regarding automobiles product, and creating a higher quality of products by the manufacturers at the same time
Answer:
It is good field practice to double-check and possibly triple-check the <u>location</u> decision, since the cost of repairing an improperly cut roof can be very high
Explanation:
Location decision can be described as the process of selecting a business location. Its major goal is to select the best options from a variety of options.
How easy or difficult it is for customers to reach a business is the most crucial factor that influences the success of a business. Customers frequently abandon businesses that are difficult to reach. Again, it is important to think about the target clients of the business and choose a location that will make it easier for them to locate the business.
Therefore, it is good field practice to double-check and possibly triple-check the <u>location</u> decision, since the cost of repairing an improperly cut roof can be very high. This implies the negative effect of a bad location decision may be too high for the business to bear.
