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Dmitry [639]
3 years ago
8

What is the major purpose of a bank reconciliation statement?

Business
1 answer:
Alona [7]3 years ago
6 0

Answer:

The bank reconciliation is an internal document that verifies the accuracy of records maintained by the depositor and the financial institution.

Explanation:

The balance on the bank statement is adjusted for outstanding checks and uncleared deposits. The record balance is adjusted for service charges and interest earned.

You might be interested in
Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few years, the company's market
meriva

The option that's least relevant to develop the reward strategy is C. What were the results of the most recent Homelife customer review ratings?

A reward strategy simply means the designing and implementation of reward policies that are vital in supporting the objectives of an organization.

In this case, it's important to know the compensation programs that should be used to reinforce necessary employee behaviors and how well Homelife's current compensation program matches the company's strategic aims.

It should be noted that the results of the most recent Homelife customer review ratings don't matter in the reward strategy.

Learn more about reward strategy on:

brainly.com/question/25284035

3 0
3 years ago
Which statement about transfer batch sizes is BEST?A) Transfer batches are the same size as process batches when arriving at a b
inn [45]

Answer:

D. Transfer batches can be as small as one unit

Explanation:

4 0
3 years ago
The management of Idaho Corporation is considering the purchase of a new machine costing $430,000. The company's desired rate of
Travka [436]

Answer:

NPV    $25,200

Explanation:

The computation of the net present value is shown below

<u>Years   Cash flow            Discount            PV </u>

0       -$430,000                  1                 -$430,000

1         $180,000                0.909             $163,620

2       $120,000                  0.826           $99,120

3       $100,000                   0.751           $75,100

4       $90,000                   0.683           $61,470

5       $90,000                   0.621           $55,890

NPV                                                        $25,200

5 0
3 years ago
Bob's GMI is $2,000 per month. He currently rents an apartment for $800 per month. Bob has a $199 monthly car lease and an $80 m
Murljashka [212]

Answer:

40/54

Explanation:

Bob's GMI = $2,000

Rent = $800

Car lease = $199

Credit card payment = $80

First, we'd calculate the percentage of his income that is his rent.

We have,

(800 ÷ 1000) x 100%

                             =40%

then we can calculate what percentage of his GMI is his spending

we have,

(800 + 199 + 80)  ÷ 2000

         (1079 ÷ 2000) × 100%

             = 0.54 × 100%

              = 54%.

This means that Bob's qualifying ratio is 40/54 i.e his housing/debt ratio.

With a qualifying ratio of 40/54, it is very impossible for him to get the smallest of mortgage loan product, etc.

Bob will need to find a co-borrower or another person that can lend a higher amount.

Cheers.

             

6 0
4 years ago
How does email marketing help companies nurture customers?
Lapatulllka [165]

Answer:Email helps with a lot of things , emails can help companies keep track of things such as documentary , reciepts,checks and more.

Explanation:

8 0
3 years ago
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