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sergejj [24]
3 years ago
6

What does reconciling an account involve? checking one's financial records against the bank’s making sure a paycheck arrives on

time calculating the interest owed on a savings account identifying instances of identity theft
Business
2 answers:
Misha Larkins [42]3 years ago
7 0

Answer:

checking one's financial records against the bank’s

Explanation:

Reconciling an account is the regular confirmation that the reported balances are accurate. It involves checking one's account against bank balances to ensure the figures are tallying. Reconciling may require making adjustments to capture omitted transactions and charges. In practice, reconciliation involves comparing one financial records against the bank statement.

cluponka [151]3 years ago
3 0

Answer:

checking one's financial records against the bank’s

Explanation:

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Bob lives in San Diego and runs a business that sells boats. In an average year, he receives $793,000 from selling boats. Of thi
sesenic [268]

Answer:

Explanation:

Explicit Costs refers to costs that involve an immediate outlay of cash from the business and it is recorded and reported to the management.

Implicit Cost refer to the cost which the company had foregone while employing the alternative course of action and is neither recorded nor reported to the management of the company.

a. The wages and utility bills that Charles pays

Identification: Explicit Cost

b. The wholesale cost for the guitars that Charles pays the manufacturer

Identification: Explicit Cost

c. The rental income Charles could receive if he chose to rent out his showroom

Identification:  Implicit Cost

d. The salary Charles could earn if he worked as a financial advisor

Identification:  Implicit Cost

6 0
3 years ago
The December 31, 2018, inventory of Tog Company, based on a physical count, was determined to be $470,000. Included in that coun
Anna [14]

Answer:

$600,000; $40,000 (understated); Reduced by $40,000; Reduced by $40,000.

Explanation:

Given that,

Physical count = $470,000

Cost of shipment of goods received = $70,000

Another supplier shipment costing = $30,000

Merchandise cost = $100,000

Correct December 31, 2018, inventory balance:

= Physical inventory + Merchandise inventory (FOB)

= $470,000 + ($30,000 + $100,000)

= $470,000 + $130,000

= $600,000

Change in cost of goods sold:

= Change in net purchase(Understated) + Change in ending inventories

= [$70,000 + $100,000] + (-$130,000)

= $170,000 - $130,000

= $40,000 (Understated)

Net income reduced by $40,000 and also, the retained earnings reduced by $40,000.

3 0
3 years ago
A logo and/or the business or organization's name generally appears at or near the ____ corner of a webpage to help visitors ide
Oksana_A [137]
The answer to this question is  Upper-left
The creator of a website will generally want that the visitors wanted to know who are responsible in making the content.
Because of this, they usually put their name on the upper left because most people will start reading a page from that spot
4 0
3 years ago
What term refers to the United States’ sale of steel to Germany?
aleksklad [387]
The answer would be : B. business

Business refer to an activity in which an entity provides goods or services to the consumers. In this case , The united states is the entity , Steel is the Goods, and Germany is the consumer 
3 0
3 years ago
Read 2 more answers
Which of the following statements is true in the context of selecting the best alternative? a. The decision maker can only selec
Assoli18 [71]

Answer:

d. The decision maker must only stick to completely rational, mathematical analysis while selecting an alternative.

Explanation:

It is most ideal for a decision maker to stick to completely rational way of selecting an alternative as this means that the decision maker will only make choices that will be of maximum benefits and low costs. Factors such as personal feelings, or sense of obligation do not interefere when a decision maker sticks to completely rational and mathematical analysis method of decision making.

7 0
3 years ago
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