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g100num [7]
3 years ago
13

Why is it important to reconcile your bank statements?

Business
1 answer:
zubka84 [21]3 years ago
5 0

Answer:

When you reconcile your business bank account, you compare your internal financial records against the records provided to you by your bank. A monthly reconciliation helps you identify any unusual transactions that might be caused by fraud or accounting errors, and the practice can also help you spot inefficiencies.

You might be interested in
Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 785,000 candles for January. Wax is required to pr
icang [17]

Answer:

$604,035

Explanation:

The computation of the direct materials purchases budget is shown below:-

Total Wax Required                                490,625 Pounds

(785,000 × 10 ÷ 16)

Add: Ending Inventory                              125,00 Pounds

Total Units Available                              503125 Pounds

Less: Beginning Inventory                         16,000 Pounds

Total Pounds to be Purchased                 487,125 Pounds

Unit Price                                              $1.24 per Pounds

Total Direct Materials Purchased              $604,035

(487,125 × $1.24)

8 0
3 years ago
. In an income statement segmented by product line, the salary of the corporation chief executive officer (CEO) should be: a. al
Alexxx [7]

Answer:

d. classified as a common fixed expense and not allocated to the product lines.

Explanation:

In the case when the income statement is segmnented by the product line so the salary of the  chief executive officer (CEO) would be categorized as a common fixed expenses as it has fixed in a nature so it would not be allocated to the product lines

Therefore as per the given situation, the option D is correct

Hence, the same is to be considered

8 0
2 years ago
Cassandra was planning a new product launch. She knew that the art department was ready to work on the promotional pieces now, b
pochemuha

Answer: The correct answer is "D. obtaining the paper".

Explanation: Obtaining the paper could take a week without jeopardizing the deadlines set for the project since manufacturing must first take the costs to the marketing strategy group so that it could set the price.

7 0
3 years ago
The majority of sports income is generated by ticket sales to games.
BaLLatris [955]

Answer:

False it is made off of vender purchases

3 0
1 year ago
Pease Answer ASAP. I need help with sources to answer the following question:
cestrela7 [59]

Answer:

No, a college degree can help you earn a better salary but nothing is guaranteed. For example, someone with a college degree earns on average around $50,000 per year, while those with only a high school degree earn around $28,000 (that is almost half of a college graduate).

But the salary you earn is not guaranteed, it might be much higher or it might be zero. If you work hard you might get a raise pretty soon or you can get promoted, but if you are lazy then you can get fired.

The income classification is based on income, not on education. There are people who never graduated from college that are extremely rich, e.g. Bill Gates, Mark Zuckerberg, but they are not the majority. That is why they serve as examples so often. Most rich people actually do have a college degree, but they are rich not because of their college degree, but because of their work.

6 0
3 years ago
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