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3 years ago

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.

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Which of these are considered rewards of practicing management? Building a catalog of successful products or services Becoming a

Juliette [100K]

Answer:

The rewards of practicing management include:

a. Building a catalog of successful products or services

b. Becoming a mentor and helping others

c. Experiencing a feeling of accomplishment along with your employees

d. Magnifying your range and stretching your abilities

Explanation:

When management is truly practiced, the rewards are usually great. The rewards cannot be quantified by what one person has accomplished, because it has some multiplier effects. Organizational efficiency is also improved. For those in management, they will gain much experience which they can easily pass to others through mentoring and coaching. With their employees, they will also feel a sense of having accomplished something meaningful. Management also gives one the ability to go beyond one's natural range, stretching the person's abilities, and enabling her to attain better outcomes than initially imagined.

3 0

2 years ago

At the end of World War II many European countries were rebuilding and so were eager to buy capital goods and had rising incomes

fenix001 [56]

We would expect that the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>

<h3>What is aggregate demand?</h3>

Aggregate demand refers to the total demand for goods and services within an economy.

Because of the Marshall Plan initiated by the United States for rebuilding Europe after the Second World War, aggregate demand increased in both the United States and Europe.

<h3>Answer Options:</h3>

a. Both the US and Europe

b. The US, but not Europe

c. Europe, but not the US

d. Neither the US nor Europe

Thus, the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>

Learn more about aggregate demand at brainly.com/question/1490249

8 0

2 years ago

Workers in the nation of Brotherton expect managers to forcefully tell employees what to do, how to do it, and when. On the othe

pogonyaev

Answer:

The answer is B. Socio-cultural

Explanation:

The socio-cultural environment refers to the beliefs, practice, customs, tradition that influences the behaviour of a people that lives in a given population.

The socio-cultural belief of the nation of Brotherton is one that believe that all the planning activities of the organisation should be the duties of manager alone and the employee are just to do as they are told.

However, the American workers participate and make contributions in the decision making process of the organisation.

5 0

2 years ago

At the beginning of Year 1, a company reported a balance in common stock of $164,000 and a balance in retained earnings of $64,0

blagie [28]

Answer:

Explanation:

The preparation of the statement of stockholder equity and balance sheet is presented below:

a. Statement of stockholder equity

<u>Particulars Common stock Retained earnings Total stock equity</u>

Beg balance $150000 $50,000 $200,000

Add: Addi shares $40,000 $40,000

Add: Net income $30,000 $30,000

Less: dividend -$10000 -$10000

Total $190,000 $70,000 $260,000

b. Balance sheet

Assets Amount

Cash $52,600

Supplies $13,400

Prepaid rent $24,000

Land $200,000

Total assets $290,000

Liabilities Amount

Account payable $9,100

Un-earned revenue $2,400

Salaries payable $3,500

Notes payable $15,000

Stockholder equity $260,000

Total liabilities & stockholder equity $290,000

6 0

3 years ago

A company decides to close down its plastics division. It has on hand 20 tons of styrene monomer, a raw material that has a mark

Elena-2011 [213]

Answer:

$16,000

Explanation:

With regards to the above information, we are only concerned with calculating the value of 20 tons of styrene to the company, hence other information are not relevant.

The total value of the 20 tons of styrene monomer to the company would be ;

= 20 tons of styrene monomer × Market price of styrene monomer per ton

= 20 × $800

= $16,000

6 0

2 years ago