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alukav5142 [94]
2 years ago
11

Why is it important to reconcile your bank statements?

Business
2 answers:
densk [106]2 years ago
5 0

Answer:

hen 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.

Explanation:

MArishka [77]2 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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The strength or weakness of the potential entry of rivals as a competitive force is
solong [7]

Answer:

The correct answer is the option D: strongly correlated with the degree to which the industry's driving forces make it harder or easier for the new entrants to be successful.

Explanation:

To begin with, the entry of new competitors to the industry is regulated upon many factors that tend to make the procedure more or less difficult. Moreover, the entrance of the new companies will generate a change in the industry depend if the barriers are high or low and therefore that in certain industries the driving forces will complicate as much as they can the entrance due to the fact that there are few competitors already in the industry or because there are possession of special supplies and that is strongly correlated to the strength or wearkness of the potential entry of rivals at the industry.

3 0
3 years ago
Read 2 more answers
Talks-A-Lot, Inc. sells cell phones to customers and expects that 10% of phones sold will be returned for repair under its warra
Gnom [1K]

Answer:

Product warrant liability to be reported as on 31.12.2021* is $3.124

<em>*The procedures are attached in a microsof excel document. </em>

Explanation:

This amount will be recognized as a liability only if product warranty amount can be rmeasured reliabily and there is probability that there will be an outflow of funds.

Download xlsx
6 0
3 years ago
Ramos Inc. has total assets of $1,000 and total liabilities of $450 on December 31, 20Y6. Assume that assets increased by $130 a
sukhopar [10]

Answer:

The owner's equity be as of December 31, 20Y7 is $705

Explanation:

In this question, we apply the accounting equation which is given below

Total assets = Total liabilities + shareholder's equity

The question has said that the liabilities are decreased and the assets are increased.

So, the new asset is = total assets + increased amount

                                 = $1,000 + $130

                                 = $1,130

And, So, the new liability is = total liabilities - decreased amount

                                 = $450 - $25

                                 = $425

So, the shareholder equity would be equal to

= $1,130 - $425

= $705

Hence, the owner's equity be as of December 31, 20Y7 is $705

5 0
3 years ago
The Green Machine Manufacturing Company has the option to make or buy a component part for one of its lawnmowers. The annual req
Korvikt [17]
B. What is the total cost at the break even point.
8 0
3 years ago
Blue technologies manufactures and sells dvd players. great products company has offered blue technologiesâ $22 per dvd player f
jolli1 [7]

The expected increase in revenues is $2,20,000 .

The expected increase in costs is $1,40,000.

The Selling price per unit for the new 10,000 units order is $22. So, increase in revenues is to the extent of (10,000 × $22).

The question assumes excess capacity, hence fixed expenses will remain the same. The increase in Variable costs to the extent of (10,000 × $14) will contribute to an increase in costs.

4 0
3 years ago
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