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sergeinik [125]
3 years ago
13

Why it is important to prepare a bank reconciliation statement at the end of each month​

Business
1 answer:
AysviL [449]3 years ago
5 0

Explanation:

The purpose of preparing a Bank Reconciliation Statement is to detect any discrepancies between the accounting records of the entity and the bank besides those due to normal timing differences. Such discrepancies might exist due to an error on the part of the company or the bank.

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Vivian owns an art supply store and traffic for her "painting" product group is increasing. to optimize the performance of her p
Bad White [126]
<span>To optimize the performance of her painting products, Vivian should </span>subdivide the product group and move budget allocation to the best performing products. Product group can be organized for all products. The groups can be categorized by brand or product category.

6 0
3 years ago
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The five major decisions addressed by logistics managers are A. transportation, warehousing, location, reverse logistics, and th
babunello [35]

Answer:

C. strategic, third-party logistics, warehousing, transportation, and location.

Explanation:

A logistics manager is an individual who is saddled with the responsibility of the entire or overall supply chain management of goods produced by an organization. They are usually responsible for the distribution and supply of goods through out the manufacturing and finished process of delivering to final consumers.

The five major decisions addressed by logistics managers are

1. Strategic.

2. Third-party logistics.

3. Warehousing.

4. Transportation.

5. Location.

8 0
4 years ago
What is the 4 MAJOR
bogdanovich [222]

Answer:

- The presence of a duty. We all have a duty to take steps to prevent injury from occurring to other people.

- The breach of a duty. The defendant must have failed to live up to his duty to prevent injury from occurring to you.

- An injury. You were injured.

- The injury resulted from the breach.

Explanation:

Hope this helps.

3 0
3 years ago
A customer, age 45, invests $100,000 in a variable annuity contract. It imposes an 8% charge if the contract is surrendered with
qaws [65]

Answer:

the client should wait 10 more years until the contract is worth $180,000 since he will earn a slightly higher interest rate

Explanation:

we must determine the effective interest earned by the client if he accepts the company's proposal:

future value = present value x (1 + r)ⁿ

121,000 = 100,000 x (1 + r)⁵

(1 + r)⁵ = 121,000 / 100,000 = 1.21

⁵√(1 + r)⁵ = ⁵√1.21

1 + r = 1.0389

r = 0.0389 = 3.89%

if the client waits 10 more years until he is able to annuitize the account, he should earn:

180,000 = 100,000 x (1 + r)¹⁵

(1 + r)¹⁵ = 180,000 / 100,000 = 1.80

¹⁵√(1 + r)¹⁵ = ¹⁵√1.80

1 + r = 1.03996

r = 0.03996 = 4%

8 0
4 years ago
Plx help me PLZZZZZZZZZZZ
lbvjy [14]
What are we supposed to do?
8 0
3 years ago
Read 2 more answers
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