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stealth61 [152]
3 years ago
14

The following items may appear on a bank statement:

Business
1 answer:
jek_recluse [69]3 years ago
5 0

Answer:

a. NSF check  ⇒ non-sufficient funds check: it is a debit memo that decreases the account balance. One or more of the checks from third parties that you deposited didn't have enough funds to be cashed.

b. EFT deposit  ⇒ electronic funds transfer: credit memo that increases the account balance. Someone deposited money to your account through an electronic transfer, e.g. online transfer.

c. Service charge  ⇒ debit memo that decreases the account balance. This is a fee charged to you by the bank for the banking services provided.

d. Bank correction of an error from recording a $300 check as $30 ⇒ debit memo that decreases account balance. A check that you wrote was erroneously recorded as $30 when its value was $300.

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What serves as collateral in a repurchase agreement? multiple choice question. the security itself there is no collateral a bund
Mila [183]

The security itself serves as collateral in a repurchase agreement.

Option A is correct

What is Repurchase Agreement ?

A short-term secured loan referred to as a repurchase agreement (repo) involves the sale of securities to a third party with an agreement to later repurchase those securities at a better price. The securities act as security. The interest paid on the loan, or repo rate, is that the difference between the securities' original purchase price and their repurchase price.

Reverse repurchase :

The exact opposite of a repo transaction is a reverse repurchase agreement (reverse repo). during a reverse repo, one party buys securities and promises to resell them for a profit at a later time, frequently as soon because the next day. Repo's are often overnight, although they will also be longer.

To learn more about Repurchase agreement :

brainly.com/question/13180759

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7 0
1 year ago
Explain the following statement in your own words: "Increasing productivity and also quality will result in increased capacity,
WARRIOR [948]

Answer:

Increased productivity and quality leads to consumer trust relationship that results in increase in demand and increase in the production capacity to meet the demands.

Explanation:

First when a company increases its productivity with commensurate increase in the quality of the goods produced or manufactured. The direct effect is that  the consumer base of the goods increase. In other words, consumers exhibit a level of confidence in the quality of the goods, they are attracted to patronize the company and since there is increased productivity, the company is able to meet the needs of its increasing consumers.

Furthermore, once the consumers are attracted and the company is able to meet demands, more consumers are also eager to join in purchasing the product, hence, the company is then required to increase its production capacity to meet the demands of its ever increasing customers.

<u>Why?</u>

The ability of a company to produce consistently quality goods and also meet the demands of its customers lead to a trust relationship between the customers and the manufacturer and such a relationship provides a solid platform for a continuous increase in consumer base that will warrant an increase in production capacity to accommodate more demands.

8 0
4 years ago
______________refers to a lack of basic necessities, such as food, shelter, and income.
Ugo [173]

Poverty is defined as a lack of fundamental requirements like food, housing, and income.

  • The inability to meet basic requirements such as bread, clothing, and shelter is defined as poverty. Poverty, on the other hand, is far more than a scarcity of resources. As defined by the World Bank Organization, poverty is "hunger."
  • Poverty is described as a lack of material possessions or a poor income. Poverty has numerous social, economical, and political origins and repercussions.
  • Poverty is linked to negative situations such as bad housing, unemployment, inadequate food and nutritional insecurity, inadequate child care, a lack of access to medical care, hazardous areas, and underresourced schools, all of which harm our country's children.
  • Poverty has been associated with poor health, a lack of knowledge or skills, an unwillingness or desire to work, and impoverishment.

Thus this is the meaning of Poverty.

To learn more about Poverty, refer: brainly.com/question/2625149
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7 0
1 year ago
As a small business owner, Jasmine can't afford to provide her employees with the high wages and benefits offered by big corpora
marusya05 [52]

Answer:

The correct answer is letter "C": empower her employees to develop their own ideas.

Explanation:

Providing employees with higher wages or training are not the only forms to keep them engaged with the company. Some workers look for self-development and obtaining expertise with a job. Thus, <em>organizations should also focus on empowering employees by giving them more responsibility at the moment of making decisions on their day-to-day duties. By keeping them motivated employees are likely to be more productive.</em>

4 0
3 years ago
Record the adjusting entries for the month of December. Explanations are not required.
horsena [70]

Answer:

Item a

Debit : Salaries Expense  $1,700

Credit : Salaries Payable  $1,700

Item b

Debit : Depreciation expense $200

Credit : Accumulated depreciation $200

Item c

Debit : Insurance expense $350

Credit : Prepaid Insurance $350

Item d

Debit : Supplies expenses $110

Credit : Office Supplies $110

Item e

Debit : Unearned revenue $400

Credit : Revenue Earned $400

Item f

Debit : Accounts Receivable $900

Credit : Service Revenue $900

Explanation:

The adjusting entries for the month of December have been prepared above.

4 0
3 years ago
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