Answer:
firm
Explanation:
How should the CEO open his remarks to draw in the audience and ensure his introduction is effective
The inference shows that the CEO can draw on the audience by anticipating that moving will require major adjustment.
What is an inference?An inference simply means the conclusion that can be reduced based on the information given in a literary work.
In this case, the inference shows that the CEO case draw on the audience by anticipating that moving will require major adjustment.
Learn more about inference on:
https://brainly.com/question/25280941
Bank Reconciliation and Entries
Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of July 31, 20Y0, have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account.
CASH ACCOUNT:
Balance as of July 1 $ 9,578. 00
CASH RECEIPTS FOR MONTH OF JULY 6,465. 42
DUPLICATE DEPOSIT TICKETS:
Date and amount of each deposit in July:
Date Amount Date Amount Date Amount
July 2 $569. 50 July 12 $580. 70 July 23 $713. 45
5 701. 80 16 600. 10 26 0601. 50
9 819. 24 19 701. 26 31 1,177. 87
CHECKS WRITTEN:
Number and amount of each check issued in July:
Check No. Amount Check No. Amount Check No. Amount
614 $243. 50 621 $309. 50 628 $837. 70
615 350. 10 622 Void 629 329. 90
616 279. 90 623 Void 630 882. 80
617 395. 50 624 707. 01 631 1,081. 56
618 435. 40 625 158. 63 632 325. 40
619 320. 10 626 550. 03 633 310. 08
620 238. 87 627 381. 73 634 241. 71
Total amount of checks issued in July $8,379. 42
BANK RECONCILIATION FOR PRECEDING MONTH:
Sunshine Interiors
Bank Reconciliation
June 30, 20Y0
Cash balance according to bank statement $9,422. 80
Adjustments:
Deposit of June 30 not recorded by bank $780. 80
Outstanding Check No. 580 ($310. 10)
Outstanding Check No. 602 (85. 50)
Outstanding Check No. 612 (92. 50)
Outstanding Check No. 613 (137. 50)
Total adjustments 155. 20
Adjusted balance $9,578. 00
Cash balance according to company's records $9,605. 70
Adjustments:
Bank service charges (27. 70)
Adjusted balance $9,578. 00
JULY BANK STATEMENT.
Required:
1. Prepare a bank reconciliation as of July 31. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales.
2. Journalize the necessary entries (a) that increase cash and (b) that decrease cash. The accounts have not been closed.
3. What is the amount of Cash that should appear on the balance sheet as of July 31?
4. Assume that a canceled check for $180 has been incorrectly recorded by the bank as $1,800. Select how the error would be included in a bank reconciliation and how it should be corrected.
Feedback
Set up two sections: one for the bank balance and the other for the company cash account. Determine the effect of the data on each section. Recall that when you are finished, the adjusted balances in the bank and company sections of the reconciliation must be equal. If not, an item has been overlooked or treated in error. Recall that the company's cash account balance is updated for any items in the company section of the bank reconciliation.
5. Errors should be added or deducted from the bank or company section of the reconciliation depending on the nature of the error. If the bank made the error, the bank section would be adjusted. Subtract to obtain the difference between the correct and incorrect amounts. Has the bank overstated or understated the Cash balance in their records?
If the errors were made by the company, the adjusted bank balance is $11,494 and the adjusted book balance is $11,494.
Bank reconciliationa. Bank reconciliation statement July 31, 20Y0
Cash balance according to bank statement $11,601.41
Add deposit not recorded $1,177.87
Total $12,779.28
Less outstanding checks
No.613 $137.5
No.618 $837.7
No.633 $310.08
Total $1,285.28
Adjusted balance $11,494
($12,779.28-$1,285.28)
Bank reconciliation statement July 31, 20Y0
Cash balance according to company book $7,664
($9,578+$6,465.42-$8,379.42)
Add proceed of note collected:
Principal $4,000
Interest $160
Add july deposit error $18
Add error in check No.627 $63
Total $4,241
Deductreturn check $375
Service charges $36
Total $411
Adjusted balance $11,494
($7,664+$4,241-$411)
2. Journal entries
Debit Cash $4,241
Credit Notes receivable $4,000
Credit Interest revenue $160
Credit sales $18
Credit Account payable $63
Debit Accounts receivables $375
Debit Miscellaneous expense $36
Credit Cash $411
3. The amount of cash that should appear on the balance sheet as of July 31 is $11,494.
4. The error amount of $1,620 calculated as ($1,800-$180) should be included in the bank statement balance while the cancelled check should as well be corrected by giving the same check to the bank.
Inconclusion If the errors were made by the company, the adjusted bank balance is $11,494 and the adjusted book balance is $11,494.
Learn more about bank reconciliation statement here:https://brainly.com/question/15525383
A country's gross domestic product for a given time period is the total
market value of
(1 point)
all goods and service produced within the country's
borders
O
all finished goods and services produced within the
country's borders
o
all goods and services produced by the country's
residents
O
all finished goods and services produced by the country's
residents
A country's gross domestic product for a given time period is the total market value of all finished goods and services produced within the country's borders.
What is the gross domestic product?Gross domestic product is the sum of all finshed goods and services that is produced in a country within a given period of time.
One of the ways of determing the value of GDP is the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
To learn more about GDP, please check: https://brainly.com/question/15225458
Answer: D.) all finished goods and services produced within the country's borders.
Explanation:
just took it :)
Intoxicated but still capable of comprehending the consequences of her actions, cricket signs a contract to sell her phone app design to downloads, inc. This contract is.
An intoxicated person may lack the mental capacity necessary to contract. Generally, this will require extreme intoxication. If the intoxicated person enters into a contract, she must disaffirm the contract within a reasonable time of regaining capacity and learning of the contract. But most likley in a court of law it will be inadmissable.
Business Information Management 1a: Introduction / Unit 2: The Finances of Business
The finances of businesses involve several things, including:
Revenue and profit.Costs and expenses.Budgets. What are some components of finance in business?The financial aspect of a business is hugely important to the success of the business because it involves making a profit which is the sole purpose of business.
In order to be successful in business, one needs a good financial plan. This plan will predict the revenue that the company should be earning in order to make profit.
It should also include the various costs and expenses that the business will incur as it engages in business. This financial plan usually comes in the form of a budget which provides ideas on how a business should spend money.
Note: Question was incomplete so a general overview of business finance was given.
Find out more on business finance at https://brainly.com/question/1265337.
Answer:
FACTORS AFFECTING THE SPELLING DIFFICULTIES OF SENIOR HIGH SCHOOL STUDENTS IN 2021-2022
What channel intermediary does not take title to products, but instead brings a seller and buyer together?.
Answer:
It would be the agent by definition.
Answer:
an agent.
Explanation:
a real estate agent does not physically own the properties, but helps bring in consumers who want to purchase the home.
please rate and mark as brainlest.
If government spending increased by $5 billion and the expenditure multiplier is 3.2, what would be the increase in the real GDP
The increase in real GDP when government spending increases is $16 billion.
What is the increase in real GDP?
Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.
Increase in Real GDP = multiplier x increase in government spending
$5 billioin x 3.2 = 16 billion
To learn more about GDP, please check: https://brainly.com/question/15225458
Which of these is a consumer right recognized by the united nations? a. right to equality b. right to openness c. right to education d. right to collaboration
Consumer's right means information about the products or services to a consumer. The WHO recognized the right to education as a consumer right.
What are consumer rights?It means a consumer right to information about the products or services quality, quantity, purity, price and standard. The consumer has the right to be protected against unfair trade practices.
US President John F Kennedy in 1962 declared 15 April as World Consumer Rights Day and recognizes basic consumer rights such as right to safety; to be informed; to choose and to be heard. So option c right to education is recognized by WHO as a consumer right.
Therefore, option c right to education aptly describes the statement.
Learn more about consumer rights here:
https://brainly.com/question/11485616
Answer:
C. Right to education
Explanation:
Do u have a mil what would u do wit it
how would u invest
Answer:
I would save a quarter of it for university, I would pay off and debt then I would invest in shares and donate to charity. also buy a car.
Explanation:
this is a personal based question so it's what you would spend the mil on. this is what I would spend it on.
Mia puts money into a piggy bank so she can spend it later. What function of money does this illustrate?.
savings
Explanation:
your are putting your money back and being responsible
Why is the monopolist is a price maker?
Answer:
✒️Answer:A monopoly firm is a price-maker simply because the absence of competition from other firms frees the monopoly firm from having to adjust the prices it charges downward in response to the competition. ... Absent that competitive atmosphere, a sole provider can set the price he or she wants.
Explanation:
#CarryOnLearning[tex]watch.some.anime[/tex]
With an adjustable rate mortgage, if the rate of inflation jumps, then the nominal rate on the mortgage will
Answer:
rise, since it is adjustable and there is inflation.
Explanation:
Which of the following statements about electronic résumés is false? a. directions for submitting electronic résumés should be followed carefully. b. many companies only use electronically submitted or emailed résumés. c. electronic résumés should be typed in a standard word processing program. d. electronic résumés should be saved in html format. please select the best answer from the choices provided a b c d
An electronic resume is one that is sent to a potential employer via email. An electronic résumé is used to apply for employment online.
What makes an effective electronic resume?On an electronic resume might be provided in a distinct keyword section or integrated into the text. All text should be positioned to the left and in a plain typeface. Underlining, bolding, italics, and bullets should be avoided since they can cause problems with older OCR software.
Thus, Option D would be the false statement about electronic resumes.
For more information about Electronic resume refer to the link:
https://brainly.com/question/1297851
Answer:D
Explanation:Electronic résumés should be saved in HTML format.
An example of an entrepreneur would be someone who opened up a gourmet popcorn store in the local mall. Please select the best answer from the choices provided T F.
A person who opened up a gourmet popcorn store is a suitable example of an entrepreneur.
What do you mean by Entrepreneur?An entrepreneur refers to the person who is solely responsible for the success of the business. In other words, an entrepreneur runs a business of his own and runs it profitably.
An entrepreneur who opened up a gourmet popcorn store in a local mall is considered an example of an entrepreneur.
Therefore, the above statement is True.
Learn more about Entrepreneur here:
https://brainly.com/question/13897585
At which stage in the product life cycle do sales experience their most rapid increase?.
Answer:
The growth stage
Explanation:
As product awareness increases, customers are more likely to purchase the item and sales increase. The success of a product in one area can lead to the product being introduced into other market segments.
What type of orientation has a firm adopted when it measures itself primarily against firms that challenge it for customers
Answer:
Competitor
Explanation:
A pricing strategy in which factors such as consumer demand and manufacturing costs are less important than the price of a comparable product supplied by a strong competitor; also known as competition-based pricing.
What is the Competitor orientation?The emphasis on outperforming the competition rather than increasing profits is known as competitor orientation. Despite being, by definition, suboptimal for profit-maximizing organizations, thrive in commercial environments.
Their strategy is based on the notion that they should assess themselves largely in light of their competitors.
Pricing that is on par with that of their primary competitors is referred to as competitive parity. Pricing at current levels: Only modifies prices to keep up with competitors.
Therefore, Competitor type of orientation has a firm adopted when it measures itself primarily against firms that challenge it for customers.
Learn more about Competitor orientation here:
https://brainly.com/question/14526584
#SPJ5
After the product is developed the detergent company researches what their
competitors are charging for the product. Which of the 4 P's would this best
describe?
Place
Product
Promotion
Price
the answer is price
Explanation:
they are making sure who charges what
Answer:
the answer is price
Explanation:
you are welcome
A company issues $100,000 of 5%, 10-year bonds dated january 1. The bonds pay interest semiannually on june 30 and december 31 each year. If the bonds are sold at par value, the issuer records the sale with a debit to.
In a situation were the bonds are sold at par value, the issuer will records the sale with a debit to: Cash $100,000.
Journal entryBased on the information given if the company issues the amount of $100,000 of 5%, 10-year bonds in the month of january the appropriate journal entry to record this transaction is:
Debit Cash $100,000
Credit Bond payable $100,000
(To record bonds sold at par value)
Inconclusion the issuer will records the sale with a debit to: Cash $100,000.
Learn more about journal entry here:brainly.com/question/14279491
Which of the following is a disadvantage associated with scientific advances? a. decreased urbanization b. increased energy efficiency c. increased waste production d. increased renewable resource use
Answer:
increased waste production
Though development in the scientific advances and technology helped in improving the quality of life still it increases waste production.
What is Science?Science refers to the organized body of knowledge that depends upon some principles.
Scientific advancements and technology made life better through improvements in communication, transportation, and growth in the economy but the major disadvantage is an increase in the hazardous waste product that is released into the atmosphere including an increase in carbon dioxide emissions, nuclear wastes, etc.
Thus, increased waste production is a major disadvantage.
Learn more about Scientific advances here:
https://brainly.com/question/2817915
Roosevelt created the fair employment practices commission to.
Answer:
The Fair Employment Practice Committee was created in 1941 in the United States to implement Executive Order 8802 by President Franklin D. Roosevelt banning discriminatory employment practices by Federal agencies and all unions and companies engaged in war-related work.That was shortly before the United States entered.
Explanation:
hope this helps
The stage of the new-product development process that internally and externally evaluates new-product ideas to eliminate those that warrant no further effort is referred to as
The screening and evaluation stage of the new product development is the process that evaluates new product ideas.
What is the screening and evaluation stage of product development?This is the stage in this process that has to do with following of ideas and the generation of concepts.
In this stage, models are scored and the judgments of people based on experience is taken into consideration.
Read more on new product development here: https://brainly.com/question/11223911
Which marketing tactic runs counter to the practice of market segmentation?
undifferentiated marketing
targeted marketing
marketing campaign
demographic marketing
targeted marketing
I hope this helps you
:)
what independent sales branch is being replaced by a manufacturer sales branch
You run a regression for a stock's return on a market index and find the following Excel output: Multiple R 0. 35 R-Square 0. 12 Adjusted R-Square 0. 02 Standard Error 38. 45 Observations 12 Coefficients Standard Error t-Stat p-Value Intercept 4. 05 15. 44 0. 26 0. 80 Market 1. 32 0. 97 1. 36 0. 10 _______________ % of the variance is explained by this regression
The percentage of variance that is mewasured in this regression is 12 percent.
What is the variance in a regression analysis?This value is represented by R² in the excel output. The R squared is a measure of the variance of the dependent variable that is explained using the independent variables.
The R squared is the sample variance of all of the outputs in the regression analysis.
The R squared in the output says 0.12 = 12 percent
Read more on variance here:https://brainly.com/question/14306566
What are 3 ways the natural gas been used in oroduction
Answer:
The industrial sector uses natural gas as a fuel for process heating, in combined heat and power systems as a raw material to produce chemicals, fertilizer, hydrogen, and plant fuel.
Explanation:
Have a great rest of your day
#TheWizzer
By drastically reducing inventories, manufacturers can increase the utilization of more floor space. This is an example of a
Drastically reducing inventories to help manufacturers increase the utilization of more floor space is an example of B. a just-in-time (JIT) inventory system.
What is a Just-inTime inventory system?A Just-in-Time inventory system is inventory management that ensures that raw materials for production arrive as needed.
With a Just-in-Time system, inventory arrives as production is scheduled to begin.
The purpose of a Just-in-Time system is to reduce inventory on hand to the minimum just to meet demand.
A. a merchandising inventory system.
B. a just-in-time (JIT) inventory system.
C. a finished goods inventory system.
D. determining inventory quantities.
Thus, reducing inventories to help manufacturers increase the utilization of more floor space is an example of B. a just-in-time (JIT) inventory system.
Learn more about the Just-in-Time inventory system at https://brainly.com/question/8842151
________ is a term that denotes the set of assets and liabilities that are linked to a brand and enable it to raise a firm's valuation.
Now, read a final article about the ita’s goal of creating fair trade. based on what you have learned, why does the ita believe that fair trade is important to us businesses and to the world?
Answer:
The ITA believes that fair-trade policies allow countries to import and export freely, allowing consumers to save money. It will also create economic opportunities that will help to improve economies in other countries, which could contribute to solving global issues like poverty. To meet these goals, the ITA believes that trade barriers need to be eliminated.
Explanation:
The ITA believes that fair-trade is important to us for the business because that policies allow countries to transport freely and to remove or the various economic problems.
What is ITA?The full call of ITA is the Industry Training Authority. It is fully owned or governed by the Italian Government through the Ministry of Finance and the Economy.
It will also make economic possibilities that will support to amend economies in another countries.
This type of support could modify to understanding global contents or issues like poverty.
To encounter these destinations or goals, the ITA accepts that trade barriers need to be destructed with the intention of creating the fair trade.
Therefore, the aim of ITA to solve many problems of the economy.
Learn more about ITA, refer to:
https://brainly.com/question/1311466
How do embargoes most negatively affect a domestic market?.
Explanation:
by depriving domestic producers of needed goods, restricting their ability to trade by helping international producers fill a market void, decreasing domestic trade by preventing domestic producers from trading needed goods with all countries by encouraging international producers to sell new goods for lower prices ..
By prohibiting domestic industries of necessary commodities and limiting their ability to trade, international sanctions have a particularly severe impact on the domestic market.
What are embargoes?When a government passes an order restricting merchant ships from leaving its ports, the term "embargo" is used. An embargo is a restriction on trade and commerce with one country or state, or a group of related nations, either partially or entirely.
The American economy was effectively halted by Jefferson's Embargo Act, which prohibited trade with any foreign port. The embargo act had an impact on the nation as agricultural prices and income decreased.
Industries connected to shipping suffered greatly. Existing markets suffered damage due to which the economy got damaged and results in Increased unemployment.
Learn more about embargoes, here:
https://brainly.com/question/8243525
#SPJ2
By buying a ________ bond, investors may choose to exchange their bond for shares of common stock in the company.
The type of bond which investors would buy that they may choose to exchange their bond for shares of common stock in the company is known as convertible bonds.
What is a Bond?
This refers to the fixed income investment which is used to show that a loan is taken by either an individual or corporation.
With this in mind, if an investor wants to later exchange their bond for shares of common stock in the company, then they would have to buy convertible bonds,
Read more about convertible bonds here:
https://brainly.com/question/9817093