Monopolistically competitive firms (A) cannot influence the market price by virtue of their size alone while monopolies and oligopolies can.
What is a monopoly?A monopoly occurs when there is a single seller in the market. The monopoly case is considered the polar opposite of perfect competition in conventional economic theory. The demand curve facing the monopolist is, by definition, the industry demand curve, which is downward sloping.What is oligopoly?Oligopolistic markets are characterized by a small number of suppliers. They can be found in all nations and in a wide range of industries. Some oligopoly markets are very competitive, whereas others are substantially less so, or appear to be.
Monopolistically competitive enterprises, unlike monopolies and oligopolies, cannot influence market prices only through their size.
Therefore, monopolistically competitive firms (A) cannot influence the market price by virtue of their size alone while monopolies and oligopolies can.
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Correct question:
The feature that differentiates monopolistic competition from monopolies and oligopolies is that monopolistically competitive firms.
(A) cannot influence the market price by virtue of their size alone.
(B) are price takers.
(C) do not have a price as a decision variable.
(D) benefit from barriers to entry.
In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses.
In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as consumption when purchased by households and investment when purchased by businesses.
Gross domestic product (GDP) is the overall monetary or market value of all of the goods and services produced within a country's borders in a particular time period.
GDP can be calculated by adding up all of the money spent by consumers, businesses, and the government in a given period. It may also be calculated by adding up all of the money received by all the participants in the economy.
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On october 4, 2020, concord company had credit sales transactions of $3300 from merchandise having cost $2600. the entries to record the day’s credit transactions include a:______.
On October 4, 2020, concord company had credit sales transactions of $3300 from merchandise having cost $2600. the entries to record the day’s credit transactions include a credit of $3,300 to Sales.
The term "credit sale" refers to the transfer of ownership of goods and services to a customer where the amount due is paid at a later date. In other words, a credit sale is a purchase resulting from the customer not paying in full at the time of purchase.
For example, if a parts company sells its widgets to a customer on credit and the customer agrees to pay for one month, the parts company will essentially provide offer the customer an interest-free loan equal to the purchase amount. Your credit sales journal entry will debit your accounts receivable with the amount credited by the customer.
Additionally, you will credit the sales tax payable and the revenue account. Selling credits are payments that are not made until days or weeks after product delivery. Short-term credit agreements appear on a company's balance sheet as accounts receivable and are different from immediate cash payments.
There are three main types of sales transactions: cash sales, credit sales, and prepaid sales. The difference between these purchases is simply when the money is received.
1. Cash sales: Cash is collected when a sale is made and the goods or services are delivered to the customer.
2. Sales on credit: The customer has a period after the sale is made to pay the seller.
3. Prepaid Sales: The customer pays the merchant in advance before the sale is made.
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You have an opportunity to buy either shares of common stock or shares of convertible preferred stock, for the same company. The Preferred stock is convertible to a set number of shares of common stock. All other things equal, would you consider buying the convertible preferred stock
YES, I would consider buying the convertible preferred stock.
The possible advantages to buying convertible preferred stock, and points to support the above decision are summarised below:
Double Benefit: Convertible Preferred Shareholders receive the benefit of General Preferred Stock until the point of conversion. Upon conversion, holders will receive all profits of the common stock.
Preference Over Common Shareholders: Preferred shareholders have priority over common shareholders with respect to the payment of dividends. In other words, common stockholders do not receive dividends unless preferred stockholders are paid dividends first.
>Fixed Dividend Income: Typically, the dividend rate is predefined and fixed to the preferred shareholders, with no uncertainty about the income received. For example, preferred stock is issued at a dividend rate of "2%..." or "$2 per share".
> Ordinary Income: Preferred shareholders receive regular dividend income even if no profits are distributed. Delinquency in dividends is cumulative (for cumulative preferred stock) if there is a shortfall in earnings. But common stocks don't pay dividends unless they make a profit.
> Low Risk: The amount of dividend income and payouts are fixed, so the risk is significantly lower than common stock.
> Benefits of conversion into common stock: Once these shares are converted, holders are entitled to voting rights, increased earnings, and investment growth as the common stock enjoys these benefits.
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While showing a property to an unrepresented buyer, you owe the customer the duties of dealing honestly and fairly, accounting for all funds, and ______.
This is also known as the three duties towards the customer DAD Dealing with Honesty. Accounting for all funds and Disclosing the material facts to the buyer.
Who is a buyer?A buyer is a customer who purchases the goods and or services of a company through which the company generates the revenue and earn profits. The buyer plays a key role in the development and running of a company.
The buyer should be allowed to have all the information about the product or service it is going to purchase, the buyer should be informed about the market rates and the demand of the goods as this is a material fact about the product.
Therefore it is a duty that a seller owes to the buyer to deal with honesty that is not charging high price if they are unaware of the price of the product.
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A machine has a cost of $15,000, an estimated residual value of $3,000, and an estimated useful life of four years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation?.
Answer:
We find the amount in accumulated depreciation by finding the depreciable value:
Asset Cost - Residual Value = Depreciable Value
$15,000 - $3,000 = $12,000
Now, let's divide this by 2 to find the amount in accumulated depreciation at the end of the second year:
$12,000 / 2 = $6,000
Carol Byrd gets a student rate of $30.00 a month for health insurance. There is a $250 deductible. She recently received treatment for a covered condition. The bill was $2,300. Carol's insurance company provided payment of 80% of the bill less the deductible. If applicable, include a thousands comma and round each amount to the nearest dollar. What was the company's payment
The company's payment = $1640,
Carol's total cost = $410.
Step-by-step
Given:
Bill amount = $2300
Amount of deductible = $250
Remaining amount is given by:
=$2300-$250
=$2050
Since Carol's insurance company provided paid 80% of the bill less the deductible.
So, the Company's Payment is given by:
Company Pays 80% which translates to 0.8
Company Payment = 0.8*2050
Company Payment = $1640
Carol's total cost after the payment of company is given by
Carol pays = $2050 - $1640
Carol pays = $410
Hence, the company's payment was $1640, Carol's total cost was $410.
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________ is the extent to which an employee identifies with an organization and is committed to its goals.
Organizational Commitment is the extent to which an employee identifies with an organization and is committed to its goals.
Organizational commitment refers to the connection or bond employees have with their employer (the organization). that is primarily based on commercial-organizational psychology (I/O psychology) and describes the man or woman's psychological attachment to the organization.
In organizational conduct and industrial and organizational psychology, organizational commitment is a man or woman's mental attachment to the organization. Organizational scientists have additionally evolved many nuanced definitions of organizational dedication, and several scales to degree them.
Regularly, they conclude they have to live with an organization because their advantages or destiny possibilities depend upon their current employment. as an example, a worker may live with an agency long-term to receive retirement advantages.
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New brands with small market shares tend to spend more on advertising and sales promotions than those with large market shares because _______.
New brands with a small market share tend to spend proportionately more for advertising than those with a large market share because of the reasons for higher advertising cost for smaller business is:
First, after a certain level of spending, diminishing returns make a place in the returns..
-Secondly sales or market share will decrease without mattering how much is spent on advertising and sales promotion. This is known as the advertising response function.
-Thirdly, new brands always tend to require higher spending to maintain a fixed minimum level of exposure to affect the purchase habits of the customers measurably.
New brands always require higher spending to reach that minimum level of exposure needed to affect purchase habits of the consumers.
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John is a sales associate who has complaints against him for making false statements about property and for giving advice about the purchase contract. This is the third time these same violations have been investigated. If John is found guilty of violating these two practices at the formal hearing, the maximum fine John can face is:
If John is found guilty of violating these two practices as regards the contract at the formal hearing, the maximum fine John can face is $10,000.
What is a contract and what is the fine for violation the agreement?A contract serves as the agreement between two or more parties, in this case of violation of the agreement terms, there is usually as fine.
Therefore, If John is found guilty of violating these two practices as regards the contract at the formal hearing, the maximum fine John can face is $10,000.
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Which pricing tactic should most likely be used when marketing organization are targeted quality-conscious consumers?
A targeted pricing tactic should most likely be used when marketing organizations are targeting quality-conscious consumers.
Marketing is an activity, institution, and process for creating, communicating, delivering, and exchanging offers of value to customers, clients, partners, and society as a whole.
Marketing informs many people about a particular product. Sales increase when people get enough information about your product. Marketing is very helpful for many companies to create revenue opportunities. This is true when the corporate sector uses different marketing strategies to increase corporate profits.
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approach is when an organization accepts the environmental forces as uncontrollable, and a(n) _______ approach is when an organization tries to influence or shape the environmental forces.
Answer: Reactive
Explanation:
An approach is when an organization accepts the environmental forces as uncontrollable, and a reactive approach is when an organization tries to influence or shape the environmental forces.
What is a reactive business strategy?Reactive business strategies are designed to quickly and effectively implement strategic plans for long-term success while responding to unanticipated changes or events. The reactive strategy only considers changing a course in the event of a crisis and is concentrated on maintaining control over current policies.
Without proper plans for how, what, when, and whom to report issues, the reactive approach only addresses problems as they arise or are encountered. A reactive approach is not a sufficient plan, and it is best avoided as a strategy.
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What notice must be given to purchasers by the seller (or agent) informing them that county assessors revalue real property at the time the ownership of the property changes?
Notice of Supplemental Property Tax Bill must be giv
The county has the right to go back and correct theen to purchasers by the seller (or agent) informing them that county assessors revalue real property at the time the ownership of the property changes.
The county has the right to go back and correct the tax account once the exemption has been removed. When they do this, a bill for additional taxes is issued. The unaware buyer who is now liable for the tax payment will often receive this supplemental tax bill.
A supplementary tax bill known as a negative supplemental tax bill represents an assessment that is lower than the previous assessed value, a senior citizen's transfer of Proposition 13 values, or some other downward assessment. You will also get a refund check if your supplemental tax bill is negative.
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Ani contributes pre-tax dollars to an account managed by her employer for her health care. If she does not spend all of her money by the end of the year, she may forfeit it. What kind of plan does he have
He can plan about FSA (Flexible Spending Account).
What is Flexible Spending Account?Consider opening a flexible spending account (FSA) if you want to reduce the cost of your medical costs. With an FSA, people can use pre-tax money to pay for a variety of costs that their health or dental insurance doesn't cover, such as co-pays and coinsurance as well as specific health care requirements like prescription and some over-the-counter medications, feminine hygiene products, contact lenses, and glasses.
FSAs are capped at $2,850 annually per employer.
If you're married, your partner may contribute up to $2,850 to an FSA through their job as well. However, you cannot use FSA funds to pay for insurance premiums; only deductibles and copayments are eligible.
Both over-the-counter drugs with a prescription and prescription meds for prescription use are covered by FSA money. Without a prescription, insulin reimbursements are accepted.
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Management states that they will tolerate one stockout every year for a specific item. If 10 orders are placed for the item each year the service level desired is:
If 10 orders are placed for the item each year the service level desired is 95%.
What is a stockout in business?Stockouts are what manifest while you run out of inventory of a specific object. An out-of-stock can appear everywhere within the supply chain, however, it affects stores' cabinets and income the maximum while it takes place because the customer is set to buy.
Stockouts generally discuss a product being unavailable for purchase at retail, as opposed to somewhere else within the delivery chain. They're maximum obvious in the fast-shifting patron items sector. The opposite of a stockout might be an overstock, wherein case there is a surplus of inventory.
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Marcus is planning an educational event and has decided to place an advertisement in the local paper. What must the advertisement include
The advertisement should include a statement that makes it clear that the event is for educational purposes only.
What is advertisement?It should be noted that advertisement simply means the promotion of a product or service.
In this case, the advertisement should include a statement that makes it clear that the event is for educational purposes only.
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Assuming that there is one-half pound of resin per foot of the finished product, determine the resin materials cost per foot of finished product for June. $0.53 $0.60 $0.54 None of these choices are correct
The resin materials cost per foot of finished product for June $0.53.
Given the data in the question;
May June July
Resin pounds input
into the process 470,000 700,000 650,000
Price per pound X$1.50 X$1.50 X$1.50
Plastic material costs $493,000 $640,000 $677,000
Conversion costs $80,000 $120,000 $115,000
Conduit output from
the process (feet) 800,000 1,200,000 1,130,000
Assuming that there is one-half pound of resin per foot of the finished product, determine the resin materials cost per foot of finished product for June.
Given:
Materials cost for June = $640,000
Number of Feet produced as output in June = 1,200,000
So, Formula of Material Cost per foot of finished product
Material Cost per foot of finished product = Material Cost/ Number of feet produced in June
= $640,000 / 1,200,000
= $0.5333 = $0.53
Therefore, the resin materials cost per foot of finished product for June is $0.53
Hence, the correct option is A.
Your question is incomplete, but most probably your full question was:
Rambo-Conduit Corporation manufactures plastic conduit that is used in the cable industry. A conduit is a tube that encircles and protects the underground cable. In the process of making the plastic conduit, called extrusion, the melted plastic (resin) is pressed through a die to form a tube. Scrap is produced in this process. Information from the cost of production reports for three months is as follows, assuming that inventory remains constant:
May June July
Resin pounds input into the process 470,000 700000 650,000
Price per pound x81.50 x81.50 x81.50
Plastic material costs 493,000 6,40,000 6,77,000
Conversion costs 80,000 120,000 115000
Conduit output 800,000 1200,000 1130,000
from the process (feet)
Assuming that there is one-half pound of resin per foot of the finished product, determine the resin materials cost per foot of finished product for June.
a. $0.53
b. $0.60
c. $0.54
d. None of these choices are correct.
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waterway company purchased a computer system for $74,600 on january 1, 2019. it was depreciated based on a 7-year life and an $18,600 salvage value. on january 1, 2021, waterway revised these estimates to a total useful life of 4 years and a salvage value of $9,100. waterway uses straight-line depreciation.
Revised annual depreciation = $24,750.
The organization can calculate the revised depreciation by way of figuring out the last depreciable fee with the formulation of deducting the accrued depreciation and salvage price on the revision date from the unique value of the constant asset.
Depreciation fee: if the charge of cashflows (advantages) from the asset has improved or decreased, the entity might also regulate the depreciation price to be in shape. Residual cost of asset: the cost entity is looking forward to getting better on the quit of useful existence by means of scrapping or recycling the asset can be exclusive than anticipated.
If there may be a big alternate in an asset's predicted salvage cost and/or the asset's estimated beneficial life, the exchange in the estimate will result in a new quantity of depreciation price within the cutting-edge accounting yr and in the final years of the asset's beneficial life.
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Sally is responsible for allocating the resources given to the team by the organization, including pay raises. What is she?
Answer:
Sally is the Human resource manager .
Explanation:
A human resource manager is responsible for the entire operations relating to human resource.
Human resource is the team that does the operations in an organization , in other words the employees .
The manager is responsible for all operations including hiring , on boarding and allocation of resources to the employees including delegation of duties .So for this case sally is responsible for all this responsibilities in her institution .
She can also be the assistant to the human resource .So many terminologies are used this days to refer to the person in charge of these , which include ; senior HR , JUNIOR HR , HR specialist and many more .
When accounting for defined benefit pensions, the net pension liability for employees of governmental activities is:
When accounting for defined benefit pensions, the net pension liability for employees of governmental activities is: Reported in the government-wide statements.
Where is Net Pension Liability ?The net pension liability is the amount by which the liability of the pension increases the total pension assets. This increases the troubles of the people who are leading a retired life. The lower the rate of interest, more are the liabilities on the retired person's life.
The government wide statement of net position is a statement showing the financial position of governmental entity and its discretely presented component units. It shows the government balance or left over after all financial obligations and other liabilities are met. Its difference between government assets plus resource outflows and liabilities indicating how much money the government has at that point.
The net pension liabilities is part of the liabilities indicated in the government wide statement of net position.
Therefore , we can conclude that the correct option is (A) Reported in the government-wide statements.
Your question is incomplete, but most probably your full question was:
When accounting for defined benefit pensions, the net pension liability for employees of governmental activities is:
A) Reported in the government-wide statements.
B) Reported in the governmental fund-basis statements.
C) Both A and B.
D) Neither A nor B.
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Todd Smith works at a retail store selling sports equipment. His daily tasks include opening the store, creating the work schedules, processing payroll, overseeing sales and inventory, and training employees. At what level of the organizational pyramid would you categorize Todd
Todd is at the managerial level of the organizational pyramid.
What is the organizational Pyramid?A well-liked form of organizational leadership in business is the pyramid structure. Because there are a lot fewer leaders than employees, an organizational chart that lists everyone on it naturally has a pyramid shape. Executives, managers, and personnel make the three main tiers of a pyramid organizational structure. The executive level is at the top of a pyramid organizational structure, which has declining levels from middle management to the lower levels staff of the organization. Each upper level of the structure is supposed to be supported by the pyramid's lower levels in order for it to work. This is a conventional organizational structure system that is frequently associated with bureaucracy.
What are the roles assigned to the three levels of the organizational pyramid?The fundamental idea behind a pyramid organizational structure is that lower levels of the company obey orders from higher up. In essence, the executives are in charge of all significant business operations. This covers the general vision, strategy, and operations. Managers typically work directly for executives and are in charge of overseeing certain divisions or goods. Staff assists managers by carrying out duties that carry out orders from the executive level.
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Sponsoring rock concerts or being at various events to promote products is known as ______.
Answer: sponsoring
Explanation:
Medical care inflation is likely to be easily overstated (if you look simply at the increase in the cost of a hospital stay) because that calculation ignores
Medical care inflation is likely to be easily overstated because that calculation ignores quality increases .
In economics, inflation is a common rise in the prices of goods and services in the economy. As general price levels rise, each currency unit buys fewer goods and services. As a result, inflation responds to a decline in the purchasing power of money. The opposite of inflation is deflation, which is a sustained decline in the general price level of goods and services. The usual measure of inflation is the inflation rate.
This is the annual rate of change of a typical price index. The Consumer Price Index (CPI) is often used for this purpose because prices do not all rise at the same rate. The Employment Cost Index (EPI) is also used for US wages.
Very high inflation and hyperinflation-which have a serious devastating impact on the real economy can be caused by the sustained overgrowth of the money supply.
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One of the ways in which monopolistic competitors differ from perfect competitors is that?
Under finra rules, the maximum sales charge that may be imposed on a mutual fund purchase is?
Under finra rules, the maximum sales charge that may be imposed on a mutual fund purchase is 8.5% of the Public Offering Price.
What is meant by FINRA rules?This is the term that is used to refer to the rules of FINRA. This body is a non government group in the United States. They help by enforcing the laws that have to do with the brokers in the country and all of the broker deals that are undergone by the b. The goals that they have in the country is the safeguarding of the public from all forms of frauds and bad practices.
Hence we can conclude that Under FINRA rules, the maximum sales charge that may be imposed on a mutual fund purchase is 8.5% of the Public Offering Price.
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The Small Business Administration defines a small business as a firm that Multiple Choice has annual receipts of more than a specified amount depending upon the industry. is dominant in its industry, but small in the number of workers it employs. is independently owned but not dominant in its industry. has fewer than 100 partners.
The Small Business Administration defines a small business as a firm that is independently owned but not dominant in its industry
What is Small Business Administration?The Small Business Administration (SBA) is a U.S. government organization that supports the nation's small companies in order to strengthen and advance the economy. Since its inception in 1953, the SBA has focused mostly on providing advice to those who seek to launch and expand their own businesses.On its website, it offers a number of tools to help new and seasoned small business owners.The agency's administrator, deputy administrator, chief counsel for advocacy, and inspector general are all appointed by the Senate and serve as its leaders. Every state has an SBA office at least.The organization was started in 1953. One of the SBA's most noticeable components is its loan guarantee program.Know more about Small Business Administration https://brainly.com/question/18521469
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I hope you are trying to ask the question at the bottom:
QuestionThe Small Business Administration defines a small business as a firm that
A. has annual receipts of more than a specified amount depending upon the industry.
B. is dominant in its industry, but small in the number of workers it employs.
C. is independently owned but not dominant in its industry.
D. has fewer than 100 partners.
Help please
Is political freedom or economic freedom more important in determining economic growth?
A.
Political freedom is more important, which can then lead to economic freedom.
B.
Both political freedom and economic freedom are equally important in determining economic growth.
C.
Neither political freedom nor economic freedom is very important in determining economic growth.
D.
Economic freedom is more important, which can then lead to political freedom.
The correct alternative is letter A. Political freedom is more important, which can then lead to economic freedom.
How does political freedom lead to economic freedom?Political freedom is a system that converges with democratic ideals, that is, greater freedom of social life and private property, which generates less state intervention in the economy, generating incentives for entrepreneurship and economic freedom.
Therefore, the greater the political freedom, the greater the economic freedom, which directly influences a country's economic growth rates.
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a. The equality of MR and MC is essential for profit maximization in all market structures because if
The equality of MR and MC is essential for profit maximization in all market structures because if MR and MC are equal, any other output level will result in reduced profits.
What is profit maximization?This is when a firm or an organization is able to make profit from its produced. Profit maximization is the traditional approach and the primary objective of financial management.
When profit is maximized there is a high revenue which can be used for business expansion. Profit maximization is the core goal of every business that can be cons. It implies that every decision relating to business is evaluated in the light of profit.
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One disadvantage of discretionary fiscal policy is that it can return the economy to its potential level of output but at the cost of increasing the price level.
"One disadvantage of discretionary fiscal policy is that it can return the economy to its potential level of output but at the cost of increasing the price level." This statement is TRUE.
The main limitations of discretionary fiscal policy are: (1) Information lag: Governments must have the relevant and reliable data they need to change taxes and government spending. Collecting, classifying, aggregating, and analyzing data takes a long time.
Trade-offs – Trade-offs can occur when a government adopts a combination of expansionary and contractionary fiscal policies. When a country wants to increase spending and raise more money to fuel economic growth, it can issue bonds to its citizens.
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How monthly bank cash reconciliation, an internal control practice, could be useful in identifying cash embezzlement?
Bank cash reconciliation, an internal control practice, could be useful in identifying cash embezzlement as because in order to prevent and detect fraud, bank reconciliations are a crucial internal control tool.
What is Bank cash reconciliation?A bank reconciliation statement compares an entity's bank account to its financial records and describes banking and commercial activity. Statements of bank reconciliation attest to the processing of payments and the depositing of cash earnings into a bank account.
Some characteristics of bank cash reconciliation are-
By explaining the discrepancies between the cash balances in the accounting record and the bank balance position according to the bank statement, they also assist in identifying accounting and banking problems.The likelihood of errors in the data used to produce accounts is decreased by the bank reconciliation process, which makes sure that all transactions that have been recorded on the bank statements have been examined and verified.By confirming that all payments and transactions that have passed through the bank account have likewise been noted in the accounting records, bank statements also serve to assure completeness. Any variations are noted and explained.All reconciling discrepancies must be noted, and any journal entries required to correct them must be recorded no later than 90 days after the reconciliation has been completed.
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A company issues its equity securities to purchase land. the common stock is not publicly traded. the best indicator of fair value is the:_______
A company issues its equity securities to purchase land. the common stock is not publicly traded. the best indicator of fair value is the appraised value of the land.
What are securities?These are financial instruments such as stocks, shares and bonds that can be traded.
In other words, securities are negotiable financial instruments issued by a company or government that give ownership rights or rights to buy and sell.
The classification of securities are:
1. Equity shares- referring to the common stock or shares.
2. Debt- referring to the bond, debentures and banknotes.
3. Derivatives- referring to options, futures, swaps and forwards.
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