What does it mean to reconcile a checking account?

Answers

Answer 1
Reconciling your account basically means comparing two sets of records (yours and the bank's)
Answer 2
To reconcile a bank statement, the account balance as reported by the bank is compared to the general ledger of a business. ... Similarly, the bank too keeps an account for every customer. In the bank books, the deposits are recorded on the credit side while the withdrawals are recorded on the debit side.

Related Questions

What category of the Thomas-Kilmann Conflict Mode Instrument involves giving in to the customer at the expense of the organization, even if the situation does not truly call for it?
collaboration

accommodation

compromise

competition

Answers

Answer:

collaboration

Explanation:

The Thomas-Kilmann Instrument is designed to measure a person's behavior in conflict situations. “Conflict situations” are those in which the concerns of two people appear to be incompatible

plz mark as brainliest

Answer:

collaboration.

Explanation:

The word collaboration is so overused and overhyped it’s becoming meaningless.  Even with the launch of intranet software, video technology, and other collaborative tools, some people still suffer from, and complain about, poor collaboration.This forced us to contemplate the true nature of collaboration and explore its many dimensions. The journey resulted in a simple, useful definition for collaboration, and arriving on an important conclusion: Collaboration is a deeply human activity, and no tool on its own can solve the problem of poor collaboration.This conclusion may seem obvious , but many people believe that “if you build it, they will come”. It took a lot of failure and organizational development theory to discover how organizational culture and managerial practices can either nurture or hinder good collaboration

A(n)_____a0 is a misunderstanding; a mistaken thought or idea.

Answers

Answer: misconception

Explanation:

A misconception is simply a misunderstanding, a mistaken thought or idea. Misconception is an opinion or a view by s person which is incorrect based on the faulty thinking of the person.

For example, Jane will finish high school the following year and therefore, won't need to further her education. This is an example of misconception.

In a free market the________ tells producers how much to produce.

Answers

Answer:consumers

Explanation:

In a free-market system, consumers and producers have sovereignties that drive the market and decisions made to ensure that supply and demand

What term is used to describe an experiment run by an ad agency where the ad agency will recruit consumers to come watch a tv series and commercials? The consumer will then answer questions abiut the ads and the agency uses respinses to determine how well the ads will do in the real world

Answers

Answer:

Copy testing.

Explanation:

Copy testing is a term used to describe an experiment run by an ad agency, where the ad agency will recruit consumers to come watch a tv series and commercials. Sequel to this, the consumer will then answer questions about the ads and the agency uses responses to determine how well the ads will do in the real world.

Hence, copy testing refers to the assessment of the efficacy or effectiveness of an advertisement based on set of consumer behavior, responses or feedback before it is then officially aired or transmitted on the predetermined advertising channel.

How can specialization benefit both producers and consumers in a free market economy?

Answers

Specialization benefits buyers and sellers. Focusing on a limited number of related products or services allows them to use capital and labor more efficiently.So , buyers get better products at lower price and sellers sell more products and they manufacture more products at lower costs.

Which of the following statements best describes the difference between sales tax and property tax?
Sales tax is applied to items as they are purchased while property tax is applied to items already
owned.
b. Sales tax is applied repeatedly while property tax is paid only once for as long as you own the
item.
C. Sales tax can be applied to a new speed boat while property tax cannot.
d. Sales tax is strictly meant for food and consumables while property tax is meant for non-food
items.

Answers

Answer:

a. Sales tax is applied to item as they are purchased while property tax is applied to items already owned

Explanation:

Sales tax is applied to items as they are purchased while property tax is applied to items already owned statement best describes the difference between sales tax and property tax. The correct option is A.

What type of tax are sales?

Both sales tax and VAT are indirect taxes, which are collected by the seller and paid or remitted to the government on the buyer's behalf.

Sales tax is a one-time fee collected at the point of sale. Personal property tax is an annual tax levied on the current value of the property. State governments levy sales taxes on retail purchases of non-exempt goods or services. A value-added tax (VAT) is a type of consumption tax that is levied on goods at each stage of the manufacturing process until they are sold to consumers.

Thus, the ideal selection is option A.

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Suppose that consumers purchase fish and computer chips. In 2010, one pound of fish costs $1, a computer chip costs $1, and the typical consumer buys 10 pounds of fish and 10 computer chips. In 2011, one pound of fish costs $2, a computer chip costs $0.50, and the typical consumer buys 5 pounds of fish and 20 computer chips. In 2012, one pound of fish costs $2.10, a computer chip costs $0.90, and the typical consumer buys 12 pounds of fish and 20 computer chips. Using 2011 as the base year, the inflation rate between 2012 and 2011 is _____ percent.

Answers

Answer:

42.5%

Explanation:

The computation of the inflation rate between 2012 and 2011 is shown below:

But before that we need to do the following calculations

Cost of basket for the year 2011 is

= 5 × 2 + 20 × 0.5

= 10 + 10

= 20

And the base year price index i.e. CPI is 100

Now

Cost of same basket in year 2012 is

= 5 × 2.10 + 20 × 0.90

= 10.5 + 18

= 28.5

Now  

CPI in 2012 is

= ($28.5 ÷ $20) × 100

= 142.5

So,

Inflation rate is

= (142.5 ÷ 100) - 1

= 1.425 - 1

= 0.425

= 42.5%

The process by which prospective buyers "internalize" or consider the information presented by the salesperson is referred to as a black box because:A. sales actions lead to buyer reactions.B. salespeople cannot read a buyer's mind.C. psychological needs outweigh social wants.D. for every stimulus, there must be a response.E. salespeople seem untrustworthy to most buyers.

Answers

Answer:

B. salespeople cannot read a buyer's mind

Explanation:

Since in the question it is mentioned that the prospective buyer or the buyer who wants to purchased considerd that information which is presented by the seller that called as a black box as the sales people is not able to read the purchaser mind as they are also a human and they dont know what actually the buyer wants until the buyer didnt tell them about their need

Therefore, the correct option is B.

Provide three examples of how busineses respond to the corona pandemic as part of social responsibility

Answers

Answer:

We have to avoid our citizens for doing some wrong work

Answer:

SCARED ,PANICED ,AND LOST HOPE

BUT SOME WERE STRONG  IT JUST DEPENDS.

Explanation:

A large customer owing million for products it already received declared​ bankruptcy, leaving no possibility that Global would ever receive payment. ​(Select the best choice​ below.) A. Accounts receivable would decrease by ​million, and the book value of equity would increase by the same amount. B. Accounts receivable would increase by ​million, as would the book value of equity. C. Accounts receivable would increase by ​million, and the book value of equity would decrease by the same amount. D. Accounts receivable would decrease by ​million, as would the book value of equity.

Answers

Answer:

D. Accounts receivable would decrease by ​million, as would the book value of equity.

Explanation:

Accounts receivable is a record of payments that a business has not received from its customers for goods and services given.

When payment is eventually made the revenue account is credited and accounts receivable reduces.

If however there is no possibility of receiving payment, the amount is moved from accounts receivable to allowance for doubtful accounts.

This is recognised as a loss.

So accounts receivable would decrease by ​million, as would the book value of equity.

What is the definition of creative command

Answers

Answer:

Explanation:

a set of various licenses that allow people to share their copyrighted work to be copied, edited, built upon

Select all of the true statements regarding Gary Hamel's thoughts on management:
1. management innovation is essential to future organizational success
2. we must look at management as a process, and then make improvements and innovation ongoing and systematic
3. much of management theory is dated and doesn't fit the current realities of organizational life

Answers

Answer: • management innovation is essential to future organizational success

• we must look at management as a process, and then make improvements and innovation ongoing and systematic

• much of management theory is dated and doesn't fit the current realities of organizational life

Explanation:

The true statements regarding Gary Hamel's thoughts on management are:

1. management innovation is essential to future organizational success

2. we must look at management as a process, and then make improvements and innovation ongoing and systematic

3. much of management theory is dated and doesn't fit the current realities of organizational life

According to Gary Hamel, yesterday's best practices of organizations can not be creative or adaptable for the business challenges tomorrow.

What is the role of the franchiser when a franchise is purchased?

Answers

Answer:

The franchisor owns the brand and the operating system that they license to their franchisees. ... The franchisor grants the franchisee the right to operate the business under the franchise system's trademarks and service marks and enforces the brand standards of the system.

Answer:

The franchisor grants the franchisee the right to operate the business under the franchise system's trademarks and service marks and enforces the brand standards of the system.

Hellllllo mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo

Answers

The answer to your question would be : Hello ! :)

After a long thought process regarding this question, I concluded that this would be the only acceptable response.

Dota inc stock has a 25% chance of producing a 30% return, a 50% chance of producing a 12% return and a 25% chance producing a 18%. What is the firm expected rate return?

Answers

The question is incomplete. Here is the complete question.

Dota inc stock has a 25% chance of producing a 30% return, a 50% chance of producing a 12% return and a 25% chance producing a -18%. What is the firm expected rate return?

Answer:

9%

Explanation:

Dora incorporation stock has a 25% chance of producing a 30% return

50% chance of producing a 12% return

25% chance of producing a -18% return

Therefore the firm's expected rate of return can be calculated as follows

= 25/100(30) + 50/100(12) + 25/100(-18)

= 0.25(30) + 0.50(12) + 0.25(-18)

= 7.5% + 6% - 4.5%

= 9%

Hence the firm's expected rate of return is 9%

Someone taking a course in Web design is affecting what factor of production?

A. physical capital
B. entrepreneurship
C. human capital
D. land​

Answers

Answer:

Someone taking a course in Web design is affecting human capital.

Some taking course work in web designing are affected by the factors of production such as human capital.

Human capital is a concept that is used by economics to give personal tributes that are useful in the production process. They include skills and knowledge and other abilities.

Hence the option C is correct.

Learn more about the web design is affecting what factor of production

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Total Debits do not always have to equal total credits. There are a handful of exceptions.
A. True
B. False

Answers

Answer:

False

Explanation:

Total debt in finance is the summation of the organization long term and short term debts. the total debt can be calculated theoretically as summation of current liabilities and total for long-term liabilities

Total credit is the summation of loans that organization can borrow.

Therefore, Total Debits do not always have to equal total credits. There are a handful of exceptions.

What are some of the issues that arise in evaluating and maintaining control over foreign operations? Multiple Choice

A. Deciding whether to evaluate performance on the basis of foreign currency or parent company reporting currency Management of new company is difficult

B. Deciding whether to factor out of the performance measure items over which the foreign operation’s manager has no control

C. Deciding whether to evaluate performance on the basis of foreign currency or parent company reporting currency and

D. whether to factor out of the performance measure items over which the foreign operation’s manager has no control

Answers

Answer:

B. Deciding whether to factor out of the performance measure items over which the foreign operation’s manager has no control

C. Deciding whether to evaluate performance on the basis of foreign currency or parent company reporting currency and

Explanation:

Foreign operations refer to an entity that could be in terms of an associate, subsidiary, jointly controlled in which the activities are based in a country irrespective of the entity i.e. reported

Therefore in the given case, the issued can be with the performance measures that have no control  and it should depend upon the parent company in which the currency is reported

Hence, the correct option is B and C

outlines five roles of the safety and health representatives by securing the work environment

Answers

Answer:

employee training; protection for workers from potential hazards; and communication about hazardous accidents, should they occur.

Explanation:

Now that you have selected the cultural environment, you must predict what the effects of these changes on gerlach's microenvironment might be. select the outcome you see as most likely.​ select an option from the choices below and click submit.

Answers

Answer: The suppliers might raise the costs of paper in the future.

Explanation:

When production is being seeing as being expensive is die to the fact that items which composites of them are expensively gotten from the suppliers. When there is an increase by the supplies on the individual items used, it rubs off on the production aspect and makes theirs also expensive to produce. Also, suppliers raise their cost too when they buy the materials at an expensive or high cost. Whatever they are being sold to affects the cost that they supply to the end user. Production cost affects supply cost.

To make a skirt out of fabric, Connie needs 1 3/4 yards of fabric. If Connie bought 10 1/2 yards of fabric at a sale, how many skirts could she make? Show your work. To make a skirt out of fabric, Connie needs 1 3/4 yards of fabric. If Connie bought 10 1/2 yards of fabric at a sale, how many skirts could she make? Show your work.

Answers

Answer:

6 skirts

Explanation:

Given

[tex]1\ Skirt = 1\frac{3}{4}\ fabric[/tex]

Required

Number of skirts for [tex]10\frac{1}{2}\ fabric[/tex]

Represent the required number of skirts by x

To solve for this, we simply divide [tex]10\frac{1}{2}[/tex] by [tex]1\frac{3}{4}[/tex]

[tex]x = 10\frac{1}{2} / 1\frac{3}{4}[/tex]

Convert to mixed numbers

[tex]x = \frac{21}{2} / \frac{7}{4}[/tex]

Rewrite as multiplication

[tex]x = \frac{21}{2} * \frac{4}{7}[/tex]

[tex]x = \frac{21 * 4}{2 * 7}[/tex]

[tex]x = \frac{84}{14}[/tex]

[tex]x = 6[/tex]

Hence, she could make 6 skirts

Mary Parker Follett felt that managers should act as ______ rather than dictators.

Answers

Facilitators

Best of luck in your studies! ☺️

On january 2, 20x3, kean company purchased a 30 percent interest in pod company for $250,000. Pod reported net income of $100,000 for 20x3 and declared and paid a dividend of $10,000. Kean accounts for this investment using the equity method. In its december 31, 20x3, balance sheet, what amount should kean report as its investment in pod?

Answers

Answer:$277,000 should be reported by Kean.

Explanation:

Amount of investment Kean should report = Original cost of investment + share of net income of investors -share of investors dividend.

But ,

share of net income of investors = 30% of net income reported by Pod

= 30 % x $100,000= $30,000

share of investors dividend=  30% of dividend declared by Pod company

= 30 % x 10,000 = $3000

Therefore,

Amount of investment Kean should report = $250,000 + $30,000 - $3,000

=$277,000

Which of the following agencies was not embroiled in a tedious and often unfriendly struggle to be the first to prosecute key parties in the Livent fraud?
1. Federal Trade Commission
2. SEC
3. Ontario Securities Commission
4. Royal Canadian Mounted Police
5. U.S. Department of Justice

Answers

Answer:

1. Federal Trade Commission

Explanation:

The Livent Inc co-founders found the guilts based on the counts out of which one is of forgery that is occured on a day to day business dealings link with the defunct company.  

Here the following agencies were included i.e. Security exchange commission(SEC), OSC, U.S justice department, and RCMP

But does not involved the federal trade commission

Therefore the same is to be considered

hence, the correct option is 1.

hurry!! #5
Which of the following is an important part of record handling?

randomizing

correlating

privatizing

archiving

Answers

Archiving is an important part of record keeping

Property rights protect businesses by:
A. setting a minimum price on all goods in an industry.
B. ensuring that the government cannot regulate their actions.
C. providing them with emergency loans from the government.
D. preventing competitors from copying their products.

Answers

it’s D

because property rights are like copyrights that protect a business’ products, so it the work cannot be replicated

Preventing competitors from copying their products is the use of Property rights to protect businesses. In business, there is high number of chance to copy the designs and pattern of the goods and services.

Why is it important to protect property rights?

The primary goal of property rights, as well as their primary achievement, is to minimize destructive rivalry for control of economic resources. Property rights that are well-defined and well-protected replace violent rivalry with harmonious competition.

Thus, option D is correct.

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Select the correct answer.
Which function relates to maintaining inventory?
A.
accounting
B.
production
C.
finance
D.
human resource
Reset
Next

Answers

Answer:

human resources is the inventory

Which of these represents the proper transformation from data to decision according to the information value chain?
a. Data -->Information -->Knowledge -->Decision
b. Data -->Knowledge -->Information -->Decision
c. Data -->Business Event -->Information -->Decision
d. Data -->Analysis -->Information -->Decision

Answers

Answer:

a. Data -->Information -->Knowledge -->Decision

Explanation:

An information value chain can be defined as the process of converting a raw data into a useful information, by recognizing the value activities to be undertaken.

The proper transformation from data to decision according to the information value chain is Data -->Information -->Knowledge -->Decision.

This ultimately implies that, the raw data is first of all gathered or created, it is then processed to generate information(s), the generated information can then be applied to a plan or problem as a knowledge and lastly, the decision to use the knowledge or not.

Suppose the government requires beer drinkers to pay a $3 on each case of beer that they purchase. a. Illustrate the market for beer without the tax. Show the price the buyers pay, the price the sellers receive, and the quantity bought and sold without the tax. b. Now illustrate the market for beer with the per-case tax on consumers. Show the price paid by consumers, the price received by sellers, and the quantity bought and sold with the tax. c. Indicate where one can find the amount of producer surplus in the market with a tax. What about consumer surplus

Answers

Explanation:

a).In the following graph, [tex]$ D_0 \text{ and}\ S_0 $[/tex] are the pre tax demand the supply curve that intersects at the point A with price [tex]$P_0$[/tex] (the price paid by the buyers = price received by sellers) and the quantity [tex]$Q_0$[/tex]  (quantity bought = quantity sold)

b). The tax on the consumers will decrease the demand of the beer shifting the demand curve leftwards from the [tex]$ D_0 \text{ and}\ D_1 $[/tex]  intersecting point [tex]$S_0$[/tex] at point B. Price paid by the buyers is point [tex]$P_1$[/tex], price received by the producers is [tex]$P_2$[/tex]  and the tax per unit is [tex]$(P_1 - P_2)$[/tex] , which is equal to the vertical distance BC. Quantity bought and sold is lower at [tex]$Q_1$[/tex].

c). Producer surplus is the area between supply curve and the price received by the producers, which is equal to the area [tex]$P_2BE$[/tex]. And the consumer surplus may be the area between the price paid by the consumers and the demand curve, and is equal to the area [tex]$P_1CD$[/tex].

What are common traits of American business owners, according to the U.S census bureau?

Answers

Answer:

The answer is below

Explanation:

Common traits of American business owners, according to the U.S census bureau are the following:

1. Approximately sixty- four percent of business owners had obtained some college education prior to starting the business

2. Over 60 percent of business owners expended their personal capital or family capital at the initial stage

3. Over fifty percent of the business owners worked overtime, despite having employees

4. Nearly fifty percent of the businesses were home-based.

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