The process of bringing the book and the bank balance into agreement is called

Answers

Answer 1

Answer: Bank reconciliation statement

Answer 2

Answer:

Final answer:

The process of bringing the book and the bank balance into agreement is called reconciliation.

Bank Reconciliation is the process of matching the balances in a company's accounting records for a cash account to the corresponding information on a bank statement.

Explanation:

The process of bringing the book and the bank balance into agreement is called Bank Reconciliation. This process is used to match the cash balances on the bank's records to the company's records. It involves comparing your bank statement, which comes from the bank, with your own records of your checking account. Discrepancies can occur due to checks, deposits, and other transactions that have been recorded by the company but are not yet reflected on the bank statement and vice versa. This is a crucial procedure to ensure that a company's cash records are accurate.

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You and a friend have just started a small business. How could you use the Internet to make your business successful?

Answers

Answer:

You could use the internet to make ads for your business and you can also make a website for your business, and focus on customer service and you can make social media to share what you do.

You can advertise your business to inform people.

Summerdahl Resort’s common stock is currently trading at $36 a share. The stock is expected to pay a dividend of $3.00 a share at the end of the year D1 $3 00, and the dividend is expected to grow at a constant rate of 5% a year. What is its cost of common equity?

Answers

Answer:

The cost of common equity is 13.33%

Explanation:

current price (Po) = $36

dividend (D1) = $3

growth rate (g) = 5%

let the cost of common equity be r

Po = D1/(r - g)

$36 = $3/(r -0.05)

r = 3/36 +0.05

= 0.1333

Therefore, The cost of common equity is 13.33%

Johanna Taylor, a creative developer at Leo Technologies Inc., is developing a website for the company. To address the usability needs of website visitors, she ensures that visitors would be able to easily locate what they need on the website. She avoids flashy graphics and chooses a font with high readability. Joanna is most likely in the ________ stage of the SDLP.

Answers

Answer:

Design

Explanation:

The Design stage of Software Development Life Cycle is the crafting phase where a developer like Johanna Taylor in the scenario, would ensure that the features of the software meets the requirements and purpose of developing the software

Which of the following statements comparing debit cards to credit cards is true

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The true sentence about the debit cards is that they allow to draw funds directly from the bank account - that is, they provide money that is already in the account.

In comparison, credit cards take money from a credit, that is, a loan, which has the be re-paid.

Adams is selling his property to Katter for $94,000, and Katter is assuming an existing mortgage at 4-1/2% interest per annum with the unpaid balance of $9,200. Mortgage payments are due the first of each month and include interest up to but NOT including the day of payment. The last payment was made March 1, and settlement is to be March 26. Compute the interest proration that will be credited to the buyer using a 365-day year, and holding the buyer responsible for the day of closing.

Answers

Answer:

$69.53

Explanation:

loan's balance = $94,000

interest expense per year = $94,000 x 4.5% = $4,230

interest expense per day = $4,230 / 365 = $11.5890411

the seller is responsible for 25 days of interest = 25 x $11.5890411 = $289.73

the buyer is responsible for 6 days of interest = 6 x $11.5890411 = $69.53

Inflows or other enhancements of assets of an entity or settlements of its liabilities from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing operations. ___________

Answers

Answer:

REVENUES

Explanation:

Revenue, often referred to as sales, are the inflows or other enhancements of assets of an entity or settlements of its liabilities (Income) received from the entity's ongoing operations. Includes discounts and deductions for returned merchandise. It is the first income on a company's Income Statement from which all charges, costs, and expenses are subtracted to arrive at net income.

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