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Mice21 [21]
2 years ago
9

John’s bank statement shows a closing balance for a given month as $2,200 and his personal account register shows a closing bala

nce for the same month as $2,050. John investigated his accounts to identify the following discrepancies: Bank charges of $200 were charged. There were checks of $200 that were not yet presented for payment. Deposits not yet credited totaled $300. $450 interest was credit to John’s account. By how much is John’s bank reconciled?
Business
2 answers:
Andreyy892 years ago
4 0
Bank reconciliation refers to looking at your bank statement and your personal register and making sure they match up with no discrepancies. In this case, there were discrepancies, $150 worth so John had to look and see what was missing and making sure they both equaled the same amount. From the numbers given, John's bank account was reconciled $150. 
spin [16.1K]2 years ago
4 0

2050+200=2250

2250+200=2450

2450+300=2750

2750-450=2,300

John's Bank is reconciled at $2,300

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When comparing the three broad types of economic systems, it can be said that for a pure market economy to function efficiently,
Alexeev081 [22]

Answer:

These statements are correct:

In a command economy, state-owned enterprises have little incentive to control costs and be efficient.

In a command economy, the absence of competition means that state-owned enterprises do not have incentive to be efficient. This is because In command economies, these companies are most of the time monopolies who have a safer market to sell their products, because consumers lack choice.

Mixed economies were once uncommon throughout much of the world, although they are becoming more popular now.

Most economies now are mixed: in part free market economies, in part command economies. For example, in most developed countries, most sectors are left for private companies to compete, but a few areas are still directly controlled by the government, either fully or partially (for example: the healthcare sector, and education).

3 0
2 years ago
The ways in which organizations use the system to provide information for day-to-day decisions about salary, benefits, and recog
just olya [345]

Answer:

Administrative.

Explanation:

The ways in which organizations use the system to provide information for day-to-day decisions about salary, benefits, and recognition programs falls under the <u>Administrative</u> purpose of a performance management system.

Performance management system: It is a system used to evaluate the performance of the employee and rewarding them on the basis of their performance. It also helps in defining the required role of an employee in a given time, which creates transparency in the evaluation process. It serves as a basis for improving employees' knowledge and skills, which motivate employee for better performance.

There are three purposes of performance management:

  • Strategic purpose.
  • Administrative purpose.
  • Developmental purpose.

Strategic purpose: It is defined as how effective performance help the organization to grow.

Administrative purpose: It is defined as how organizations use the system to provide information for day-to-day decisions about salary, benefits, and recognition programs.

Developmental purpose: It is defined as how system helps organization in developing employee´s skill and knowledge.

3 0
2 years ago
The need for more versatile reporting than what was available in 1980s era ERP systems led to the development of what type of sy
Kipish [7]

Answer:

Executive information systems

Explanation:

Executive information systems - The reason behind establishing this system that allows the user to access internal and external data for completing the goal of the organization. it helps in decision making process by allowing access to the internal data. it includes quantitative analyses, statistical tools,etc.

8 0
2 years ago
Babette is a manager at a fast-food outlet. Recently, her employees have been coming in late, and she wants to change their beha
bagirrra123 [75]

Answer:

unfreezing

Explanation:

Based on the scenario being described within the question it can be said that the employees are in the unfreezing part of the change process. This part of the change process focuses on preparing the individual employees to realize that the change is absolutely necessary in order to improve their performance and the companies overall efficiency.

8 0
2 years ago
Albert transfers land (basis of $140,000 and fair market value of $320,000) to Gold Corporation for 80% of its stock and a note
-Dominant- [34]

Answer:

1. Albert has a recognized gain on the transfer of $140,000.

Explanation:

Option D is wrong because Gold corporation has a basis in the land of Albert's recognized gain plus the cost of the value of land's Albert. Therefore, $140,000 + $140,000 = $280,000.

Option A is correct because, under the recognized gain clause 357(C), the mortgage on the land exceeds the cost of value of the land by $(200,000 - $140,000) = $60,000. Moreover, Alberta has received $80,000 additional from notes payable. So, total recognized gain on the transfer = $80,000 + $60,000 = $140,000.

5 0
2 years ago
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