The total on the __________ should match the total on the bank deposit slip

Answers

Answer 1

Final answer:

The total on the cash receipts journal should match the total on the bank deposit slip, ensuring that numbers recorded in financial records align with the actual bank deposits for accurate accounting.

Explanation:

The total on the cash receipts journal should match the total on the bank deposit slip. When doing accounting or bookkeeping, it is important to ensure that the numbers recorded in your books align with the actual amounts being deposited in the bank. This step is part of reconciling your accounts, which is necessary for accurate financial reporting.

To reconcile, you would follow a process similar to this: sum up your columns for Exports, Imports, and Balance. The final balance number you arrive at is the current account balance. This should match the first number under Balance in your books. If these numbers do not match, you'll need to review your entries for any inaccuracies or discrepancies and correct them to ensure that your cash receipts journal reflects all transactions accurately.


Related Questions

How does the federal reserve keep the value of money fairly constant?

Answers

The value of money is mainly tied to the inflation rate prevalent at that time. The federal reserve's job is to prevent disinflation and maintain inflation at a moderate rate (2-3%). They are able to accomplish this through monetary policies such as controlling the LIBOR rate which affects short term interest rates between banks, which in turn should affect short-term interest rates everywhere. They also accomplish this by buying and selling bonds in the open market to increase and decrease the money supply in order to spur the economy or slow down the economy.

Products whose demand rises when another product’s price increases are called

complementary goods.

substitute goods.

elastic goods.

clearance goods.

provides consumers with additional income
(select all that apply)

Answers

The correct option is SUBSTITUTE GOOD.
Substitute goods are goods which can be substituted for each other. If the price of one substitute good increase, the demand for the other substitute good will increase. For instance, for two goods A and B which are substitute, if the price of A increases, consumers will abandon A and start to buy more of B, whose price is lower, thus, the demand for good B will increase.

Answer:

The graph shows a demand curve.

A graph titled Demand Curve has Quantity Demanded on the x-axis, from 0 to 60 in increments of 10, and Price on the y-axis, from 0 to 20 dollars in increments of 2 dollars and 50 cents. A line with negative slope is on the graph.

What does the data shown in this graph represent?

A. a decrease in quantity demanded as prices decrease

B. an increase in price as quantity demanded decreases

C. a decrease in income as quantity demanded increases

D. an increase in quantity demanded as prices decrease

Explanation: OPTION D IS CORRECT

The higher the _____ that future earnings may not be achieved, the higher the return on investment investors demand.

Answers

If there is a higher risk on future earnings, then the return needs to be high to meet these risks. Safer stocks tend to have lower rates of return, but are more likely to meet their earnings goals. Stocks with these higher risks inherent will also tend to bring returns that far outstrip these safe investments.

The personality traits a manager seeks in a customer service role model defines his/her customer service _________. fill in the blank. site:

Answers

Final answer:

The personality traits a manager seeks in a customer service role model defines his/her customer service philosophy.

Explanation:

The personality traits a manager in an organisation seeks in a customer service role model define his/her specific customer service philosophy. When a manager is looking for a customer service role model, they are seeking someone who possesses specific personality traits that align with the organization's customer service standards.

For example, they may also look for traits such as excellent communication skills, empathy, efficiency, problem-solving abilities, and a customer-focused mindset. By defining the customer service philosophy through the desired traits, the manager can establish clear expectations and create a positive service culture within the particular organization.

The phase of the product life cycle in which healthy profits usually begin to appear is the _____ stage.

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The answer is the growth stage. The introduction stage, when a company is launching a new product is normally the most expensive for a company launching a new product. In that stage, expenses are high but market size and sales are low. The growth stage is were sales increase, and company profits grow as the economies of scale in production grow, allowing more investment in promotional activities that grows the market.

Final answer:

The growth stage is the phase in the product life cycle where healthy profits start to appear, characterized by rapid sales increases and effective cost management.

Explanation:

The phase of the product life cycle in which healthy profits usually begin to appear is the growth stage. During this stage, after the initial introduction phase, the product starts to gain more market acceptance, sales increase rapidly, and as a result, profits begin to rise assuming that marketing and production costs are managed effectively. Companies typically focus on enhancing product features, expanding distribution, and investing in marketing strategies to maximize the potential during the growth phase. It is crucial at this point to establish a strong market position and to prepare for the competition which often intensifies as the product gains visibility and market share.

1. Choose a well-known company that you know of, and answer the following questions about it:

a. Is this mainly a product-based or service-based business? (1.0 points)


b. What type of good or service is this company best known for? (1.0 points)


c. What makes the company different from its competitors? (1-3 sentences. 3.0 points)


d. Why do you think this company became successful? Describe at least one reason. (1-5 sentences. 2.0 points)

Answers

Answer:

1. Choose a well-known company that you know of, and answer the following questions about it: Tesla

a. Is this mainly a product-based or service-based business? (1.0 points)

Tesla is mainly a product a product-based business.

b. What type of good or service is this company best known for? (1.0 points)

Tesla is known for their all-electric cars.

c. What makes the company different from its competitors? (1-3 sentences. 3.0 points)

Tesla is known for their sleek, all-electric, electronic based car. Not many other companies have a screen as their dashboard. Tesla is constantly coming up with software updates to better the customer experience and safety in the car.

d. Why do you think this company became successful? Describe at least one reason. (1-5 sentences. 2.0 points)

Tesla has become successful because of their safety features. They have outperformed other cars in their safety features. Their new software updates have also led to many technological advancements in things like autopilot and even adding games to the car.

Answer:

what they said ^

Explanation:

Which degree is commonly earned by those interested in a career in business?
A. MSA
B. MBA
C. MFA
D. MS

Answers

The answer is letter b, MBA or also known as master of business administration—this is the program that the student would likely taken when they are interested in the career of business as this program is responsible of teaching their students in the area of business.

The MBA (Master of Business Administration) degree is commonly earned by those interested in a career in business.

MBA is a type of  master's degree that focuses on business skills (accounting, employee relations) and general management competencies . MBA serves to achieve further career and professional goals. A full-time MBA program typically lasts two years.


An employer has the right to monitor workers electronic communications if

Answers

he got the right because he was work as that kind of person in the job they higerd him to do that

_____ is the reward savers earn for deferring consumption. a. dividend b. wage c. interest d. profit

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In my opinion, the correct answer is C. interest. The more interest rates rise, the more savers are rewarded. When saving money in a bank, you will get an interest because you haven't spent the money, but have lent it to the bank; so, when you decide to take the money back, you will withdraw more than you had lent them.

Jack said, "i want to rule the world." what type of need is this?

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Jack is expressing NEED FOR POWER.
The need for power help to explain one's imperative to be in charge. There are two types of power, these are personal and social power. The need for power has also been defined as the desire for power either to control other people or to achieve higher goals. In the question given above, Jack is desiring power to control other people.

Huan is 20 months old, and his mother is in a hurry. she wants to put his shoes on, but huan rejects her efforts by squirming and declaring, "no! me!" it takes him five minutes, and his shoes end up on the wrong feet, but he proudly skips out to the car when he's done. huan is in erikson's _____ stage.

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Final answer:

Huan is in Erikson's autonomy vs. shame and doubt stage of development, which is characterized by toddlers' pursuit of independence and control over their environment.

Explanation:

Huan is in the stage of development where toddlers strive for autonomy versus feeling shame and doubt. This stage, according to Erikson's stages of psychosocial development, is known as the autonomy vs. shame and doubt stage, which is typically experienced by children between the ages of 1 and 3 years. Huan's insistence on putting his shoes on by himself and taking pride in his achievement afterward is indicative of his pursuit of independence and his developing sense of personal control over his environment, even though the outcome wasn't perfect.

Valuable skills and knowledge that employees possess is called

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Answer:  "intellectual capital" .
_________________________________________________

Taking steps to encourage customer loyalty is the focus of developing the macro strategy of _______ excellence. locational service customer operational product

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The answer in the space provided is the customer. The macro strategy of customer excellence is a strategy in which they focus more on the customer in which they will likely want to provide customer service in a more excellent way and to retain the loyalty of their customers.

Who may regulate a natural monopoly?
 Consumers Corporations Government Suppliers

Answers

Government

is the correct answer

The government may regulate a natural monopoly. As natural monopolies have significant control over an industry due to barriers to entry, governments often step in to ensure fair pricing, quality of service, and to prevent abuse of market power. Therefore, option C is correct.

A natural monopoly refers to a market situation where a single company or entity has a significant advantage in providing a particular good or service due to inherent characteristics of the industry.

Barriers to entry such as high infrastructure costs or economies of scale make it economically efficient to have a single dominant player. This monopoly power can potentially lead to abuse and harm consumers.

To mitigate this, regulation is implemented by the government to ensure fair competition, prevent price gouging, and maintain quality standards, thus safeguarding the interests of consumers and promoting a balanced market environment.

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To calculate uninsured costs, accidents are divided into four classes; class 1 accidents consist of

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Any unusual or unexpected event that results in injury.

Safety rule violations can cause hunting incidents. an example of a safety rule violation is:

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Final answer:

Neglecting to follow key hunting safety rules such as being absolutely sure of your target and what is beyond it, not wearing brightly colored hunting gear to ensure visibility, and irresponsibly storing loaded weapons are examples of violations that can result in hunting incidents.

Explanation:

One clear example of a safety rule violation that could result in a hunting incident is neglecting the rule often termed as 'Know your target and what's beyond'. This rule is imperative for hunter safety as it emphasizes the importance of being completely certain of what you're aiming at, as well as considering what or who could be unseen but in the line of fire beyond your target.

Another common safety rule violation is neglecting to wear a hunter orange or other bright colors. These colors help to make the hunter visible to others, therefore reducing the possibility of accidents.

A third safety violation could be loaded weapons carelessly left unattended or improperly stored. This could lead to unintentional discharges causing harm.


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Final answer:

Safety rule violations in hunting can include not following instructions for using equipment, neglecting to wear proper safety gear, or engaging in indiscriminate hunting. Disregarding these rules can cause accidents and harm local ecosystems. Rituals and respect for hunting rules are also essential for safety.

Explanation:

Safety rule violations indeed can cause hunting incidents. An example of a safety rule violation in hunting could be the failure to follow safety instructions or guidelines pertaining to the use of hunting equipment or adherence to certain behaviors. For instance, if a hunter doesn't correctly use hunting equipment like firearms or disregards safety precautions such as wearing reflective clothing, these could all result in accidents or other dangerous incidents during the hunt.

Some hunters might also engage in indiscriminate hunting, which is detrimental to local ecosystems and could disturb the balance of power between the hunter and the hunted. Maintaining respect for hunting rules and rituals, such as those observed by the Yukaghir elk and reindeer hunters, can also form part of essential hunting safety. These practices, code words included, were designed to ensure the safety and success of the hunters while preserving respect for the wildlife.

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Q 7.13: a(n)________ requires a journal entry by the depositor.

Answers

A BANK SERVICE CHARGE requires a journal entry by the depositor.
On the other hand, the bank errors do not require a journal entry by the depositor.
A journal entry refers to an entry made inside a journal (a bank record). The bank service charge is always shown on the bank statement and on the last date of the bank statement.

A 210 210-room hotel is filled when the room rate is $ 50 $50 per day. for each $ 1 $1 increase in the rate, three fewer rooms are rented. find the room rate that maximizes daily revenue.

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With 210 rooms filled the daily revenue is 10,557 $. The maximum amount of profit possible is with 180 rooms filled which means that the price is 60$ for each room. The revenue for this price is 10,800 $ daily. The closest daily revenues to this are: 183 rooms for the price of 59$=10,797$ 177 rooms for the price of 61$=10,797$

What is negotiation? A. A discussion in which a sales person demonstrates features of a product B. A discussion in which people try to agree on the price of a product C. A written promise about the performance of a product D. An increase in the utility of a product Please select the best answer from the choices provided A B C D

Answers

A negotiation is a Discusion aimed at reaching  an agreement. B.

Negotiation is the discussion in which people try to agree on the price of a product.

What is negotiation?

Negotiation is a process in which two or more parties try to reach a mutually acceptable agreement on an issue. Negotiation can take place in a variety of settings, from business and politics to personal relationships and conflicts.

Effective negotiation requires both parties to have an open mind and a willingness to compromise.

Negotiators must be able to communicate effectively, listen actively, and understand the needs and interests of the other party. Negotiators also need to be able to identify areas of common ground and find creative solutions that satisfy both parties.

There are several different negotiation strategies that can be used, depending on the situation and the goals of the negotiators.

Some common strategies include distributive bargaining, where negotiators try to maximize their own gain at the expense of the other party, and integrative bargaining, where negotiators try to find solutions that benefit both parties.

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A person is arrested for stealing company documents and says, "yes, i did steal the documents, and i am willing to go to jail for it. these documents prove that the company was engaging in a cover-up of the unsafe properties of its chemical. i think the public has a right to know about it". lawrence kohlberg would classify this person is using _____ reasoning. postconventional preconventional conventional unconventional

Answers

This is an example of postconventional reasoning. This person is using postconventional reasoning because they recognize that something was wrong according to the rules, and something was wrong morally. The situations in which there were wrongs was the person stealing the documents from the company, but the fact that the company was knowingly covering up unsafe properties.

An innovative organization needs to tolerate ________ because creative ideas sometimes seem foolish at first.

Answers

An innovative organization needs to tolerate THE IMPRACTICAL because, creative ideas sometimes seems foolish at first.
An innovative company is one who does not discard new ideas because they seem impractical. All ideas must be tolerated and explored in order to decide if the idea is going to be a workable one or not.

How can the presence or absence of natural resources and arable land affect a nation's economy, regardless of the type of economic system?

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If a country has few resources and little land for crops, it may not be able to produce enough food and products for the people.

Which piece of information is most helpful when you're comparing investments?

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The answer would be "the ROI percentages". It would be the most helpful when comparing investments.

If walter's costs are typical in the industry, we would expect that in the long run:

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If Walter's costs are typical in the industry, we would expect that in the long run: there will be new firms that would enter the market for watches and the cost would fall, and every individual firm in the market would deliver less watches.

Globalization, workforce diversity, and __________ are three interrelated themes of importance for managing organizational behavior in the 21st century.

Answers

Globalization, workforce diversity, and taking risk are three interrelated themes of importance for managing organizational behavior in the 21st century. We live in a society where it is common to receive goods from across the globe in trade. Our daily lives and workforce are interconnected more than ever, due to the surge popularity of the internet. A diverse workforce is another component of this surge, as now that the world is interconnected, all manner of people from all across the globe are available to do a lot of tasks that used to be done by a small subgroup of people. Finally, taking risks is an important fact of today's world as well. Corporations are focused on shareholder dividends and profit above short-term risk. Risk is needed in today's society to enable us to move forward as a society and make new discoveries.

Despite the growth in the number of specialists, at the time of the flexner report:

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Was a description of the condition of medical training and education in the early 1900's. This book of literature is considered to be a classic in medical education. It is also considered as being a landmark in medical training.

Karen has a net operating loss in 2016. if she does not make any special elections, what is the first year to which karen can carry the net operating loss? 2013 2014 2015 2017 none of the above

Answers

2014 is the first year that she can carry the net operating loss back to. The IRS makes allowances that let you carry back a net operating loss to two years in the past, though they allow three if the net operating loss was because someone stole from you.

The minimum number of training days per week for gaining strength using a whole-body routine is?

Answers

The minimum days for gaining physical strength is all days of the week. Ideally the exercise routine should be followed daily even if it is for a minimum time of 10 to 15 minutes to gain healthy body.

When lofonift inc. introduced its flagship product, an mp3 player, it captured the market by offering its product at a very low price. this gradually forced many of its competitors out of business. once its competitors were out of business, lofonift inc. raised the price. in this scenario, lofonift inc. most likely indulged in _____?

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PROFIT PERHAPS OR INCREASE IN SALES FOR THERE IS NO RIVALS ANYMORE AND HAVE TAKEN THEM OUT

Three categories of economic activities included in the business services sector of the economy include

Answers

information, research, and management This an approach to portray a learning based part of the economy, which normally incorporates administrations, for example, data innovation, data age and - sharing, media, and innovative work, and also information based administrations like discussion, training, money related arranging, blogging, and planning. The quaternary segment depends on learning and ability. It comprises of scholarly ventures giving data administrations, for example, figuring and ICT , consultancy and R&D . As per a few definitions, the quaternary area incorporates other unadulterated administrations, for example, media outlets, and the term has been used to depict media, culture, and government.

Answering the question, the three categories of economic activities included in the business services sector of the economy include finance, insurance, and real estate.

The business sector refers to a microeconomic sector that involves the private and profit-seeking companies in the economy. These companies combine unlimited resources to produce goods and services that meet the needs of the household sector.

Further Explanation

Production of goods and services is the basic role of the business sector and it is made up of three types of business organizations which include proprietorship, partnership, and corporation.

However, there are three main sectors of the economy and these include:

The primary sectorThe secondary sectorService / tertiary sector

The primary sector includes the extractions of unfinished goods, mining, agriculture, forestry, and fishing

The secondary sector has to with the sector that produces finished goods such as cars, foods, clothes. Etc. This sector makes use of raw materials and converts them to finished goods.

Service/ tertiary sector includes business that provides intangible goods and services to their customers. Such businesses include Retail, banking, entertainment, IT services, etc.

There are also some minor sectors of the economy and these include

Public/private sectorQuinary sector

Therefore, the three categories of economic activities included in the business services sector of the economy include finance, insurance, and real estate.

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KEYWORDS:

business services sectorprimary sectorretailreal estateinsurance
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