Select all that apply Determine the statements below that are true regarding why a bank reconciliation is used. (Check all that apply.) Multiple select question. The bank reconciliation is useful in proving the accuracy of the Cash account in the general ledger. Timing differences between the bank statement and the depositor's records are reflected in the bank reconciliation. The Cash account balance in the general ledger is accurate, but the bank statement balance is not. We must reconcile the balance of the bank's records and the Cash account in the general ledger and explain or account for any differences in the two.

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i.e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?