Explanation:
Bank Reconciliation: The Bank reconciliation deals with the balance of the bank statement and the balance of the cash statement. The aim is to compare those two statements to allow the organization to run smoothly.
There are various transactions because of which the balance of the bank statement and the balance of the cash statement do not match We change the transactions accordingly to match those statements
The preparation of the bank reconciliation statement for the month of June is presented in the spreadsheet. Kindly find the attachment below:
The outstanding checks is
= $770 + $4,600
= $5,670
<span>She is to invest $150,000 in the low risk found at 9%
She is to invest $50,000 in the high risk found at 13%
Let x = money invested at 9%
Let y = money invested at 13%
x+y = 200000
.09x + .13 y = 20000
since
x = 200000-y
then
.09(200000-y) +.13y = 20000
18000-.09y+.13y = 20000
.04 y = 20000
y = 50000
then
x = 200,000-50000 =150000</span>
Answer:
The FED must decrease the price of money (or interest rates), and to do that it will buy US securities. By purchasing securities, the FED will decrease the money supply, lower the interest rates and halt inflation. This is called a contractionary monetary policy.
It can also increase the banking system's required reserve ratio, but besides lowering the interest rates, it will also decrease the supply of credit cards even further, so one action could offset the other. That is why this policy might be inefficient in this specific case.
Answer:
B. 51,000
Explanation:
The computation of the total assets at the end of the year is shown below:
= Opening balance of asset account + revenue collected - expenses incurred + additional assets purchased + additional cash invested in the business
= $30,000 + $30,000 - $34,000 + $15,000 + $10,000
= $51,000
Simply we deduct the expenses incurred and the rest of the items are to be added in the beginning balance of asset account so that the accurate amount can come.
Answer:
The correct answer is letter "B": monopoly.
Explanation:
A monopoly exists when one business is the sole or almost sole supplier of a good or service within a market. This potentially allows the business to become dominant enough to prohibit rivals from entering the marketplace resulting in minimal consumer choice, higher prices, and reduced response to customer requests.
