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inysia [295]
1 year ago
13

What is the mathematical formula that you would use to describe a financial activity on a bank statement? Explain your response

to your option of choice, included.
a. Ending Balance = Previous Balance + Deposits + Withdrawals
b. Ending Balance = Previous Balance - Deposits + Withdrawals
c. Ending Balance = Previous Balance + Deposits - Withdrawals
d. Ending Balance = Previous Balance - Deposits - Withdrawals​
Business
1 answer:
VMariaS [17]1 year ago
4 0

Answer:

c. Ending Balance = Previous Balance + Deposits - Withdrawals

Explanation:

Deposits are every cash transaction that increase your bank balance, and withdrawals are expenses that decrease your bank balance. Hence the closing / ending balance any day would be the difference of deposits and withdrawals, with opening balance in summation.

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Grensfield, a state in Markova, is struggling to allocate sufficient financial resources to its employee pension funds. To fulfi
marshall27 [118]

Answer:

The action by Grensfield State that is likely to receive the most support from the public is:

a. Coupling employee contribution plans with tax exemption benefits

Explanation:

The employees of Grensfield State, including the public, would support pension contribution plans that are coupled with tax exemption benefits.  The exemption benefits make contribution plans attractive to the workers. Engaging in any of the other three actions will not solve the pending problem nor win the support of the public to the state government's plans.

6 0
1 year ago
Bella Company purchased debt securities with a face amount of $500,000 for $480,000 and classifies them as trading securities. D
alexdok [17]

Answer:

$22,000

Explanation:

Given:

Face amount = $500,000

Amount paid = $480,000

Discount amount = $2,000

New Face amount = $504,000

Find:

Fair value adjustment

Computation:

Fair value adjustment = New Face amount - Amount paid - Discount amount

Fair value adjustment = $504,000 - $480,000 - $2,000

Fair value adjustment = $22,000

3 0
1 year ago
In the short run,
telo118 [61]

Answer:

b i guess

Explanation:

3 0
1 year ago
The government has imposed a fine on jj’s place. the fine calls for annual payments of $60,000, $70,000, $75,000, and $50,000, r
Kobotan [32]

Answer:

The answer is FV = $60,000 ×1.055^3 + $70,000 ×1.055^2 + $75,000 ×1.055 + $50,000  = $277,491  

Explanation:

A fine or mulct is cash that a courtroom or other expert chooses must be paid as discipline for a wrongdoing or other offense. The measure of a fine can be resolved case by case, however usually reported ahead of time. Punishment: Punishment as fines or jail terms forced on wrongdoers.When you pay a fine and confess then normally you are indicted for the speeding offense and it at that point is set on your driving record. On the off chance that you go to court and battle the ticket and are discovered liable in court then you are then sentenced for the offense.

3 0
2 years ago
The unit explained that scientists often use estimation when studying and learning about the universe and astronomy. What other
vovikov84 [41]

Answer:

Estimates are made to fill a probable space in a variable or incognite, so we often see that in science models that include estimates are used. In biology specifically in inheritance for example, estimates could also be used in geography.

In areas where estimates cannot be used, they are those where one depends on a variable or measurement, such as engineering or architecture, because if accurate measurements are not used, some failure can lead to losses

4 0
1 year ago
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