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inysia [295]
2 years 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]2 years 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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Carlos is the manager of an American company. He expects the value of the British pound to appreciate in the near future and so
Inga [223]

<u>Answer:</u> Speculation.

<u>Explanation:</u>

Carlos tries to make a profit through exchange rates. Carlos is a speculator who tries to make profit through market fluctuations. The strategy is a risky strategy as the speculators based on their knowledge about the market make decisions accordingly.

Carlos is planning to receive the appreciated value of British Pounds so that he receives the same amount as mentioned in the contract but makes profit out of exchange rates and books FX profits in his books of accounts.

3 0
2 years ago
Helga runs a website on which she sells houseplants. She also earns through pay-per-click advertising that allows search engines
DerKrebs [107]

Answer: a. Gardening gloves

b. Terracotta planters

c. Garden scissors

d. Watering cans

Explanation:

From the question, we are informed that Helga runs a website on which she sells houseplants and that she also earns through pay-per-click advertising that allows search engines to show targeted ads on her site.

All the products will be advertised on her website. The gardening gloves, terracotta planters, garden scissors and the watering cans are all materials that are required for plant growth to provide water and keep weeds away.

6 0
2 years ago
Acme LLC has already paid $10,000,000 in Research &amp; Development costs. Unfortunately, times have changed. Since they started
nika2105 [10]

Answer:

he best course of action for Acme to take would be to produce the 1,000,000 products as the accountants have stated

Explanation:

Based on the information provided, the best course of action for Acme to take would be to produce the 1,000,000 products as the accountants have stated. From solely taking into account the fixed costs of producing the products, if the company were to produce the desired amount and sell them they would recover a total of 8,000,000 from the costs that they have incurred in Research & Development. This is not taking into account the variable costs that may be incurred, still, they recover much of what they have already spent.

8 0
2 years ago
A streaming music site changed its format to focus on previously unreleased music from rising artists. the site manager now want
pishuonlain [190]

Answer : The p-value of 0.0743 is greater than alpha at 0.05; so we fail to reject the null hypothesis and conclude that there is no significant difference in the number of unique users before and after a change in policy.

In this question, the manager wants to know if the number of users has changed.

So, the null and alternate hypotheses are:

Null Hypothesis: {H_{0}}: \mu = 131,520

Alternate Hypothesis : {H_{1}}: \mu \not\equiv 131,520

Type of test : Two-tailed test

The level of significance is 95%

We can calculate alpha (α) as follows:

\alpha = 1- Confidence Level

\alpha = 1- 0.95
\alpha = 0.05

The p value = 0.0743.

We use the following rules to arrive at a conclusion when p-values and alpha is given:

If p-value < \alpha, reject the null hypothesis

If p-value \geq \alpha, we don't reject the null hypothesis.

Since the p-value is greater than alpha, we don't reject the null hypothesis.

4 0
2 years ago
Murkywater Company is considering a lockbox system. Its collection delay is currently 12 days.
Anna007 [38]

Answer:

$6,400,000

Explanation:

Reduction in mailing time = 1.5 day

Reduction in clearing time = 1.5 day

Reduction in firm processing time = 1.0 day

Total = 4.0 days

Daily interest on Treasury bills = 0.025%

Average number of daily payments to lockboxes = 4,000

Average size of payment = $400

The value of the proposal will be the average number of daily payments to lockboxes multiplied by the total of 4 days which is then multiplied by the average payment size. This will be:

= 4000 × $400 × 4

= $6,400,000

7 0
2 years ago
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