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Goshia [24]
2 years ago
10

If the month-end bank statement shows a balance of $72,000, outstanding checks are $54,000, a deposit of $15,000 was in transit

at month end, and a check for $3,000 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is a) $29,400
b) $30,000
c) $30,600
d) $41,400
Business
1 answer:
barxatty [35]2 years ago
5 0

Answer:

The correct answer was supposed to be $36,000 which is not in the given choices.

Explanation:

correct balance in the bank account

= As per bank statement balance - outstanding checks  + deposit in transit  + check erroneously charged  

= $72,000 - $54,000 + $15,000 +  $3,000

= $36,000

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Last year, Joan bought 50 pounds of hamburger when her household’s income was $40,000. This year, her household income was only
Norma-Jean [14]

Answer:

a. positive, so Joan considers hamburger to be an inferior good.

Explanation:

Income elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of income changes. To calculate the Income elasticity , a formula is used that divides the observed percentage change in quantity (Q) by the percentage change in price income (P): Elasticity = ▲ Q / ▲ P

The percentage change in quantity (▲ Q) and the percentage change in price (▲ P) are calculated by the difference in quantity / price in the two periods divided by the quantity / price of the first period.

▲ Q = (60 -50/60) = 0,16

▲ Q = (40.000 - 30.000/40.000) = 0,25

Elasticity = ▲ Q / ▲ P  = 0,16/0,25 = 0,64

Therefore, the elasticity is positive.

This good is considered inferior, because according to microeconomic theory, inferior goods are those whose demand increases when consumer income decreases. This is the opposite of the normal good, which has its demand increased when income increases.

8 0
1 year ago
Which of the following is NOT a principle of ORM? A ) Make risk decisions at the right level. B ) Anticipate and manage risk by
snow_lady [41]

Answer:

The correct answer to the following question is option D) Eliminate risk through application of ORM( which stands for operational risk management ).

Explanation:

Operational risk management can be defined as the continuous cyclical process which consists of risk decision, implementation of risk controls, risk assessment and risk decision making, which would help in mitigation, avoidance and acceptance of risk.

The four principle included in this are -

1) Accepting risk only when the benefits out weights the cost.

2) Anticipating and managing risk by proper planning.

3) Making right decisions at right time and at right level.

4) Anticipate no unnecessary risk.

8 0
2 years ago
Coast-to-Coast Inc. is considering the purchase of an additional delivery vehicle for $70,000 on January 1, 20Y1. The truck is e
NARA [144]

Answer:

First year:            19,000

Second year:       17,000

Third year:           15,000

Forth year:           13,000

Fifth year:            30,000

Explanation:

We need to subtract from the expected revenue the expected cost for Cash revenue                65,000

Driver Cost:         (40,000)

Operating cost: <u>    (6,000)   </u>

Net cash flow:       19,000

This value stand for the first year

Then this will decrease by 2,000 each year as the driver wages increase over time.

Second year: 19,000 - 2,000 = 17,000

Third year: 17,000 - 2,000 = 15,000

Forth year: 15,000 - 2,000 = 13,000

In the last year we must also include the residual value of the equipment:

Fifth year: 13,000 - 2.000 + 15,000 = 30,000

4 0
2 years ago
The IMC channel that has received the greatest increase in aggregate spending recently is ________, or marketing that communicat
wariber [46]

The IMC channel that has received the greatest increase in aggregate spending recently is direct marketing  or marketing that communicates directly with target customers to gener­ate a response or transaction.

<u>Explanation: </u>

Direct Marketing is a promotional strategy based on the distribution to potential customers of a marketing strategy.  

The Systems of distribution used include mail, online and texting. Direct marketing is named because it removes intermediaries, like publicity media, in particular.

Direct marketing focuses instead of media advertising on delivery to individual consumers.   In much direct marketing, the call to action is a common factor.   It is easier to quantify than media advertising that direct marketing is successful.

In a number of direct marketing, the call for action is a special element. You are instructed to respond immediately to the request through a free telephone number, a reply card or a reference in the email advertisement. The recipient must also access the letter. A positive measure of a future purchase is any reply. Personal advertising is often linked to as ads for direct responses.

4 0
2 years ago
A walking path at a local park is modeled on the grid below where the length of each grid square is 10 feet. The town needs to s
dem82 [27]

Answer:

The area of the walking path = 3,371 ft²

Explanation:

The complete Question is presented in the attached image to this solution

Note that the walking path consists of straight paths and curved paths.

The straight path is strictly squares, with 9 of them on both sides (top and bottom)

Area of the straight path = 18 × area of one square = 18 × 10² = 1800 ft²

For the curved path, note that their areas is the area between two semi circles.

Smaller semicircle has a radius of r = 20 ft.

Larger semicircle has a radius of R = 30 ft.

Area between the two semicircles = (Area of larger semicircle) - (Area of smaller semicircle)

= (πR²/2) - (πr²/2)

= (π×30²/2) - (π×20²/2)

= 785.4 ft²

But note that there are two of those curved paths, hence, area of the curved paths

= 2 × 785.4 = 1570.8 ft²

Total area of the walking path = (Area of straight path) + (Area of curved path)

= 1800 + 1570.8 = 3370.8 ft² = 3371 ft² to the nearest whole number.

Hope this Helps!!!

4 0
1 year ago
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