Answer:
interest expense for October $ 27.25
Explanation:
900
+ 1,300 x 20/30
<u> + 100 x 15/30 </u>
1,816.67 average balance
Now we multiply this average balance by the interest rate of the credit card:
1,816.67 x 0.18/ 12 = 27.25
Answer:
B) Investing Activities
Explanation:
Investing activities deal with cash transactions involving movement of items of Property, Plant and Equipment. These transactions include purchase costs and sale proceeds of assets.
Answer:
$25,400
Explanation:
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
The movement in the retained earnings balance may be expressed as
Opening balance + net income - cash dividend paid = closing retained earnings balance
Cash dividend declared - Cash dividend paid = Cash dividend payable
$49,000 - Cash dividend paid = $23,600
Cash dividend paid = $49,000 - $23,600
= $25,400
Answer:
Answer is explained in the explanation section.
Explanation:
If the wages of the Hispanics construction worker in America are less then, they will not have near as much money to send home to their relatives back in Mexico.
And if their families do not have as much as it use to be then they will not be able to buy near as much as they used to.
It means that if the construction workers don't get as much money as they used to then, neither they nor their families will be able to spend as much as they use to which will obviously hurt each of their economies.
Answer and Explanation:
The computation of the outstanding checks is shown below:
For the November end
= Checks - presented in the bank
= $10,230 - $8,240
= $1,990
For the December end
= Checks - presented in the bank + presented in th bank - checks
= $10,230 - $8,240 + $11,815 - $10,655
= $3,150
We simply applied the above formula
