Answer:
See below
Explanation:
With regards to the above information, the adjusted cash balance at April 30, 2017 is computed as shown below;
Book balance
$46,200
Add:
Interest earned on checking account
$50
Less:
Customer's NSF check returned by the bank
($500)
Add:
Error in recording customer's check
($510 - $150)
$360
Add:
Outstanding checks
$1,100
Adjusted cash book balance
$47,210
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Consumer consumption was encouraged by the extensive use of advertising and the use of <span>the installment plan</span><span> a practice that allowed a product to be purchased using credit provided by the retailer.</span>
<u>Answer: </u>Option D
<u>Explanation:</u>
When the government tries to reduce the production or consumption of certain goods taxes can help the government to perform this action. Taxes alter the resource allocation by giving disincentives for production, consumption or exchange of these goods. Consumer decisions on savings and retirements can be controlled through taxes. Through affecting their decisions, their behavior to take actions based on the decision can also be changed.
By keeping a check on the incentives of the people through taxes the demand and supply can be decreased. This further decreases the productivity of the country.
Answer:
return on assets= 0.09= 9%
Explanation:
Giving the following information:
The Kingwood Company reported a net income of $40,000 and the average total assets of $440,000.
To calculate the return on assets, we need to use the following formula:
return on assets= net income / average total assets
return on assets= 40,000 / 440,000= 0.09
