Answer:
You can prepare a bank reconciliation by starting with the balance as per the company's books, and undoing all entries that were entered in the books but are not yet reflecting in the bank statement, and then adjusting for all entries that are in the bank statement that were not recorded in the company's books as you would have entered them if given the chance to record them as shown below:
Explanation:
Balance as per cash account 2,450
add back outstanding checks 1,800
less deposit in transit (400)
add receipt from Wayne Brown 530
less service charge (30)
Add interest earned <u> 20 </u>
Balance as per Bank Statement <u> 4,370 </u>
Based on the rate at which the computers are printing bills, the number of bills that the second computer was still to print was 4,000 bills.
<h3>How long did the first computer take to finish?</h3>
= Number of bills / Bills per hour
= 43,000 / 8,600
= 5 hours
<h3>How many bills was the second computer left with?</h3>
This can be found by the formula:
= Number of bills to print - Bills printed in 5 hours
= Number of bills to print - ( Bills printed per hour x Number of hours)
Solving gives:
= 43,000 - (7,800 x 5)
= 4,000 bills
Find out more on calculating rates at brainly.com/question/145385.
Explanation:
The Fair Debt Collection Practices act protects the credit card users from the deceptive or incorrect practices when debt is collected.
Answer:
option (c) $167,597.77
Explanation:
Data provided in the question:
Monthly mortgage payment = $900
Duration of loan, n = 30 years = 360 months
Interest rate = 5%
Monthly rate of interest = 5% ÷ 12 = 0.4167% = 0.004167
Now,
Mortgage loan can he afford
= Monthly mortgage payment × [ (1 - ((1 + r)ⁿ)⁻¹ ) ÷ r ]
= $900 × [ (1 - ((1 + 0.004167)³⁶⁰)⁻¹ ) ÷ 0.05 ]
= $167,597.77
Hence,
The answer is option (c) $167,597.77
In this case the perfect tender rule
b. does not apply.
Explanation:
The perfect tender rule has certain exceptions where it cannot be applied to the tender parties and the probates of the tender.
If there is a government ruling against the use of certain products that are necessary for the tender to be completed and the outlaw happens after the tender is signed but before it is completed as a consignment then it cannot be done.
This would come under the ambit of an emergency where the governed ruling makes such deals null and void.
