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Dominic is looking over his spending pattern for the past week to try to determine how much money he had on Sunday. This is Domi

Afina-wow [57]

Answer:

The correct answer would be option C, $435

Explanation:

In real financial banking transactions, Debits are basically the withdrawals and credits are deposits.

Because the problem states that there was an over withdrawal on Thursday but not on Saturday, this means that the ending balance on Thursday was a negative balance. On Saturday, the remaining balance was a positive balance. 500 and 480 as a beginning balance doesn't give a negative balance on Thursday. 400 as a beginning balance gives a negative balance on Thursday as well as Saturday.

Debit Credit Balance

Sunday 435

Monday 158 277

Tuesday 69 44 252

Wednesday 175 77

Thursday 131 38 -16

25 -41 Overdraft fee

Friday 53 12

Saturday 22 14 4

So the correct answer is option C, $435

6 0

3 years ago

Identify one way in which setting a goal can help a person budget<br> more effectively.

Bond [772]

Like I’m going to increase my production by 100%

5 0

3 years ago

After its success in Japan, Starbucks worked with local operators, collecting initial fees and then royalties on store revenues

kotykmax [81]

Answer:

Franchising.

Explanation:

Franchise is a license consisting of a contractual arrangement between a parent company (franchiser or franchisor) and another (franchisee), that allows individuals or an organization access to its knowledge, processes, trademarks in order to provide a service.

One of the main advantages of a franchise is that, franchisers such as Starbucks do not require additional capital and development expenses to have their businesses being situated in a foreign market or country, as they only required to issue licenses to franchisors who are interested in being part of their business by paying a fee. For instance, Starbucks could give the authority to an individual or group of people which would enable them to do the same business in another geographical location.

Hence, this type of relationship best describes franchising because Starbucks worked with local operators while collecting initial setup fees and then royalties on store revenues generated by the franchisees as it entered other Asian countries.

7 0

3 years ago

Journalize the following transactions in the accounts of Sedona Interiors Company, a restaurant supply company that uses the all

Vaselesa [24]

Answer:

The journal entries are made below;

Explanation:

May 1. Account Receivable-Beijing Palace Co. Dr.$18,900

Sales Revenue Cr.$18,900

Cost of Goods Sold Dr.$11,200

Inventory Stock Cr.$11,200

Aug 30. Cash Dr.$8,000

Bad Debt Expense Dr.$10,900

A/R-Beijing Palace Co. Cr.$18,900

Dec 8. A/R Beijing Palace Dr.$10,900

Bad Debt Expense Cr.$10,900

Cash Dr.$10,900

A/R Beijing Palace Co. Cr.$10,900

6 0

3 years ago

Sydney wins a prize. She has a choice of receiving a payment of $160,000 immediately or of receiving a deferred perpetuity with

Mamont248 [21]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

She has a choice of receiving a payment of $160,000 immediately or of receiving deferred perpetuity with $10,000 annual payments, the first payment occurring in exactly four years.

A) i= 5%

First, we need to determine the value of the perpetuity four years from now.

Perpetuity= 10,000/0.05= 200,000

Now, we can calculate the present value:

PV= 200,000/(1.05^4)= $164,540.50

B) i= 6%

Perpetuity= 10,000/0.06= $166,666.67

PV= $166,666.67/1.06^4= $132,015.61

C) She should consider her necessities of cash and the value of the products she can purchase now.

5 0

3 years ago