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2 years ago

The bank charged another company's check against our account. This would be included on the bank reconciliation as a(n)?

1 answer:

5 0

When bank charged another company's check against our account this would be included on the bank reconciliation as a addition to the balance per books.

A bank reconciliation statement summarizes banking and business activities and reconciles a company's bank accounts and its financial records. A bank reconciliation statement confirms that the payment has been processed and the cash collection has been credited to your bank account.

Withdraw an outstanding check. This will give you a reconciled bank balance. Then, use the cash balance at the end of the business to add up the interest earned and any outstanding bills. Deduct all bank charges, penalties and NSF checks.

Procedures for verifying the accuracy of both company bank statements and cash accounts. - Must be completed at the end of each month. A common cause of differences between the bank's ending balance and the cash book's ending balance.

Learn more about reconciliation at

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The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 milli

iragen [17]

Answer:

$39.40

Explanation:

According to the situation, the solution is as follows

The Net asset value of the fund is

= (Current worth of portfolio - liabilities) ÷ (outstanding shares)

= ($200 million - $3 million) ÷ (5 million shares)

= $39.40

Basically we applied the above formula in order to determine the net asset value of the fund.

8 0

3 years ago

The demand and supply curves show how buyers and sellers ________; the interaction of buyers and sellers ________. compete again

koban [17]

Answer:

The correct answer is the second option: respond to prices; determines the price.

So the final statement will be:

The demand and supply curves show how buyers and sellers respond to prices; the interaction of buyers and sellers determines the price.

Explanation:

To begin with, in the microeconomics theory both the demand and supply curves are economic functions that are represented in the graphic in order to give a better understanding of what is going on in the reality of the economy out there. So that means that they are both determine by the quantity demanded or supplied and the price, the relation between those two components. And regarding that, they both will show how the buyers and sellers respond to prices. Moreover, their interaction will determine the price as explained before.

5 0

3 years ago

According to empirical research, in countries where stockholders' rights are strong, firms issue ____ stock than in countries wh

gavmur [86]

According to empirical research, in countries where stockholders' rights are strong, firms issue <u>More </u>stock than in countries where stockholders' rights are weak. Researchers conclude that strong stockholders' rights <u>reduce</u> moral hazard in stock markets.

<u>Explanation</u>

A <u>Moral hazard</u> is said to have occurred when one party (i.e insured Party) increases its exposure to risk ,because some other party bears the cost of those Risk.It reflects the tendency of a person to take more risk as the consequence of the risk taken has to be beard by some other party

<u>The moral hazard problem is </u><u>less </u><u> severe in bond markets than in stock markets. In addition, moral hazard arises in bond markets when firms issue bonds with high default risk.</u>

<u />

So it is appropriate to say that , in countries where stockholders' rights are strong, firms issue <u>More </u>stock than in countries where stockholders' rights are weak. Researchers conclude that strong stockholders' rights <u>reduce</u> moral hazard in stock markets.

3 0

3 years ago

Jeff Jones has locked in an oil delivery price of $1.95 per gallon. His tank holds 210 gallons. If Jeff has six fill-ups during

Ilya [14]

First you would need to find the total cost for just one fill-up...

$1.95(price per gallon)*210(how many gallons the tank will hold) =$409.5 (for one fill-up)

Now to find the price for 6 fill-ups...

$409.5(for one fill-up)*6(Total number of fill-ups) =$2,457 (for 6 fill-ups)

So your answer would be $2,457
Hope this helps! :)

7 0

3 years ago

Consider a public policy aimed as e-cigarettes. Assume the elasticity of demand is 0.4. If a Juul with two pods cost $40.00 and

Iteru [2.4K]

In order to reduce the Juuling by 20%, price would have to rise by 50%.

<h3>What is price elasticity of demand?</h3>

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one.

<h3>What should be the percentage rise in price?</h3>

0.4 = 20%/ price

price = 20% / 0.4

= 50%

To learn more about price elasticity of demand, please check: brainly.com/question/18850846

6 0

2 years ago