Answer:
Preparation of bank reconciliation is shown Below:-
Explanation:
Miller co.
Bank Reconciliation
Aug-31
Cash Balance according to bank statement $3,480
Add: Deposits in transit not recorded by bank $729
Balance $4209
Less: Outstanding checks $796
Adjusted balance $3,413
Cash Balance according to company's records $3,535
Less: Bank service charge $113
Error in recording $9 $122
Adjusted balance $3,413
Supply chain management is managing the flow of goods and services from sourcing and handling raw materials, to work in progress inventory, to finished goods from the starting point to the consumer. There is a big focus on efficiency and proper timing.
Hey <span>darwintoribio6449, thanks for submitting your question!
The answer to your question is aggregate demand.
</span><span>Aggregate demand is the total </span>demand<span> for final goods and services in an economy at a given time. It specifies the amounts of goods and services that will be purchased at all possible price levels.
This is the </span>demand<span> for the gross domestic product of a country.
</span><span>
Please let me know if you need any help with anything else, have a good one!
</span>
Yes there is a tennis court there
Answer:
a. It will take her 5 years to pay for her wardrobe
b. She should shop for a new card once she is done paying for this one.
c. She should shop for a new card after finishing paying for this card since going further into debt with the current card would be a bad idea. This is due to the fact that an annual interest rate of 16% is very high. The best option would therefor to finish her payments on the credit card, then shop for a new card with a lower annual interest rate.
Explanation:
Use the formula below to determine the number of months it would take Rachel to pay off her debt;
C *{1-(1+r)^(-n×t)}/(r/n)=PV
where;
C=annuity
r=annual interest rate
n=number of compounding periods in a year
t=number of years
PV=present value
In our case;
PV=$10,574
C=$260
r=16%=16/100=0.16
n=12
t=unknown
replacing;
260*{1-(1+0.16/12)^(-12×t)}/(0.16/12)=10,574
1-(1+0.16/12)^(-12×t)={10,574×(0.16/12)}/260
1-{1.013^(-12 t)}=0.542
(1-0.542)=1.013^(-12 t)
ln 0.458=-12 t (ln 1.013)
t=-ln 0.458/12×ln 1.013
t=5
It will take her 5 years to pay for her wardrobe
b. She should shop for a new card once she is done paying for this one.
c. She should shop for a new card after finishing paying for this card since going further into debt with the current card would be a bad idea. This is due to the fact that an annual interest rate of 16% is very high. The best option would therefor to finish her payments on the credit card, then shop for a new card with a lower annual interest rate.
