In economics, we cannot accurately predict what individuals will do, but only what people in general will do. Why?

On October 31, Year 1, A company general ledger shows a checking account balance of $8,445. The company’s cash receipts for the

slamgirl [31]

Answer:

Balance as per cash book $ 8,445

Adjustments to be recorded in cash book

Less: Bank Service Fees $ ( 310)

Add: Note receivable $ 6,600

Add: Interest earned $ 1,120

Adjusted cash balance $ 15,855

Balance as per bank statement $ 12,895

Add: Deposits in transit ( $ 74,640 - $ 71,375) $ 3,265

Less: Unpresented cheques ( $ 72515- 71270) $ (1,245)

Add: Correction of error $ 940

Adjusted bank balance $ 15,855

Explanation:

For cash book, the adjustments that have to be recorded are the bank service fees, collection of notes and interest.

For bank statements, the adjustments that have to be recorded are the deposits in transits ( collections not deposited). unpresented cheques ( cheques issued but not presented) and the correction of the wrong entry.

3 0

3 years ago

Michael mixed three colors of paint and came up with black. this is an example of

rosijanka [135]

Michael mixed three colors of paint and came up with black. this is an example of subtractive color mixing. When you mix together subtractive colors eventually the light is subtracted from them giving off a black color tone. These colors change with the light but can cancel each other out easily.

5 0

2 years ago

"Using your favorite search engine, the resources of your library, and information available on the Uber Web site, identify and

Digiron [165]

Explanation:

All drivers background are checked before they take the first drive considering the safety aspect of Riders.

Minimize the time that the rider waits with phone. Instead wait for the driver to reach your place which would be notified by tracking his path through map

Emergency button that exists, will alert the securities about the threat that the rider got.

The insurance that is covered and can be used during accidents

Be a back-seat rider so that you exit from the ride on an emergency

Wear your seat belt always to stay safe

Share the trip details with your family members so that they can track the path on an emergency.

7 0

3 years ago

The Tony Hawk Skate Park has a 5 year instalment loan with monthly payments of $5.000 including interest Currently the first twe

Irina18 [472]

How is your break going ?

4 0

3 years ago

Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unempl

sveta [45]

Answer:

8.3% - 60%

Explanation:

Unemployment rate is the total of unemployed divided by the total workforce. As the question says, there is 1 million of unemployed and the people able to work is 12 million (1 million unemployed plus 11 employed). So the unemployment rate is 1/12... which is 8.3%

The participation rate is the employed plus the people that have no job but are actively seeking for a job, divided by the population that is in working age. The people who has no job, is in working age and available to work and is actively looking for work is the unemployed (ILO definition of unemployment). So we have 1 million plus the 11 million of employed, we have a total of 12 million. So the participation rate is 12/20... which gives us 60%

7 0

3 years ago