Answer:
Bank Reconciliation Statement as at October 2:
Balance as per checkbook $601
Add: Electronic transfer $2,400
Interest $4
Less: Bank charge ($5)
Balance as per bank statement $3,000
Explanation:
A bank reconciliation statement is a statement prepared periodically to reconcile the balance in the cash book with the balance shown on a bank statement.
The process starts with identifying transactions that do not (do) appear in the cash book and those that do not (do) appear in the bank statement, which did not appear in the other. Errors are also identified and corrected during the process. After this, the reconciliation statement is prepared to agree the two sources of balances.
Answer:
Explanation:
A swap transaction in the inter bank market is the simultaneous purchase and sale of a given amount of foreign exchange for two different value dates. The purchase and sale are with the same counterpart. A swap may be considered a technique for borrowing another currency on a fully collateralize basis.
Answer: more; lower
Explanation:
The yield to maturity is the annual rate of return for a bond which has been estimated as long as the bind is being held by the investor till it matures.
It should be noted that Bond prices are more sensitive to changes in yield when the bond is selling at a lower initial yield to maturity.
Answer:
higher unemployment rate
Explanation:
The economic region, A, where there is the presence of strict union protection laws, is most likely to experience increase unemployment rate compared to region B where there is the absence of strict union protection laws.
Unions most times favor those who are currently employed as opposed to those who are searching for jobs. They try to reduce wage inequality between low and middle wage workers and high- wage workers, this most times leads to increase in wages above the equilibrium level. This further result to the decline of amount of labor required hence leading to unemployment.
Answer:
a. emigrate
b. more
Explanation:
Immigration attractiveness is a factor that draws immigrants to a foreign country. A country becomes more attractive when the economic prospects are brighter than at the home-country. The degree of immigration law enforcement also helps to either attract or deter potential migrants. In recent years, wars and misgovernment have propelled millions to move boundaries. At the same time, countries are imposing migration restrictions by imposing and implementing strict laws.
