Answer:
$107,600
Explanation:
The cash balance on Lechwe' bank would be calculated as;
Cash balance = Corrected cash book balance + Outstanding cheques - Deposit in transit
Given that;
Corrected cash book balance = $93,000
Outstanding cheques = $45,200
Deposit in transit = $30,600
= $93,000 + $45,200 - $30,600
= $107,600
Therefore, the December 31 cash balance on Lechwe's bank statement is $107,600
Answer:
Explanation:
Why is easy. To make money. I mean increase wealth not like the Fed which literally does make money - to the tune of trillions per year.
Good Banks do serve a useful purpose. They take the money that savers put on deposit and loan it out to businesses to increase their net worth or individuals who want things like condos or houses.
The economy benefits by money circulating. The individuals benefit by investing in real estate and other tangibles to make them wealthier.
Not all banks especially recently, are honest. It is creating a lot of trouble.
<span>The answer is C. Variable</span>
Answer:
24.73%
Explanation:
(1 + i)ⁿ = future value / present value
annual interest rate = i
n = 52 years
future value = $11,750
present value = $0.12
(1 + i)⁵² = $11,750 / $0.12 = 97,917
1 + i = ⁵²√97,917
1 + i = 1.2473
i = 1.2473 - 1 = 0.2473 = 24.73%
Answer:
Company HD has a higher return on equity (ROE) than Company LD, and its risk as measured by the standard deviation of ROE is also higher than LD's.
Explanation: