Answer: $19037
Explanation:
The following can be deduced from the question:
Balance per Bank statement = $18361
Add: Deposits in Transit = $1450
Add: Bank error = $63
Less: Outstanding check = $837
Adjusted cash Balance per Bank:
= ($18361 + $1450 + $63) - $837
= $19874 - $837
= $19037
The adjusted cash balance per the bank records should be $19037.
N.B: The bank error was gotten as the difference between $92 and $29. $92 - $29 = $63
Answer:
Hicks Health Clubs, Inc. earnings after taxes will change by minus $10,800 if they choose the more aggressive financing plan instead of the more conservative plan.
Explanation:
Note: I experienced a difficulty submitting the explanation here. Kindly find attached the full answer and explanation in the attached Microsoft word document.
Answer:
Financial markets have the ultimate purpose of:
C. Bringing several parties together in order to engage in buying, selling, and trading activity of financial assets
Explanation:
A financial market is a platform that brings several parties together in order to engage in buying, selling , and trading activity of financial assets. It generally offers an opportunity to investors in financial assets to either buy or sell the assets. Some examples of financial assets include; securities, bonds, stocks, and currency.
In capitalistic economies where there is high competition, the access of financial assets play a major role in ensuring that such economies run smoothly. Financial markets make it is for companies to trade their financial assets in an easy and fast manner. It also provides more accessibility to borrowers and also give an opportunity to the lenders to earn some interest on their money.
Financial markets involve the buying and selling of various financial assets and thus there is need for transparency to ensure that the market prices are fair. The information about the prices need to be clear and appropriate to protect investors.
A group of creatures that are extremely rare, scarce, or infrequently encountered is referred to as a rare species.
Even though extinctions happen naturally, the pace of plant and animal extinctions today is substantially higher than it was previously. The main factor contributing to greater extinction rates is habitat loss.
The introduction of harmful nonnative species, pollution, disease transmission, and habitat changes are some additional causes. Overexploitation of wildlife for commercial gain is another. Species that are in risk of going extinct include those plants and animals that have become so scarce.
Animals and plants that are threatened with extinction across all or a sizable portion of their range are those that are very likely to do so in the near future. The most species are in danger from overuse of natural resources, such as overfishing, overhunting, and deforestation of forests. The extension of land for agriculture, cattle, wood, and aquaculture is another significant industry in the world.
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Answer:
Disability benefit = $5,040
Explanation:
Given:
Pay off per week = $600
Insurance coverage = 70 percent = 0.70
Waiting period = 4 week
Computation of disability benefits:
Disability benefit = Per Week benefit × Total Number of Covered weeks
= (Insurance coverage × Pay off per week) × (off work - Waiting period)
= (0.70 × $600) × (16 - 4)
= $420 × 12
= $5,040
