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mina [271]
3 years ago
9

Lance wrote four checks last month, and these were the only transactions for his checking account. According to his check regist

er, his balance is $393.55, but the bank statement he just received says his balance is $481.20. If the four checks were for $73.75, $87.65, $82.75, and $82.20, the check for which amount has not yet cleared?
Business
2 answers:
cestrela7 [59]3 years ago
8 0
The Answer Is B , The Check For $87.65 Did Not Clear
Hope This Helps

Scrat [10]3 years ago
3 0

The answer is $87.65 Apex

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Puffy's Pastries generates five cents of net income for every $1 in equity. Thus, Puffy's has _______ of 5 percent.
kap26 [50]

Answer: return on equity

Explanation:

The return on equity is simply a measure of how profitable a business will be when it's being compared to its equity. Return on equity is the net income divided by the equity. It can also be gotten when liabilities is deducted from assets.

In the above analysis, return on equity equals 5% because 100 cents make 1 dollar. Therefore, 5/100 × 100 gives 5%.

5 0
3 years ago
Your uncle has $375,000 and wants to retire. He expects to live for another 25 years and to earn 7.5% on his invested funds. How
Alex777 [14]

Answer:

d. $33,641.50

Explanation:

In this question, we use the PMT formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Present value = $375,000

Future value = $0

Rate of interest = 7.5%

NPER = 25 years

The formula is shown below:

= -PMT(Rate;NPER;PV;FV;type)

So, after solving this, the answer would be $33,641.50

5 0
4 years ago
A post-closing trial balance is prepared a. after closing entries have been journalized and posted. b. before closing entries ha
adelina 88 [10]

Answer:

A.

Explanation:

The accounting cycle is the name given to the collective process of recording and processing the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements.

Upon the posting of adjusting entries, a company prepares an adjusted trail balance followed by the financial statements. An entity closes temporary accounts (revenues and expenses) at the end of the period using closing entries. These closing entries transfer net income into retained earnings. Finally, a company prepares the post-closing trial balance to ensure debits and credits match.

Steps:

-Journal

-Ledger

-Trail Balance

-Adjustment Entries

-Trading Account

-Profit or loss account

-Final accounts

-Post closing Trail Balance

4 0
3 years ago
Read 2 more answers
Company openness depends on the strength of the company’s grapevine.<br> a. True<br> b. False
Morgarella [4.7K]

Answer:

The correct answer is: False

Explanation:

4 0
4 years ago
"The Electronic Frontier Foundation filed a class-action lawsuit against AT&amp;T, accusing the telecom firm of violating the la
sergejj [24]

Answer:

AT&T was accused of selling real-time customer data and location.

Explanation:

Electronic Frontier Foundation (EFF) and Pierce Bainbridge Beck Price & Hecht LLP will file a class action lawsuit against AT&T on behalf of some of their clients.

The legal remedy is before a court in California with the aim of preventing AT&T and two companies specialized in aggregating data that can have unauthorized access to information and even the real-time location of the company's mobile clients telecommunications. According to the information, EFF alleges that AT&T sold the real-time geolocation data of the clients to credit agencies, bonds and other third parties without the required client's consent and without any legal authority.

7 0
4 years ago
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