The rest of the question?
<span>The correct answer is once a month. You should typically monitor your checking account one a month by balancing it. You can balance your account by adding all of your deposits to the beginning balance and subtracting all the subtotal's checks made.</span>
Answer:
$4,410
Explanation:
Discount refers the amount that is deducted from the usal price of a good sold or service rendered.
From the question, the credit terms 2/10, n/30 implies 2% discount if the amount owed is paid within 10 days while no discount will be enjoyed if the amount owed is paid after 10 days but must be beyond 30 days.
Therefore, the amount owed by Lulu's if the store pays within the discount period, i.e. within 10 days, can be calculated as follows:
Discount = (Purchases - Merchandise returned) * 2% = ($5,500 - $1,000) * 2% = $90
Amount owed = Purchases - Merchandise returned - Discount = $5,500 - $1,000 - 90 = $4,410.
Therefore, the amount owed by Lulu's if the store pays within the discount period is $4,410.
Answer: Market the product in it's name.
Explanation:
A franchise is an arrangement to run a business under an existing business name to leverage on the name success for a high performance in return for a fee payable to the existing business name used for ones operations.
Answer:
Cash Balance = $12610
Explanation:
We can calculate the adjusted or true cash balance of Owen by making adjustments in the book balance using the transactions that only appear on the bank statement and are missing from the book balance calculation.
1. The bank service charges are a deduction that bank has made from the bank account of Owen. This, they should be deducted from the book balance.
2. A collection of $1170 made by the bank on Owen's behalf will increase the account balance of Owen. Thus, it should be added to the book balance.
3. The interest earned by Owen is also an addition to the bank balance and should be added in the unadjusted book balance.
The new or true cash balance of Owen will be,
Cash Balance = 11400 - 80 + 1170 + 120
Cash Balance = $12610
