Answer:
$54,321
Explanation:
Prepare a Bank Reconciliation statement to determine the true cash balance as of June 30.
Bank Reconciliation statement as at June 30
Balance as per Bank Statement $56,084
Add Outstanding Lodgments $2,655
Less Unpresented Checks ($4,418)
Balance as per Cash Book $54,321
Conclusion
The true cash balance as of June 30 is $54,321.
Answer: C. private benefits of regulation to DIs.
Explanation:
Private benefits are those that the parties involved in a transaction experience. The Government insuring deposits in Deposit Institutions (DIs) is as a result of regulation of those same DIs.
A private benefit to DIs is that the cost of deposit funds has been reduced because the Government now insures the deposits directly so banks do not have to significantly account for such anymore.
Answer:
"Economics"
Explanation:
According to my research and based on the description in the question, I can say that the term being described is called "Economics". Every country in the world deals in Economics, since it is what provides a countries wealth in order to continue existing in this ever-changing world.
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