Answer: It could take take few decades.
Just like the question, the answer is brief and concise and does not require explanation.
Answer:
C. ""NSF"" checks
Explanation:
Reconciling items are either transactions that have been recorded by the bank but yet to be recorded in the books or transactions recorded in the books but yet to be recognized in the bank statement. As such, to reconcile the bank and book balances, these items are either recognized or derecognized in the books.
Deposits in transit would be subtracted from the books to get the bank balance.
Bank service charge would also be deducted from the books to get the bank balance.
NSF"" checks would be added as it would have been initially deducted from the books but the banks would have refused such check on the basis of insufficient funds.
Collection of a note by bank will be added to the book balance
Answer:
- the reproduction in which fertilization takes place is called sexual reproduction.
ii . multiple fission
hope it is helpful to you
Answer:
15.18%
Explanation:
Calculation for the nominal annual rate
First step is to find EFF% using this formula
EFF%=[1+(Nominal rate percentage/Numbers of months in a year )]^Numbers of months in a year
Let plug in the formula
EFF%=[1+(15%/12)^12
EFF%=(1+0.0125)^12
EFF%=(1.0125)^12
EFF%=1.1608×100%
EFF%=116.08%
Second step is to find Rnom compounding quarterly of 116.08% using this formula
Rnom compounding quarterly = (1+(R/4)^4
Let plug in the formula
Rnom compounding quarterly= (116.08%)^(1/4) Rnom compounding quarterly= 1+ R/4
Hence,
Rnom compounding quarterly = 15.18%
Therefore Anne Lockwood should quote her customers with Rnom compounding quarterly of 15.18%
Answer:
Payback period = 3 years
Explanation:
<em>The payback period is the average length of time it takes the cash inflow from a project to recoup the cash outflow.</em>
<em>Where a project is expected to generate a series of equal annual net cash inflow, the payback period can be calculated as: </em>
<em>Payback period =The initial invest /Net cash inflow per year
</em>
The cash inflow = Net operating income + Depreciation
= 105, 000 + 45,000 = 150,000
Note we have to add back depreciation because it is not a cash-based expenses. And payback period makes use of only cash-based revenue and expenses.
Payback period = 450,000/150,000
= 3 years
Payback period = 3 years