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densk [106]
2 years ago
10

When reconciling a bank account, which one of the following is considered a timing difference (difference between the bank balan

ce and the book balance)? Multiple Choice Outstanding checks Deposits recorded by the bank Checks that have cleared the bank Errors
Business
1 answer:
DanielleElmas [232]2 years ago
8 0

Answer:

Outstanding checks

Explanation:

One of the reasons why a cash book and a bank statement might <em>not show identical entries arise</em> from outstanding checks.

Outstanding checks are payments that have not yet been cleared and debited to the account at the bank.

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Suppose a hypothetical economy is currently in a situation of deficient aggregate demand of $16 billion. Four economists agree t
GarryVolchara [31]

Answer:

Economist A

Government spending multiplier $4billion

Tax multiplier $8billion

Economist B

Government spending multiplier $8billion

Tax multiplier $2billion

Explanation:

Computation for the amount the government would have to increase spending to close the output gap according to each economist's belief

ECONOMIST A

Government spending multiplier=16/4

Government spending multiplier=$4billion

Tax multiplier=16/2

Tax multiplier=$8billion

ECONOMIST B

Government spending multiplier=16/2

Government spending multiplier=$8billion

Tax multiplier=16/8

Tax multiplier=$2billion

Therefore the amount the government would have to increase spending to close the output gap according to each economist's belief are :

ECONOMIST A

Government spending multiplier=$4billion

Tax multiplier=$8billion

ECONOMIST B

Government spending multiplier=$8billion

Tax multiplier=$2billion

5 0
3 years ago
The ________ statement of a business report provides a clear description of the situation that created the need for the report.
Blababa [14]

Answer:

Problem statement

Explanation:

Problem statement - it is referred to as the statement that given the clear and crystal information about the current situations. it is considered a good source of analyzing the real situations about the ongoing project.

This statement describes the current situations between the current and desired aim of the projects. it expressed the problem in two or three statements.

3 0
2 years ago
Viral promotion involves: Group of answer choices sending a pre-written set of messages to customers or prospects over time. off
marta [7]

Answer:

leveraging a firm's customers to promote a product or service

Explanation:

Viral promotion is a form of marketing in which a good or service is promoted using a firms' social network,

For example, if a firm is about to launch a new product and it wants to do a viral promotion, it would make use of the firms existing customers to promote the good

4 0
3 years ago
Swan Finance Company, an accrual method taxpayer, requires all of its customers to carry credit life insurance. If a customer di
posledela

Answer:

Recognize an income/loan repayment of $1,300, and cancel the debt of $200 from the earlier recognition of income

Explanation:

Swan would only recognize an income/loan repayment of $1,300 having already recognized an initial income of $200 of the $1,500 owed before the death of the customer.

Accounting entries would be as follows.

Debit Bank account: $1,500

Credit income/loan repayment account: :1,300

Credit receivables: $200.

The credit of $200 in receivables would be treated as shown above due to the income of $200 already recognised and which would have been treated as follows when it was recognized,

Dr: receivables $200

Cr. interest earned $200,

7 0
3 years ago
Drag each credit plan to its description.
GarryVolchara [31]

Answer: (1)revolving credit, (2)installment account,& (3)charge card

Explanation:

(1)Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off.



(2)Borrowers have to make regular payments under fixed terms.



(3)Consumers can shop using credit at specific locations.

6 0
3 years ago
Read 2 more answers
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