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inysia [295]
3 years ago
13

What is the mathematical formula that you would use to describe a financial activity on a bank statement? Explain your response

to your option of choice, included.
a. Ending Balance = Previous Balance + Deposits + Withdrawals
b. Ending Balance = Previous Balance - Deposits + Withdrawals
c. Ending Balance = Previous Balance + Deposits - Withdrawals
d. Ending Balance = Previous Balance - Deposits - Withdrawals​
Business
1 answer:
VMariaS [17]3 years ago
4 0

Answer:

c. Ending Balance = Previous Balance + Deposits - Withdrawals

Explanation:

Deposits are every cash transaction that increase your bank balance, and withdrawals are expenses that decrease your bank balance. Hence the closing / ending balance any day would be the difference of deposits and withdrawals, with opening balance in summation.

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The following data were reported by a corporation: Authorized shares 24,000 Issued shares 19,000 Treasury shares 5,500 The numbe
Basile [38]

Answer:

13,500

Explanation:

Outstanding shares = issued shares - Treasury shares

19,000 - 5,500 = `13,500

Shares is a method through which firms raise capital.

Authorised shares are the maximum number of shares a company can issue to investors

Outstanding shares are the total number of shares sold to investors

Treasury shares are shares that have been issued and later repurchased by the company

Issued shares are the shares that a company issues

4 0
3 years ago
The perfectly price-discriminating monopolist is like the __________ in this regard.
Nadusha1986 [10]

Answer:

The correct answer is perfectly competitive firm.

Explanation:

The discriminating monopoly of prices is that where each unit of the product is placed at a different rate. That is, the seller charges each customer differently, depending on various factors such as the budget constraint.

The marginal income curve of the monopolist that can discriminate perfectly is exactly the same as its demand curve. The level of production maximizing the benefit of the benefit is Q *, which is the one in which the CMC curve is cut and the demand, the economic benefit (II).

8 0
3 years ago
Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial s
Anettt [7]

Answer:

The calculations are shown below:

Explanation:

The computation is shown below:

As we know that

Inventory turnover ratio is

= Cost of goods sold ÷ Average inventory

So

For year 2015, it is

= $1,270 ÷ $210

= 6.05 times

For year 2014, it is

= $1,560 ÷ $220

= 7.09 times

For year 2013, it is

= $2,000 ÷ $380

= 7.14 times

1-b Average days to sell inventory is computed by considering the

= Total number of days in a year ÷ inventory turnover ratio

So

For year 2015, it is

= 365 ÷ 6.05

= 60.33 days

For year 2014, it is

= 365 ÷ 7.09

= 51.48 days

For year 2013, it is

= 365 ÷ 7.14

= 51.12 days

2. As we can see that the aegis industries inc is performing better than the Snow Pack Corporation as aegis industries has 7.14 times in 2015 as compare to the 5.5 times in 2015  

7 0
3 years ago
construct a quadriteral PQRS, given that QR=4.5cm PS=5.5cm,RScm5cm and diagonalPR=5.5cmand diagonal SQ=7cm​
Ipatiy [6.2K]

Answer:

The quadrilateral is drawn above

3 0
3 years ago
Today, an estimated _____ of the adults in the united states are overweight, with over _____ falling into the obese range.
Shalnov [3]

The answer in the first space provided is seventy five percent while the second space provided is forty one percent, this is a research that has estimated the percent rate of overweight and obesity in the United States during the year of 2015.

3 0
3 years ago
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