Answer:
The correct answer is add $72 to the book's balance.
Explanation:
Bank reconciliation is a way of identifying discrepancies between the cash book balance (company's books) and the bank balance (balance per bank statement). The discrepancies can be as a result of erroneous posting, deposit in transit, outstanding checks, etc.
In the instance of the question, there was an erroneous posting in the cash book of $72 ($480 - $408). Instead of crediting cash book by $408, it was rather credited by $480 - meaning that the credit was overstated by $72. <em>To correct this erroneous posting, we have to add back $72 to the cash book balance.</em>
In the scenario in which each parent has just one child who watches sesame street, each parent has a private incentive to contribute 0% during the pledge drive. Public television is nonexcludable, which means that the free-rider problem will emerge, so every parent has an incentive to not contribute in hopes that others will. This is the reason for the 0%.
Well...if he earns $75 an hour....and he worked for 20 hours...that's
75 * 20 which = 1500
Now it says he also earns a flat fee....since the question states he billed the client 1800...and he only earned 1500 of it...that must mean that his flat fee would be
1800 - 1500 = 300
So his flat fee is 300...and his variable charge...is 75x (75 dollars per hour)
in an equation...this would look like
C(x) = 75x + 300
Answer:
Services.
Explanation:
You don't produce services, factorlike.
Complete question:
A. The portion of the funding that should be allocated to tax-free investments
B. The portion of the funding that should be maintained in readily accessible funds such as money market instruments
C. The customer's preference for investing via passively managed index mutual funds or via actively managed mutual funds
D. The investment philosophy and strategies employed by the fund manager of the chosen mutual fund
Answer:
The best answer is D
" The investment philosophy and strategies employed by the fund manager of the chosen mutual fund "
Explanation:
Since this person is rich and potentially in a high taxation role, the allocation of part of the assets in tax free municipal investments should be taken into consideration.
An emergency fund should always be maintained, so consideration should be given to the amount of funding allocated to money market fund investments. It should also be considered whether the customer believes in the management of passive assets or active assets.
Passive asset managers believe in the use of low-cost index funds -with the idea that nobody can do better than the market over time. Active asset managers believe that the correct "picking" of stocks enables a manager to surpass the market. The actual trading strategies employed by an active manager to achieve his results are not relevant to the portfolio construction.
