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pshichka [43]
3 years ago
11

Dominic is looking over his spending pattern for the past week to try to determine how much money he had on Sunday. This is Domi

nic’s spending pattern: Day Debit ($) Credit ($) Monday 158 --- Tuesday 69 44 Wednesday 175 --- Thursday 131 38 Friday --- 53 Saturday 22 14 If the bank charges Dominic an overdraft fee of $25 every time he overdraws his account, and Dominic overdrew his account on Thursday but not on Saturday, which of the following is a possible amount of money that Dominic could have had in his account last Sunday? Assume that the only debits and credits not listed are overdraft fees. a. $500 b. $480 c. $435 d. $400 Please select the best answer from the choices provided A B C D
Business
1 answer:
Afina-wow [57]3 years ago
6 0

Answer:

The correct answer would be option C, $435

Explanation:

In real financial banking transactions, Debits are basically the withdrawals and credits are deposits.  

Because the problem states that there was an over withdrawal on Thursday but not on Saturday, this means that the ending balance on Thursday was a negative balance. On Saturday, the remaining balance was a positive balance. 500 and 480 as a beginning balance doesn't give a negative balance on Thursday. 400 as a beginning balance gives a negative balance on Thursday as well as Saturday.

   

                    Debit    Credit    Balance

Sunday                                      435

Monday        158                        277

Tuesday        69          44           252

Wednesday  175                           77

Thursday       131         38             -16

                      25                          -41 Overdraft fee

Friday                          53              12

Saturday         22         14               4

So the correct answer is option C, $435

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Answer:

determine the size of payments.

$202,42

Explanation:

Expected cost              2000

Salvage value old printer 200

         Cost requirement        1800

 

FVOrdinary Annuity​=C*(1+i)n-1/i  

1800=c*(1+3%)>8-1/i  

C=202,42  

N Monthly            % VF

0 202,4214999 1,00 202,42

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6 0
3 years ago
SANDHILL CO. Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,890 $10,890 Accounts Rece
ziro4ka [17]

Answer Explanation:

We match each debit change, with a credit to create an understandable entry.

Salaries and Wages Expense              1,320 debit

             Salaries and Wages Payable                    1,320 credit

to record accrued salaries for the period

depreciation expense            1,200 debit

            accumulated Depreciation - Equipment 1,200 credit

to record depreciation for the year

Supplies Expense 1,050 debit

              Supplies                       1,050 credit

to record use of supplies for the year

Insurance Expense                  1,490 debit

              Prepaid Insurance                     1,490 credit

to record expired insurance

Unearned Rent Revenue 1,030 debit

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to record accrued rent for the period

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to record unrecorded service revenue

4 0
3 years ago
The Swivel Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production o
ivanzaharov [21]

Answer:

54,000 chairs

Explanation:

The computation of the number of chairs at the beginning of the month is shown below:

Inventory at the beginning of the month = Units completed and transferred  + ending inventory units - Units started

= 180,000 chairs + 21,000 chairs - 147,000 chairs

= 54,000 chairs

We simply applied the above formula to find out the inventory at the beginning of the month

7 0
3 years ago
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Answer and Explanation:

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b. One of the important risk organizations that the project faces is that there is a conflict between the parties concerned. That could affect the project.

c. Technology risks one of the threats, too. Where service outrage interferes with or affects a project.

d. We face the threat of schedule even during the project. Where it's not finishing the project on time. That will improve the company's costs.

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All those risks are normal, Since expense, technology, and manpower are important in any project period. That allows us to finish the tasks and how that affects other factors. It can represent a risk to the project.

There are plenty of risks in the project which are normal to some of them. Measuring all of those threats. We need to audit the project in a timely manner by analyzing the project situation and that we can also do a project performance management to evaluate all the project risks.

Understanding these risks can be a powerful and significant consideration for the company in the strategic preparation of the organisation.

Through taking those risks into account. Organization can accurately foresee the potential problems, the project situations.

It should help the company overcome the problem as quickly as possible. That helps save the business time and costs.

5 0
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Answer:

B: Become more charitable

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Helping others has been proven scientifically to produce better results in humans in all dimensions of their lives.

8 0
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