If the month-end bank statement shows a balance of $36,000, outstanding checks are $10,000, a deposit of $4,000 was in transit a
t month-end, and a check for $600 was erroneously charged by the bank against the account, the correct balance in the bank account at month-end is : a) $29,400
b) $30,000
c) $30,600
d) $41,400
<h2>Joshua would lose and Sue would benefit from unanticipated inflation.</h2>
Explanation:
Both Joshua and Sue are associated with fixed pension and fixed interest respectively.
Now the value of money goes down due to inflation
So to live as usual, Joshua need to spend some extra money. But considering the fixed income, it's a lose to Joshua
Whereas Sue is associated with fixed interest of mortgage. She is benefited because, though the inflation has changed the value of all other products, but the fixed interest rate does not change.
"Fixed-rate mortgage holders are inflation winners", says "Thoma, professor of economics at the University of Oregon"
Thunderstorms are likely to occur during the afternoon or the evening in which will likely happen during this time because this is where unstable winds enter and moisture from the clouds and rain-- as they are a major component needed in order for a thunderstorm to occur.
