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valentina_108 [34]
3 years ago
15

7. A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430. This item would be include

d on the bank reconciliation as a(n)
Business
1 answer:
Jet001 [13]3 years ago
3 0

Answer:

The item would be included in the bank reconciliation as an addition to the balance as per the records of the company.

Explanation:

Bank reconciliation is the procedure in which the balances of the entity accounting records for a cash account to the corresponding information on a bank statement is matched.

In this case, as the check is drawn by the company which means that the same amount is to be deducted from the company books but the amount of $430 got deducted which is a wrong amount as the actual amount is $340, so the amount to be added back to the balance as per company records.

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Determine whether each of the following events causes a shift of a curve or a movement along a curve in the short run. Indicate
Over [174]

Answer:

A. The Supply Curve shifts Right.

As American Producers are paying less in dollar terms, their costs of production will reduce. The reduction in Cost of Production will spur producers to produce even more because inputs are cheaper and more will be bought and processed and so the Supply will increase and shift the Supply Curve left.  

B. Aggregate Demand Curve shifts Right.

As a result of more money being in the Economy, more people will want to lend out the excess cash they have to earn some interest on it. This will reduce the cost of borrowing and will therefore spur people to borrow more to be able to afford things they want. With the people having more money, they will buy more things therefore upping Demand. The Demand Curve will shift to the Right as a result.

C. Supply Curve shifts Left

Wages are an input into Production. Should they increase that would mean that the cost of Production has risen as well for Producers. They will respond by reducing the amount of goods they produce so as to maintain Profitability and reduce those costs. This will cut supply and shift the Supply Curve to the left.

D. Movement along Short Run Aggregate Demand Curve

Aggregate Demand Curve is constructed based on the demand of the Economy at different prices levels. Should the Price Level decrease it is simply a movement along the Aggregate Demand Curve.

4 0
3 years ago
Select the correct answer.
irga5000 [103]
$60, because 4 percent of 300 is 12, and 12*5 years is $60 earned through interest.

The answer is 60.
5 0
3 years ago
Read 2 more answers
If a country increases the amount of goods it imports but its exports remain unchanged:
yarga [219]
<span>a) AD shifts left. since we would be spending more but not making more</span>
6 0
3 years ago
Question 1
eimsori [14]

Answer:

Explanation:

I think it's A.

You should always question the source. You might be lucky and discover what they've not said about their product. Or you may discover it is simply not true.

A few years back (many in fact), there was a product on the market call Laetrile. It was produced from peach pits. It has an overwhelming popularity that Sloan Kettering (the Cancer Clinic in New York -- the oldest and largest one in the world), spent some of their needed grant money  to test Laetrile. The results -- nothing. Imagine what happened to those who marketed this product.  Word got around. People with Cancer are pretty desperate. They and their loved ones will try anything.

But the facts on the internet help to dispel this kind of thing.

5 0
3 years ago
Select the correct answer. Which pricing strategy do companies often use for luxury products? A. price skimming B. premium prici
wariber [46]

The pricing strategy that companies mostly use for luxury products is "Premium pricing".

Explanation:

  • Premium pricing is a type of pricing strategy by which a high rate is fixed for a high quality product produced by that company.
  • Premium pricing is also known as Prestige pricing.
  • Rate and cost of most of the luxury and high quality product produced by a company will always tend to be higher in order to make sure that the company doesn't face any loss, On the other hand premium pricing is the key strategy for producing higher profit for a company.
  • On the other it increases the brand value of that company and make them look significant based on their quality of product produced.
7 0
3 years ago
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