<span>This is called the "post-hoc fallacy" Imeaning after the fact and therefore because of the fact). It suggests that because something happened after a particular event, it must have been caused by that event. This is faulty logic unless a cause-and-effect relationship has been demonstrated to exist.</span>
Answer:
$20,665
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items. These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
To reconcile the two balance moving from the bank statement balance to the cash account balance;
The amount of outstanding checks on Harris Company's June bank reconciliation is the net to amount of checks cleared and the total of checks written. This amount
= $4,948 + $41,405 - $25,688
= $20,665
The Company's customers of $348 was also returned marked "NSF is a part of the outstanding checks.
Answer:
Cyclical unemployment
Explanation:
The process of this happening is known as Cyclical unemployment. This is something that is common in every country around the world and tends to happen due to many reasons. Each countries economic cycle is different and follows different ranges. The United States Economic Cycle tends to happen roughly every 8 years, although this is not 100% guaranteed. When it does happen Stock Markets tend to crash which is what causes a chain reaction that leads to unemployment rises and businesses producing less and less as there is less consumer spending.
Answer:
The level of private saving in Centralia is $7 trillion.
Explanation:
The economy of Centralia has no trade and no government.
The level of GDP is given as $25 trillion.
Consumer spending is $18 trillion.
The level of private savings, in this case, will be the difference between the GDP or total income and consumption spending.
Private savings
= $25 trillion - $18 trillion
= $7 trillion
