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3 years ago

What is the purpose of balancing or Monitoring your checking account?

1 answer:

8 0

The purpose of checking your checking acct is to make sure no one is stealing your money. People can steal ATM info and withdrawl cash

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Question 8 Presented below are changes in the account balances of Wenn Company during the year, except for retained earnings. In

skelet666 [1.2K]

Solution:

Change in assets= 28,860-17,010+52,010+46,730= 110,590(increase)

Change in liabilities= 32,580-19,620=12,960 (increase)

Change in stockholders equity= 110,590-12,960 = 97,630

Net increase= 97,630

Change in common stock= 63,760

Additional paid in capital= 15,390

Net increase accounted for = 63,760-15,390= 48,370

Increase in retained earnings (net income)= 32560

Compute the net income for the current year.

Net income $32560

7 0

3 years ago

The value and cost of goods are easiest to determine when the goods are a. private goods. b. public goods. c. common resources.

stiv31 [10]

Answer: Private goods.

Explanation:

Private goods are commodities bought by a consumer for personal consumption. It is very easy to determine the cost of private goods as the cost is the price at which it is sold in the market. On the other hand public goods are commodities that everyone enjoys in society that are not necessarily paid for by consumers. Therefore to determine the final cost of public goods is difficult to ascertain.

4 0

4 years ago

What is the typical relationship between time and interest rate?

UNO [17]

The more time the higher the interest rate

8 0

3 years ago

Read 2 more answers

Explain the nature of individual and business decisions which drive the demand and supply of financial capital. specifically, wh

IRINA_888 [86]

Those who provide financial capital must make two major choices: how much money to set aside and how to allocate it among various financial investments.

What kinds of factors will shift the demand and supply of financial capital?

People must consider their future needs to determine how much savings they should set aside for anticipated or unforeseen circumstances. Savings will move their money to Investment B if Investment A becomes riskier or offers a lower return, which will cause the supply curve of financial capital for Investment A to move back to the left while moving Investment B's supply curve to the right. Those that ask for financial resources do so because they intend to repay it in the future. People might, for instance, take out a loan to buy a house, a car, or another type of long-term possession. To create a factory or finance a project that won't pay off for five, ten, or even more years of research and development, a corporation may look for financial investment.

Learn more about demand and supply of financial capital: brainly.com/question/24183446

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7 0

2 years ago

Altug's Coffee Shop decides to install an automatic coffee vending machine outside one of its stores to reduce the number of peo

Trava [24]

Answer:

a. Mean arrival rate = λ = 30

Service rate = μ= 60/1.50 = 40

Average wait time = λ / 2μ(μ - λ)

Average wait time = 30 / 2*40*(40-30)

Average wait time = 0.0375

The average wait time in minutes = 0.0375 hrs * 60 minutes = 2.25 minutes

b. The average number of customers = Lq = λ² / 2μ(μ - λ)

= 30² / 2*40*(40-30)

= 1.125

= 1.13

c. μ = 60 / (1.50−0.5) = 60

Average wait time = λ / 2μ(μ - λ)

Average wait time = 24 / 2*60*(60-24)

Average wait time = 0.0069

The average wait time in minutes = 0.0069 hrs * 60 minutes = 0.414 minutes

The average number of customers = Lq = λ² / 2μ(μ - λ)

= 24² / 2×60×(60−24)

= 0.1333

= 0.133

3 0

3 years ago