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Andrej [43]
3 years ago
13

During the month of July, Clanton Industries issued a check in the amount of $767 to a supplier on account. The check did not cl

ear the bank during July. In preparing the July 31 bank reconciliation, the company should:
Business
1 answer:
ipn [44]3 years ago
8 0

Answer:

The Company should deduct the check amount from the bank balance.

Explanation:

Since Clanton Industries had issued a check in the amount of $767 to a supplier on account in which the check did not clear the bank .

Which means in preparing the bank reconciliation, the company should go ahead and deduct the check amount of $767 from the bank balance because the check did not clear the bank which means it is of no use for the check amount to still remain in the bank balance .

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When the central bank acts in a way that causes the money supply to increase while aggregate demand remains unchanged, it is:?
Rudik [331]

Answer:

It is "following an expansionary monetary policy".

Explanation:

When the central bank uses expansionary monetary policy, money supply increases and the  interest rates decreases, this will lead to no change in aggregate demand. It also affects the value of the currency and that is lowering its value but there is improvement in growth of domestic economy.

5 0
3 years ago
Which of the following costs of publishing a book is a fixed cost?
Allisa [31]

Answer:

The correct answer is option d.

Explanation:

The fixed costs incurred in the production process of a good or service is the cost incurred on the fixed factors. These factors cannot be varied in the short run.  

Fixed cost does not depend on the level of output. It does not change with the change in the volume of output.  

In the given example, the cost incurred on the composition typesetting and jacket design for the book does not change with the volume of output. So these costs are the foxed cost involved in publishing a book.

8 0
3 years ago
Read 2 more answers
Which phrase from the paragraph is an example of a metaphor?
Mkey [24]
Youre answer would be B. The beauty of nature, a delicious treat.
4 0
3 years ago
27) if u.s. interest rates fall relative to japanese interest rates and japanese inflation falls relative to u.s. inflation, the
Oduvanchick [21]
The US dollar savings will flow into Japan and put appreciation pressure on the Japanese Yen, resulting in a number of policy choices for Japan: 1, the Japanese central bank will interface the exchange rate between US dollar and Japanese Yen by buying and hoarding US dollars ; 2, the Japanese interest rate will also fall to counter the pressure of currency appreciation; 3, the Japanese central bank could increase monetary supply to deliberately increase inflation pressure.
6 0
4 years ago
For the current year, Harry reported salary and taxable interest income of $50,000. His capital asset transactions during the ye
NeTakaya

Answer:

adjusted gross income = $47,000

Explanation:

ordinary income = $50,000

capital losses = $1,000 - $5,000 = -$4,000

but the IRS limits the amount of capital losses than can offset ordinary income to $3,000 per year. The remaining $1,000 will be carried forward.

AGI = $50,000 - $3,000 = $47,000

3 0
3 years ago
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