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svetoff [14.1K]
3 years ago
13

"Which one of the following items requires an adjustment on the bank side of the bank reconciliation?

Business
1 answer:
ale4655 [162]3 years ago
5 0

Answer:

Deposits in transit

Explanation:

A company's deposit in transit is the currency and customers' checks that have been received and are rightfully reported as cash on the date received, and the amount will not appear on the company's bank statement until a later date. A deposit in transit is also known as an outstanding deposit.

When there is a deposit in transit, the amount should be listed on the company's bank reconciliation as an addition to the balance per bank.

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Jahwana works for a large corporation with a 401(k) retirement plan. The company matches dollar for dollar the first 5% of the e
Gre4nikov [31]

Answer:

$8,000

Explanation:

Jahwana earns $40,000:

her 401k contributions = 15% x $40,000 = $6,000

Jahwana's employer contributes $1 per $1 that she contributes but only up to 5%, so her employee's 401k contribution = 5% x $40,000 = $2,000

total annual contribution = $6,000 + $2,000 = $8,000

7 0
3 years ago
Read 2 more answers
A semi-annual coupon bond has MacD of 26.7 years, yield-to-maturity of 4.2%, and price of $1189.29. What is its DV01? Answer in
Drupady [299]

Answer:

92+

Explanation:

3 0
3 years ago
Wilson Dover Inc. The total value (debt plus equity) of Wilson Dover Inc. is $500 million and the face value of its 1-year coupo
Nutka1998 [239]

Answer:

7.42%

Explanation:

Value = 500 million

Amount of debt = 200 million

Time = year

Volatility = 6%

Risk free rate = 0.05

Nd1 = 0.9720

Nd2 = 0.9050

We have to calculate the value =

500 - (500 x 0.9720 - 200 x e^-0.05 x 0.9050)

= 186.17 million

We now calculate the yield

(200/186.17)^1 - 1

= 0.0742

= 7.42%

6 0
3 years ago
The equilibrium interest rate a. equates the aggregate demand for funds with the aggregate supply of loanable funds. b. equates
FromTheMoon [43]

Answer:

The correct answer is option a.

Explanation:

The equilibrium interest rate is determined by the interaction of aggregate demand for loanable funds and aggregate supply of loanable funds. In other words, at the level of equilibrium interest rate, the aggregate demand for loanable funds is equal to aggregate supply of loanable funds. Any change in these two variable causes the equilibrium interest rate to change.

7 0
3 years ago
You were planning to spend Saturday working at your part-time job, but a friend asks you to go skiing.Which of the following are
stich3 [128]

Answer:

a.The rental of any ski equipment you need.

b.The cost of a lift ticket.

d. The wages you forgo by going skiing.

Explanation:

The true cost in this case can also be called the opportunity cost of going skiing and it is defined as the total cost required in order to achieve the aim of going skiing.

The rental of any ski equipment you need, the cost of a lift ticket and the wages you forgo by going skiing are all included in the true cost of going skiing.

8 0
3 years ago
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