1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stiv31 [10]
3 years ago
6

During the current month, the Acme company had receivables of $16,590. It also had outgoing expenditures of $12,730. The company

incurred a bank charge of $12.50 for a wire transfer, and the bank paid them interest of $2.37. How much should its balance have changed during this month?
Business
1 answer:
andreyandreev [35.5K]3 years ago
6 0

Answer:

$3,849.87

Explanation:

The change in balance is the net of the receipts and the payments.

The receipts include the receivables and the interest paid by the bank while the payments include the outgoing expenditure and bank charge.

Balance change

= $16,590 - $12,730 -$12.50 + $2.37

= $3,849.87

You might be interested in
"in a small european​ country, it is estimated that changing the level of capital from​ $8 million to​ $10 million will increase
lawyer [7]
I think it’s 12mill I think
6 0
3 years ago
Which is the primary source of revenue for the federal government
soldier1979 [14.2K]

The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees.

8 0
3 years ago
How can Jude, a high-end automobile dealer, decide whether to grant one of his potential customers credit?
morpeh [17]

Answer:

B.check with a credit and information management company

5 0
2 years ago
Assume that Jordan ​Enterprises's radio broadcast license is renewable at the end of each 10​-year term and management has provi
yan [13]

Answer:

Jordan Enterprises

1) The impairment loss = $110,000.

2) Journal Entry to record the impairment loss:

Debit Broadcast License Impairment Loss $110,000

Credit Accumulated Impairment Loss $110,000

Explanation:

a) Data and Calculations:

Broadcast license original cost (book value) = $786,000

Market value of similar broadcast license =       676,000

Impairment loss =                                                $110,000

b) US GAAP defines impairment loss as the decrease in an asset's net carrying value.  This means that impairment loss arises when the book or net carrying value is greater than the future estimated cash flows or the market value of the asset.

8 0
3 years ago
Sally’s parents deposited $15,000 into a college savings account on her third birthday. The account had an interest rate of 9.6%
kozerog [31]

Answer:

The correct option is yes,the $15,000 will double each 7.5 years.In 15 years ,it will double twice.

Explanation:

The 72 rule stipulates that the number of years it would take an investment to achieve accumulate a certain amount- future value, can be computed by dividing 72 by the interest rate earns by the investment

N, the number of years=72/9.6

                                      =7.5 years

Invariably,in 7.5 years' when Sally would have been 10.5 years(3 years now+7.5 years) the investment would have doubled.

By another 7.5 years when Sally would have been 18 years(10.5 years +7.5 years), the investment would have doubled twice.

The 72 rule is fast-track approach to calculating the duration of an investment.

7 0
2 years ago
Read 2 more answers
Other questions:
  • A college student plans to spend the Friday evening watching movies rented from Red Box. The price of each movie is $1. Suppose
    15·1 answer
  • Which of the following is not considered one of the potential biases in calculating the consumer price​ index? A. New product bi
    13·1 answer
  • one reason a company might prefer FDI over exporting. presence or threat of trade barriers costs of acquiring a foreign enterpri
    5·1 answer
  • In a marketing context, customers seek a fair return in goods and/or services for their hard-earned money and scarce time. They
    14·1 answer
  • Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year:
    8·1 answer
  • The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:Cash a
    14·1 answer
  • Name one of the three different levels at which an organization can be diagnosed?
    12·1 answer
  • How is the noncontrolling interest in a subsidiary company calculated as of the end of a reporting period?
    12·1 answer
  • From routine tasks to high-level command positions, police agencies can use ______________employees in management and administra
    11·1 answer
  • which among these is not a key skills in management .(a) technical skills (b) human skills (c) writing skills​
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!