Answer:
Adjusted balance: 1,801 dollars
Explanation:
Bank statement balance: 1,921
outstanding checks (300)
bank mistake <u> 180 </u>
adjusted bank balance 1,801
Cash account balance: 1,900
service charge (25)
Interest earned 1
car insurance expense <u> (75)</u>
Adjusted Balance: 1,801
We adjust each party for mistake and unknow information.
The bank made a mistake and is unaware of the outstanding checks
Joe didn't know about the insurance amount, the service charge nor the interest thus, it need to record and adjust for this value.
This is done by connecting a device called a modem to the digital computer. This process of converting a digital signal to an analog signal is known as modulation. On the receiving end, the incoming analog signal is converted back to digital form in a process known as demodulation.
Answer:
False
Explanation:
Exchange rate helps to determine the value of money in the foreign currency. If the exchange rate changes from 1.8 to 1.5 francs per dollar it means that the franc per dollar appreciates, and the dollar depreciates. Now, more dollars can be bought by trading Swiss franc compared to the previous rate. A decrease in exchange rate decreases the value of the dollar compared to the Swiss franc.
Answer:
The lease payment will be for $ 113,751.173 during 5 years beginning at the moment the lease is signed
Explanation:
First, we discount the payment at the end of the lease
Maturity $150,000
time 5 years
rate 0.06
PV 112,088.7259
Now we subtract form the 620,000 to know the amount to be perceived form the lease payment:
620,000 - 112,089 = 507.911
Now we solve the PMT which makes the annuity-due of 5 payment at the beginning of the period:
PV $507,911.0000
time 5
rate 0.06
[tex ]507,911 \div \frac{1-(1+0.06)^{-5} }{0.06}(+0.06) = C\\[/tex]
C $ 113,751.173
