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Veseljchak [2.6K]
4 years ago
8

Kevin has had a checking account for a month. As he reconciles his account, Kevin notices that the dates on his check register d

o not match the dates on his account statement. He immediately calls the bank to find out what the problem is. What is the bank's likely response to Kevin?
Business
1 answer:
Aloiza [94]4 years ago
3 0
We are very sorry we will need proof of your purchases that month so we can change it. When can you make an appointment with us.
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On December 31, 2016, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,800. The company e
Jobisdone [24]

Answer:

$52,100

Explanation:

Given that,

Larry's Used Cars' first year of operations, the accounts receivable = $53,800

Company estimates that year-end receivables will not be collected = $1,700

Accounts receivable in the 2016:

= First year accounts receivables - Year end receivables not collected

= $53,800 - $1,700

= $52,100

Therefore, the accounts receivables in the 2016 balance sheet will be valued at $52,100.

8 0
3 years ago
Suppose you invest 60% of your portfolio in campbell soup and 40% in boeing. the expected dollar return on your campbell soup st
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<span>Boeing stock has increased to about 41.4% while Campbell soup has decreased to about 58.5%. This is because Boeing's rate of return was significantly higher than Campbell's soup, therefore with the returns added in, the portion of the portfolio that is invested in Boeing has increased.</span>
4 0
4 years ago
The following credit sales are budgeted by Novak Corp.: May $580700 June 854000 July 1195600 August 1024800 The company’s past e
Andru [333]

Answer:

The anticipated collections for August are $1024800

Explanation:

Based on the past experience part, the cash inflows for August will include 8% of June's sales collection, 20% of July's sales collection and 70% of August's sales collection.

Thus, the anticipated collection for August will be:

  • 8% of June' sales = 854000 * 0.08 = 68320
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  • 70% of August sales = 1024800 * 0.7 = 717360

Total anticipated collection-August = 68320 + 239120 + 717360 = $1024800

8 0
3 years ago
this is the percentage of each dollar of income, on average, that is spent for current needs and wants, rather than saved.
Finger [1]

Average propensity to consume (APC) counts how much money is spent each year versus saved.

What is Average propensity to consume (APC)?

Average propensity to consume (APC) counts how much money is spent each year versus saved. This might be done by a single person who is curious about where their money is going or by an economist who is interested in tracking the spending and saving patterns of a whole country. In all scenarios, the tendency to consume can be calculated by dividing average household spending by average household income. A high average propensity to consume is typically advantageous for the economy from a larger economic perspective. When customers have a high propensity to consume, they save less and spend more on products and services. This rising demand fuels economic development, corporate growth, and widespread employment.

To learn more about Average propensity to consume (APC)
brainly.com/question/15366238


#SPJ4

Complete Question

7 0
2 years ago
Egypt, whose economy has been struggling since 2011, recently received a $12 billion loan from what 189-member global organizati
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It is the IMF or <span>The </span>International Monetary Fund<span> approved a $12 billion loan for </span>Egypt<span> on Friday, in a move intended to stave off economic collapse in the Arab world’s most populous nation as it grapples with a plunging currency, soaring inflation and shortages of staple foods</span>
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3 years ago
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