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
Pachacha [2.7K]
3 years ago
6

Jason keeps a record of his transactions in a notebook. Looking over his records for the past two weeks, Jason finds that his ba

nk statement does not match his notebook, and he actually has less money than he thought he did.
These are the relevant entries in Jason's notebook:

However, Jason's bank statement says that his ending balance is $473.33. Which of the following is a possible explanation for the discrepancy?

a. Jason actually made two $20 charitable donations but forgot to write one of them down.
b. Jason listed the refund as a credit, but it should be a debit.
c. Jason listed the groceries out of habit, but he did not actually purchase them this week.
d. Jason transposed the digits on the microwave's price, which actually cost $86.74.
Business
1 answer:
shtirl [24]3 years ago
8 0

Answer:

The correct answer to this question is Option D: Jason transposed the digits on the microwave's price, which actually cost $86.74.

Explanation:

The ending balance according to Jason's record is 473.33

But from his transactions we can see the difference in his credit and debit as

= (578.65 + 363.20 + 21.19) - (275.60 + 20.00 + 63.29 + 44.08 + 68.74) =  $491.33

But his bank statement states his balance as: $ 473.33

In his calculation, Jason used $68.74 as the price of the microwave, instead of $86.74.

When we recalculate using the correct price for the microwave, we get:

(578.65+363.20+21.19) - (275.60+20.00+63.29+44.08+86.74) = $473.33 (the figure his bank statement reads)

You might be interested in
What is markerting management
Mnenie [13.5K]
The application, tracking and review of a company's marketing<span> resources and activities. ... Effective </span>marketing management<span> will use a company's resources to increase its customer base, improve customer opinions of the company's products and services, and increase the company's perceived value.</span>
4 0
3 years ago
Identify the correct sentence.
disa [49]
Answer choice D is punctuated correctly due to the use of the long dash between the words year and summer.
8 0
3 years ago
The Holiday Corporation had sales of $450 million this year. Its accounts receivable balance averaged $30 million. How long, on
Zina [86]

Answer:

24.3 days

Explanation:

Calculation for How long, on average, does it take the firm to collect on its sales

Using this formula

Average collection period = (Accounts receivable / Credit sales) * 365 days

Let plug in the formula

Average collection period =$30 million/$450 million *365 days

Average collection period =24.3 days

Therefore How long, on average, does it take the firm to collect on its sales is 24.3 days

8 0
2 years ago
As an alternative to managing stressors, many organizations teach employees to use _____ to counteract the effects of stressors
Korolek [52]

Answer:

relaxation techniques

Explanation:

Many companies know a day teach employees relaxation techniques in order to counteract the effects of stressors. Such techniques can include breathing focus methods, Yoga, Tai Chi, Qigong, Mindfulness Meditation, etc. These all help relax both the body and mind to maintain a healthy balance. These relaxation techniques are extremely popular within the tech industry since many programmers and individuals in this industry work insanely long hours.

8 0
3 years ago
ABC Residential Investors, LLP, is considering the purchase of a 120-unit apartment complex in Steel City, Pennsylvania. A marke
hoa [83]

Answer:

The estimate value of the subject property is $8,269,200

The other information that would be desirable in reaching a conclusion:

The closeness of the property to central business districts as the closer it is the higher the asking price.

The estimate was solely based on revenue, the applicable costs have been ignored.

The average taken might not be a good indication for the subject property because the property might have unique features

Explanation:

The formula for Gross Rent Multiplier is given  Property Price / Gross Monthly Rental Income.

In determining the estimate value of the subject property ,we calculate the gross rent multiplier of the new property,then multiply it  with the annual rental income.

In ascertaining the GRM of the new property we take the average GRM of the two similar properties in the same area.This is because the new property judging from number of units, lies in-between the other two properties.

GRM for Oaks

GRM=$9000000/($550*140)

GRM =116.88

GRM for Palms

GRM=$6,600,000/($650*90)

GRM =112.82

The average GRM=(116.88+112.82)/2

                               =114.85

Subject property price=114.85*(120*$600)

                                     =$8,269,200

4 0
3 years ago
Other questions:
  • Exercise 1-13 Identifying effects of transactions using the accounting equation LO P1 Ming Chen began a professional practice on
    7·1 answer
  • Savings account A and savings account B both offer APRs of 6%, but savings account A compounds interest semiannually, while savi
    15·1 answer
  • Calculate the required rate of return for an asset that has a beta of 1.73​, given a​ risk-free rate of 5.3​% and a market retur
    15·1 answer
  • Complete the following sentence.
    12·1 answer
  • Regarding the tax treatment of payments to securities holders, it is true that _______________, while ____________________.
    8·1 answer
  • Impact on Corona virus as one of the socio-economic issues on business​
    6·1 answer
  • Black Top Express has $1,320 of cash, inventory of $10,200, net fixed assets of $33,600, accounts payable of $3,650, accounts re
    5·1 answer
  • DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive
    8·1 answer
  • An intangible benefit is called a <br><br> a) commodity<br> b) Service<br> c) market<br> d) goods
    15·2 answers
  • Renee is going to buy a new car that has a list price of $19,675. She will be responsible for $1,420 in vehicle registration fee
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!