There are actually two makers, and they both agreed to a one dollar salary a year.
I believe the answer is D. Hiring employees.
Hope that helped.
Answer:
The correct answer is Future value with compound interest and $478.25.
Explanation:
According to the the scenario, the given data are as follows:
Present value (PV) = $400
Rate of interest = 6%
Rate of interest ( compounded quarterly) (rate) = 1.5%
Time period = 3 years
Time period ( compounded quarterly) ( Nper) = 12
So, we have to calculate Future value with compound interest because it is asking for a amount after 3 year.
So, we can calculate the future value by using financial calculator.
The attachment is attached below.
So, FV = $478.25
Answer:
A. Interest earned on the depositor's account
B. Deposit in transit and Note collected by the bank for the depositor
Explanation:
In Financial accounting, bank reconciliation can be defined as an evaluation which give a complete details of the financial items responsible for any difference between the balance of the cash account in the balance sheet and the cash balance reported in an entity's bank statement. These reconciliations should be done at regular intervals so as to ensure a balanced record of the cash account are kept by an organization or firm.
Adjusted balance ends the bank section of a bank reconciliation. Thus, in the event of any fraudulent behavior by an employee, the bank reconciliation would detect any anomaly or financial fraud in the organization.
In a nutshell, after a reconciliation of the bank statement, the adjusted bank balance should be equal to the company's ending adjusted cash balance on the balance sheet.
The items that would be added to the book balance on a bank reconciliation include the following;
A. Interest earned on the depositor's account.
B. Deposit in transit and Note collected by the bank for the depositor.
