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3 years ago

When reconciling or balancing your checking account, which of the following correctly describes the math?

Business

1 answer:

Rainbow [258]3 years ago

8 0

Answer:

B) add deposits, subtract withdrawals and fees

Explanation:

A checking account is a deposit and saving account held in a financial institution, mostly a bank. The user or owner of the checking account is allowed to deposit and withdraw money as frequently as they deem necessary without incurring access fees.

Money held in a checking account is accessible using different ways, including debit cards, ATMs, and over the counter. When reconciling a checking account, one needs to subtract the sum of "money out" from "money in. "

"Money in" comprises mostly of deposits. "Money out" is the total of withdraws plus other bank charges levied to the account.

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Incidents and diseases, although normally considered confidential, that must be reported to federal, state, or local agencies co

denis23 [38]

Incidents and diseases, although normally considered confidential, that must be reported to federal, state, or local agencies come under the heading of Mandatory disclosure.

Mandatory disclosure requires each party in the dissolution of a marriage to disclose records that paint an accurate portrait of each party’s finances. This requirement ensures the judge divides assets between the two parties fairly and equitably. If one party requests support from the other, the judge will also need a clear picture of the parties’ finances so he or she may calculate a fair award.

If one party requests support from the other, the judge will also need a clear picture of the parties’ finances so he or she may calculate a fair award. At WiseLieberman, PLLC, our Boca Raton divorce lawyers ask clients to provide us with the required financial documents so are able to better help them throughout the property division proceedings. Armed with the appropriate information, our lawyers have better insight into a couple’s financial situation and take the necessary steps toward a favorable outcome.

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4 0

2 years ago

You invest $600 in security A with a beta of 1.5 and $400 in security B with a beta of 0.90. The beta of this portfolio is _____

klio [65]

Answer:

Beta= 1.26

Explanation:

<u>First, we will calculate the proportion of the portfolio of each security:</u>

Security A= 600/1,000= 0.6

Security B= 400/1,000= 0.4

<u>Now, the beta of the portfolio:</u>

Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B)

Beta= (0.6*1.5) + (0.4*0.9)

Beta= 1.26

7 0

3 years ago

Approximately what percentage of meals are eaten away from home in the United States? a) 20% b) 30% c) 40% d) 50%

salantis [7]

C . Depending on how many siblings there are

7 0

3 years ago

Tax return preparers may generally rely on a client's representations without verification unless:

Valentin [98]

Answer:

Tax return preparers may generally rely on a client's representations without verification unless the information seems incorrect, inconsistent, or incomplete, Option A.

Explanation:

A "tax return preparer" usually relies in good faith without verification upon information furnished by a taxpayer or another advisor or third party. But he has the authority to make inquires in case he feels the information given is incomplete or inconsistent. Also, some of the provisions also require few circumstances or facts to be claimed before deduction is made. So, A tax return preparer should make relevant inquiries to decide if the information given is correct as required by an "Internal Revenue Code" section or a regulation to claim either a deduction or a credit.

4 0

3 years ago

Suppose a decrease in consumer confidence has caused aggregate demand to shift from AD to AD1.

Romashka-Z-Leto [24]

Based on the shift of aggregate demand from AD to AD1, the aggregate demand would have changed by -$30 Billion.

The expenditures multiplier based on the MPC is 5.

The investment needs to change by $6 billion.

To get to the required investment demand, the Fed needs to change rates from 10% to <u>7%</u> and would need to adjust the money supply by $20 billion increase.

<h3>What is the change in aggregate demand?</h3>

This can be found as:

= ADI - Real GDP at AD

= 90 - 120

= -$30 billion.

<h3>What is the expenditure multiplier?</h3>

This can be found as:

= 1 / ( 1 - MPC)

= 1 / (1 - 0.8)

= 5

<h3 /><h3>What should the investment change by?</h3>

Investment demand should change by:

= Shortfall in GDP / Multiplier

= 30 / 5

= $6 billion

<h3>What interest rate should the Fed implement to the investment level required?</h3>

Investment amount required:

= Current investment + Required investment

= 10 + 6

= $16 billion

Rate needs to become 7% according to graph.

<h3>How much should money supply be adjusted?</h3>

In order to get to the desired 7%, the money supply needs to increase to $50 billion. The adjustment is:

= New level - Current level

= 50 - 30

= $20 billion

Find out more on Money supply at brainly.com/question/3625390.

4 0

2 years ago