Answer:
97 days
Explanation:
In simple interest method, the interest is calculated by the following formula
I= P x R x T
I= interest
P = principal amount
R =interest rate
T= Time
In this case
I=$16
P=$1500$
R= 4% or 0.04%
T= time
$16= $1500 x 0.04 x Time
$16 =60 x Time
Time = 16/60
time = 0.2666 year.
time in days =  0.26666 x 365 days
=97.333 days
=97 days
 
        
             
        
        
        
Answer:
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.  
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly. 
The journal entries are shown below:
a. No journal entry required
b. Miscellaneous expense A/c Dr $16
         To Cash A/c                                      $16
(Being service charges is paid)
c.  Cash A/c Dr $9                      ($476 - $467)
            To Utilities expense A/c $9
(Being correction is recorded)
d. No journal entry required
The preparation of the  bank reconciliation statement is presented in the spreadsheet. Kindly find the attachment below:  
 
        
             
        
        
        
Answer:
3
Explanation:
Data provided in the question:
Sales for the last four months :
8, 10, 15, and 9 units
Last four forecast of sales:
9, 11, 8 and 12 units
Now,
The mean absolute deviation (MAD) value of these forecast will be calculated as:
MAD = [ ∑|Sales - Forecast sales| ] ÷ [ Total number of forecast ]
or
MAD =  [ |8 - 9| + |10 - 11| + |15 - 8| + |9 - 12| ] ÷ 4 
or
MAD = [ 1 + 1 + 7 + 3 ] ÷ 4 
or
MAD = 12 ÷ 4 
or
MAD = 3
 
        
             
        
        
        
I think it’s the continual system