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adoni [48]
3 years ago
14

Prepare a bank reconciliation as of October 31 from the following information:

Business
1 answer:
kakasveta [241]3 years ago
3 0

Answer:

              Bank Reconciliation Statement as of October 31

Particulars                       Amount    Particulars                     Amount

Balance as per bank          $350      Balance as per books    $806

Add: Late deposit               $433      Less: Returned checks   $80

Less: Outstanding check    $66       Less: Error recordings    $9

          ($24+$42)                                           ($65-$56)

Reconciled Balance           $717        Reconciled Balance       $717

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During a presidential campaign, the incumbent argues that he should be reelected because nominal GDP grew by 12 percent during h
bearhunter [10]

Answer:

Grew by 2%

Explanation:

Given: nominal GDP =12% positive value cause it grew by 12% during these years.

              Population grew by 4%

              GDP deflator = 6% positive value cause it also grew by 6%

Question says we must find real GDP per person for the 4 year term that the president has served for so we will use the formula to calculate GDP Deflator to actually solve for Real GDP as we know the formula is GDP Deflator= (nominal GDP per person%)/(Real GDP per person%)x100

So we already have the nominal GDP and the GDP deflator therefore we substitute to the above formula:

6% = (12%)/ (Real GDP per person percentage) x100, and now we solve for Real GDP per person%

Therefore we multiply both sides with Real GDP percentage and get:

Real GDP per person %( 6%) = 12% and then we divide both sides with 6%,

Therefore Real GDP is 2% so we also see that real GDP has actual grown by 2% because the GDP deflator grew instead of decreasing where nominal GDP is also positive so if we have a fraction where an answer is positive we know both fraction values must be positive pus if the GDP deflator increases both nominal and Real GDP increase and that’s the relationship they have.

4 0
3 years ago
Billy accepted a job at a company that specializes in providing money for short-term retail lending. where did he go to work?
Harlamova29_29 [7]
A credit card company
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3 years ago
new york city is the most expensive city in the united states for lodging the man hotel room rate is $204 per night . assume the
Novay_Z [31]
64% (225-204)/55 = .38 …. Z table = .35971 (1-.35971) = .64 = 64%. I’m about 90% confident that’s the right answer
6 0
3 years ago
Type the correct answer in the box. Spell all words correctly. Whar happens to you tax liability with proper financial planning?
Shalnov [3]

Answer:

Minimize

Explanation:

With proper planning, you can minimize your tax liability which means owe less taxes at the end of the year if you are smart about what purchases you make and when you make it and such which falls under proper finanicial planning.

6 0
3 years ago
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Why would having a lower opportunity cost for producing one item give you a comparative advantage over another?
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Because if you chose the one with the higher opportunity cost you are wasting resources while you could be doing something more effective instead.
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