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2 years ago

Flounder Corporation is preparing a bank reconciliation and has identified the following potential reconciling items.

Business

1 answer:

nikklg [1K]2 years ago

5 0

Answer:

Explanation:

The journal entries are shown below:

a. No entry passed

b. Office expense A/c Dr $38

To Cash $38

(Being bank service charges paid)

c. Cash A/c Dr $32

To Interest revenue $32

(Being interest received)

d. No entry passed

e. Accounts receivable A/c Dr $570

To Cash A/c $570

(Being check returned)

The deposit in transit and outstanding checks should not be recorded. So, no entry is passed.

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Antonio has $11.00 to spend on a lunch consisting of hamburgers ($1.50 each) and French fries ($1.00 per order). Antonio's satis

saveliy_v [14]

Answer: $4. 71 hamburger and $6.29 French fries.

Explanation:

Total spendable income of Antonio = $11.00

1 hamburger = $1.50

1 order of French fries = $1.00

Utility maximization function: U(x1, x2) = x1x2 i.e. 1 hamburger and 2 orders of French fries

Using the Utility maximization function: U(x1, x2) = $1.50 + $2.00

= $3.50 per lunch

Therefore the customer will purchase hamburger worth of $(1.50 x 11.00/3.50) = $4. 71

And French fries orders worth of $(2.00 x 11.00/3.50) = $6.29

Antonio will maximize his satisfaction by purchasing $4. 71 hamburger and $6.29 French fries.

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3 years ago

Jan is risk-averse, but wants to earn the best rate of return in less than two years. which investment would most likely meet ja

oksian1 [2.3K]

Jan needs bonds-based mutual funds as an investment in which he wants to earn the best rate of return. It mostly consists of individual bonds wherein it is compiled in a portfolio. A bond fund when then produced incomes from underlying bonds measured in incomes.

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3 years ago

What are doctors paid by in the US and in the UK?

Wewaii [24]

Hope this helped you

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3 years ago

Read 2 more answers

Suppose an airline determines that its customers traveling for business have inelastic demand and its customers traveling for va

ss7ja [257]

Answer:

The correct answer is that the company should charge more to the business travelers and charges less to the vacationers.

Explanation:

To begin with, the concept called ''elasticity'', in the field of economics, refers to the variation that occurs when a change in one variable affects a change in another variable. Moreover, this concept has many applications regarding if the main subject is the supply of a product or the demand of a product.

Secondly, the price elasticity of demand is an elasticity application in economics that establishes the changes that occur to the demand of a product when the price changes. This elasticity could be inelastic or elastic. In addition, if the price elasticity of demand is inelastic then when the price changes the quantity demanded of that product will not change drastically while in the other hand, if the price elasticity of demand is elastic then when the price changes the quantity demanded of that product will change drastically so therefore the consumers reject the change in the price.

Finally, if the company wants to increase its total revenue then it must increase the price that charges to the business travelers and decrease the price that charges to the vacationers.

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2 years ago

An economy begins in long-run equilibrium, and then a change in government regulations makes holding money less attractive. a. (

deff fn [24]

Answer: Demand Curve shifts left

Explanation:

Money is now less attractive to hold so people will demand less of it. This will cause the demand curve in the monetary market therefore to shift to the left.

Shifts in the demand curve for money are usually caused when a non-interest determinant of demand changes such as a decrease in income.

7 0

2 years ago