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Gre4nikov [31]
3 years ago
12

Discuss the reasons due to which cash book and passbook balances may not match. Is there a method to address the issues related

to these differences other than preparing a bank reconciliation statement?
Business
1 answer:
Phantasy [73]3 years ago
8 0

In a cashbook, all cash transactions or kept inside

In a passbook, in the other hand, all deposits & withdrawals are kept inside.

The difference is that one only focuses on cash, while the other can focus on cash, check, etc. A way to address the issue is to just use one book, which contains every single statement.

hope this helps

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Which economic system best defines: Lowest amount of economic freedom?
Dafna11 [192]

Answer:

command economy

Explanation:

In a command economy, the government is the only determinant of what is to be produced, its quantity, and price.  All the factors of production belong to the government. The government or the central authority creates a central plan that guides all country's economic activities and decisions.

The private sector is absent in a command economy. The government is the only employer. Citizens do not have the freedom to choose what to buy, but rather what is available.

6 0
3 years ago
Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 years,
Nataly_w [17]

Answer:

The annuity will cost him $963,212.95.-

Explanation:

Giving the following information:

Cash flow= $75,000

Interest rate= 0.0525

n= 20

First, we need to calculate the final value. We will use the following formula:

FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

A= annual cash flow

FV= {75,000*[(1.0525^20) - 1]/0.0525} + {[75,000*(1.0525^20)] - 75,000}

FV= 2,546,491.88 + 133,690.82= $2,680,182.70

Now, the present value:

PV= FV/(1+i)^n

PV= 2,680,182.70/(1.0525^20)

PV= $963,212.95

4 0
3 years ago
How do monopolistic competitors try to make their products stand out?
BlackZzzverrR [31]

Answer:

They lower their prices.

Explanation:

As a<u><em> monopoly is stablished</em></u> then the next step is to<u><em> reduce prices </em></u>when competitors try to enter the market so they remain being the company with the biggest<u><em> share of the market. </em></u>

6 0
3 years ago
Use this information to answer the next question. What is the unemployment rate for this nation? All numbers are in millions: Po
Ksju [112]

Answer:

33.33%

Explanation:

Unemployment rate is the proportion of the labour force without a job

Unemployment rate = (number of unemployed workers / total labour force ) x 100

25 /75 x 100 = 33.33%

5 0
3 years ago
For 18 months, Warner-Lambert Co., an American pharmaceutical company, was required to include the following statement in all te
lora16 [44]

Answer:

a. corrective advertising.

Explanation:

Corrective advertising -

It refers to the order by the Federal Trade Commision , where the false claims are rectified , which can mislead the consumers , is referred to as corrective advertising .

Corrective advertising is important method to rectify to any false claims that the goods and services provide to the consumers .

Hence , from the given scenario of the question,

The correct option is a. corrective advertising .

3 0
3 years ago
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