Answer:
$17,440
Explanation:
Given that,
Outstanding checks in June Bank Reconciliation = $5,540
Checks issued during July = $40,300
Checks cleared in July = $28,400
Amount of outstanding checks:
= Outstanding checks in June Bank Reconciliation + Checks issued during July - Checks cleared in July
= $5,540 + $40,300 - $28,400
= $17,440
Therefore, the amount of outstanding checks on McKeel's July bank reconciliation should be $17,440.
The return on equity of Oscar's dog house is 18.6% (=12.5%*1.49) based on the information shown on the question above. This problem can be solved using the DuPont identity which stated as Return on Equity = profit margin * asset turnover * equity multiplier and in this problem, we do not have the asset turnover ratio. We can make a simple alteration to the formula because of Return on asset = profit margin * asset turnover. Therefore, we will find a new formula which stated as RoE = (Return on asset*equity multiplier).
Answer:
a. greater than $3
Explanation:
If the marginal benefit is greater than the marginal cost, then, a rational person consumes one additonal unit of the product.
In this case, the marginal cost of an additional dozen of donuts is $3, therefore, the marginal benefit has to be greater than $3 for a person to decide to buy it.
Answer: $220
Explanation:
The following information can be derived from the question:
PV = $200
INT = 0.1 or 10%
N = 1 (years)
To calculate the future value of this investment, we will use the formula:
FV = PV( 1 + i)^n
FV = $200(1 + 0.1)
FV = $200(1.1)
FV = $220
The future value of this investment would be $220.
Answer:
Which of the following pathways are considered part of the government and public service cluster?
planning
teaching and training
construction
national security
Explanation: