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nataly862011 [7]
3 years ago
7

How to work out opening balance?​

Business
2 answers:
vredina [299]3 years ago
8 0

Answer:

...

Explanation:

Marrrta [24]3 years ago
5 0

Answer:

Opening Balance (what you have in bank at the start) plus Total Income (what money comes in) minus Total Expenses (what money goes out) equals Closing Balance (what money you have left). The Opening Balance is the amount of cash at the beginning of the month (1st day of month).

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___ comes from increases in the money supply.
vagabundo [1.1K]

Answer:

Consumer Price Index (CPI)

Explanation:

1- By definition CPI is the weighted average of a consumer's basket volume for any purchase service or good. When money supply increases, GDP increases, and the spending of a customer increases. Hence resulted in increased CPI.

2- Interest rate decreases when money supply increases

3- Inflation is by definition a steady increase in the money supply if a country. So one can be replaced by another. Inflation does not come from money supply increase, it is in fact money supply increase

8 0
3 years ago
Read 2 more answers
A net worth statement, financial goals, and a budget are all part of a _____.
Gemiola [76]
A net worth statement, financial goals, and a budget are all part of a financial plan.
5 0
3 years ago
Students in Mr. Jaspers fourth grade class have their special classes on different days. Use the clues below to discover which d
sleet_krkn [62]

Answer:

music, art, library, Spanish, pe

Explanation:

music has to be first because it isnt mentioned after anything. then art because its before library, then library because its after art but before pe, then Spanish because its after music but the day before pe, then pe because it's the day after spanish

7 0
3 years ago
Which of the following statements is true?a. Using accelerated depreciation rather than straight line would normally have no eff
IRISSAK [1]

Answer:

The correct answer is letter "A": Using accelerated depreciation rather than straight line would normally have no effect on a project's total projected cash flows but it would affect the timing of the cash flows and thus the NPV.

Explanation:

Accelerated depreciation is a form of accounting and taxation used in the first years of an asset to allow greater deductions. On the other hand, the deductions are distributed evenly throughout the life of the asset using the Straight-line Depreciation method. Accelerated depreciation facilitates higher expenses to be incurred during the first years of an asset while in use, and lower expenses years later, as long as the asset depreciates.

In that sense, when it comes to the total projected cash flow of a company on a project, neither the accelerated depreciation or the straight-line method would affect it but both of them have impact on the timing of the cash flows since accelerated depreciation demands higher expenses since the beginning of the possession of the assets while the straight-line method keeps the expenses steady. Both, also affect the net present value (NPV) of the company since with the accelerated depreciation the cash flow will be less and with the straight-line method it should be constant.

7 0
3 years ago
The following information pertains to Oro Corp.: Credit sales for the year ended December 31 $450,000 Credit balance in allowanc
kkurt [141]

Answer:

A. $6,300

Explanation:

The computation of the ending balance of uncollectible account is shown below:

= Opening balance of the uncollectible accounts + uncollected amount - bad debt written off

where,

uncollected amount = Credit sales × given percentage

                                  = $450,000 × 3%

                                  = $13,500

The other item values would remain the same

Now put these values to the above formula  

So, the value would equal to

= $10,800 + $13,500 - $18,000

= $6,300

8 0
3 years ago
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