Bank balance and check book balance should always be the same but in case if there is some differences, it might be possible that certain amount is not recorded or missed either by bank or check book balance, hence the books should be reconciled.
The reconcile statement above should be:
Balance as per bank statement:
Add: Deposits in transit:
Less: Outstanding checks recorded in check book and not recorded in bank book.
Reconcile balance in the books of bank.
The image attached shows the reconciliation .
Balance as per cash book:
Less: Service charge deducted by bank but not recorded in check book
Add: Interest earned not recorded in check book
Reconcile Balance as per cash book.
The image is attached.
Answer:
A) Product Market Stakeholders
Explanation:
Product Market Shareholders are the parties who the firm "Equal Exchange" shares its industry with including customers and suppliers
Equal Exchange's target group are customers and suppliers most importantly.
Among the choices, letter A. trunk lift can be done with a partner. Trunk rotation and sit-and-reach can be done alone. When doing trunk lift, you can't measure alone on how far you have reached. Your in laying position where you are facing down. Your two hands are pressed under your legs.
Answer:
It will take 14 quarters (3.5 years) to reach $44,622.09 from $35,000 at an interest rate of 7% compounded quarterly.
Explanation:
Giving the following information:
PV= 35,000
FV= 44,622.09
i= 0.07/4= 0.0175
We need to calculate the number of quarters required to reach the objective. We will use the following formula:
n= ln(FV/PV) / ln(1+i)
n= ln(44,622.09/35,000) / ln(1.0175)
n= 14
It will take 14 quarters (3.5 years) to reach $44,622.09 from $35,000 at an interest rate of 7% compounded quarterly.
Money supply = Currency in circulation + Checkable deposits.=600 + 900 = 1500 Billion
Current deposit ratio = Currency in Circulation/ Checkable deposits. = 600/900 = .667
Excessive reserve ratio = Excess Reserves/Checkable deposits.= 15/900 = .0167
Money multiplier = (1 + C)/(rr + ER + C)= (1 + .667)/ (.0278 + .0167 + .667) = 2.343
