Answer:
Adjusted Cash Balance at 31 August 2022 = 9654
Explanation:
Bank Reconciliation Statement at August 31, 2022
Cash Balance as per Bank August 31, $7338
Add: Deposit in Transit $3010
<u>Deduct: Outstanding Checks ($694 )</u>
<u>Adjusted Cash Balance $9,654</u>
<u />
Cash Balance as per books, August 31, $7374
Add: Receivable collected by bank $2326
<u>Less:Bank Service Charges ($46) </u>
<u>Adjusted Cash Balance $9,654 </u>
<u />
Answer: $6581.58
Explanation:
Based on the information given in the question, the mortgage payment per month will be calculated thus:
= [P x I x (1+I)^N]/[(1+I)^N-1]
where,
P = Principal = $750000
I = Interest rate per month = 10%/12 = 0.10/12 = 0.008333
N = number of installments = 30 × 12 = 360
Then, the equated monthly installment will be:
= [750000 × 0.008333 × 1.008333^360] / [1.008333^360-1]
= [750000 × 0.008333 × 19.8350386989] / [19.8350386989 - 1]
= 123964/18.835
= 6581.58
Under this loan proposal, your mortgage payment will be $6581.58 per month.
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Indra is using counterfactual thinking to discover alternatives for a past unexpected outcome the next step for her is to identify other factors that may serve as hindrance and need to be overcome.
<h3>What is counterfactual thinking?</h3>
Counterfactual thinking is done when an individual needs alternative methods or way to do a thing that has been done.
The initial method may not be as productive as the individual expected.
This will make an individual think of all the factors that may have hindered the desired result.
Therefore, Indra is using counterfactual thinking to discover alternatives for a past unexpected outcome the next step for her is to identify other factors that may serve as hindrance and need to be overcome.
Learn more on Counterfactual thinking below
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