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3 years ago

11

Which of the following is the best description of reconciling a bank account? A. Comparing your own records to bank records B. A

dding money to your bank account C. Comparing your bank account to your earnings D. Closing your bank account

2 answers:

sasho [114]3 years ago

7 0

Answer:

B

Explanation:

asambeis [7]3 years ago

6 0

Answer:

The answer is the Closing your bank

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Hicks Health Clubs, Inc., expects to generate an annual EBIT of $750,000 and needs to obtain financing for $1,200,000 of assets.

Zepler [3.9K]

Answer:

Hicks Health Clubs, Inc. earnings after taxes will change by minus $10,800 if they choose the more aggressive financing plan instead of the more conservative plan.

Explanation:

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3 years ago

7. Which situation indicates a mixed economy?

STatiana [176]

Answer:

C Services are provided by both private and public sectors.

Explanation:

In a mixed economy, the private sector has the freedom to participate in economic activities, although the government has a role to play. A mixed economy allows the private sector to own the factors of production hence are free to decide what business they wish to run. Consumers have the liberty to select their suppliers. There is competition in the market place as profits motivate entrepreneurs.

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3 years ago

When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.

Elanso [62]

Answer:

The answer is -0.5

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3 years ago

Peerless Corporation (a U.S. company) made a sale to a foreign customer on September 15, for 119,000 crowns. It received payment

Natalka [10]

Answer:

Exchange rate on September 15: 1 Crown = $0.61; 119,000 Crown = (119,000*$0.61) = $72,590.

September 30 = (119,000*0.65) = $77,350.

October 15 = (119,000*$0.60) = $71,400.

JOURNAL ENTRY

Date Account Debit Credit

15-Sep Account receivable $72,590

Sales $72,590

(Sale to a foreign customer for 119,000 crown Exchange rate = $0.61)

30-Sep Account receivable $4,760

Foreign currency exchange gain $4,760

($77,350-$72,590)

15-Oct Foreign currency exchange loss $5,950

Account receivable $5,950

($71,400-$77,350)

Cash $77,350

Accounts Receivable $77,350

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Rashid [163]

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3 years ago