1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex
3 years ago
6

You have $135,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $49,000.

Business
1 answer:
cricket20 [7]3 years ago
6 0

Answer:

a. Does this create a disbursement float or a collection float?

A disbursement float occurs when you write a check and hand it out, but the person that receives the check hasn't cashed it yet. You do not owe the money anymore, but it still appears on your bank account.

b. What is your available balance?

your bank account balance = $135,000

c. What is your book balance?

book balance = $135,000 - $49,000 = $86,000

You might be interested in
IBM signs an agreement to lend one of its customers $200,000 to be repaid in one year at 5% interest. IBM would record this loan
Olenka [21]

Answer:

B. Notes Receivable.

Explanation:

Since the company is signed an agreement for lending out of its customers for $200,000 that could be repaid in one year at 5% interest so it is not revenue not note payable and also not account receivable

Therefore it is a note receivable

Hence, the option b is correct

and, the same is to be considered and relevant

4 0
3 years ago
The First National Bank of Nelsonville has no excess reserves when a new deposit of $10,000 is made. The required reserve ratio
victus00 [196]

Answer:

$950

Explanation:

Reserve ratio is defined as the percentage amount of deposit that a bank is instructed by the governing central bank to keep as cash reserve. This is used to control the money supply in the economy as the the check - able amount that are subjected to withdrawal is limited to the funds available after the reserve ratio has been considered.

Workings

New deposit - $10,000

Required reserve ratio - 5%

No existing excess ratio as at the time of deposit.

Reserve ratio - 5%*10000 = 50

Increase in checking account = 1000-50

= $950

8 0
3 years ago
Keenan owns a retail store. He often receives payments from some of his manufacturers to ensure their products are placed in the
Serjik [45]

Answer: Slotting allowances

Explanation:

 The slotting allowances is the term which is used to charge by the manufacturers for the specific products and the services ion the market. It is also known as the slotting fee and the charged allowances is specifically varies or depend upon the specific products and the different marketing conditions.

According to the given question, the slotting allowances is refers as the payment that is made by the producers for ensuring their goods and the services best place.  

 Therefore, Slotting allowances is the correct answer.          

3 0
3 years ago
Production and sales estimates for April for Crane Co. are as follows: Estimated inventory (units), April 1 19,000 Desired inven
melisa1 [442]

Answer:

a. 11,000 units

Explanation:

Particulars                                                               Amount

Expected Sales (units)                                            12,000 [3000+4750+4250]

Add: Ending inventory                                          18,000

Less; Beginning inventory                                      <u>19,000</u>

Number of units expected to be manufactured <u>11,000 </u>

5 0
3 years ago
Other things being equal, an increase in the number of sellers of a good will _____ for that good.
Ahat [919]

Answer:

The correct answer is letter "C": decrease equilibrium price and increase equilibrium quantity .

Explanation:

An increase in the number of sellers in a market of a certain good implies the quantity demanded for that good will increase, thus the equilibrium quantity will be higher. According to the demand law, if the quantity demanded goes up, the price is likely to decrease, so, the equilibrium price will be lower.

Thus, <em>the increase in sellers will raise the equilibrium quantity decreasing the equilibrium price.</em>

5 0
3 years ago
Other questions:
  • Christian brought his proposal to Rita before the meeting saying, "I’m sure you have some ideas on this, and we could try to get
    7·1 answer
  • "Much of the information that allows decision makers to run their organizations effectively in the digital age comes to them in
    5·2 answers
  • Country Comfort Coffee’s strategic management team is reviewing the company’s mission statement—to produce the world’s best-tast
    5·1 answer
  • Lewis Co. sold merchandise to AdCo for $48,000 and received $48,000 for that sale one month later. One week prior to receiving p
    7·1 answer
  • Sam and sadie charge people to park on their lawn while attending a nearby craft fair. at the current price of $10, eight people
    7·1 answer
  • Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 100 units at $60 per unit.
    5·2 answers
  • Swift Company purchased a machine on January 1, 2010, for $500,000. At the date of acquisition, the machine had an estimated use
    9·1 answer
  • On December​ 31, 2014​, Renda​'s common stock sold for per share. At that​ price, how much did investors say​ $1 of the​ company
    12·1 answer
  • Sam received $10.50 in interest after placing money in his bank. if the account paid 4% in simple interest and he only left it i
    14·1 answer
  • How do banks create money? banks create money by ______. a. printing more $20 bills b. making loans c. sending out credit cards
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!