The answer is A. Taxes are lower
Answer:
a. Deposit in transit $5,500.
This is <em>added to the balance on the bank statement</em> because it has already been added to the books of the company but it is yet to be processed by the bank.
b. Bank service charges $25.
<em>Deducted from the book balance</em> because the bank has already deducted this charge from the company's bank account so the company needs to do the same in its books.
c. Interest credited to Horton’s account $31.
<em>Added to the book balance</em> because this is interest earned on the account from the bank. The bank has therefore already added it to the company's bank account and so the company needs to add it to their books.
d. Outstanding checks $7,422.
<em>Deducted from the balance on the bank statement</em> because the company issued a check from their account but it has not be debited from the bank account yet but has been recorded in the books.
e. NSF check returned $377.
<em>Deducted from the book balance. </em>
Answer:
A. By setting it at a specific value based on another currency
Explanation:
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The statement about the relationship between interest rates and bond prices that is true is A. There is an inverse relationship between bond prices and interest rates, and the price of long-term bonds fluctuates more than the price of short-term bonds for a given change in interest rates (assuming that the coupon rate is the same for both).
It should be noted that when there's an increase in the interest rate, the price of bonds will be low. also, a decrease in the interest rate will lead to a higher bond price.
At a particular interest rate, the price of<em> long-term bonds</em> fluctuates more than the price of short-term bonds. It should be noted that the relationship between the bond price and<em> Interest rate</em> isn't direct but rather inversely related.
In conclusion, the correct option is A.
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