Answer:
$2,625
Explanation:
Interest is calculated using the formula
I = p x r x t
For Galindo family
I= interest,
P = principal amount : $10,000
r= Interest rate: 7.5 % or 0.075
t= times in years : 3.5 years( 42 months /12)
I= $10,000 x 0.075 x 3.5
I=750 x 3.5
I=$2,625
Answer:
b)Timing differences between the bank statement and the depositor's records are reflected in the bank reconciliation.
c) The bank reconciliation is useful in proving the accuracy of the Cash account in the general ledger.
d) We must reconcile the balance of the bank's records and the Cash account in the general ledger and explain or account for any differences in the two
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
Answer and Explanation:
The computation of the ending inventory for the year 2021, 2022 and 2023 is shown in the attachment below
It is to be divided into two parts
1. Inventory converted to the base year in which the base year is considered by taking the cost index
2. Inventory converted to cash in which the inventory converted to the base year, cost index is considered so that the inventory converted to cash could come plus the value of the inventory using the LIFO method also comes
The answer is c. the information sent by a surce to a receiver during the communication process.
A message refers to the information sent by a source to a receiver during the communication process.
Answer:
d) over the past 6 years, zoned farming has remained consistent, zoned commercial has decreased, and zoned residential has increased.
Explanation:
<em>I have attached the graph.</em>
As seen on the graph, it is clear that "zone farming" has<em> remained constant</em> at 5% over the past 6 years<u> (2002-2008)</u>. "Zone commercial," on the other hand, has decreased by 10% and "zoned residential" has increased by 10%.
So, this makes choice d as the answer.
