I would say the answer is D. I’m not 100% sure but that seems to make the most sense.
Answer:
Option (3) $1,245
Explanation:
Data provided in the question:
General ledger checking account balance = $1,360
Bank balance on bank statement = $1445
Deposits in transit = $150
Outstanding checks = $350
Bank statement service charges = $30
NSF checks = $85
Now,
The Correct cash balance will be
Bank balance on bank statement $1,445
Add : Back deposits in transit $150
Subtract : Outstanding checks $350
----------------------------------------------------------------------------------------------------
Correct balance $1,245
Hence,
Option (3) $1,245
Answer: True
Explanation: A mutual fund is a collective pool of funds provided by a group of individuals to money managers for investment in various securities such as stocks and bonds.
Due to it's collective nature, every shareholder or investor benefits and loses in equal portion - and the expenses of the mutual fund are shared in the expense ratio.
Because the funds are invested into stocks, bonds and other securities, they usually have a lower risk than individual stocks or bonds.
The answer to the given question above would be option B. If a <span>ew hospital needs a computer that can support hundreds of users, the classification of computer that the hospital needs is a mainframe computer. The level of reliability of this type of computer is very high because of their storage. Hope this helps.</span>
