Answer:
Explanation:
Bank reconciliation
Unadjusted book balance 16,216
Add: Debit memo for service 10
Less: Credit memo for int. earned 6
True cash balance 16,220
Unadjusted book balance 15,119
Add: Outstanding check 3,276
Less: Deposit in transit 2175
True cash balance 16,220
Answer: $81000
Explanation:
The capital account, in international macroeconomics, is a component of the balance of payments which records all transactions made between entities/parties in one country with entities in the rest of the world. These transactions consist of imports and exports of various goods, services, capital, and as transfer payments such as foreign aid and remittances. The balance of payments is composed of a capital account and a current account. Although, a narrower definition breaks down the capital account into a financial account and a capital account.
The capital account in accounting shows the net worth of a business at a certain point in time. It is also known as owner's equity for a sole proprietorship or shareholders' equity for a corporation, and it is reported in the bottom section of the balance sheet.
The capital account balance would be equal to the sum of cash deposit and net income minus drawings made.
Capital account balance= Cash deposit + Net income - Drawings made.
Capital balance= 75000+18000-12000
=93000-12000
=$81000
Therefore,the capital account is $81000.
Answer:
2009
Explanation:
During the 1990s and early 2000s, the overall sale of more efficient cars decreased due to more strict fuel efficiency regulations on trucks and SUVs that actually increased the total number off trucks and SUVs sold, decreasing the average fuel efficiency by 1 mile per gallon.
It wasn't until President Obama passed stricter fuel efficiency regulations for all types of passenger vehicles that the overall efficiency increased.
Answer:
Great data entry skills. ...
Good communication. ...
Knowledge of bookkeeping principles. ...
Organising records. ...
Attention to detail. ...
Have an understanding of the bigger picture. ...
Be disciplined. ...
Have an interest in furthering your education.
Answer:
a) $1,400
b) $1,800
c) $820
Explanation:
If the annual income is $60,000, the gross monthly income is I=60,000/12=5,000.
a) The maximum amount you should spend each month on a mortgage payment is:
b) The maximum amount you should spend each month for total credit obligations (including mortage) is:
c) If we need only 70% of the maximum allowed for the mortage, we have more income available for other debt payments.
The 70% represents:
We substract this from the total budget for debt payments and we have the budget for all other debts but mortage:
