Answer:
Change in checking deposit is $18,20,000
Explanation:
Checking account is the kind or form of deposit account that is held at a institution and it allows the deposits as well as withdrawals.
The change in the checking deposit is computed as:
Change in Checking deposit = Deposit amount / Required reserve ratio
where
Demand deposit is $800,800
Required reserve ratio is 0.440
Putting the values above:
Change in checking deposit = $800,800 / 0.440
Change in checking deposit = $18,20,000
Answer
$400
Step by step explanation
Step 1: Total of the three deal = $40,000
Commission = 1% = 1/100 = 0.01
Step 2: Find the commission for $40,000
Commission earned for the month = 0.01 *$40000
= $400
I hope you will understand this.
Thank you.
Recording the transaction of providing travel services to the travelers, who paid $22,500 with a balance of $4,500 in the books of the Travel Services Corporation include:
Journal Entries:
Debit Cash $22,500
Debit Accounts Receivable $4,500
Credit Service Revenue $27,000
- To record the provision of travel services for cash and on credit.
Data Analysis:
Cash $22,500 Accounts Receivable $4,500 Service Revenue $27,000
Thus, the total service revenue recorded for this transaction is $27,000.
Learn more: brainly.com/question/16781277
An owner who withdraws an amount of $20000 would lead to decrease in the assets and the owner's equity by $20000.
Answer: Option D.
<u>Explanation:</u>
Assets are the things which are owned by the owner of the organisation and provide economic benefits. Liabilities are things which are the obligation on the owner of the company that he has to pay off. Equity is the share of the share holder of the company.
If an owner with draws or takes out money from the business for the personal use, it would lead to the decrease in the amount of the assets of the owner. It would also lead to the decrease in the amount of equity of the owner because he has taken out his share from the business for his personal use and not for the business.
Answer:
your father originally invest is $13035.72
Explanation:
given data
investment time = 33 years
interest rate = 4.25 percent
totaled $51,480.79
solution
we get present value by future value formula that is
future value = present value × 
.........................1
put here value and we get
$51480.79 = present value × 
solve it we get
present value = $13035.72
so your father originally invest is $13035.72
