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2 years ago

Which of the following items is not a reason for difference between bank ledger account and the

Business

1 answer:

Fudgin [204]2 years ago

4 0

Answer:

Explanation:

Dishonored cheque

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You invest a single amount of $14,800 for 7 years at 15 percent. At the end of 7 years you take the proceeds and invest them for

maria [59]

Answer:

Value of investment after 21 years = $354,608.11

Explanation:

The value of an amount invested at a certain rate of return for certain number of years where interest compounded annually is known as the future value.

The future value of an investment can be determined using the future value formula. This formula is stated below:

FV = PV × (1+r)^(n)

FV - Future Value , PV- Present Value, r-rate of return, n- number of years

For the first round of investment 15% for 7 years, future value would be:

FV = 14,800 × (1.15)^(7) = 39,368.29

Second round of investing 17% for 14 year, future value would be

FV = 39,368.29 × (1.17)^(14)= 354,608.11

Future Value =$354,608.11

Value of investment after 21 years = $354,608.11

7 0

3 years ago

The differences between the various 'Money Supplies' (M1, M2, …) are base on A) The volume of the economy they make up C) Whethe

postnew [5]

Answer:

The correct option here is B) the degree of liquidity in each element.

Explanation:

Money supply can be described as total amount of money , which is present in an economy at a point of time.

Money supply can be classified as M0,M1,M2 etc , where these different money supply's reflects different type of liquidity that each type of money has in the economy. M0, M1 actually consists of narrow money and contain coins and notes, which are in circulation in the economy and these are easily convertible in to cash and they are most liquid elements and same way M2 would be less liquid than M1, and so on.

8 0

3 years ago

On Aug. 6, D submitted an application for a $50,000 Life insurance policy and did not pay the initial premium. On Aug. 18, D wen

MAXImum [283]

Answer:

B) collect initial premium along with a signed health statement

Explanation:

Since D submitted an application before he suffered from chest pains, then the producer should collect the initial premium. But the producer must also request a signed health statement which details the previous incident and what the doctor thought about it, and the tests that he requested.

5 0

3 years ago

Financial statement data at December 31 for Ecco Company are shown below. Cost of merchandise sold $552,500 Inventories: Beginni

Lostsunrise [7]

Answer:

Inventory turnover= 3.25

Explanation:

Giving the following information:

Cost of merchandise sold $552,500

Inventories:

Beginning of year 200,000

End of year 140,000

To calculate the inventory turnover, we need to use the following formula:

Inventory turnover= Cost of goods sold/ average inventory

Average inventory= (beginning inventory + ending inventory) / 2

Average inventory= (200,000 + 140,000)/2= 170,000

Inventory turnover= 552,500/170,000

Inventory turnover= 3.25

3 0

3 years ago

Economic facts in terms of number are known as

arlik [135]

Answer: Index

Explanation:

Any economic fact expressed in terms of number is known as Index,

Index is the statistical change which represents the change in the individual data point. Index measures the change in the consumer goods and its price over time in different geographical locations. Some indices display market variations that cannot be captured in other ways.

5 0

3 years ago