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guajiro [1.7K]
2 years ago
13

Jason keeps a record of his transactions in a notebook. Looking over his records for the past two weeks, Jason finds that his ba

nk statement does not match his notebook, and he actually has less money than he thought he did. These are the relevant entries in Jason’s notebook: Transaction Debit ($) Credit ($) Beginning Balance 578. 65 Rent 275. 60 --- Paycheck --- 363. 20 Charitable donation 20. 00 --- Keyboard 63. 29 --- Refund on purchase --- 21. 19 Groceries 44. 08 --- Microwave 68. 74 --- Ending Balance 491. 33 However, Jason’s bank statement says that his ending balance is $473. 33. Which of the following is a possible explanation for the discrepancy? a. Jason actually made two $20 charitable donations but forgot to write one of them down. B. Jason listed the refund as a credit, but it should be a debit. C. Jason listed the groceries out of habit, but he did not actually purchase them this week. D. Jason transposed the digits on the microwave’s price, which actually cost $86. 74.
Business
1 answer:
DanielleElmas [232]2 years ago
4 0

The explanation to the discrepancy arising in Jason's accounts and his bank statement is "Jason transposed the digits on the microwave’s price, which actually cost $86. 74." This can be calculated by reconciling the balance of accounts and bank passbook.

<h3>What is reconciliation statement?</h3>

Reconciliation statement refers to a statement that is prepared to match the accounting balance with the balances in bank passbook. The differences arising due due omission, commission, duplication, or error of principal are given proper effect in the reconciliation to match account with the bank balances.

The answer to the given question can be justified as follows:

Given:

Ending balance as per accounts is $491.33.

Ending balance as per bank statement $473.33

Difference in ending balance is \%491.33 - \$473.33 = \$18

The only statement that justifies the difference of $18 is that the digits of microwave has been transposed from $86.74 to $68.74.

The difference so arising from this error is $86.74 - $68.74 i.e. $18

Hence the correct statement is D

Learn more about the topic here:

brainly.com/question/6601838

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Lisa [10]

Answer:

$628.49

Explanation:

Cash flows                     Discount factor      Future value

$100                         1.1449                $114.49

$200                         1.07                   $214

$300                          1                        $300

Future value                                                  $628.49

The discount factor is as follows

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For $100 the year is 2

For $200 the year is 1

For $300 the year is 0

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3 years ago
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lana66690 [7]
<h2>Answer:</h2>

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An employee receives a phone call from someone saying they are from the bank. The person claims the purpose of the call is to ve
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If a person receives any call, messages or emails and verify online security information, including passwords and account numbers, it is known as phishing.

<h3>What does phishing mean?</h3>

Phishing refers to the social engineering attack that is often used to steal and get the user data which may includes login credentials, credit card numbers, OTP etc.

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In order for an economy to increase its production possibilities, the economy must :_______
Vika [28.1K]

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<h3>The production possibility curve, what is it?</h3>

A limited number of goods and services can be produced by factors of production in an economy. A production possibilities curve illustrates the many combinations of goods and services that a nation's economy is capable of creating. It serves as an illustration for the model of production possibilities. We will assume that the economy can only generate two types of commodities, that the quantities of its accessible technologies are fixed, and that it can only manufacture two types of goods at once when plotting the production possibilities curve.

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