Judging from their condition, the need some welfare or subsidies that should be added
For example :
- Their government should provide more infrastructure such as roads and water pipe for the people
- Since South Africa is one of the most developed country in Africa, The Government should give more incentives for those who want to start a business ( such as cheaper taxation system)
Answer:
The item would be included in the bank reconciliation as an addition to the balance as per the records of the company.
Explanation:
Bank reconciliation is the procedure in which the balances of the entity accounting records for a cash account to the corresponding information on a bank statement is matched.
In this case, as the check is drawn by the company which means that the same amount is to be deducted from the company books but the amount of $430 got deducted which is a wrong amount as the actual amount is $340, so the amount to be added back to the balance as per company records.
Answer:
net income 5,600
Explanation:
a.- service revenue 3,500
b.- it do not affect the net income. Is trading one asset (cash) for another (equipment)
c.- it do not affect the income. It increase a liability (note payable) and an asset (cash)
d.- rent expense (900)
e.- it do not affect the net income. Is trading one asset (cash) for another (supplies)
f .- service revenue 3,000
net income = revenue - expenses
service revenue 3,500 + 3,000 = 6,500
rent expense (900)
net income 5,600
Answer:
i=4%
Explanation:
this problem is possible to solve applying the principle of future value, keep in mind the next formula:
where FV is future value, PV is the present value, i is the periodic interest rate and n is the number of periods. So applying to this particular problem we have:
the difference here is that we must solve n so we can do:
so i=4%
Answer:
cannot pay or charge interest
Explanation:
Islamic banks do not charge interest. The banks are based on Sharia law. Islamic banks make a profit through equity participation.
I hope my answer helps you
