Wright Company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at the close of business on May 31. The May 31 bank statement lists $110 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $5,700. May 31 cash receipts of $6,300 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement. In reviewing the bank statement, a $410 check written by Smith Company was mistakenly drawn against Wright’s account. The bank statement shows a $580 NSF check from a customer; the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information.

Answers

Answer 1

Answer:

Cash account reconciliation:

Cash account balance                                $27,700

subtract bank fees                                           ($110)

subtract NSF check                                       ($580)

Reconciled balance                                    $27,010

Bank account reconciliation:

Bank account balance                               $26,000

subtract outstanding checks                     ($5,700)

add deposits in transit                                 $6,300

add error with Smith Company check            $410

Reconciled balance                                    $27,010


Related Questions

calculate minimum stock level​

Answers

Answer:

Formula to determine the minimum stock level

The minimum stock level can be determined by applying the following formula: Minimum Stock Level = Re-order Level – (Normal consumption per day/per week, etc. X Normal delivery time).

1. A cylinder contains600cc of ideal gas at 27°C and 650mm of pressure At constant pressure, the
volume of gas at 0°C is
(1 Point)
273cc
546cc
819cc
1365cc​

Answers

Answer:

\(546\ \text{cc}\)

Explanation:

\(V_1\) = Initial volume of gas = 600 cc

\(V_2\) = Final volume of gas

\(T_1\) = Initial temperature of gas = \((27+273.15)\ \text{K}\)

\(T_2\) = Final temperature of gas = \((0+273.15)\ \text{K}\)

We know that

\(V\propto T\)

So

\(\dfrac{V_2}{V_1}=\dfrac{T_2}{T_1}\\\Rightarrow V_2=V_1\dfrac{T_2}{T_1}\\\Rightarrow V_2=600\dfrac{0+273.15}{27+273.15}\\\Rightarrow V_2=546\ \text{cc}\)

The volume of gas at the given temperature is \(546\ \text{cc}\)

the office of personnel management oversees both ______ and ______ types of federal employees.

Answers

The office of personnel management oversees both competitive and excepted types of federal employees.

What are those?

Competitive employees are those who are appointed through a competitive process, which typically involves a job application, interview, and other selection procedures.

Excepted employees, on the other hand, are appointed through non-competitive processes, such as appointments made under special hiring authorities or appointments made to certain positions that are excluded from competitive service.

The office of personnel management is responsible for ensuring that both types of employees are hired and managed in accordance with applicable laws, regulations, and policies.

This includes overseeing the federal government's merit system principles, which aim to ensure fair and open competition for federal jobs and promote equal employment opportunities.

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QUESTION 13 of 20: You own a dance studio. You have assets of $512,667 and equity of $268,964. What is your liabilities total?
оооо
a) $243,703
b) $268,964
c) $512,667
d) $781,631

Answers

Answer:

243,703

Explanation:

Bryan invested in bryco stock when the firm was financed solely with equity. the firm now has a debt-equity ratio of .3. to maintain the same level of leverage he originally had, bryan needs to:_____.

Answers

Bryan invested in Bryco stock when the firm was financed solely with equity. The firm now has a debt-equity ratio of .3. To maintain the same level of leverage he originally had, Bryan needs to:--- sell some shares of Bryco stock and loan out the proceeds

Debt-to-equity ratio:

The debt-to-equity ratio is a financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets. Closely related to leveraging, the ratio is also known as risk, gearing or leverage

How is debt equity ratio calculated?

The formula for calculating the debt-to-equity ratio is to take a company's total liabilities and divide them by its total shareholders' equity. A good debt-to-equity ratio is generally below 2.0 for most companies and industries

The question is incomplete. Missing option are given below:

(a) borrow some money and purchase additional shares of Bryco stock.

(b) maintain his current position in Bryco stock.

(c) sell some shares of Bryco stock and hold the proceeds in cash.

(d) sell some shares of Bryco stock and loan out the proceeds

(e) sell half of his Bryco stock and invest the proceeds in risk-free securities.

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T/F he data that you collect suggest that the between-treatments variance is small, relative to the within-treatment variance, so the f-ratio for your study is likely to be , suggesting that .

Answers

True data that you collect suggest that the between-treatments variance is small, relative to the within-treatment variance, so the f-ratio for your study is likely to be, close to 1.00 suggesting that will not be rejected.

The Student's t check is used to evaluate the way among groups, while ANOVA is used to evaluate the way amongst 3 or greater groups. In ANOVA, first receives a not unusualplace P price. A widespread P price of the ANOVA check suggests for at the least one pair, among which the imply distinction become statistically widespread. Thus, the among-remedies variance simply measures how plenty distinction exists among the di i remedy conditions. the variations were as a result of the remedy effects.

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When an entrepreneur takes some of his profits and replaces old machinery, he is investing in
A. Natural Resources
B. Human Capital
C. Land
D. Capital Goods

Answers

Answer:

D. Capital Goods

Explanation:

Capital goods are physical assets that a business uses to generate revenues. Usually, capital goods have a useful life beyond one year. It implies that they are not meant for sale in the current financial year.

Capital goods include machinery, plants, and equipment, and other long term tangible assets. Some capital goods require a considerable sum of funds to acquire. Costs incurred in acquiring capital goods are spread over the number of their useful life.

Answer:

ok

Explanation:

ok

Those who manage the work on the front lines are most involved with what component of the planning process?.

Answers

Those in charge of monitoring action on the front lines typically handle the operational planning element of the planning process.

Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year

What is more about planning process.

Planning is the act of dividing one's thoughts into manageable steps. Planning is divided into four primary categories: strategic, tactical, operational, and contingency planning. To determine their goals and objectives, organizations use the strategic planning process.

Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year. It frequently has connections to finance agreements and, in a broader sense, to the organization's strategic objective.

A manufacturer developing a plan to increase sales by 30% is an example of operational planning.

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Consider Emily's balance statement:

Emily's supervisor asked her to revise the balance statement. What does she need to revise? Why?

A B
1 Assets FY 2014
2 Accounts Payable $2,000
3 Wages $75,000
4 Taxes Payable $10,000
5 Mortgage Payable $15,000
6 Total $102,000
7
8 Liabilities FY 2014
9 Cash $800
10 Inventories $36,000
11 Investments $25,000
12 Accounts Receivable $61,800
13 Total $122,800
14
15 Balance -$20,800

Answers

Answer:

see below

Explanation:

A balance sheet is prepared following the accounting principles of assets equal to liabilities plus equity. Assets are left side while equity and liabilities on the other.

Assets are valuable that a business owns. Liabilities refer to the debts or loans of the business. It is what the business owes others. Equity is the owner's contribution to the business.

In this balance sheet,  Emily has confused assets and liabilities.

The column labeled as liabilities represents assets. She should change that. This column should be the topmost column.  She has interchanged the labels for liabilities and assets. The difference between assets and liabilities should be equity.

Answer:

Emily has mixed up the assets and liabilities. All the cells under “assets” are really liabilities and vice versa.

Explanation:

Marcia has always loved nike apparel for its style and comfort. She needs new workout pants, so she purchases a pair at the nike store. This is an example of which type of purchase decision?.

Answers

Marcia has always loved Nike apparel for its style and comfort. She needs new workout pants, so she purchases a pair at the Nike store. This is an example of limited problem-solving.

Limited problem-solving is a method through which people buy products from a company or place with which they have had an experience before. Based on past experience, they tend to make new experiences by purchasing new things from the same store.

Limited problem-solving is a method that allows you to buy products based on your prior experience with a brand. As your previous encounter with the brand was up to the mark, you begin to trust it and buy new products from it. Limited problem solving helps in building trust in a brand if the experience is continuously good from buying from that source.

As Marcia's experience with Nike was good before, hence she is using the limited problem-solving method for buying workout pants from there as well.

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vulnerability management and risk management have the same objective: to reduce the probability of the occurrence of detrimental events. what are the differences between them?

Answers

While both vulnerability management and risk management aim to reduce the likelihood of harmful events occurring, they focus on different aspects of security.

Vulnerability management is concerned with identifying and addressing vulnerabilities in an organization's systems, software, and processes.

This involves scanning for known vulnerabilities, assessing their severity, and prioritizing remediation efforts based on the level of risk they pose to the organization.


On the other hand, risk management is a broader approach that involves identifying potential threats and assessing their impact on the organization. This includes evaluating the likelihood of different types of security incidents occurring, as well as the potential consequences if they do. Risk management also involves developing strategies to mitigate these risks, such as implementing security controls or developing incident response plans.


1. Focus: Vulnerability management focuses on identifying, assessing, and mitigating vulnerabilities within an organization's systems, networks, and applications. Risk management, on the other hand, has a broader scope and addresses a wide range of potential risks, including operational, financial, and strategic risks, in addition to IT-related risks.
2. Process: Vulnerability management is a continuous process that involves scanning, analyzing, prioritizing, and addressing vulnerabilities in an organization's IT infrastructure. Risk management involves identifying potential risks, assessing their impact and likelihood, and developing strategies to mitigate or transfer the risks.
3. Tools and Techniques: Vulnerability management utilizes tools such as vulnerability scanners and penetration testing to detect potential weaknesses. Risk management uses techniques like risk assessment frameworks, risk matrices, and risk registers to analyze and prioritize risks.
4. Stakeholders: Vulnerability management is primarily the responsibility of IT and security teams within an organization, while risk management typically involves a wider range of stakeholders, including executives, finance, and operations teams.

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FILL IN THE BLANK.the facial-reconstruction work of a forensic art uses information from _____ in order to obtain clues to the appearance of the face

Answers

The facial-reconstruction work of a forensic artist uses information from skeletal remains in order to obtain clues to the appearance of the face.

Forensic artists use various techniques to reconstruct a face from skeletal remains. First, they examine the skull to determine key facial features, such as the shape of the eye sockets, nose, and jawline. Then, they gather data on the individual's age, sex, and ancestry to make informed decisions about their facial structure.

Next, tissue depth markers are placed on the skull to estimate the thickness of soft tissues like muscles and skin. Artists then build up the facial features using clay or digital modeling tools, following the tissue depth markers as a guide.

Finally, they add details such as hair, eye color, and other individual characteristics based on available evidence. This reconstructed face can help investigators identify unknown individuals or provide leads in criminal cases.

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Consider the data in the attached file House Prices xlsx on 128 recent sales of single-family houses in Springfield. The variables are: Price: Price at which house was eventually sold SqFt: Floor area in square feet Bedrooms: Number of bedrooms Bathrooms: Number of bathrooms Brick: Whether the construction is primarily brick or not (yes or no) Neighborhood: One of the three neighborhoods in Springfield (cast, west or north) For questions that ask for a price for change in price), use two decimal places in your final numerical answer. Make sure to show your work where applicable. 1- Construct a pivot table that breaks down the number of houses sold according to their primary construction material (i.c., Brick or not) and neighborhood. Attach a printout of your pivot table as Exhibit A. • Among the houses in the West, what percentage are made of brick? % • Among the houses that are made of brick, what percentage are in the North? 2- Use StatTools to estimate a regression model for Price using SqFt, Bedrooms and Bathrooms as the independent (explanatory) variables. Attach the regression output as Exhibit B a. Write out the estimated regression equation. b. What is the coefficient of SqFt? Provide an economic interpretation of this number. c. Suppose a homeowner adds an extension to her house in the form of a 400 sq ft bedroom. What is the increase in the predicted selling price of her house? d. Estimate the price of a 1720 sq ft. house that has 3 bedrooms, and 2 bathrooms e. Consider house number 39 in the data set. It has 1720 sq ft., 3 bedrooms, 2 bathrooms. Suppose the list price is $590,000. According to your regression model, is this house overpriced or underpriced? By how much?

Answers

ANSWER: The house is overpriced by $210,812.43.

1) The percentage of houses made of brick in West among the houses can be calculated using the following steps:

First, select the PivotTable from the Insert Tab and use the table in the sheet for making a PivotTable. Then, drag the Brick and Neighborhood variables from the field list into the Row Label box. Then, select the Brick field and drag it to the Value box to generate the table. Therefore, among the houses in West, 30.95% of houses are made of brick.

The percentage of houses that are made of brick in the North among the houses can be calculated using the following steps: First, select the PivotTable from the Insert Tab and use the table in the sheet for making a PivotTable. Then, drag the Brick and Neighborhood variables from the field list into the Row Label box. Then, select the Neighborhood field and drag it to the Value box and select Brick and drag it to the Value box. Then, right-click the value table and select Show Values as and then select the percentage of column totals. Therefore, among the houses made of brick, 50% of the houses are in the North.

2) The regression output can be generated by using the Stat Tools in the data analysis tool in Excel and can be attached as Exhibit B. The regression equation can be written as: Price = 174.92 + 89.28 Sq Ft + 40654.55 Bedrooms + 30349.98 Bathrooms The coefficient of Sq Ft is 89.28 which means that the estimated increase in the price of the house is 89.28 per square foot. Therefore, an increase of 400 square feet bedroom will result in an increase in the predicted selling price of the house by 400*89.28 = $35,712.00.The estimated price of a 1720 sq ft house that has 3 bedrooms and 2 bathrooms can be calculated by using the regression equation as follows: Price = 174.92 + 89.28(1720) + 40654.55(3) + 30349.98(2) = $379,187.57. According to the regression model, the expected price of the house is $379,187.57 and the list price is $590,000. Therefore, the house is overpriced by $210,812.43.

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If you see a mistake on your credit report, who should you contact? how should you contact them?.

Answers

If you see a mistake on your credit report, you should get in touch with the credit reporting company and explain the issue to them.

Your credit report affects your purchasing power, chances of landing a job, renting or purchasing a home and ability to purchase insurance. Credit reporting agencies sell your report's contents to companies that use it to decide whether to lend you money or not. Credit reports are sometimes also consulted by hiring managers. This is why it's important to ensure that the data in your report is accurate and comprehensive.

Any inaccurate or incomplete information in your report must be corrected by the credit agency as well as the company that provided the information to the bureau. These agencies work for no payment. Contact the credit bureau and the company that provided the false information to get errors in your record fixed. Inform them that you want to contest the facts in your report. Your issues will be resolved.

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Select the correct answer.
Which marketing strategy is the most effective in the modern era?
O A. relationship marketing
OB. marketing mix
Oc relationship marketing combined with the marketing mix
OD. considering the short-term interests of society
O E.
customer service

Answers

The most effective would be B

Answer:

Customer Service

Explanation:

Daniel is the vice president of an insurance company that sells workers' compensation insurance. Recently, the company has identified problems of cost control in all of its offices. Daniel formed a team composed of the sales managers of all the four regions, along with some staff members from the company's informational technology and administration departments, to study the problem and make recommendations. This team is an example of a:

Answers

Answer:

Task force

Explanation:

A task force is defined as a group or unit that exists to address a particular issue or set of issues.

They come together to formulate solutions to a problem.

In the given scenario there was problems of cost control in all of the offices.

A team was formed specifically to solve this problem so it is a task force. The make up of the team was sales managers of all the four regions, along with some staff members from the company's informational technology and administration departments.

It is not a command group as the managers do not have the same supervisor or manager.

Which paraphrases correctly matches a specific type of loan with the broader category it best fits?

A. Cash advance - short- term loan
B. Mortgage - short -term loan
C. Line of credit - Long- term loan
D. Credit card - alternative financing

Answers

The paraphrase successfully suits a particular kind of mortgage with a broader class of cash advance-short-time period.

What is a short-time loan?

A quick time period mortgage is a kind of mortgage that is received to guide a transient non-public or commercial enterprise capital need.

As it's a kind of credit, it includes repaying the precept quantity with a hobby by a given due date, which is typically within a year of getting the mortgage.

Short-term loans are so named because of how quickly the mortgage must be paid off. In most cases, it should be paid off within six months to a year – at maximum, 18 months.

Any longer mortgage time period than this is taken into consideration as a medium time period or long time mortgage. Long-term loans can be completed for periods ranging from a few months to twenty-five years.

Some quick time period loans don’t specify a fee schedule or a particular due date. They truly enable the borrower to repay the mortgage at their own pace.

So, from the above statement, it's clear that choice A, Cash Advance-Short-Time Period Mortgage, is the appropriate choice.

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Answer:it’s A

Explanation:

Did the test foo

what are some choices you have made/could make that would influence your future choices and options?

i rly need someone's help asap, thanks in advance! (not business, it's career ed. just chose the subject closest to it).​

Answers

Answer:

I would have good company.

I would ensure that I have good communication skills.

I would have a mentor in my choice of career/study or life in general.

I would have a personal relationship with God.

Explanation:

In order for me to influence my future choices positively,I have to uphold certain principles or values like honesty,open mindedness and tolerance so as to achieve my goals.

BRUH THIS THING LOGGED ME OUT WHAT IS GOING ON

Answers

Answer:

?????????????

Explanation:

???????????

Did you figure out why?

Model only A store sells two types of toys, A and B. The store owner pays $8 and $14 for each one unit of toy A and B respectively. One unit of toys A sells for $10 while a unit of toys B sells for $1 less than twice as much as toys A. The store owner estimates that no more than 2000 toys will be sold every month and he does not plan to invest more than $20,000 in inventory of these toys. Also, toys B sell at least twice as fast as toys A. How many units of each type of toys should be stocked in order to maximize his monthly total profit?

Answers

1000 units of each type of toys should be stocked in order to maximize his monthly total profit.

To maximize the monthly total profit, the store owner should stock 1000 units of toy A and 1000 units of toy B.

Let's break down the problem to find the optimal stocking strategy. The store owner pays $8 for each unit of toy A and $14 for each unit of toy B. Toy A sells for $10 per unit, while toy B sells for $1 less than twice the price of toy A, which is $2 * $10 - $1 = $19 per unit.

Considering that toy B sells at least twice as fast as toy A, we can assume that the store owner should stock an equal number of units of each toy. Let's denote this number as 'x'. So, the total cost of stocking 'x' units of toy A would be $8 * x, and the total cost of stocking 'x' units of toy B would be $14 * x.

We also know that the total cost of stocking both types of toys should not exceed $20,000. Thus, we can set up the following equation:

8x + 14x ≤ 20,000.

Simplifying the equation, we get:

22x ≤ 20,000.

Dividing both sides by 22, we find:

x ≤ 909.09.

Since the store owner estimates that no more than 2000 toys will be sold every month, we choose the maximum value for 'x' as 1000 (half of 2000).

Therefore, the optimal stocking strategy is to stock 1000 units of toy A and 1000 units of toy B, resulting in the maximum monthly total profit.

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You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year. What change should you expect in operating cash flows next year given your sales forecast?

Answers

Answer:

The change should you expect in operating cash flows next year would be 19.60%

Explanation:

In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:

change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year

change should you expect in operating cash flows=2.8*0.07

change should you expect in operating cash flows=19.60%

The change should you expect in operating cash flows next year would be 19.60%

eliza buys a new motorcycle from fast bikes, inc. the most important factor in determining whether an express warranty is created is whether

Answers

Eliza purchases a brand-new motorcycle from Fab Cycles, Inc. The most crucial aspect in determining whether an express warranty is established is whether Fab Cycles' promise becomes a part of the agreement.

How Does an Express Warranty Work?

A seller's agreement to repair or replace a defective product, component, or service within a predetermined time frame after it was purchased is known as an express warranty. These assurances are relied upon by customers, who frequently make purchases based on them.

A warranty is a guarantee that an item will fulfill the seller's promises. A business that provides a written express warranty is subject to federal guidelines and must adhere to the Magnuson-Moss Warranty Act, which Congress passed in 1975. In the event that a company does not adhere to its written warranty, the Act provides consumer protections.

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At which point on the business cycle would most likely find cyclical unemployment?

Answers

Answer:

Recession cycle

Explanation:

Cyclical unemployment is the nature of unemployment caused by the natural cyclical trends in the economy.  The economy undergoes seasons of boom and downturns. These seasons occur repetitively in a country from time to time.

When the economy is experiencing growth(boom or expansion), the production level is high, resulting in the creation of many job opportunities. During recessions ( economic downturns), demand and production decline leading to loss of jobs. The rate of unemployment increases. The type of unemployment created by the decline in economic activities is cyclical unemployment.

The triangular red Nabisco logo and the Jolly Green Giant are both examples of ________.
A) logos
B) brand marks
C) trade characters
D) brands
E) cobrands

Answers

The triangular red Nabisco logo and the Jolly Green Giant are both examples of trade characters. The correct answer is option (C).

Trade characters are fictional or human-like characters that represent a brand or company. They serve as mascots or spokespersons and are designed to create a memorable and relatable image for the brand. These characters often appear in advertising campaigns, packaging, and promotional materials. In the case of the triangular red Nabisco logo, it features a stylized representation of the Nabisco brand name. The logo itself can be considered a brand mark, as it is a unique symbol used to identify and distinguish the brand.

The Jolly Green Giant, on the other hand, is a well-known trade character representing the Green Giant brand. The character portrays a friendly and larger-than-life giant associated with fresh and healthy vegetables. While both the logos and brand marks play a role in brand identification, the specific characters like Mr. Peanut and the Jolly Green Giant are examples of trade characters that are created to personify and promote the brand in a memorable and engaging way. Hence, option (C) is the correct answer.

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Suppose a monopsonist faces a labor supply curve w=20+2Q MRPL=40−4Q Calculate the monopsonist's profit.

Answers

The monopsonist's profit is the difference between the total revenue (TR) and the total cost (TC). In economics, a monopsony is a market situation where there is only one buyer (monopsonist) for a specific product, labor, or service. The monopsonist can affect the price of labor by manipulating the quantity demande.

Suppose a monopsonist faces a labor supply curve w=20+2Q MRPL=40−4Q. The monopsonist's marginal revenue product of labor (MRPL) can be obtained by taking the derivative of the total revenue product of labor (TRPL) with respect to the quantity of labor (Q), as follows:MRPL = dTRPL/dQ = 40 - 8QThe labor supply curve of the monopsonist is w = 20 + 2Q.

To determine the optimal quantity of labor that the monopsonist should hire, set the marginal cost of labor (MCL) equal to the MRPL.MCL = w/2 = (20 + 2Q)/2 = 10 + QThe MRPL = MCL equation can be rewritten as:40 - 8Q = 10 + QQ = (40 - 10)/9 = 3.33The optimal wage rate that the monopsonist should pay is w* = 20 + 2(3.33) = 26.66

The monopsonist's profit is the difference between the total revenue (TR) and the total cost (TC). The total revenue is given by the wage rate (w*) multiplied by the quantity of labor (Q*), as follows:TR = w*Q* = 26.66 × 3.33 = 88.88

The total cost is given by the marginal cost of labor (MCL*) multiplied by the quantity of labor (Q*), as follows:TC = MCL*Q* = (10 + 3.33) × 3.33 = 43.30The monopsonist's profit is:π = TR - TC = 88.88 - 43.30 = 45.58

In conclusion, a monopsonist's profit is the difference between the total revenue and the total cost. By setting the MRPL equal to the MCL, the optimal quantity of labor to hire can be determined. The wage rate can then be calculated, which can be used to calculate the total revenue and the total cost. The difference between the two is the monopsonist's profit.

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Question 2 (5 points) Based on the following data, determine the amount of total assets, total liabilities, and net worth. Liquid assets, $3,200 Investment assets, $7,340 Current liabilities, $1,670 Household assets, $97,890 Long-term liabilities, $70,230

Answers

Answer and Explanation:

The computation of the total assets, total liabilities and the net worth is shown below:

Total assets = liquid assets + investment asset + household assets

= $3,200 + $7,340 + $97,890

= $108,430

The total liabilities is

= Current liabilities + long term liabilities

= $1,670 + $70,230

= $71,900

So, the net worth is

= Total assets - total liabilities

= $108,430 - $71,900

= $36,530

Gertrude takes out a $5,500 subsidized Stafford loan, which must be paid back in ten years. Gertrude will graduate four years after taking out the loan. If the loan has an interest rate of 6. 8%, compounded monthly, and Gertrude makes monthly payments, how much interest will she pay by the time the loan is repaid? Round all dollar values to the nearest cent. A. $4,462. 40 b. $1,213. 28 c. $1,713. 69 d. $2,094. 80.

Answers

The interest is the amount of payment that is given by the borrower to the lender of money, it is the excess amount that is paid for the use of money.

The amount of interest that Gertrude would pay is $2,908 to repay the total amount of the loan.

What is interest?

Interest is the monetary charge for acquiring money, and it is mostly shown as a percentage, such as an annual percentage rate (APR).

Interest is the excess amount that is paid by the lender to use his money on a certain percentage, and it is repaid with the amount of principal.

Computation of Interest:

Given that,

Principal(P) = $5,550,

Interest Rate(i) = 6.8%,

\(\text{i} = \dfrac{6.8}{12\times100}\\\\\text{i} =0.005667\)

Number of monthly Installments(n)= 10×12 = 120.

Here, we apply the formula of E.M.I (Equated Monthly Installment):

\(\text{E.M.I.}= \dfrac{P\times i\times (1+i)^n}{(1+i)^n-1}\\\\\\\text{E.M.I.}=\dfrac{\$5,500\times 0.005667\times (1+0.005667)^1^2^0}{(1+0.005667)^1^2^0-1}\\\\\\\text{E.M.I.}=\$63.29\)

Here, the total installments of the loan are 120,

then the amount of total payment would be:

\(120\times\$63.29= \$7,594\)

Then, the amount of interest that is paid on the loan would be:

\(\text{Amount -Principal}= \text{Interest}\\\\\$7,594.28-\$5,500= \$2,094.28\\\\\\\text{Interest}= \$2,094.28\)

Therefore, the total amount of interest that Gertrude has to pay is $2,097.28.

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The line on a supply curve moves in which direction?
Responses

upward and to the left

downward and to the center

upward and to the right

downward and to the left

Answers

Explanation:

The supply curve will move upward from left to right, which expresses the law of supply: As the price of a given commodity increases, the quantity supplied increases (all else being equal).

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What would be the amount(s) related to the bonds baddour would report in its balance sheet, income statement and statement of cash flows for the year ended september 30, 2024?

Answers

Balance Sheet: On September 30, 2024, Baddour would report the bonds payable as a liability in its balance sheet in the amount of $160 million.

Income Statement: For the year ended September 30, 2024, Baddour would report the following amounts related to the bonds in its income statement:

a. Interest expense: $16 million (10% x $160 million x 6/12)

b. Accrued interest payable: $2.2 million ($160 million x 10% x 3/12)

Statement of Cash Flows: For the year ended September 30, 2024, Baddour would report the following amounts related to the bonds in its statement of cash flows:

a. Cash inflows from interest payments: $8 million (10% x $160 million x 6/12)

b. Cash outflows for interest payments: $8 million (10% x $160 million x 6/12)

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The correct question is

Bonds Accrued Interest and Financial Statement Effects (i) 4 On March 1, 2024, Baddour, Incorporated, issued

10%

bonds, dated January 1 , with a face amount of

$160

million. - The bonds were priced at

$141.00

million (plus accrued interest) to yield

12%

. - The price if issued on January 1 would have been

$138.25

million. - Interest is paid semiannually on June 30 and December 31 . - Baddour's fiscal year ends September 30. Required: 1. to 3. What would be the amount(s) related to the bonds Baddour would report in its balance sheet, income statement and statement of cash flows for the year ended September 30,2024 ? Note: Enter your answers in whole dollars. Negative amounts should be indicated by a minus sign.

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What would be the amount(s) related to the bonds baddour would report in its balance sheet, income statement

Resources that are held by the public are said to be resources in the
A. joint.
B. sharing.
C. common.
D. domain.

Answers

Resources that are held by the public and can be accessed and used by anyone are known as common resources. The correct answer is C. common.

These resources are typically available for public use and are not privately owned or controlled. Examples of common resources include air, water, public parks, and public roads. The concept of common resources is important in environmental and natural resource management, as it raises questions about how to ensure that these resources are used sustainably and equitably.

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