Answer:
A general ledger adjustment should reflect: 1. Debit Bank Fee Expense $45 and Credit Bank Account $45.
Explanation:
The discrepancies between the Cash Book Bank Balance and the Bank Statement Balance often arise due to Unrecorded Items.
The bank's charge of $45 appears in the Bank Statement but was not documented in the Cash Book.
Thus, the appropriate adjustment is to reduce the Cash Book - Bank Balance and acknowledge this expense in the Income statement pertaining to these Bank Charges.
Answer:
The answer is 10 individuals.
Explanation:
In the Big Bucks lottery with 1,000 participants, each buying a ticket costing $10, the likelihood of winning a $10 prize is 1%. To determine how many winners there would be, the calculations are as follows:
Total Participants = 1000
Winning Probability = 1%
Thus, the expected winners for the $10 prize would be calculated as follows: 1000 * 1%
= 1000 * 0.01
= 10 Individuals.
Therefore, it is expected that 10 winners will emerge from the 1,000 participants.
The continued decline in Becky Bongos sales, even as they reduce prices, indicates that the root issue is not customer dissatisfaction with the pricing. Other possible causes could include neglecting customer demands, inadequate product quality, ineffective marketing, or strong competition. The appropriate remedy does not involve lowering prices but rather addressing these other factors.
