Analyst Questions

The federal government debt is equal to the sum of past budget deficits minus the sum of past budget surpluses.

Geraldine Mock "Jerry" was the first woman to fly around the world successfully in the year 1964.

A Bank Reconciliation Statement is a statement prepared periodically by a customer to explain the divergence (difference) between the bank balance as per cash book and the bank balance as per Pass Book. It clearly shows the two differing balances and the outstanding items which causes the balances to disagree.

The objective of preparing such a statement is to know the causes of differences between the two balances and pass necessary correcting or adjusting entries in the books of the firm. But it is to be noted that some differences are automatically adjusted. For example - A cheque that has been sent for collection, but not yet collected, causes a difference between the balance as shown by the pass book and the balance as shown by the cash book, but no adjusting entry is required in the cash book for such a difference because, the bank will credit the firm’s account as soon as the cheque is collected.

Money spent by the government on government programs such as road work, electricity work, manhole, etc... that are aiming to contribute to the nation's social welfare in long and short term are referred to as Goverment Expenditures.

India's Keerthana Pandian has won the girls’ title in the IBSF World Under-16 Snooker Championships.

In the final in St Petersburg, Russia, Keerthana outclassed her Belarussian rival Albina Leschuk 3-1.

Variable costs are expenses that vary in proportion to the amount of goods or services that a business produces. 

Examples of variable cost include labor, packaging and raw materials.

DNA is replicated during the S-Phase in the interphase of a cell.