Answer: a.$4,576
Explanation:
Sometimes the cash balance according to the books is not the same as the cash in the bank account and this is due to some transactions not being recorded by either the bank or the firm.
Adjusted cash balance per books = Unadjusted cash balance + Note receivable and interest collected by bank - Bank charge for check printing - NSF Check
= 4,022 + 746 - 28 - 164
= $4,576
Answer: Government policies that heavily tax some activities while subsidizing others and that fix or control interest rates will result in lower productivity of investment.
Explanation: Lowering productivity of investment will cause the economy to not do as well due to the small level of investments happening. When the government heavily taxes different things, it lowers the amount of people purchasing those items due to the high rates.
Answer:
Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.
Explanation:
The journal entry is given below
Insurance expense A/c Dr $2,400
To Prepaid Insurance $2,400
(Being insurance expense is recorded)
The computation is shown below:
= Insurance premium ÷ number of months × required months
= $4,800 ÷ 4 months × 2 months
= $2,400 months
The 2 months is taken from November 1 to December 31
Answer;
The action that would most likely cause the Equal employment opportunity commission to intervene;
- A company posts an ad looking to hire a male computer programmer.
Explanation;
Equal employment opportunity entails the provision of equal opportunity for employment and advancement within a company or an organization to all individuals, including those that fall under the protected classes. The protected classes include, race, color, age, national origin, disability, reprisal and sex.
Answer:
The correct option is B,$29.05
Explanation:
The required rate of return is can be computed using Miller and Modgiliani CAPM formula below:
Ke=Rf+Beta*Mrp
Ke is the cost of equity which is unknown
Rf is the risk free rate of 3.00%
Mrp is the market risk premium of 5.50%
Beta is 1.2
Ke=3.00%+(1.2*5.50%)
Ke =9.6%
The current price of the common stock is the present value of dividends payment and stock price(terminal value) as shown below discounted with Ke of 9.6%
Year 1 $1.25*(1+25%)=$1.56
*1/(1+9.6%)^1=$1.43
Year 2 $1.56*(1+25%)=$1.95
*1/(1+9.6%)^2=$1.63
Year 3 $1.95*(1+25%)=$2.44
*1/(1+9.6%)^3=$1.85
Year 4 $2.44*(1+25%)=$3.05
*1/(1+9.6%)^4=$2.11
Terminal value=year 4 dividend/ke=$3.05/9.6%=$31.79*1/(1+9.6%)^4=$22.03
Total present values=$1.43
+$1.63+$1.85
+$2.11
+$22.03=$29.05
