Answer:
The correct answer is option A.
Explanation:
Availability float refers to the time difference between when the check is deposited and when the money is transferred to the recipient's account.
The time difference exists because the bank has to process the physical check before transferring the funds.
So the availability float can also be defined as the time taken by a bank to process and honor a check and transfer the funds to the recipient's bank.
Answer:
b. 22.38
Explanation:
The credit period to pay for merchandise is 45 days, sales for last year = $325,000, therefore sales/day (daily sales) = $325,000/365 = $890.41
Year-end receivables = $60,000
Company DSO = Year-end receivables/ daily sales = $60000/$890.41 = 67.38
The difference between the Company DSO and credit period determines if the payment is early or late. A positive answer indicates late payments, while a negative answer indicates early payments.
Therefore, Company DSO - credit period = 67.38 - 45 = 22.38
Since the difference is positive, it is a late payment
Answer:
A. by an amount greater than the increase in reserves.
The total interest earned at the end of 4 years is $2,507. 90.
The formula for determining simple interest is: Principal x interest rate x time
$4000 x 3.2% x 4 = $512.
The formula for determining interest with compounding is: future value - amount invested.
The formula for calculating future value:
FV = P (1 + r/m)^nm
- FV = Future value
- P = Present value
- R = interest rate
- m = number of compounding
- N = number of years
Future value of the savings account = $4000 x (1.021)^4 = $4346.73
Interest = $4346.73 - $4000 = $346.73
Future value of the certificate of deposit = $7500 x (1.0125)^16 = $9149.17
Interest = $9149.17 - $7500 = $1649.17
Total interest = $1649.17 + $346.73 + $512. = $2,507. 90.
To learn more about future value, please check: brainly.com/question/18760477
Answer:
The correct response is "$2,500". A further explanation is given below.
Explanation:
- Zuri may assume 50 percent of the cost as either a California Kids Adoption expense, but the maximum number would be $2,500, which could be attempted to claim as something of borrowing through one year.
⇒
⇒
Less than two are going to have been credit for the very first year.