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2 years ago

When there are differences between the cash balance per bank and the cash balance per books, this is due to:____.

1 answer:

6 0

When there are differences between the cash balance per bank and the cash balance per book, this is due to the Bank reconciliation statement.

The key difference between cash book balance and bank statement balance is that cash book balance shows the cash balance recorded in a company's cash book while bank statement balance is the cash balance recorded by the bank in its bank records. is.

Such fees and charges are charged to the savings cash balance book, but no entry is made in the cash book unless the company receives the savings book from the bank and records these entries. This creates a difference between the two balances.

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The budget for making the movie The Twilight Saga: New Moon was one-fifth the budget for making Harry Potter: The Half Blood Pri

sergey [27]

Answer:

The budget for The Twilight Saga: New Moon = $50 million

Explanation:

Let the budget for Twilight Saga: New Moon = T

Let the budget for Harry Potter: The Half Blood Prince = H

We are given the following:

$T=\frac{1}{5}H$ (The budget for Twilight Saga is one-fifth the budget for Harry Potter)

Cross multiplying the equation

5T = H - - - - (1)

H + T = 300,000,000 - - - - - (2) (Together the budgets totaled $300 million)

Next, let us substitute the value of H in equation (2) with equation (1)

(5T) + T = 300,000,000

6T = 300,000,000

$T = \frac{300,000,000}{6} \\T = 50,000,000$

Therefore, the budget for The Twilight Saga: New moon = $50,000,000

And the budget for Harry Potter: The Half Blood Prince = $250,000,000

8 0

3 years ago

You have a portfolio that is invested 14 percent in Stock R, 50 percent in Stock S, and the remainder in Stock T. The beta of St

pantera1 [17]

Answer:

1.41 Approx

Explanation:

The computation of the beta for the stock T is shown below:

Beta of portfolio = Respective betas × Respective investment weights

1.30 = (0.14 × 0.81) + (0.5 × 1.36) + (0.36 × beta of the Stock T)

1.30 =0.7934 + (0.36 × beta of the Stock T)

beta of the Stock T = (1.3 - 0.7934) ÷ 0.36

= 1.41 Approx

We simply multiplied the beta of each stock with its investment weights order to calculate the beta of the stock T as portfolio beta is given

8 0

3 years ago

On January 1, 1997, an investment account is worth 100,000. On April 1, 1997, the value has increased to 103,000 and 8,000 is wi

loris [4]

Answer:

(B) 6.25%

Explanation:

January 1, 1997 = $100,000

April 1. 1997 = $103,000 - $8,000 = $95,000

January 1, 1999 = $103,992

annual interest rate for 1997 = i = (x - 100,000 + 8,000) / [100,000 - 8,000(1 - ³/₁₂) = (x - 100,000 + 8,000) / [100,000 - 8,000(1 - 0.25) = (x - 92,000) / 94,000

x = 92,000 + 94,000i

annual interest rate for 1998 = 1 + i = 103,992/x

x = 103,992/(1 + i)

0 = x(1 + i) - 103,992

now we replace x by 92,000 + 94,000i

0 = (92,000 + 94,000i)(1 + i) - 103,992

0 = (94,000 (1 + i) - 2,000)(1 + i) - 103,992

we now replace 1 + i by Y

0 = (94,000Y - 2,000)Y - 103,992

0 = 94,000Y² - 2,000Y - 103,992

using a calculator, Y = 6.25%

4 0

3 years ago

If a person deposited $50 a month for 6 years earning 8%, this would involve what type of computation?

Elenna [48]

C. Future value of a series of deposits

It is not B, because although Future Value of a Single Amount (FV) is similar, it is only when you deposit a certain amount one time and let it grow in value.
Your question says they deposit money more than once, so it is C.

5 0

3 years ago

Read 2 more answers

Gilberto Company currently manufactures 70,000 units per year of one of its crucial parts. Variable costs are $1.80 per unit, fi

AnnZ [28]

Answer:

The company should continue making the unit. It is cheaper than buying by $7,000.

Explanation:

Giving the following information:

Variable costs are $1.80 per unit

fixed costs= $70,000 per year

Purchasing price per unit= $2.90

<u>I will assume that the fixed costs (not allocated) are avoidable.</u>

First, we need to calculate the total cost of making the unit:

Total cost= 70,000*1.8 + 70,000= $196,000

<u>Buying:</u>

Total cost= 70,000*2.9= $203,000

The company should continue making the unit. It is cheaper than buying by $7,000.

7 0

3 years ago