Answer:
Answer:the the opening balance is =26041the total receive were=39567the the bank balance if opening=13526.
Explanation:
Answer:
The answer is 13.84 percent
Explanation:
The formula for sustainable growth rate is:
(Return on equity(ROE) x retention rate)/1 - Return on equity(ROE) x retention rate
Retention rate = 1 - payout ratio.
So, retention rate = 1 - 0.24
= 0. 76
Return on equity(ROE)= 0.16
(0.16 x 0.76) / 1 - ( 0.16 x 0.76)
= 0.1216 / 1 - 0.1216
0.1216/0.8784
=0.1384
Expressed as a percentage:
13.84percent
Answer:
$83,000
Explanation:
Calculation to determine How much is the adjusted cash balance per books on December 31?
Balance per books on Dec. 31, $82,600
Add Note collected by the bank including interest $2,000
Less Bank service charge ($50)
Less NSF check ($650)
Less Book error ($900)
($1000-100)
Adjusted cash balance per books $83,000
Therefore the adjusted cash balance per books on December 31 is $83,000
Answer:
C) $1,455.08
Explanation:
Formula = M = [P (1 + r)^n * r] / [(1 + r)^n - 1]
Putting the figures in the formula =
$70 = P [(1 + 0.142/12)^24 * 0.142/12 ] / [(1 + 0.142/12)^24 - 1]
=> $70 = P (1.326209535) * 0.142/12 / 0.326209535
=> $70 = P * 0.0156934795 / 0.326209535
=> P = $1455.08
So, the maximum initial purchase that Carla can buy on credit = $1455.08
Answer with its Explanation:
Free Money means the money that has to be paid back to the money lender within a reasonable time. The money lender usually is a trader who sells his product at credit allowing his customer a reasonable period to payback. Furthermore, the free money is termed free because they are interest free lendings.
In real life, free money is can be availed by purchasing products from the suppliers if you are acting as a middle man in the distribution channel or you are a small customer and your borrowings doesn't impact the supplier. Almost all of the businesses lend free money in the form of products because allowing credit increases the sales of the organizations.