Answer:
b $19,000
Explanation:
The reconciliation between the book balance and the bank statement examines the transactions recorded in either account but omitted in the other and the transactions recorded wrongly in both accounts.
Given the following transactions
Cash in Bank - checking account = $18, 500
Cash on hand = $500
Post dated checks received = $3 500 and
Certificates of deposits = $24,000
Cash balance in balance sheet = $18, 500 + $500 + $24,000
= $43,000
The post dated check is not included as the cash is yet to be received. The balance in the post dated check will form part of the receivables balance and not that of cash.
The certificate of deposit may be accounted for as part of cash and cash equivalent as shown in the computation above. Where the certificate of deposit is accounted for as a short term investment,
Cash balance in balance sheet = $18, 500 + $500 = $19,000
It is an example of cyclical unemployment.
I hope this helps!
Answer:
Budgeted Income Statement for the year
Sales (820 units × $ 2,130) $1,746,600
Less Cost of Sales (820 units × $ 1,500) ($1,230,000)
Gross Profit $516,000
Less Operating Expenses :
Selling and administrative expense
Variable (820 units × $ 75) ($61,500)
Fixed ($400,000)
Operating Profit $54,500
Less Non - Operating Expenses :
Interest ( $29,000)
Net Income / (Loss) $25,500
Explanation:
Income Statement shows the company`s performance from its operations.
Income / (Loss) = Sales - Expenses.
Answer: In this letter you want to make sure that you are being clear and concise, so as to avoid any confusion about what your relationship will be in the future (ended). This means that you want to avoid any potential legal liability, and explain yourself in order to show that you are being fair and reasonable in your request.
Explanation:
Answer:
Pretax = 5.61%
After tax = 4.26%
Explanation:
The cost of debt will be the Yield to maturity of the bonds.
91 = present values of the 25 year annuity + present value of the maturity
There is no formula for exact YTM
we can either use excel or calculate by approximation:
In this case we will calcualte the YTM by aprroximation
C= 25 cuopon payment 1,000 x 5% / 2 becayse paymenr are semiannually
F= 1000 the face value is 1,000
P= 910 the present value or market value is 91% of the face value
n= 50 25 year at 2 payment per year
dividend 26.8
divisor 955
YTM 5.6125654%
This will be the pretax cost of debt
then we calculate the after tax cost of debt
pre-tax cost of debt ( 1 - t ) = after-tax
5.61% ( 1 - .24 ) = 4,2636
