Answer:
22.81%
Explanation:
The computation of the rate of return is shown below:
= (cash inflow ÷ total cost) - 1
where,
Cash inflow is $595,000
And, the total cost is
= $475,000 + $475,000 × 2%
= $475,000 + $9,500
= $484,500
So, the rate of return is
= ($595,000 ÷ $484,500) - 1
= 22.81%
Hence, the rate of return is 22.81%
Basically we applied the above formulas
Answer: Interest Maturity Date
(a) 78110×7%×(60/360) = $911 August 9
(b) 46200×8%×(90/360)= $924 October 12
(c) 11700×9%×(75/360) = $219 July 11
Explanation:
To compute the interest we apply the following formula:
Interest= (Principal) × (Interest Rate) ×(Terms ÷360)
For the Maturity date, we add Terms to the Date of note .
By using the above formula for the given table, we get the following values
Interest Maturity Date
(a) 78110×7%×(60/360) = $911 August 9
(b) 46200×8%×(90/360)= $924 October 12
(c) 11700×9%×(75/360) = $219 July 11
Answer:
a. $4,160.
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
The adjusted cash book balance is one that contains the necessary adjustments to transactions captured in the bank statement but yet to be recorded in the books.
The adjusting items are
- Notes receivable and interest collected by bank 850
- Bank charge for check printing 20
- NSF check 170
Hence the adjusted cash balance
= $3500 + $850 - $20 - $170
= $4,160
Add the current date in cell C10. Then, you can use any of
these formulas to determine the number of days between cell B10 (9/1/2014) and
the current date:
=IF(OR(C10="",B10=""),"",INT(C10-B10+1))
=IF(NOT(OR(ISBLANK(C10),ISBLANK(B10))),C10-B10+1,"")
You just have to enter the formulas in an empty cell.
