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3 years ago

What would symphony report as total shareholders' equity?

Business

1 answer:

leva [86]3 years ago

6 0

$485 + $380 + $15 + $48 - $120 = $808

Have a great night!

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Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the clos

sergey [27]

Answer:

Please see solution below

Explanation:

Bank reconciliation as at June 31st.

•Bank statement balance

$25,800

Add:

Bank service charges

$100

NSF check

$600

Wrong drawn

$400

Total

$1,100

Adjusted bank balance

$26,900

Bank reconciliation as at June 31st.

•Cash book balance

$27,500

Add: outstanding checks

$5,600

Balance

$34,100

Less: deposit in transit

($6,200)

Adjusted book balance

$26,900

3 0

3 years ago

Suppose that when the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 mi

faltersainse [42]

Answer:

28.6%

Explanation:

7 0

3 years ago

Vanessa Company is evaluating two projects. project 1 is a project requiring a capital expenditure of 814,400. the project has a

Olegator [25]

Answer:

The average rate of return on investment using:

+ Straight line method: 23.58%

+ Net present value: 17.85%

Explanation:

* The average rate of return on investment using straight line method:

We have Average rate of return = Average net profit/ Average investment

with average net profit = (90,000 + 80,000 + 40,000 + 30,000 + 240,000)/5 = $96,000

average investment: (investment at the beginning + investment of the end) /2 = 814,400/2 = 407,200

=> Average rate of return = 96,000 / 407,200 = 23.58%

* The average rate of return on investment using net present value:

The average rate of return is the internal rate of return on the project which is the rate that brings the net present value to zero.

Denote the rate as x => (1+x)^(-t) is the discount rate of year t. Denote 1+x as a, we have:

-814,400 + 210,000/a + 200,000/a^2 + 160,000/a^3 + 150,000/a^4 + 720,000/a^5 = 0 <=> a = 1.1785

=> x = 17.85%

6 0

3 years ago

CII, Inc., invests $630,000 in a project expected to earn a 12% annual rate of return. The earnings will be reinvested in the pr

Gelneren [198K]

Answer:

$1,956,684

Explanation:

As the project has a expected annual return, we have to calculate future value of this investment to find how much money Cll, Inc. will have after 10 years to reinvest.

We know,

FV = PV × $(1 + i)^{n}$

Given,

Present Value, PV = $630,000

Annual rate of return, i = 12% = 0.12

Number of period, n = 10 years

Putting the value into the above formula, we can get,

FV = $630,000 × $(1 + 0.12)^{10}$

FV = $630,000 × 3.105848

FV = $1,956,684

$1,956,684 can be reinvested after the liquidation of 10 years.

8 0

3 years ago

Mike has an insurance policy that pays 90% of the replacement cost of personal property damaged in a fire. A fire destroyed a st

podryga [215]

Answer:

Explanation:

Mike insurance company will pay = 0.9 of 400 = $ 360

7 0

3 years ago

Read 2 more answers