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3 years ago

In preparing its June 30, bank reconciliation, a company has available the following information:

Business

1 answer:

MakcuM [25]3 years ago

3 0

Answer:

Option (D) is correct.

Explanation:

Given that,

Balance per bank statement on June 30 = $55,300

Deposit in transit on June 30 = 7,800

Return of customer’s check not sufficient funds = 1,200

Outstanding checks as of June 30 = 5,500

Bank service charges for June = 350

As of June 30, the company’s adjusted cash balance is as follows:

= Balance as per bank statement + Deposit in transit - Outstanding cheques as on June 30

= $55,300 + $7,800 - $5,500

= $57,600

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A project will produce an operating cash flow of $136,000 a year for three years. The initial cash outlay for equipment will be

pashok25 [27]

Answer:

NPV =$ 60,311.80

Explanation:

The net present value (NPV) of a project is the present value of cash inflow less the present value of cash outflow of the project.

NPV = PV of cash inflow - PV of cash outflow

We can set out the cash flows of the project using the table below:

0 1 2 3

Operating cash flow 136,000 136,000 136,000

Initial cost (274,000)

Working capital (61,000 ) 61,000

Salvage value 15000

Net cashflow (335,000) 136,000 136,000 212,000.

PV inflow= (136000)× (1.1)^(-1) + (136,000× (1.1)^(-2) + (112,000)× (1.1)^(-3)

= 395,311.80

NPV =395,311.80 -335,000

=$ 60,311.80

3 0

3 years ago

Financial risk management is a component of enterprise risk management (ERM). ERM encompasses the methods and procedures used by

KiRa [710]

Answer:

Business risk.

Explanation:

Business risk (uncertainty associated with the ability to forecast EBIT due to factors such as sales variability and operating leverage).

6 0

3 years ago

Your trip to was great, but it unfortunately ran a bit over budget. However, you just received an offer in the mail to transfer

serg [7]

Answer:

with the new rate we will pay in 58 months.

if there is 2% commision charge: 59.35 = 60 months

Explanation:

Currently we owe 10,000

This will be transfer to a new credit card with a rate of 6.2%

We are going to do monthly payment of 200 dollars each month

and we need to know the time it will take to pay the loan:

We use the formula for ordinary annuity and solve for time:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C $200.00

time n

rate 0.005166667 (6.2% rate divide into 12 months)

PV $10,000.0000

$200 \times \frac{1-(1+0.0051667)^{-n} }{0.0051667} = 10000\\$

We arrenge the formula and solve as muhc as we can:

$(1+0.0051667)^{-n}= 1-\frac{10000\times0.0051667}{200}$

$(1+0.0051667)^{-n}= 0.74166667$

Now, we use logarithmics properties to solve for time:

$-n= \frac{log0.741667}{log(1+0.0051667)$

-57.99227477 = 58 months

part B

If there is a charge of 2% then Principal = 10,000 x 102% = 10,200

we use that in the formula and solve:

$(1+0.0051667)^{-n}= 1-\frac{10200\times0.0051667}{200}$

$(1+0.0051667)^{-n}=0.73650000$

$-n= \frac{log0.7365}{log(1+0.0051667)$

-59.34880001 = 59.35 months

6 0

3 years ago

What is the typical time frame for decisions at the strategic level? multiple choice day-to-day monthly yearly none of the answe

antiseptic1488 [7]

The typical time frame for decisions at the strategic level is a strategic decision.

The strategic level makes a specialty of defining and assisting countrywide policy and relates immediately to the outcome of a war or other battle as an entire. generally, cutting-edge wars and conflicts are gained or lost at this level in place of at the operational or tactical levels.

Strategy can be formulated at three degrees, particularly, at the company level, the business level, and the functional degree. at the company degree, strategy is formulated for your organization as a whole. The corporate method offers decisions associated with various enterprise regions in which the firm operates and competes.

As an example, constructing on the diversification instance, the purposeful level strategies that aid that commercial enterprise stage method is probably: R&D: redesign product. advertising: put into effect a new advertising plan. manufacturing: Make adjustments to present infrastructure.

Learn more about strategic here brainly.com/question/9134427

#SPJ4

3 0

2 years ago

Enviro Company issues 8%, 10-year bonds with a par value of $300,000 and semiannual interest payments. On the issue date, the an

elena55 [62]

Answer:

1. Issuer's cash is $262,500

2. Total amount of bond interest is $277,500

3. The amount of bond interest expense is $13,875.

Explanation:

1. Issuer's cash = Face Value × Selling Price

Issuer's cash = $300,000 × 87.50%

Issuer's cash = $262,500

2. Discount on bond = $300,000 × 12.5% = $37,500

Interest on bond = $300,000 × 8% = $24,000

Period of bonds= 10 years

Total amount of bond interest = Discount on Bond + (Interest on Bond × period)

Total amount of bond interest = $37,500 + ($24,000 × 10)

Total amount of bond interest = $277,500

3. Discount on bond = $300,000 × 12.5% = $37,500

Interest on bond = $300,000 × 8% = $24,000

Period = 0.5 years

The amount of bond interest expense = (Discount of Bond ÷ 20) + Interest

The amount of bond interest expense = ($37,500 ÷ 20) + ($24,000 × 0.5)

The amount of bond interest expense = $1,875 + $12,000

The amount of bond interest expense = $13,875.

7 0

3 years ago