Answer:
$503
Explanation:
The computation of the adjusted cash balance is shown below:
As we know that
Adjusted cash balance is = Cash ending balance - NSF Checks - Service charge
= $660 - $130 - $27
= $503
And we do not considered the other two items as they are not impact the cash balance
Basically we applied the above formula
Answer:
a. $76,754
.38
b. 14%
c. $73,529
Explanation:
a. The computation of portfolio is given below:-
Risk Premium
= Required return - Risk free rate
= 10% + 4%
= 14%
Expected value of the payoff
= $40,000 × 1 ÷ 2 + $135,000 × 1 ÷ 2
= $87,500
Value of portfolio = $87,500 ÷ (1 + 14%)
= $76,754.39
b. The calculation of expected rate of return on the portfolio is shown below:-
= ($87,500 - $76,754.39) ÷ $76,754.39
= 14%
c. The calculation of risk premium is shown below:-
Risk premium = Required return - Risk free rate
Required return = 15%+4% = 19%
Expected rate of the payoff
= $40,000 × 1 ÷ 2 + $135,000 × 1 ÷ 2
=$87500
Value of portfolio
= $87,500 ÷ (1 + 19%)
= $73,529
Answer:
a. $25,650
b. Journal entries
Explanation:
The computation is shown below:
a. The balance of the Allowance for Doubtful Accounts is
= Total account receivable × estimated percentage
= $570,000 × 4.5%
= $25,650
b. The adjusting entry is as follows
Bad Debt Expense $13,650 ($25,650 - $12,000)
To Allowance for Doubtful Accounts $13,650
(Being the bad debt expense is recorded)
c. The adjusting entry is as follows
Bad Debt Expense $26,650 ($25,650 + $1,000)
To Allowance for Doubtful Accounts $26,650
(Being the bad debt expense is recorded)
Unemployment insurance makes workers less likely to negotiate for job security when searching for a job and more likely to have a long job search.
Explanation:
Unemployment insurance is a compensation protection where people lost their jobs and follow all eligibility criteria without blame.
Unemployment insurance Workers who are self-employed and willingly fired do not have a career security policy and have to use discretionary funds to cover cases where there is no work available. State governments pay a jobless insurance
Unemployment insurance supports unemployed workers actively seeking work with cash scholarships. The Federal Unemployment Tax Act (FUTA) and state employment programs offer benefits for qualifying unemployed workers. There was a misunderstanding. Most employers pay FUTA tax on federal and state unemployment.
