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kodGreya [7K]
2 years ago
12

Jamison Company developed the following reconciling information in preparing its June bank reconciliation: Cash balance per bank

, 6/30 $13,000 Note receivable collected by bank 4,000 Outstanding checks 7,000 Deposits-in-transit 2,500 Bank service charge 35 NSF check 1,900 Using the above information, determine the cash balance per books (before adjustments) for the Jamison Company. a. $8,065 b. $10,565 c. $15,065 d. $6,435
Business
1 answer:
Alex787 [66]2 years ago
3 0

Answer:

c. $15,065

Explanation:

In bank reconciliation the book balance is adjusted using some adjustments made by the the bank and still pending by the business. We make an adjusted balance of cash book balance and bank statement balance to reconcile the amounts.

Cash balance per book 6/30    $13,000

+ Note receivable                      $4,000

- Bank charges                          $35

- NSF check                               <u>$1,900  </u>

Adjusted Cash book balance   <u>$15,065</u>

Note receivable is received in the bank but not been recorded by the business. It will be added to the balance because it will increase the balance.

Bank charges are deducted by the bank but not been recorded by the business it will be deducted.

NSF check have already added by the balance but its not been cleared. So it needs to be deducted form the Book balance.

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You are holding a stock that has a beta of 1.39 and is currently in equilibrium. The required return on the stock is 20.47%, and
r-ruslan [8.4K]

Answer: 26.73%

Explanation:

You can calculate the expected return using the Capital Asset Pricing Model (CAPM).

Formula is:

Expected return = Risk free rate + beta * (Market return - risk free rate)

Use the previous figures to solve for the risk free rate:

20.47% = Rf + 1.39 * (16.50% - Rf)

20.47% = Rf + 22.935% - 1.39R

20.47% - 22.935% = Rf - 1.39Rf

-2.465% = -0.39Rf

Rf = -2.465% / -0.39

= 6.32%

New expected return is:

= 6.32% + 1.39 * (21% - 6.32%)

= 26.73%

7 0
3 years ago
Jensen was unable to meet a project deadline, and he noticed that his friend was finding it equally difficult to complete the pr
laiz [17]

The perception of Jensen to blame the management regarding the unavailability of resources is a representation of defensive bias.

<h3>What is bias?</h3>

A bias is a partial psychological orientation, which represents favor towards a particular thing or condition.

When someone does want to blame himself for not being able to complete the tasks being assigned, such a person will represent a defensive bias, so that he diverts the blame from himself.

Hence, the defensive bias of Jensen is represented in the situation as aforementioned.

Learn more about bias here:

brainly.com/question/1236875

#SPJ1

5 0
2 years ago
Consider the following items: • Land • Accounts Receivable • Notes Payable (due in three years) • Accounts Payable • Retained Ea
sashaice [31]

Answer:

Land, Building and equipment

Explanation:

As we know that

Total assets include current assets, fixed assets and intangible assets Current assets involve cash, stock, account receivables, etc. Fixed assets comprise plant & machinery, property, equipment, furniture & fittings, etc.

So according to the given situation, the land, building and the equipment is considered generally as a long term asset

4 0
3 years ago
A government announces it will impose an indirect tax on the price of petrol because it wants to discourage travel by car and en
balu736 [363]

The correct answer to this open question is the following.

Here we do not have a question. Just a statement.

What is your question? What do you want to know?

However, trying to help you we can comment on the following.

If the government announces it will impose an indirect tax on the price of petrol because it wants to discourage travel by car and encourage the use of bus and rail services instead, it had to make sure that the impact will have the expected benefits because that could not always be the case.  

Some other considerations need to be made for this to happen. For instance, if the government wants to dissuade people to use their cars, the government has to make sure that the public transportation system is in optimal conditions, it is safe to ride, and can guarantee the transportation times for people to be on time in their jobs.

Otherwise, people will still be driving their cars because they think that using cars is a more safe and better way to travel.

Public transportation also has to comply with strict pollution emissions controls.

3 0
3 years ago
Why did suffragettes split into two rival organizations (nwsa and awsa?
abruzzese [7]
This two women advocates groups for American women voters separated due to irreconcilable views on the <span>Fifteenth Amendment to the United States Constitution. NWSA will not support the Amendment if women vote is not included. AWSA, on the other hand, supported the  </span><span>Fifteenth Amendment also supports the secure vote for African American men, women's vote should not be included because it will endanger the Amendments approval in congress.</span>
5 0
3 years ago
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