Answer:
d.Prepaid Insurance
Explanation:
At the end of the accounting year temporary accounts are closed to capital account.
Temporary accounts include revenue accounts, expense accounts, gains and losses. These accounts now begin the new year with zero balances. They are used to determine profit or loss position at year end.
Permanent accounts on the other hand are not closed, but balance is carried forward to next year.
Prepaid insurance is a permanent account and is not closed at end of year.
Answer:
Bank reconciliation for Candace Co. for May 31
Amount in $ Amount in $
Balance per Bank statement 2,936
Less;
Outstanding checks (465)
Add;
Deposits in transit 655
Bank charge 50
Erroneous check to supplier <u> 18</u> <u> 723</u>
Balance per cash account <u>3,194 </u>
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 outstanding checks has been deducted from the cash book hence it will be deducted from the bank statement balance in the reconciliation statement.
The bank charges is yet to be recorded in the cash books as a deduction hence it will be added back to the bank statement balance in the reconciliation statement.
The bank deposit has been recorded as an inflow in the cash balance hence it will be added to the bank balance in the reconciliation statement.
The erroneous check amount difference
= $97 - $79
= $18
This will be added to the banks balance as it has been underdeducted in the cash balance in the reconciliation statement.
Answer:
$28.57
Explanation:
Dividend growth model can only be used in a situation where the firm pays a dividend which can tend to grow at constant rates reason been that the stock has been influenced by the growth rates which is involved in the dividends which means the firm can increase the dividends.
Therefore the Dividend that is to be paid next year will be:
$2Growth rates
5 %Rates of return
12% Return on Investment
Formular for the calculation of current price of the stock = D1/(r-g)
Where:
D1=2%
r=12%
g=6%
Hence:
2/ (0.12-0.05)= $ 33.33
=2/0.07
=$28.57
Therefore the amount I should be prepared to pay for the stock today will be $28.57
Sasha recalling the brand of toothpaste she used only when a marketing researcher mentioned the brand is known as aided recall.
Aided recall is a marketing strategy that help to create products awareness through advertisement.
Based on the information given Sasha was able to recall or remember the toothpaste with the help of the marketing researcher .
Mentioning the toothpaste brand help to facilitate Shasha memory thereby enabling her recall the toothpaste.
Inconclusion Sasha recalling the brand of toothpaste she used only when a marketing researcher mentioned the brand is known as aided recall.
Learn more about aided recall here:brainly.com/question/14949641