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Firlakuza [10]
3 years ago
5

Marston Corp. writes 28 checks a day for an average amount of $398 each. These checks generally clear the bank 3 days after they

are written. In addition, the firm generally receives 40 checks with an average amount of $502 each. Deposited amounts are available after an average of 2.5 days. What is the firm's disbursement float?
Business
1 answer:
irina [24]3 years ago
7 0

Answer:

The Marston Corp. disbursement float is  $ (16,768.00)

Explanation:

The firm writes 28 checks a day for an average amount of $398 each, is equal to say = 28 * $398 =  $ 11,144.00 . If these checks generally clear the bank 3 days after they are written, then =  $ 11,144.00 * 3 =  $ 33,432.00

And, the firm generally receives 40 checks with an average amount of $502 each, is equal to say = 40 * $502 =  $ 20,080.00 . If the deposited amounts are available after an average of 2.5 days, then = $ 20,080.00  *  2.5 =  $ 50,200.00

The Marston Corp. disbursement float is  = $ 33,432.00  -  $ 50,200.00 =

$ (16,768.00)

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<h3>What is Supply chain and logistics?</h3>

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Inconclusion <u>supply chain </u>involve(s) both manufacturing and procurement with multiple manufacturers, suppliers, and retail companies.<u> logistics </u> refers to distribution activities in one company.

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2 years ago
On June 1, 2016, Skylark Enterprises, a calendar year LLC reporting as a sole proprietorship, acquired a retail store building f
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Answer:

Skylark Enterprises

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Explanation:

a) Data and Calculations:

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Property disposal date = June 21, 2020

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Cost allocated to Building = $400,000

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4 0
3 years ago
Serotta Corporation is planning to issue bonds with a face value of $450,000 and a coupon rate of 16 percent. The bonds mature i
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Answer:

1. Dr Cash 481,588.61

    Cr Bonds payable 450,000

    Cr Premium on bonds payable 31,588.61

2. March 31

Dr Interest expense 14,447.66

Dr Premium on bonds payable 3,552.34

    Cr Cash 18,000

June 30

Dr Interest expense 14,341.09

Dr Premium on bonds payable 3,658.91

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Dr Interest expense 14,231.32

Dr Premium on bonds payable 3,768.68

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Dr Premium on bonds payable 3,881.74

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3. carrying value = $466,726.94

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face value = $450,000

maturity = 2 years x 4 = 8 periods

coupon rate = 16% / 4 = 4%

coupon = $18,000

YTM = 12% / 4 = 3%

using a financial calculator, the PV of the bonds = $481,588.61

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Dr Interest expense 14,447.66

Dr Premium on bonds payable 3,552.34

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amortization second coupon = ($478,036.27 x 3%) - $18,000 = $3,658.91

Dr Interest expense 14,341.09

Dr Premium on bonds payable 3,658.91

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Dr Interest expense 14,231.32

Dr Premium on bonds payable 3,768.68

    Cr Cash 18,000

amortization fourth coupon = ($470,608.68 x 3%) - $18,000 = $3,881.74

Dr Interest expense 14,118.26

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3 years ago
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Answer:

a.  $1,375

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Explanation:

FIFO method

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LIFO method

LIFO assumes that the inventory to arrive last will be sold first. Inventory values depend on recent purchases

Inventory =  130 x $7 + 55 x $6

                = $1,240

7 0
3 years ago
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