Answer:
Cash $10,430 ; Cash equivalents $20,400
Explanation.
Cash consist of all currencies in hand or any convertible asset which can be converted to cash immediately.
It is to be noted that the assets with high liquidity will be included in cash and cash equivalent balance. They can quickly be converted to cash and would normally have 90 or lesser days to mature.
Solution.
$
Cash in bank. 8,540
Petty cash. 250
Check from customer. 1,350
Money order. 290
Cash. 10,430
The check has a very short maturity period since it will clear within 3-4 working days.
Money order can be cashed immediately .
Therefore;
Cash value is $10,430
For cash equivalent,
Cash equivalent = Money market fund balance + Treasury bills maturing in 60days
Cash equivalents = $10,400 + $10,000
=$20,400.
The amounts considered as cash and cash equivalents as of 31 December are ;
Cash $10,430 , $20,400 respectively.
Answer:
1 and 6, 3 and 4, 8 and 9, 2 and 7
Explanation:
1 and 6: For developing IR policy, roles and responsibilities for informatino security must be clearly defined
3 and 4: a single trainer working with multiple trainees is trainees receiving presentation
8 and 9: An online resource for IR can serve as a training case for staff
2 and 7: an unsual pattern in a system log can be risky for the business
Answer:
The answer is a. Market value per share is the price at which a stock is bought and sold.
Explanation:
For shares that are listed in the stock exchange, the market value per share is the price of share at which share is currently traded. In other words, this is the fair value of the share and at this price, share can be readily sold or bought.
(b) is not correct because it describes the commitment (usually made by an investment bank) to purchase newly issued shares at predetermined price when those shares are not purchased by other investors in the market.
(c) describes a type of stock rather than the definition of market value per share.
(d) describes Preemptive right rather than the definition of market value per share.
Answer:
A
- M1 change = $500
- M2 change = $0
B
- M1 change = -$340
- M2 change = -$180
Explanation:
A. M1 includes actual liquid cash in hand as well as cash in checking deposits.
M2 includes M1 as well as savings deposits and time deposits amongst others.
M1 change = +$500
$500 went from the Savings account which was not part of M1 to M1.
M2 change = $0
The money went from Savings to Checking which are both part of M2.
B.
M1 change = -$-180 - ( 500 - 180 -160 ) = -$340
Tax of $180 went out of the supply as tax. Jane deposits the remaining cash after paying $160 for goods into the savings account which is not part of M1. That remaining cash is = 500 - 180 - 160 = $160.
M2 change = -500 + 160 + 160 = -$180
For M2, only taxes will reduce money from it because the rest goes to checking deposits and savings accounts both of which are part of M2
