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Vaselesa [24]
3 years ago
6

A bank reconciliation revealed cash per the bank statement of $1,484, cash per company records of $1,681, bank charges of $11, d

eposits in transit of $317, outstanding checks of $221, and NSF checks of $90. The correct cash balance is?
Business
1 answer:
kotegsom [21]3 years ago
4 0

Answer:

Correct cash balance is $  1,580

Explanation:

Balance as per cash book                                                    $ 1,681

Less: Bank charges                                                               $ (    11)  

Less: NSF cheques                                                                <u>$ (   90)</u>

Adjusted balance per cash book                                         <u> $ 1,580</u>

Balance per bank statement                                                  $ 1,484

Add: Deposits in transit                                                          $    317

Less; Outstanding checks                                                      <u>$ (  221)</u>

Adjusted balance per bank statement                                <u>$ 1,580</u>

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Answer:

The multiple choices are as follows:

18.6%

14.0%

22.8%

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The second option is the correct answer,14%

Explanation:

The capital asset pricing asset model formula for computing a firm's cost of equity according to Miller and Modgiliani is given below:

Ke=Rf+Beta*(Mr-Rf)

Rf is the risk free of 2% which is the return expected from zero risk investment such as government treasury bills.

Beta is how risky an investment in a company is compared to similar businesses operating in similar business sector of the company given as 2.0

Mr is the expected return on market portfolio which 8%

Ke=2%+2*(8%-2%)

Ke=2%+2*(6%)

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3 years ago
We made a distinction between pro-business policies and pro-market policies. Which of the following is a way to put that distinc
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Answer:

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Using the percentage of receivables method for recording bad debt expense, estimated uncollectible accounts are $11,000. If the
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Answer:

Adjustment balance will be $13800

Explanation:

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Answer:

Explanation:

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Net income $47,800

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