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aleksklad [387]
3 years ago
9

Skysong, Inc. wrote checks totaling $31510 during October and $34410 during November. $29960 of these checks cleared the bank in

October, and $33615 cleared the bank in November. What was the amount of outstanding checks on November 30?
Business
1 answer:
anyanavicka [17]3 years ago
4 0

Answer:

Amount of outstanding checks on Nov 30 = $1550+$795 = $ 2345

Explanation:

total amount outstanding in october = 31510-29960= $1550

total amount outstanding in Novemeber = 34410-33615 =  $795

So amount of outstanding checks on Nov 30 = $1550+$795 = $ 2345

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Southwestern Bank offers to lend you $50,000 at a nominal rate of 6.5%, compounded monthly. The loan (principal plus interest) m
Mandarinka [93]

Answer:

0.03%

Explanation:

Southwestern Bank

The Effective annual interest rate of Southwestern bank compounded monthly would be

First step

Calculation for the Effective annual rate of Riverside Bank:

rR = (1 + (0.065/12))^12 = 1.067

Second step

Calculation for the Effective annual rate of Midwest Bank:

rM = (1 + (0.07/1))^1 = 1.07

The effective annual rate of Midwest Bank is higher by :

(1.07 -1.067)

=0.003 % or 0.3%

Therefore the higher or lower is the effective annual rate charged by Woodburn versus the rate charged by Southwestern would be 0.03%

7 0
3 years ago
Joe Corporation produces and sells two products. In the most recent month, Product C90B had sales of $19,950 and variable expens
8_murik_8 [283]

Answer:

Decrease

Explanation:

Calculation to determine overall break-even point for the entire company

Contribution margin for C90B = ($19,950-

$5,985)/$19,950

Contribution margin for C90B = 70%

Contribution margin for Y45E =( $26,190- $10,476)/$26,190

Contribution margin for Y45E= 60%

Therefore Based on the above calculation if the sales mix were to shift toward Product C90B with total dollar sales remaining constant, the overall break-even point for the entire company

Would DECREASE reason been that C90B have more contribution margin ratio of 70% compare to Y45E which had contribution margin ratio of 60%

4 0
3 years ago
A realtor is trying to predict the value of a home. He has quantitative data available and has evidence that the home price has
nadya68 [22]

Answer:

a. linear regression.

Explanation:

Based on the information provided within the question it can be said that in this scenario the best choice would be a linear regression model. That is because this type of approach deals with seeing to what extent there exists a relationship between two variables. Which in this case would be the quantitative data/prices and the square footage of the home.

6 0
3 years ago
What is goodwill in a business sale and why is it amortized in the business financial statements
astra-53 [7]

Answer:

See below

Explanation:

Goodwill arises when is a business is acquired as a going concern. It is an intangible asset of a business. Goodwill represents the value of a company's customer base, its location, any patents, and the brand name. It consists of the value of suppliers, customers, and employee relationships that facilitates the smooth running of the business.

The value of goodwill is the difference between the purchase price and the net cost of its tangible and other intangible assets of a business. Amortization of goodwill means spreading the cost of goodwill to several financial years.

Goodwill is amortized because the business benefits from the goodwill for many years.  In other words, the expenditure on goodwill will profit the company in more than one financial year. As per the matching principle, expenses and incomes should be recognized in the period they occur. As benefits will be enjoyed in many years, the expenses should also be spread in similar years.

7 0
3 years ago
In what ways do the benefits of free enterprise affect your daily life? List as many examples as you can. Consider neighborhood
Kobotan [32]

well think about it in a variety of different ways, a free market economy can affect anyone's daily life, that being, in a free market economy a person can make any choice he or she wants with little or no government interference


hope I was able to help ~kashout kam

6 0
3 years ago
Read 2 more answers
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