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.
Explanation:
I = Prt
I = (10000)(.11)(4) = $4400
Total Cost = Down Payment + Principal Borrowed + Interest
Total Cost = 2000 + 8000 + 4400
= $14,400
Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments
Monthly Payment = (10,000 + 4400) / 48
= $300
APR= (2 × n × I) / [P × (N + 1)]
APR = (2 × 12 × 4400) / [10,000 × (48+1)]
= 21.55%
Answer: See explanation
Explanation:
Based on the information given, we should note that the bond will trade at par at $1000 after six month
The holding period return will be:
= [ P1 - P0] / P0
= [ 1000 - 896.81 ] / 896.81
= 103.19 / 896.81
= 0.1151
= 11.51%
Then, the Annualized rate will be:
= HPR at 6 Months / 6/12
= HPR × 12 / 6
= 11.51% × 12 / 6
= 11.51% × 2
= 23.01%
Annualized Rate = 23.01%
Answer:you would make an agreement on what the best thing to do is, which would go for a middle price, and get more money, and then go for thr other half, and if it is too risky then you could do an agreement where you would work the money off by working for them to earn more money, and then you can do the loan
Explanation:
