Answer:
See below
Explanation:
Computation of Lola's Corp adjusted cash book balance at February 28, 2017
Lola Corp's book balance
$35,900
Add:
Interest earned on checking account
$75
Less:.
Customer's NSF check returned by the the bank
$325
Add:
Error in recording customer's check
($110 - $101)
$9
Adjusted cash balance
$35,659
Therefore, Lola Corp's adjusted cash book balance as at February 28, 2017 is $35,659
It can cause an influx in currency or extreme inflation depending on where it goes
Answer:
$2,848.94
Explanation:
first of all, we must determine the amount of money that we need to have in our account in order to be able to withdraw $25,000 in 10 years.
You will start making your semiannual deposits today and they will end in exactly 2 years, so we need to find out the present value of the $25,000 in two years:
PV = $25,000 / (1 + 3%)¹⁶ = $15,579.17
that is now the future value of our annuity due:
FV = semiannual deposit x FV annuity due factor (3%, 5 periods)
$15,579.17 = semiannual deposit x 5.46841
semiannual deposit = $15,579.17 / 5.46841 = $2,848.94
Answer:
199.02 units
Explanation:
The computation of the economic order quantity is shown below:
Data provided in the question
Annual demand per year = 5,750 units
The Cost of each units = $96
The inventory carrying cost per unit per year = $9
The average ordering cost per order = $31
So, economic order quantity is
= 199.02 units
Hence, the economic order quantity is 199.02 units
Answer:
$8,780
Explanation:
According to the planning budget, the monthly operating cost for the vehicle is:
Where 'd' is the number of snow-days.
If the company has planned for 16 snow days, then the operating cost in the planning budget would be:
The planning budget for December would be $8,780
