Answer:
b. $ 14,000
Explanation:
In the cash section of balance sheet, it includes cash on hand, cash in check accounts and normal deposit with term lower than 3 months.
Thus in this case, the cash should be reported in the statement = Cash in Bank - checking account of $13,500 + Cash on hand of $500 = $14,000
Post-dated checks received totaling $3,500 is a check on which the issuer has stated a date later than the current date, so it is not reported in current position
Certificates of deposit totaling$124,000 is reported in investment (short term or long term subject to the tenor of deposit)
Answer:
A financial management information system generates data that recipients find to be relevant to their decision-making and reporting processes.
Answer:
c. $26,000.
Explanation:
The computation of the actual reserve is as follows:
Actual reserve is
= Reserve requirement + excess reserve
= $80,000 × 20% + $10,000
= $16,000 + $10,000
= $26,000
hence, the actual reserve is $26,000
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
-203.4%
Explanation:
Initial investment = 2,500*349*10%
Initial investment = 87,250
Return = (278 - 349) * 2,500 unit
Return = -71 * 2,500 unit
Return = -177,500
Return on invested capital = Return / Initial investment
Return on invested capital = -177,500/87,250
Return on invested capital = 2.034383954154728
Return on invested capital = -203.4%
