1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yuradex [85]
3 years ago
11

Wilson Company had the following cash balance items listed in its trial balance at 12/31/2021: Peterson Savings and Loan: $ 50,0

00 Right Bank: (5,000) Clinton County Trust Bank: 10,000 If Wilson reports under U.S. GAAP, its 12/31/2021 balance sheet would show what cash balance?
Business
1 answer:
lisabon 2012 [21]3 years ago
7 0

Answer:

$55,000

Explanation:

Given that,

Trial balance at 12/31/2021:

Peterson Savings and Loan = $ 50,000

Right Bank = (5,000)

Clinton County Trust Bank = 10,000

Therefore,

The Cash Balance will be :

= Peterson Savings and Loan + Trust Bank - Right Bank

= $50,000 + $10,000 - $5,000

= $55,000

The Cash Balance would be $55,000.

You might be interested in
What do individual shareholders gain when they buy shares of a company’s stock?
Sholpan [36]
A partial ownership in the corporation.
3 0
3 years ago
If an increase in the supply of a product in the market results in a decrease in price, but no change in the quantity traded, th
Digiron [165]
<span>If an increase in the supply of a product in the market results in a decrease in price, but no change in the quantity traded, then the quantity of products will be growing and growing in the stock. this will again lead to a decrease in price and consumes more time to sale their stock. This will create a heavy loss to the investor. It may be overcome by innovative thoughts such as stopping the production of current product and launching a new product with available materials. So that it will balance the production and sale.</span>
6 0
3 years ago
Blue Spruce, Inc. is considering purchasing equipment costing $72000 with a 6-year useful life. The equipment will provide annua
Stella [2.4K]

The approximate internal rate of return for this investment is $0.054.

<h3><u>What is rate of return?</u></h3>
  • The net gain or loss of an investment over a given time period, stated as a percentage of the investment's starting cost, is known as a rate of return (RoR).
  • You determine the percentage change from the start of the period to the end when computing the rate of return.
  • Any type of investment instrument, including real estate, bonds, equities, and fine art, can be subject to a rate of return (RoR).

Any asset can be used with the RoR as long as it is purchased once and generates cash flow at some point in the future. The attractiveness of various investments can be determined, in part, by comparing their historical rates of return to those of comparable assets.

We have, (Net Annual cash inflow x PV of an Annuity of 1 at 10%) - Initial Investment = Net present value (find closest to zero))

($17,514 x 4.111) = $72000.054 - $72,000 = $0.054 (closest to zero).

Know more about rate of return with the help of the given link:

brainly.com/question/24232401

#SPJ4

6 0
1 year ago
It is important to strengthen the presentation through the use of charts, catalogs, brochures, pictures, ads, illustrations, map
aliina [53]

Answer:

Presentations are a vital source of marketing a product. The sales team can impact a client by its presentation skills. The presentation is impacting if it contains graphs, charts and pictures. This enables the client easy comparison among other products.  

Explanation:

The presentations helps the sales team to market their product easily. The brochures, pictures, catalogs and graphs are used for easy illustrations. They help the managers and clients to easily understand the product features and its performance over years with comparison of other products.

7 0
3 years ago
9 a company reports its 2010 cost of goods sold at $15.0 million. its ending inventory for 2010 is $1.6 million and for 2009, en
sasho [114]
My guess is a.$14.6. I might be wrong.
3 0
3 years ago
Other questions:
  • All of the following are characteristics of SMART goals except
    7·1 answer
  • Javier, a homeowner, files a lawsuit against dean, his construction contractor. they meet with their attorneys to try to resolve
    9·1 answer
  • Wich type of financial institutions typically has a membership requirement ?
    11·2 answers
  • The discussion of the standards for selection of peanuts that will be used in M&amp;Ms and the placement of the M&amp;M logo on
    14·1 answer
  • Define rent seeking. Rent seeking is attempting to transfer surplus from one group to another, for firms it usually involves: re
    8·1 answer
  • Under a fixed exchange rate system, the government bears the responsibility to ensure that the BOP is near zero. If the sum of t
    7·1 answer
  • Will there always be a demand for inferior goods? how could demand for an inferior good decrease? explain.
    15·1 answer
  • A utility company constructed a building costing approximately $2 million that encroached on a rancher's property. The rancher i
    15·1 answer
  • Rohan wants to buy part of a company, and is interested in stocks. He knows that his favorite company, Apple, is traded on the s
    7·1 answer
  • Statement: "We have permitted ourselves to be stampeded into a life of unnatural and dangerous high pressure. We pace
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!