Answer:
the present value of this growing perpetuity is $83,692.31
Explanation:
The computation of the present value of this growing perpetuity is shown below:
present value of this growing perpetuity is
= Payment at end of this year ÷ (Discount rate - Growth rate)
= $2,176 ÷ (0.09-0.034)
= $83,692.31
Hence, the present value of this growing perpetuity is $83,692.31
Explanation:
Credit purchase : When goods are purchased on credit , cash does not go out , but supplier or creditor becomes the giver. Therefore , goods or purchases account is debited and supplier or creditor account is credited.
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Answer:
Consider the following explanation.
Explanation:
1. True. It is generally seen in the automobile market. The purchased inventory serves as the collateral for the loan.
2. True. The higher capital provides support for the continued solvency of these comapanies.
3. False, The federal reserve has the right and authority to regulate finance companies.
4. This statement is true.
5. True. They also charge higher interest rates than banks for bearing the risk of poor credit of these borrowers.
Answer:
d) 1.32
Explanation:
The quick ratio uses only the most liquid current assets.
cash 48,000
AR 130,000
Short Term receivable 150,000
<em>Total 328,000</em>
<em><u>Important:</u></em> Sometimes it is enought by subtracting inventory from current assets
Current liabilities
account payable 230,000
short-term notes payable 10,000
unearned revenue 8,000
<em>Total 248,000</em>
<em>Quick Ratio</em>
Answer: $31,625
Explanation:
To find out the adjusted cash balance per the bank records we will do the following,
First we'll add the deposits in transfer as the bank account already has those,
= 29,361 + 3,650
= $33,011
The bank incorrectly increased a check issued to $94 from $49 so we add the difference to above amount
= 33,011 + (94 - 49)
= $33,056
Then finally we subtract the outstanding checks.
= 33,056 - 1,431
= $31,625
The adjusted cash balance per the bank records should be $31,625.
