Answer:
$49,000
Explanation:
The cash balance at the end of the period is the remaining balance after considering the opening cash balance and the net movement (which is the inflow and outflow) in cash during the period.
Let the cash payments be y
$29000 + $50000 - y = $30,000
y = $29000 + $50000 - $30,000
y = $49,000
Cash payments for the month of May were $49,000
Answer: The answer is given below
Explanation:
a. What is the true monthly rate of interest?
The monthly rate of interest will be the annual percentage rate of charge given in the question divided by the number of months. This will be:
= APR/12
= 6.5%/12
= 0.065/12
= 0.0054
= 0.54%
b. What is the EAR?
The effective annual rate will be calculated using the formula:
EAR = (1 + (APR / m)^ m) - 1
EAR = (1 + (0.065/ 12)^12) - 1
EAR = [(1 + 0.0054)^12] - 1
EAR = (1.0054)^12 - 1
EAR = 1.06676 - 1
EAR = 0.06676
EAR = 6.68%
Answer:
The correct answer are Expected revenue and Opportunity amount.
Explanation:
The term "expected revenue" refers to the expected amount of money that the company will obtain from sales, services and additional revenue streams. The term "income" includes all the money earned before dividing it into wages, compensation, marketing expenses and so on. In other words, revenue refers to all funds obtained by a company before deductions.
On the other hand, the amount of opportunity refers to the effective control of an organization that must take corrective action in time if necessary, since they must be applied in time, before a large deviation from the planned objectives with in advance Therefore, the information provided by a Management Information System must be available in time to act on it.
Answer:
Explanation:
When preparing tax returns, a company uses different rules from those used to prepare financial statements.