Answer:
$5,570
Explanation:
The purpose of a bank reconciliation statement is to reconcile the difference between Cash Book balance and Bank Statement balance. Also it is used to check accuracy of Cash Book and the accuracy of Bank Statement.
Graham, Inc.'s April bank reconciliation statement is prepared as :
Graham, Inc.
Bank reconciliation statement as at April 30
Balance as per Bank Statement $5,120
Add outstanding lodgments $800
Add back error at the bank $115
Less unpresented checks ($465)
Balance as per Cash Book $5,570
therefore,
The reconciled cash balance at April 30 on the bank reconciliation should be $5,570.
Answer:
$6,000
Explanation:
The net operating income will increase by $6,000;
$70,000*30%-$15,000=$6,000
As the CM ratio is 30% and $15,000 are fixed expenses,net result will be increase in net operating income.
Answer:
A. -0.80
B. 2.20
Explanation:
A. Calculation for your net profit on the option if Pfizer’s stock price does not change over the life of the option
Net profit per share=max(53-55,0)-0.80
Net profit per share=0-0.80
Net profit per share=-0.80
Therefore your net profit on the option if Pfizer’s stock price does not change over the life of the option is -0.80
b. Calculation for your net profit on the option if Pfizer’s stock price falls to $50 and you exercise the option
Net profit per share
=max(53-50,0)-0.80
Net profit per share=3-0.80
Net profit per share=2.20
Therefore your net profit on the option if Pfizer’s stock price falls to $50 and you exercise the option is 2.20
Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the given data are as follows:
Total cost = $8,600
Total units = 400 Units
Direct labor hour per unit = 5
Variable cost = $1.50
So, we can calculate the fixed cost by using following formula:
Fixed cost = Total cost - Total Direct labor cost
Where, Total direct labor cost = $1.50 × 5 × 400 = $3,000
By putting the value in the formula, we get
Fixed cost = $8,600 - $3,000
= $5,600
