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
Savatey [412]
3 years ago
7

Logistics Company had the following items listed in its trial balance at 12/31/2018: Balance in checking account, Bank of the Ea

st $ 382,000 Treasury bills, purchased on 11/1/2018, mature on 1/30/2019 19,000 Loan payable, long-term, Bank of the East 330,000 Included in the checking account balance is $49,000 of restricted cash that Bank of the East requires as a compensating balance for the $330,000 note. What amount will Logistics include in its year-end balance sheet as cash and cash equivalents
Business
1 answer:
Elena L [17]3 years ago
4 0

Answer: $352,000

Explanation:

The information needed to calculate the cash and cash equivalent are:

Balance in checking account, Bank of the East = $ 382,000

The restricted cash included in the checking account = $49,000

Treasury bills = $19,000

We subtract the restricted cash from the balance in the checking account and then add it to the treasury bills. This will be:

= ($382,000 - $49,000) + $19,000

= $333,000 + $19,000

= $352,000

You might be interested in
Under what circumstances might a business plan include a funding request for working capital? Select one: a. It is just starting
cestrela7 [59]
A. It is just starting out.
8 0
3 years ago
On July 1 of year 1, Elaine purchased a new home for $665,000. At the time of the purchase, it was estimated that the property t
tamaranim1 [39]

Answer:

The amount of real property taxes that Elaine is allowed to deduct for year 1 is $7150.

Explanation:

Elaine started living in the new home from July, which means that she has been living there for 6 months ( as per current date). But at the time when she purchased the house the total amount of property tax was $13,300 and now it is $14,300.

Since last 6 months she has been living in that home, and current property tax is $14,300 , that means now she is allowed a 50% deduction on the property taxes ,

$14,300 / 2 = $7150

Therefore Elaine is allowed $7150 as amount of deduction on property tax.

5 0
3 years ago
an accountant is 40 years old and has an anticipated retirement age of 70 years old. the accountant plans to save $6,000 per yea
liq [111]

The accountant have upon retirement $336,509.63

What is the future value of an annuity?

The accumulated balance in the accountant's retirement account upon retirement is the future value of $6,000 invested for 3 years earning 4% annual rate of return using the future value formula of an ordinary annuity as shown  below:

FV=PMT*(1+t)^N-1/r

FV=accumulated balance after 30 years=unknown

PMT=annual investment=$6,000

r=rate of return=4%

N=number of annual investments in 30 years=30

FV=$6000*(1+4%)^30-1/4%

FV=$336,509.63

Find out more about future value on:brainly.com/question/20910838

#SPJ1

6 0
1 year ago
Methods of motivating workers in a business (examples)​
Oduvanchick [21]

Answer:

Create a friendly work environment

Acknowledge employees’ achievement

Rewarding employees

Positive communication is the key

Encourage friendly competition

Explanation:

6 0
3 years ago
Which rotation maps point K(8, –6) to K’(–6, –8)?
Mashutka [201]

Answer:

a.

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • The total utility from consuming five donuts is 9, 19, 30, 38, and 45 utils, respectively. Marginal utility begins to diminish a
    14·1 answer
  • Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method
    8·1 answer
  • Larson Manufacturing is considering purchasing a new injectionmolding machine for $250,000 to expand its production capacity. It
    11·1 answer
  • Seller Kim tells her agent Greg that she would be willing to accept $185,000 on her $205,000 listed home. There are no offers on
    14·1 answer
  • A tip of $10 is best for which kind of service?
    15·2 answers
  • What agency provides a tax clearance receipt in the sale of a business?
    5·1 answer
  • You're considering a project with an initial cost of $6400, what is the payback period for this project if the cash inflows are
    5·1 answer
  • Amelie received an email that claimed to be from a Nigerian prince who needed help setting up
    12·1 answer
  • Is money the root of all evil?
    12·2 answers
  • If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopo
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!