Answer:
$50,400
Explanation:
Cash Balance as per bank statement $62,900
[$69700+$25300-$20400+$87600-$99300]
Less: Outstanding checks at April 30, 2020 <u>$12,500</u>
Adjusted Cash balance per bank <u>$50,400</u>
So, the cash balance per books at April 30, 2020 is $50,400
Answer:
B. Target market customers are essential factors for selecting business locations.
<span>It's like a type of a</span><span> account in the current liabilities section of a </span><span>company's um I think balance sheet.</span>
Both have the same interest rate which is 3%.
<h3>
What is interest?</h3>
- In finance and economics, interest is the payment of an amount above the repayment of the principal sum by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate by a borrower or depositor.
- It differs from a fee that the borrower may pay to the lender or a third party.
To find the higher interest rate:
Given that,
- Interest rate per month = 0.25%
- Interest rate per quarter = 0.75%
If we calculate the annual interest for monthly and quarterly rates, it will be:
Monthly
- No. of months in a year = 12
- Monthly rate = 0.25%
So,
- Annual Interest = 0.25 × 12
- = 3%
Quarterly
- No. of quarters in a year = 4
- Quarterly rate = 0.75%
So,
- Annual Interest = 0.75 × 4
- = 3%
Therefore, both have the same interest rate which is 3%.
Know more about your interests here:
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Answer:
- 3.21%
Explanation:
In this question, we use the PV formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Future value = $1,000
PMT = 1,000 × 5% = 50
NPER = 34 years - 1 year = 33 year
Rate of interest = 9%
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value would be $581.42
Now the return would be
= Sale price + interest - purchase price
= $581.42 + $50 - $652.39
= -$20.97
And, the total return would be
= Return ÷ purchase price
= -$20.97 ÷ $652.39
= - 3.21%
