Answer:
Bank Statements.
Payroll Reports.
Invoices.
Leases & Contracts.
Check Registers.
Purchase Orders.
Deposit Slips – not included on a bank statement.
Check Copies – not included on a bank statement
Explanation:
Answer:
Future value is $14,944.22
Interest earned is $7444.22
Explanation:
The amount to earn from Second City Bank is the interest that would have been received at the end of the eight years,
In order to determine the amount of interest,it would be nice to first of all compute the future value-the worth of the savings at the end of eight year using the below formula:
FV=PV*(1+r)^N
PV is the $7,500 invested
r is the compound rate of return is 9%
N is the number of years the amount was invested which is eight years
FV=$7,500*(1+9%)^8
FV=$ 14,944.22
Hence Interest =FV-PV
=$ 14,944.22 -$7,500
=$7444.22
Answer:
Explanation:
Date. Description/Account. Debit. Credit.
1/1/2020. Unearned Compensation. $69,000
Paid - in Capital in Excess of Par. $69,000
Common stock. $10,000
12/31/2020 Compensation Expense. $23,000
Unearned Compensation. $23,000
Answer:
The Current price of stock $35.20
Explanation:
The computation of the current share price is shown below:
Particulars Dividend PVF at 14% Present value
D1 $ 7.50 0.877 $6.58
D2 $8.25 0.769 $6.35
D3 $15.00 0.675 $10.12
D4 $1.80 0.592 $1.07
D5 $1.87
P4 $18.72 0.592 $11.08
1.87 ÷ (14% - 4%)
Current price of stock $35.20
The answer is Cash Price Minus Down Payment
For Example if you want to Borrow $ 10,000 for Loan, and for that you have to pay for a $500 Down Payment.
The amount financed is 10,000 - 500 = $ 9,500