Answer:
Option B $17,285 is correct the answer.
Explanation:
<u>Computation Table </u>
<u>Particular Amount</u>
Ending balance $18,600
Add: Deposit in transit $1,550
Less: Outstanding $2,100
Add: NSF check $800
Add: Bank charges $35
<u>Less</u><u>: EFT $1,600
</u>
<u>Cash balance $17285
</u>
<u></u>
Answer:
Return on investment= 87.87
%
Explanation:
Dollar return on investment is the sum of the capital gains and the dividend received all expressed as a percentage of the cost of the investment.
Total cost = 250×104.32=26,080
Total capital gain = (193.65- 104.32)× 250 = 22,332.5
Dividend = $2.34 per share×250 = 585
Dollar return on Investment = (585
+22,332.5)
/26080
× 100
= 87.87
%
Answer:
($1,100,000)
Explanation:
Given that
Loans made to affiliated corporations = $1,400,000
Proceeds from sale of Equipment = $300,000
The computation of net cash provided (used) by investing activities is here below:-
Net cash provided(used) by investing activities = (Loans made to affiliated corporations) - Proceeds from sale of Equipment
= ($1,400,000) - $300,000
= ($1,100,000)
So, for computing the cash provided(used) by investing activities we simply applied the above formula.