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spin [16.1K]
3 years ago
9

The Cash T-account of Rainbow, Inc. has a beginning balance of $52,000. During the year, $244,000 was debited and $241,000 was c

redited to the account. What is the ending balance of cash?
Business
1 answer:
morpeh [17]3 years ago
5 0

Answer:

Ending balance will be equal to $55000

Explanation:

We have given beginning balance = $52000

Debited amount = $244000

And credited amount = $241000

We have to find the ending balance of cash

Ending balance is given by

Ending balance = beginning balance + credit amount - credited amount

So ending balance =52000+244000-241000=55000

So ending balance will be equal to $55000

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Round Dot Inns Is preparing a bond offering with a coupon rate of 6 percent, paid semiannually, and a face value of $1,000. The
lbvjy [14]

Answer:

a.The bonds will sell at a premium if the market rate is 5.5 percent.

Explanation:

Following information provided in the question

Coupon rate = 6%

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And if we consider the interest rate 5.5%

So as we can see than the interest rate or market rate is less than the coupon rate or we can say that the coupon rate is more than the market rate so the bond is sell at a premium

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2 years ago
Which of the following statements is NOT CORRECT? a. An important step in applying the corporate valuation model is forecasting
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Answer:

E. The corporate valuation model discounts free cash flows by the required return on equity.

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3 years ago
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Answer:

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8 0
3 years ago
Ayayai Corp. sells merchandise on account for $2100 to Marigold Company with credit terms of 2/9, n/30. Marigold Company returns
Lisa [10]

Based on the fact that Marigold Company returned some merchandise and paid within the discount period, the check amount would be <u>$1,960.</u>

<h3>What would be the check amount?</h3>

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Find out more on discount periods at brainly.com/question/2192821.

4 0
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Answer:

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