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
1 answer:
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
So ending balance will be equal to $55000
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Answer:
The summary as per the given query is summarized in the explanation section below..
Explanation:
The given values are:
The nominal rate of return,
= 7%
i.e.,
= 0.07
Inflation,
= 4%
i.e.,
= 0.04
- Lengthy-term inflation would lessen the return on investment that lowers the net return as long-term investments are made.
- It can also aim to obtain a higher return that will comfortably exceed the rate of inflation and therefore is beneficial towards diminishing the average return.
Now,
The rate of return will be:
=
On substituting the values, we get
=
=
=
=
Therefore it isn't able to measure the average return rate because the quantity of years for its expenditure.