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frozen [14]
3 years ago
12

Sarah opened her last month's bank statement, today, to find she had an ending bank balance according to First Bank of Broad Rip

ple, of $3,481.55. Her checkbook showed a balance of $2,715.83. She was surprised to find the Bank had charged her $37.40 in fees, even though she did earn $1.02 in interest. In addition, she had made a deposit just today of $12.90 cents, and had written a check yesterday for her rent of $815.00. This means that her adjusted Bank balance must be: Group of answer choices
Business
1 answer:
liraira [26]3 years ago
4 0

Answer:

the reconciliated bank statement will be for 2,679.45

Explanation:

bank balance         3,481.55

deposit in transit         12.90

outstanding checks (815)

adjusted bank        2,679.45

account balance   2,715.83

services change           1.02

fees                           (37,40)

adjusted account   2679,45

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China Importers would like to spend $215,000 to expand its warehouse. However, the company has a loan outstanding that must be r
Nimfa-mama [501]

Answer:

Yes;a.because the money will be recovered in 2.10 years

Explanation:

Assume the company takes uses the loan to expand, how much time will it take to pay back the loan?

This can be expressed as;

T=F+S+T

where;

T=total cash flow needed to repay the loan

F=cash flow for the first year

S=cash flow for the second year

T=cash flow for needed in the third year to pay the loan

In our case;

T=$215,000

F=$60,000

S=$140,000

T=unknown

replacing;

215,000=60,000+140,000+T

T+200,000=215,000

T=215,000-200,000=15,000

The cash flow needed in the third year to pay the loan=$15,000

Determine how long it will take to raise $15,000 in the third year;

total cash flow in the third year=$150,000

1 year=$150,000

To raise $15,000=15,000/150,000=0.1 years

Total number of years=1+1+0.1=2.1 years

It will take 2.1 years to pay back the loan.

The firm should expand since the money will be recovered in 2.1 years even before the repayment period.

4 0
3 years ago
You are going to deposit $26,000 today. You will earn an annual rate of 6.1 percent for 11 years, and then earn an annual rate o
yawa3891 [41]

Answer:

Total value in the account after 25 years = $105,530.26

Explanation:

The value of an amount invested at a certain rate of return for certain number of years where interest compounded annually is known as the future value.  

The future value of an investment can be determined using the future value formula. This formula is stated below:

FV = PV × (1+r)^(n)

FV - Future Value , PV- Present Value, r-rate of return, n- number of years

<em>For the first compounding, 6.1% for 11 years</em>

<em>PV - 26,000, r- 6.1% and n- 11</em>

FV = 26,000 × (1.061)^11 = 49,870.367

<em>For the second round of compounding at 5.5% for 14 years</em>

<em>PV - </em> 49,870.367 , r -5.5%, n- 14

FV = 49,870.367× 1.055^14 = 105,530.259

Total value in the account after 25 years = $105,530.26

5 0
2 years ago
Which of the following is NOT a valid principle of bottleneck​ management?
Gekata [30.6K]

Answer: Option (B)

Explanation:

In project and production management,  bottleneck is referred to as one of the process under chain of processes, so that reduced limited capacity tends to reduce capacity of whole chain. The result or outcome of having the bottleneck is the stalls in supply overstock, production, pressure from consumers and also the low employee morale.

8 0
2 years ago
You are thinking of opening a Broadway play, I Love You, You’re Mediocre, Now Get Better! It will cost $5 million to develop the
Alex Ar [27]

Answer:

39 weeks

Explanation:

initial investment = $5 million

Your goal is to a better person and get rich by doubling your development costs. You want to earn $10 million in profits, so you will need to sell a lot of seats.

8 shows per week x 100 weeks = 800 shows

revenue per ticket = $50 + $1.50 = $51.50

tickets sold per show = 800 x 80% = 640

total revenue per show = 640 x $51.50 = $32,960

variable cost per show (assuming 7 nights per week) = $7,000 / 8 = $875

contribution margin per show = $32,960 - $875 = $32,085

number of shows needed to earn $10 million in profits = $10,000,000 / $32,085 = 311.67 shows

number of weeks = 311.67 / 8 = 38.96 ≈ 39 weeks

4 0
3 years ago
A firm with an A rating plans to issue one million units of a 10 year-4% bond with face value $100. After the financial crisis t
GenaCL600 [577]

Answer:

a)$103.309 million initially b)$83.309 million c)240070 bonds more

Here is the complete question:

A firm with an A rating plans to issue one million units of a 10 year-4% bond with face value $100. After the financial crisis this firm is downgraded to a B rating. The yield curve increases 0.2% per year. The yield for year 1 is y1=1%, for year 2 is y2=1.2%, y3=1.4% and so on and y10=2.8%. The default spreads are given in the table below.

(a) What is the initial amount (before downgrading) the firm wants to raise?

(b) How much can this now B rated firm raise?

(c) If the firm wants to raise the planned amount, how many more bonds does it issue?

Rating Default spread

AAA 0.20%

AA 0.40%

A+ 0.60%

A 0.80%

A- 1.00%

BBB 1.50%

BB+ 2.00%

BB 2.50%

B+ 3.00%

B 3.50%

B- 4.50%

CCC 8.00%

CC 10.00%

C 12.00%

D 20.00%

Explanation: The explanation is found in the attachment

8 0
3 years ago
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