Answer:
$26,750
Explanation:
The computation of the adjusted cash balance is shown below;
= Debit balance in the cash account - bank service fees - NSF check from a customer
= $28,525 - $140 - $1,635
= $26,750
The other items would be relevant to the bank balance and therefore it should not be considered in the given case
Hence, the adjusted cash balance is $26,750
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Answer:
Is this one of the people that give free points?
Answer:
Rodgers can hedge its foreign risk by using a Contract to buy Yuan in the futures market today at an agreed upon price in 90 days.
Explanation:
Solution
Since Rodgers receives a delivery of paper from the Chinese Company and pays the company in Yuan, so he has to hedge his exchange rate risk by buying or purchasing Yuan future contract for 90 days.
So, Rodgers Incorporation should make a contract to buy Yuan in the future market today at an agreed price in 90 days.
Answer:
Penalty APR and When It Applies
Explanation:
A Schumer Box is a table that explains the costs of a credit card in the United States. It has sections like:
-Annual Percentage Rate (APR) for Purchases: It indicates the annual rate that you will be charged when you use the credit card to make a purchase.
-How to Avoid Paying Interest on Purchases: It indicates the specific situation in which you would be exempted from paying interest on a purchase.
-Penalty APR and When It Applies: It indicates the specific situations in which you would have to pay a higher interest rate as an infraction for things like making a late payment.
-Variable Rate and Balance Computation: It indicates how the interest rate can change and how the finance charge is calculated.
According to this, the answer is that the section of a Schumer Box that discusses what happens when a payment is late is Penalty APR and When It Applies.