Answer:
Question 1
B. $41,910
Question 2
C. Debit to interest receivable for $90
Explanation:
Question 1
Calculation for the adjusted cash balance
Using this formula
Adjusted cash balance = Cash balance per books +Deposits in transit - Outstanding checks
Let plug in the formula
Adjusted cash balance= $43,860+$16,800-$18,750
Adjusted cash balance= $41,910
Therefore Adjusted cash balance is $41,910
Question 2
Based on the information given The Appropriate journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:
Debit to interest receivable for $90 which is calculated as:
Interest receivable=[(6%*$18,000*90days/360)/3]
Interest receivable=$270/3
Interest receivable=$90
Answer:
The law of demand is an economic principle that states that consumer demand for a good rises when prices fall while conversely, consumer demand falls when prices rise. ... As a result, the price consumers are willing to pay for a good decline as their utility decreases.
<span>The laser on a dvd disc operates at a higher frequency then the laser on a cd drive and allows the data to be more tightly packed on the disc</span>
Answer:
a-1. We have:
Recession EPS = $1.49
Normal EPS = $2.13
Expansion EPS = $2.45
a-2. We have:
Recession percentage change in EPS = -30.00%
Expansion percentage change in EPS = 15.00%
b-1. We have:
Recession EPS = $1.12
Normal EPS = $1.76
Expansion EPS = $2.08
b-2. We have:
Recession percentage change in EPS = -36.36%
Expansion percentage change in EPS = 18.18%
Explanation:
Note: See the attached excel file for the calculations of the EPS and the percentage changes in EPS.
From the attached excel file, we have:
a-1. Calculate earnings per share (EPS) under each of the three economic scenarios before any debt is issued.
Recession EPS = $1.49
Normal EPS = $2.13
Expansion EPS = $2.45
a-2. Calculate the percentage changes in EPS when the economy expands or enters a recession.
Recession percentage change in EPS = -30.00%
Expansion percentage change in EPS = 15.00%
b-1. Calculate earnings per share (EPS) under each of the three economic scenarios assuming the company goes through with recapitalization.
Recession EPS = $1.12
Normal EPS = $1.76
Expansion EPS = $2.08
b-2. Given the recapitalization, calculate the percentage changes in EPS when the economy expands or enters a recession.
Recession percentage change in EPS = -36.36%
Expansion percentage change in EPS = 18.18%