Answer:
b. $ 14,000
Explanation:
In the cash section of balance sheet, it includes cash on hand, cash in check accounts and normal deposit with term lower than 3 months.
Thus in this case, the cash should be reported in the statement = Cash in Bank - checking account of $13,500 + Cash on hand of $500 = $14,000
Post-dated checks received totaling $3,500 is a check on which the issuer has stated a date later than the current date, so it is not reported in current position
Certificates of deposit totaling$124,000 is reported in investment (short term or long term subject to the tenor of deposit)
Answer:
23.25%; 62.01%
Explanation:
(a) Amount received:
= No. of shares × selling price
= 100 × $43
= $4,300
Sales deposit = 60% of Amount received
= 0.6 × $4,300
= $2,580
Amount paid = No. of shares × Purchase price
= 100 × $49
= $4,900
Therefore, Loss = $4,900 - $4,300
= $600
(b) If buys at $27, then
Amount paid = $27 × 100
= $2,700
Profit = $4,300 - $2,700
= $1,600
Loss on investment:
= ($600 ÷ $2,580) × 100
= 23.25%
Profit on investment:
= ($1,600 ÷ $2,580) × 100
= 62.01%
Answer:
=
D in front of the command
range
field
criteria
Explanation:
