Answer:
the adjusted cash balance as on April 30,2018 is $77,800
Explanation:
The computation of the adjusted cash balance as on April 30,2018 is as follows;
= Balance as per bank statement + deposit in transit - outstanding checks
= $78,800 + $9,300 - $10,300
= $77,800
Hence, the adjusted cash balance as on April 30,2018 is $77,800
We simply applied the above formula so that the accurate value could arrive
Answer:
At the end of the sixth year, you will have:
= $8,487.17.
Explanation:
a) Data and Calculations:
Annual savings = $1,000
Interest rate per year = 10%
Period of savings = 6 years
First deposit = today
From an online financial calculator:
N (# of periods) 6
I/Y (Interest per year) 10
PV (Present Value) 0
PMT (Periodic Payment) 1000
Results
FV = $8,487.17
Sum of all periodic payments $6,000.00
Total Interest $2,487.17
Answer:
The correct answer is "-$7200 (Unfavorable)".
Explanation:
Given:
Actual quantity,
= 54000 pounds
Standard price,
= $3 per pound
Standard quantity,
= 
= 
As we know,
⇒ 
By substituting the values, we get
⇒ 
⇒ 
⇒ 
An interest-bearing account is an account that generates interest income on the available balance in the account.
What is an interest-bearing account?
An interest-bearing account computes interest based on the balance outstanding on the loan or investment account, for instance, a monthly compounding deposit account where the interest paid on the account on monthly basis on the available balance before interest computation.
There also non interest-bearing account which only promises a particular amount when the deposit or investment account matures rather than paying on the balance.
Find out more about interest-bearing account on:brainly.com/question/11484066
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