Answer:
$5,857; $1,105
Explanation:
Cash flows from investing activities:
= Proceeds from sale of property and equipment + Sale of investments - Purchase of property, plant, and equipment
= $6,594 + $134 - $871
= $5,857
Therefore, the net cash provided by the investing activities is $5,857.
Cash flows from Financing activities:
= Borrowings under line of credit (bank) + Proceeds from issuance of stock - Payments to reduce long-term debt - Dividends paid
= $1,417 + $11 - $46 - $277
= $1,105
Therefore, the net cash provided by the investing activities is $1,105.
Answer:
Bank Reconciliation Statement as of October 31
Particulars Amount Particulars Amount
Balance as per bank $350 Balance as per books $806
Add: Late deposit $433 Less: Returned checks $80
Less: Outstanding check $66 Less: Error recordings $9
($24+$42) ($65-$56)
Reconciled Balance $717 Reconciled Balance $717
Answer:
$56,600.00
Explanation:
The amount the company spent on purchase of additional equipment during year 1 can be ascertained using the formula below:
amount spent on additional equipment=ending balance of equipment-(beginning balance-cost of equipment sold)
ending balance of equipment is $304,700
beginning balance is $341,200
cost of equipment sold is $93,100
amount on additional equipment=$304,700-($341,200-$93,100)=$56,600.00
Bonds will be the least risky since there is no risk involved at all. Bonds give out guaranteed payments and A rated bonds will be even more secure.
The next would be property. Since property is a physical asset, the risk involved is relatively lower than stocks.
The next would be retirement plans which would typically have bonds and stocks.
The most risky would be speculative stocks.
The order from least risky to most risky would be:
1. A rated bonds
2. Property
3. Retirement plans
4. Speculative stocks
Answer:
B. $1,639
Explanation:
To do arbitraje we will ask at Bank A for $0.305
and then bid in Bank B at $0.306
As the transactions has no cost we are doing a profit by using the exchange as they allowed. Doing this procedure will at some point eliminate the difference in exchange rate for these bank as the purchase will rise the ask rate for Bank A and the sale will decrease the bid rate.
Total: 501639,3442622951
The profit will be for: 501,639.34 - 500,000 = 1,639.34
