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sveta [45]
3 years ago
15

A new accountant at Windsor, Inc. is trying to identify which of the following amounts should be reported as the current asset "

Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2017. 1. $70 of currency and coin in a locked box used for incidental cash transactions. 2. A $11,100 U.S. Treasury bill, due May 31, 2017. 3. $300 of April-dated checks that Windsor has received from customers but not yet deposited. 4. An $96 check received from a customer in payment of its April account, but postdated to May 1. 5. $2,730 in the company’s checking account. 6. $5,210 in its savings account. 7. $70 of prepaid postage in its postage meter. 8. A $40 IOU from the company receptionist. (a) What balance should Windsor report as its "Cash and cash equivalents" balance at April 30, 2017?
Business
1 answer:
seropon [69]3 years ago
5 0

Answer:

The balance should Windsor report as its "Cash and cash equivalents" balance at April 30, 2017 is $19,410

Explanation:

The computation of the "Cash and cash equivalents" balance at April 30, 2017  is shown below:

= Currency amount + U.S treasury bill + check received in April month + checking account + saving account

= $70 + $11,100 + $300 + $2,730 + $5,210

= $19,410

The other given transactions would not be included because there is no outflow and inflow of cash for the April month. Hence, ignored it

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bija089 [108]

Answer:

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Explanation:

given data

cost = $28,000

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time = 60 months

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solution

we will apply here formula for calculate monthly payment  that is

= \frac{r(1+r)^t}{(1+r)^t -1}    ...........1

here r is rate that is 0.0041 and t is time that is 60 put here value we get

=  \frac{0.0041(1+0.0041)^{60}}{(1+0.0041)^{60} -1}

= 0.01883

so monthly payment is = 28000 × 0.01883

monthly payment is $527

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Answer:

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Answer:

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