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NeTakaya
3 years ago
14

At August 31, Kingbird, Inc. has a cash balance per books of $8,320 and the following additional data from the bank statement: c

harge for printing Kingbird, Inc. checks $50 and interest earned on checking account balance $46. In addition, Kingbird, Inc. has outstanding checks of $880. Determine the adjusted cash balance per books at August 31.
Business
1 answer:
german3 years ago
3 0

Answer:

$8,316

Explanation:

The computation of adjusted cash balance per books at August 31 is shown below:-

Adjusted cash balance per books at August 31 = Cash balance per books + Interest earned - Charge for printing Kingbird, Inc. checks

= $8,320 + $46 - $50

= $8,316

Therefore for computing the Adjusted cash balance per books at August 31 we simply applied the above formula and we have not considered the outstanding checks as it is not relevant.

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Answer:

The correct answer is option b.

Explanation:

Here, when the Juice smoothies does not pay Issac, the selling of fruits is an example of mitigation of damages.

Mitigation of damages can be referred as a contract law under which a victim of breach of law can take actions in order to minimize damages. It means to take any reasonable opportunity possible under the given circumstances to minimize or reduce damages. Though taking extreme actions is not required.

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Answer:

Stock Y has overvalued and Stock Z as undervalued

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

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This form of problem is also said to occur when agents example a firm's managers tends to run after their own personal goals rather than the goals of the principals who is the firm's owners.

Agency relationship

This form of relationship is said to occur if there is a set up or an arrangement in where one person's welfare is dependent or based on what another person does.

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