Plz help me fill out the boxes

In preparing its August 31, 2017 bank reconciliation, Adel Corp. has available the following information: Balance per bank state

PilotLPTM [1.2K]

Answer:

$22,800

Explanation:

Given that,

Balance per bank statement, 8/31/17 = $21,650

Deposit in transit, 8/31/17 = $3,900

Return of customer’s check for insufficient funds, 8/30/17 = $600

Outstanding checks, 8/31/17 = $2,750

Bank service charges for August = $100

At August 31, 2017, Adel's correct cash balance:

= Balance as per bank statement 8/31/17 + Deposit in transit - Outstanding checks

= $21,650 + $3,900 - $2,750

= $22,800

7 0

4 years ago

Some communities, such as grasslands, may never really reach f.e. clements's concept of a climax stage because

Dmitriy789 [7]

The reason as to why some communities such as grasslands, may never really reach F.E. Clement's concept of climax stage because of the fact that the people living in those communities have adapted to periodic interruption. In which allowed them to be further away from Clement's concept of climax stage. In which the periodic interruption is the one responsible for making the ecological equilibrium from being vulnerable to change that it is impossible for them to adapt to the concept of the climax stage in which is very rare.

7 0

3 years ago

In the long run, the cost of capital for nonequity funding is generally ______ that of equity investment.

Rashid [163]

In the long run, the cost of capital for nonequity funding is generally LESS THAN that of equity investment.

6 0

2 years ago

Assume that the banking system has total reserves of $200 billion. Assume also that required reserves are 12.5 percent of checki

Annette [7]

Answer: The answer is as follows:

Explanation:

Given that,

Total reserves = $200 billion

Required reserves = 12.5 % of checking deposits

Therefore,

(a) Money multiplier = $\frac{1}{Required\ Reserve}$

= $\frac{100}{12.5}$

= 8

(b) Money supply = Money multiplier × Total reserves

= 8 × $200 billion

= $1,600 billion

(c) Now, if Fed increases the required reserves to 16% of deposits.

New Money multiplier = $\frac{1}{Required\ Reserve}$

= $\frac{100}{16}$

= 6.25

New Money supply = Money multiplier × Total reserves

= 6.25 × $200 billion

= $1,250 billion

Money supply decreases to $1,250 billion.

8 0

3 years ago

Sound Systems (SS) has 200,000 shares of common stock outstanding at a market price of $37 a share. SS recently paid an annual d

7nadin3 [17]

Answer:

the weighted average cost of capital is 6.31 %

Explanation:

Weighted Average Cost of Capital (WACC) is the<em> return</em> required by the providers of long term permanent source of capital to the firm.

WACC = Ke × (E/V) + Kp × (P/V) + Kd × (D/V)

Ke = Cost of equity

= $1.20 / $37.00 + 0.04

= 0.0724 or 7.24 %

E/V = Weight of Equity

= (200,000 × $37) ÷ (200,000 × $37 + 4,500 × $1,000 × 99%)

= $7,400,000 ÷ ($7,400,000 + $4,455,000)

= 62.42 %

Kd = Cost of Debt

= Interest × (1 - tax rate)

= 6.70 % × (1 - 0.34)

= 4.42 %

D/V = Weight of Debt

= (4,500 × $1,000 × 99%) ÷ (200,000 × $37 + 4,500 × $1,000 × 99%)

= $4,455,000 ÷ ($7,400,000 + $4,455,000)

= 37.28 %

Therefore,

WACC = 7.24 % × 62.42 % + 4.42 % × 37.28 %

= 6.31 %

8 0

3 years ago