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Juliette [100K]
3 years ago
11

Kaniper Company has the following items at year-end:Cash in bank: $35,000Petty cash: $500Short-term paper with maturity of 2 mon

th: $8,200Postdated checks: $2,100Kaniper should report cash and cash equivalents of:a. $35,000.b. $35,500.c. $43,700.d. $45,800.
Business
1 answer:
USPshnik [31]3 years ago
8 0

Answer:

$43,700

Explanation:

Cash equivalents are short-term assets that are readily and easily convertible into cash. Being highly liquid, they are typically mature in a maximum of three months.

Petty cash for Kaniper Company

= $ 35,000 + $500 + $8,200

= $43,700

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3 years ago
Which of the following statements best describes a chart of accounts?
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3 years ago
financial calculator Bruno's Lunch Counter is expanding and expects operating cash flows of $23,900 a year for 5 years as a resu
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Answer:

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Explanation:

<em>Net Present Value (NPV) : This is one of the techniques available to evaluate the feasibility of an investment project. The NPV of a project is the difference between the present value of the cash inflows and the cash outflows of the project.</em>

We sahall compute theNPV of this project by discounting the appropriate cash flows as follows:

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=206,769.963

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PV = 5600× 1.12^(-5)

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5 0
3 years ago
The accountant for Murphy Company prepared the following analysis of its inventory at year end: Item Units Cost per Unit Net Rea
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Answer:

1. $47,255

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Cr Inventory account $1,316

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Please find attached detailed solution to the above questions and answers.

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I think the answer is A
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3 years ago
Read 2 more answers
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