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Alenkasestr [34]
3 years ago
11

At April 30, Pina Colada Corp. has the following bank information: Cash balance per bank $7600 Outstanding checks $460 Deposits

in transit $900 Credit memo for interest $15 Bank service charge $30 What is Pina adjusted cash balance on April 30?
Business
1 answer:
faust18 [17]3 years ago
8 0

Pina adjusted cash balance on April 30 is $ 6,685

Solution:

Given,

As of April 30, Pina Colada Corp. has the following bank information:

Cash balance per bank               $7600

Outstanding checks                     $460

Deposits in transit                         $900

Credit memo for interest              $15

Bank service charge                     $30

Now  To find Pina adjusted cash balance on April 30 :

Adjusted Cash Balance Formula is : Cash balance + Notes receivable - Check Printing - NSF Check

Adjusted Cash Balance =  $7600+  $15  - $30 - $900

Adjusted Cash Balance = $ 6,685

Pina adjusted cash balance on April 30 is $ 6,685

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Answer:

Price of stock = $49.5

Explanation:

<em>The Dividend Valuation Model(DVM) is a technique used to value the worth of an asset. According to this model, the value of an asset is the sum of the present values of the future cash flows would that arise from the asset discounted at the required rate of return. </em>

If dividend is expected to grow at a given rate , the value of a share is calculated using the formula below:  

Price of stock=Do (1+g)/(k-g)  

Do - dividend in the following year, K- requited rate of return , g- growth rate  

DATA:

D0- 2.7

g- 10%

K- 16%

Price of stock = ( 2.7×1.1)/(0.16-0.1) = 49.5

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2 years ago
The following data were taken from the records of Menendez Company:
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Answer: a. $1,500

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Working capital = Current assets - Current liabilities

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3 years ago
In​ 1916, the ford motor company sold​ 500,000 model t fords at a price of​ $440. henry ford believed that he could increase sal
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. _________________ results when an economy experiences high unemployment and high inflation at the same time
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A country has a population of 20,000 people and a GDP of 50 million dollars. What is the per capita GDP of the country?
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Answer:

<h2><em><u>$</u></em><em><u>250</u></em><em><u>0</u></em></h2>

Explanation:

<h3><em><u>Given</u></em><em><u>,</u></em></h3>

No. of peoples living in a country = <em>20,000</em>

GDP of the country is = 50 million dollars or<em> $50,000,000</em>

<h3><em><u>As</u></em><em><u> </u></em><em><u>we</u></em><em><u> </u></em><em><u>know</u></em><em><u>,</u></em></h3>

per \: capita \: gdp \:  =  \frac{country's \: total \: GDP }{country's \: total \: population}

<h3><em><u>Therefore</u></em><em><u>,</u></em><em><u> </u></em></h3>

The per capita GDP of the given country will be

= \frac{country's \: total \: GDP }{country's \: total \: population}

=  \frac{50,000,000}{20,000}

= $2500

<h3><em><u>Henceforth</u></em><em><u>,</u></em><em><u> </u></em></h3>

<em><u>The</u></em><em><u> </u></em><em><u>per</u></em><em><u> </u></em><em><u>capita</u></em><em><u> </u></em><em><u>GDP</u></em><em><u> </u></em><em><u>of</u></em><em><u> </u></em><em><u>the</u></em><em><u> </u></em><em><u>given</u></em><em><u> </u></em><em><u>country</u></em><em><u> </u></em><em><u>is</u></em><em><u> </u></em><em><u>$</u></em><em><u>250</u></em><em><u>0</u></em><em><u> </u></em><em><u>(</u></em><em><u>Ans</u></em><em><u>)</u></em>

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