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Phoenix [80]
3 years ago
5

Pina Colada Corp. gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per b

ooks, 8/31$30800 Deposits in transit1300 Notes receivable and interest collected by bank7500 Bank charge for check printing180 Outstanding checks17600 NSF check1500 The adjusted cash balance per books on August 31 is:
Business
1 answer:
myrzilka [38]3 years ago
4 0

Answer:

$36,620

Explanation:

The computation of the adjusted cash balance is shown below:

Adjusted cash balance = Cash balance as per books + Notes receivable and interest collected by bank - Bank charge for check printing - Outstanding checks

= $30,800 + $7,500 - $180 - $1,500

= $36,620

Hence, the adjusted cash balance is $36,620. By applying the above formula we can easily find out

You might be interested in
A firm's WACC can be correctly used to discount the expected cash flows of a new project when that project will: Multiple Choice
Serggg [28]

Answer:

...when that project will have the same level of risk as the firm's current operations

Explanation:

Weighted average cost of capital (WACC) is the company's cost of capital based on its proportion of equity and debt used in its capital structure. It can be used as the discount rate for calculating the present value of future expected cashflows of a project if the project is determined to be of similar risk to the company's operations; meaning that the estimated beta of the project is the same as the beta of the firm.

5 0
3 years ago
A U.S. firm holds an asset in Great Britain and faces the following scenario:
Lady_Fox [76]

Answer:

C) Sell £2,278.13 forward at the 1-year forward rate, F1($/£), that prevails at time zero.

Explanation:

given data

                     State 1           State 2               State 3

Probability      25%            50%                      25%

Spot rate      $ 2.50 /£    $ 2.00 /£            $ 1.60 /£

P*                   £ 1,800       £ 2,250             £ 2,812.50

P                     $4,500          $4,500               $4,500

solution

company holds portfolio in pound. so to get hedge, they will sell that of the same amount.

we get here average value of the portfolio that is

The average value of the portfolio = £ (0.25*1800 + 0.5*2250 + 0.25*2812.5)

The average value of the portfolio = 2278.13

so correct option is C) Sell £2,278.13 forward at the 1-year forward rate, F1($/£), that prevails at time zero.

3 0
4 years ago
joelle consumes food and clothing. for incomes near her current income, her income expansion path is negatively sloped. indicate
tekilochka [14]

Joelle consumes food and garb. for earning near her modern-day income, her earnings expansion direction is negatively sloped. <u>Increasing </u><u>much less of 1 god whilst profits growth implies consuming extra of the opposite three .at the least one proper must be every day.</u>

The term “profits” commonly refers to the quantity of money, property, and different transfers of price acquired over a set time period in change for products or services. there may be no unmarried, preferred definition: earnings are described consistent with the context in which the idea is used.

Three of the main varieties of profits are earned passive, and portfolio. Earned income consists of wages, salary, tips, and commissions. Passive or unearned earnings may want to come from condominium homes, royalties, and restricted partnerships. Portfolio or funding income includes interest, dividends, and capital gains on investments.

Learn more about capital investments here:-

brainly.com/question/20360874

#SPJ4

7 0
1 year ago
Beginning Inventory Ending Inventory Finished goods (units) 24,000 34,000 Raw material (grams) 54,000 44,000 Each unit of finish
Ghella [55]

Answer:

Production= 200,000

Explanation:

Giving the following information:

Beginning Inventory Ending Inventory

Finished goods (units) 24,000 34,000

The company plans to sell 190,000 units during the year.

<u>To calculate the production required, we need to use the following formula:</u>

Production= sales + desired ending inventory - beginning inventory

Production= 190,000 + 34,000 - 24,000

Production= 200,000

4 0
3 years ago
A few typos on a cover letter normally do not affect your chances of getting hired.
DENIUS [597]
B. False, the employer is looking to hire the people with the most eye catching and outstanding application, if you have an application in that doesn't have all the information on it or forgetting to capitalize your name could make them pass right over your application and go back to it if they have any open spots.

7 0
3 years ago
Read 2 more answers
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