Answer:
The answer is 1000 dollars.
Explanation:
In this question we are asked to calculate the cash closing balance as at 30 september. The opening cash balance that is 10000 dollars is given and, data related to the receipt and payments made in the quarter ended at september is also provide in the question.
We can easily calculate the cash balance as at 30 september with the help of accounting equation given below.
Closing Balance = Opening balance + Cash collections- Cash payments
= 10,000+ 209,000- 218,000*
= 1000$
* It include sum of all capital expenditures, operating expenses and purchases of direct material.
Answer:
Journal Entries are as follows.
Explanation:
1. Cash $25,000 (Debit)
Common Stock $ 25,000 (credit)
2. Wages $10,000 (debit)
Cash $10,000 (credit)
3. Land $ 50,000 (debit)
Common Stock $50,000 (credit)
4. Dividend Declared $ 1000 (debit)
Dividend Payable $ 1000 ( credit)
And
Dividend Payable $ 1000 ( debit)
Cash $ 1000 (credit)
5. Cash $ 3000 (debit)
Long Term Investment $ 3000 (credit)
6. Cash $ 20,000 (debit)
Sales $ 20,000 ( credit)
7. Inventory $2000 (debit)
Cash $ 2000 (credit)
8. Investment $ 6000 ( debit)
Cash $ 6000 (credit)
9. Bonds Payable $ 10,000 (debit)
Discount $ 1000 (credit) ( if there's any)
Common Stock $ 9,000 ( credit ) ( in case of discount)
10. Notes Payable $ 10,000 (debit)
Interest on Notes Payable $ 1,000 (debit) ( suppose there's interest of $ 1000 on $ 10,000 Notes Payable)
Cash $ 11,000 (credit)
Answer:
The optimal order quantity is 316 pounds
Explanation:
In order to calculate What daily order quantity is optimal, we have to calculate first The cost of underestimating the demand Cu and cost of overestimating demand Co
Cu = ($0.60 - $0.50)*4 = $0.40
Co = $1 - $0.80 = $0.20
Next we have to calculate the Service Level = Cu / (Cu + Co)
= 0.40 / (0.40 + 0.20)
= 0.40/0.60
= 0.6667
So, Z Value at above service level = 0.430727
Therefore, in order to calculate the Optimal Order quantity, we would have to use the following formula
Optimal Order quantity= Mean + Z Value × Std Deviation
= 301 + 37 * 0.430727
= 301 + 15.36899
= 316 pounds
Answer:
networkers
Explanation:
Corporate managers who supervise, coach, and guide lower-level employees and serve as their organizational sponsors are called: networkers.
$25968406.94.
a. Computation of Effective Interest Rate
Future Value = Present Value * (1 + r)^n
Future Value = $1460000
Present Value = $105
n = Number of Years = 116 Years
Future Value = Present Value * (1 + r)^n
1460000 = 105 * (1 + r)^116
13904.76 = (1 + r)^116
1.0857 = 1 + r
Effective Interest Rate = 8.57%
b.Future Value in the year 2050
Future Value = Present Value * (1 + r)^n
Present Value = $1460000
n = Number of Years = 35 Years
Future Value = Present Value * (1 + r)^n
Future Value = 1460000 * (1 + 0.0857)^35
Future Value = 1460000 * 17.7866
Future Value in the year 2050= $25968406.94.
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