Answer:
The balance should Windsor report as its "Cash and cash equivalents" balance at April 30, 2017 is $19,410
Explanation:
The computation of the "Cash and cash equivalents" balance at April 30, 2017 is shown below:
= Currency amount + U.S treasury bill + check received in April month + checking account + saving account
= $70 + $11,100 + $300 + $2,730 + $5,210
= $19,410
The other given transactions would not be included because there is no outflow and inflow of cash for the April month. Hence, ignored it
the answer is d. to meet all consumer needs!!
hope this helps!
Answer:
reverse annuity mortgage
Explanation:
The term that is being described is known as a reverse annuity mortgage. Like defined in the question, this is a loan that allows you to cash in some of your home's equity without actually needing to sell the entire real estate property and move out of your home. Instead the loan is secured against the value of your home and monthly payments are paid to the owner that asked for the loan.
Answer: The fringe benefit is worth $182 more than the additional salary.
Explanation:
The Fringe benefit is valued at $3,600.
The additional salary after taxes is:
= 5,000 - (5,000 * 24%) - (5,000 * 7.65%)
= 5,000 - 1,200 - 382.5
= $3,418
The Fringe benefit is worth more than the salary by:
= 3,600 - 3,418
= $182
<em>Options are more probably for a variant of this question. </em>
Answer:
$288
Explanation:
Since the total property taxes for the year are $1,140, to find the property tax per month we have to divide by 12 ⇒ $1,140 / 12 = $95 per month
The seller is responsible for paying the property taxes during 3 months and 1 day, to find out the amount for that 1 day we divide the monthly tax by 30 = $3.17 per day.
the total seller's credit = ($95 x 3) + $3 = $285 + $3 = $288
*The seller's credit includes all the expenses that must be paid by the seller, while the seller's debit includes all the money that he receives.
