Answer:
Nolan Company
Bank Reconciliation
June 30
$
Balance per cash book 22,064
Less: Bank Service charges ( 24)
Add: Error in recording payment ( $ 59- $ 50) 9
Add: Interest earned <u> 27</u>
Adjusted balance per cash book <u> 22,076</u>
Balance per bank statement 22,531
Less: Outstanding checks ( 2,655)
Add; Deposits in Transit <u> 2,200</u>
Adjusted balance per bank statement <u>22,076</u>
Explanation:
The bank service charges and the interest earned appear on the bank statement and has to be adjusted in the cash book balance. The errors found in recording the payment at $ 59 instead of $ 50 results in an overpayment and the correction needs to be added to the cash book balance
the outstanding checks has not yet been cleared by the bank so there is a reduction on the bank statement balance. The deposits in transit has not been received by the bank so needs to be adjusted as an addition on the bank statement balance.
A- you’re never too young to limit your spendings
D- there’s is more to learn outside of high school for many careers
probably B too but i’m not sure
Answer:
0.33
0.5
Ted
Explanation:
Ted's opportunity cost = 20 / 60 = 0.33
Tom's opportunity cost = 15 / 30 = 0.5
A person has comparative advantage in an activity if he carries out the activity at a lower opportunity cost when compared with other people.
Thus, ted has an opportunity cost in washing cars.
I hope my answer helps you
Answer:
WACC = Ke(E/V) + Kd(D/V)(1 - T)
WACC = 11.28(0.50) + 8.0(0.5)(1 - 0.40)
WACC = 5.64 + 2.40
WACC = 8.0%
The correct answer is B
Explanation:
WACC equals cost of equity multiplied by proportion of equity in the capital structure plus after-tax cost of debt multiplied by proportion of debt in the capital structure. The proportion of equity and debt in the capital structure are 50% respectively. Ke refers to cost of equity, Kd denotes before tax cost of debt, T represents tax rate, E/V denotes proportion of equity in the capital structure and D/V represents proportion of debt in the capital structure.
Answer:
$109,085
Explanation:
From the question above RTF oil has a total sales of $911,500
The costs incurred by RTF oil is $787,300
Depreciation is $52,600
The tax rate is 21 percent
= 21/100
= 0.21
The first step is to calculate the EBIT
EBIT= Total sales-costs-depreciation
EBIT= $911,400-$787,300-$52,600
EBIT = $71,500
The next step is to calculate the tax
Tax= EBIT× tax rate
= $71,500×0.21
= $15,015
Therefore since we have gotten the tax and EBIT, the final stage is to calculate the operating cash flow
OCF= EBIT + depreciation- Tax
= $71,500+$52,600-$15,015
= $124,100-$15,015
= $109,085
Hence RTF oil has an operating cash flow of $109,085
