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hodyreva [135]
3 years ago
8

Mary's last bank statement showed an ending balance of ​$141.37. This​ month, she deposited $ 542.07 in her account and withdrew

a total of ​$206.25. ​Furthermore, Mary wrote a total of five​ checks, two of which have cleared. The two checks that have cleared total ​$121.65. The three remaining checks total ​$92.29. Mary pays no fees at her bank. What is the balance shown this month on​ Mary's bank​ statement? What is the adjusted bank​ balance?
Business
1 answer:
Allushta [10]3 years ago
3 0

Answer:

Mary's bank balance is $355.54

The adjusted bank balance is $263.25

Explanation:

The movement in the balance of Mary's bank statement is as a result of the deposits and withdrawals (including checks) made over the month.

Whilst the deposits increases the bank balance, the withdrawals reduces it.

Hence Mary's bank balance

= ​$141.37 + $542.07 - ​$206.25 - $121.65

=$355.54

The adjusted bank balance will be

= $355.54  - $92.29

= $263.25

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Anna007 [38]

Answer:

The interest rate for this bond is 8% per annum.

Explanation:

Given that,

a bond that costs $1,000 and pays an $80 interest each year.

To find the rate of interest, we use the following formula is

I=Prt

Here P = principal= $1,000

I=interest= $80

t=time= 1 year

∴80 = 1000×r×1

\Rightarrow r=\frac{80}{1000}

⇒r = 0.080

⇒r= 8%

The yield for this bond is 8% per annum.

7 0
3 years ago
Zeus industries bought a computer for $2868. it is expected to depreciate at a rate of 18% per year. what will the value of the
Natali [406]
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year 3: $1581.32
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5 0
3 years ago
How do you compute net income for a merchandiser. Multiple choice question. Revenues - expenses. Net sales - cost of goods sold.
tester [92]

Answer:

Net income for a merchandiser is computed as:

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Explanation:

Net sales are the sales revenue after deducting sales discounts and allowances.  The cost of goods sold represent the beginning inventory of merchandise and current period's purchases less the ending inventory.  The difference between the net sales and the cost of goods sold is called the gross profit.  From this, other expenses incurred in running the business and generating sales are deducted, including income taxes to arrive at the net income.

7 0
3 years ago
All of the following will improve a firm's liquidity position except: Answer A)increase long-term debt and invest the money in m
user100 [1]

Answer:

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but i am not sure

7 0
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What is the expected dividend to be paid in 3 years if yesterday's dividend was $6.00, dividends are expected to grow at a const
kirill [66]

Answer:

D3 = $7.146096 rounded off to $7.15

Explanation:

The dividend growth projected for the stock expects the stock to grow at a constant rate of 6% each year over an indefinite period of time. This means that the $6 dividend paid by the stock in the current year will grow by 6% every year over its life. Thus, the expected dividend to be paid in 3 years will be calculated as follows,

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5 0
3 years ago
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