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givi [52]
3 years ago
9

Lyle deposited a check for $75.26. He’ll use the check register to record his transaction. What will be his new balance? $821.00

$896.44 $938.00 $979.56
Business
2 answers:
Dovator [93]3 years ago
8 0

Answer:

No change in balance.

Explanation:

The matter should be considered in the context of accounting and bank separately.

Accounting Context

As mentioned in the question, the transaction is recorded by using check register i.e. the receipts of money is recorded in the accounts when checks are received. Hence, On deposit of check into the bank account will have <u>no impact on the accounting records</u> as the same has already been recorded in the accounts.

Bank Context

With regard to the bank balance as reflected in bank statements (bank's records), the bank balance will be increased by the amount of the check i.e. $ 75.26.

Georgia [21]3 years ago
7 0

I believe the answer is $896.44

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Answer:

I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan

Explanation:

The two options can be expressed as shown;

Option 1: Bank Wan

A=P(1+r/n)^nt

where;

A=Total amount after a given time

P=Initial deposit

r-Annual interest rate

n=number of times the interest is compounded annually

t=number of years of the investment

In our case;

P=$1,500

r=2.5%=2.5/100=0.025

n=365 days

t=1 year

Replacing;

A=1,500(1+0.025/365)^(365×1)

A=1,500(1.02530

A=1,537.97

Total amount after a year=$1,537.97 for Bank Wan

Option 2: C-T Bank

P=$1,500

r=3%=3/100=0.03

n=2

t=1

Replacing;

A=1,500(1+0.03/2)^(2×1)

A=1,500(1.015)^2

A=1,545.3375

Total amount after a year=$1,545.3375 for C-T Bank

Total amount received to be received from C-T Bank-Total amount to be received from Bank Wan

=(1,545.3375-1,537.97)=$7.3675

I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan

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5 0
4 years ago
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Your friend Bob just retired after running a donut shop for 40 years. He has saved $5 million in his retirement accounts. Now he
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Explanation:

The explanation for this question is given in the attachment below.

5 0
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g Estimate the cost of common equity for a firm, given the following information. For the next year, the firm plans to pay a div
wel

Answer:

The cost of equity is 12.49 percent

Explanation:

The price per share of a company whose dividends are expected to grow at a constant rate can be calculated using the constant growth model of the DMM. The DDM bases the price of a stock on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D1 / r - g

Where,

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  • r is the cost of equity
  • g is the growth rate in dividends

As we already know the P0 which is price today, the D1 and the growth rate in dividends (g), we can plug in the values of these variables in the formula to calculate the cost of equity (r)

100.81 = 8.76 / (r - 0.038)

100.81 * (r - 0.038) = 8.76

100.81r  -  3.83078 = 8.76

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r = 12.59078 / 100.81

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6 0
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The current controllable margin for Henry Division is $93,000. Its current operating assets are $300,000. The division is consid
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Answer:

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The computation of the return on investment is shown below:

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= 31%

Now the new controllable margin equals to

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= $108,000

And, the new operating assets would be

= $300,000 + $90,000

= $390,000

So, the new return on investment equals to

= ($108,000 ÷ $390,000) × 100

= 27.70%

The return on investment is decreased by

= 31% - 27.70%

= 3.30%

7 0
3 years ago
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