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Artemon [7]
3 years ago
10

A new accountant at Marin Inc. is trying to identify which of the amounts shown below should be reported as the current asset "C

ash and cash equivalents" in the year-end balance sheet, as of April 30, 2017.1. $54 of currency and coin in a locked box used for incidental cash transactions.2. A $10,300 U.S. Treasury bill, due May 31, 2017.3. $260 of April-dated checks that Marin has received from customers but not yet deposited.4. An $80 check received from a customer in payment of its April account, but postdated to May 1.5. $2,880 in the company’s checking account.6. $5,730 in its savings account.7. $54 of prepaid postage in its postage meter.8. A $24 IOU from the company receptionist.What balance should Marin report as its "Cash and cash equivalents" balance at April 30, 2017?
Business
1 answer:
uysha [10]3 years ago
3 0

Answer: $19,224

Explanation:

The amounts that are reported as the current assets "cash and cash equivalents" as follows:

Currency = $54

U.S. Treasury bill = $10,300

April checks = $260

Checking account = $2,880

Savings account = $5,730

Therefore,

Cash and cash equivalents balance at April 30, 2017:

= $54 + $10,300 + $260 + $2,880 + $5,730

= $19,224

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Zepler [3.9K]

Answer:

EAW = -$17,545.71

Explanation:

initial investment = $200,000

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  • Year 7 = $99,000
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cash outflows:

  • Year 1 = $20,000
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  • Year 3 = $40,000
  • Year 4 = $50,000
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EAW = equivalent annual worth = equivalent annual benefits - equivalent annual costs

to determine the EAB we must first find the PV of the cash inflows using a financial calculator = $408,348.84

EAB = (PV x r) / [1 - (1 + r)⁻ⁿ] = ($408,348.84 x 10%) / [1 - (1 + 10%)⁻⁹] = $70,905.91

to determine the EAC we must first find the PV of the cash outflows (including initial outlay) using a financial calculator = $509,395

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EAW = $70,905.91 - $88,451.62 = -$17,545.71

5 0
3 years ago
Sweet Treats common stock is currently priced at $17.15 a share. The company just paid $1.22 per share as its annual dividend. T
ddd [48]

Answer:

cost of equity =  9.68%

so correct option is d. 9.68%

Explanation:

given data

currently priced = $17.15

paid annual dividend = $1.22

dividends increasing = 2.4% annually

to find out

firm's cost of equity

solution

we get here cost of equity by apply price equation that is express as

Price = recent dividend × ( 1 + growth rate ) ÷ ( cost of equity - growth rate)   .....................1

put here value we get

$17.15 = \frac{1.22*(1+0.024)}{cost\ of\ equity - 0.024}

solve it we get

cost of equity =  9.68%

so correct option is d. 9.68%

5 0
2 years ago
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Vesna [10]
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4 0
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k0ka [10]
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8 0
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