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Margarita [4]
3 years ago
8

On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,854. Cash receipts yet to be de

posited into the checking account total $3,248, and checks written by the academy but not yet processed by the bank total $1,335. The company's balance of cash does not reflect a bank service fee of $26 and interest earned on the checking account of $37. These amounts are included in the balance of cash of $5,952 reported by the bank as of the end of August.
Business
1 answer:
Nady [450]3 years ago
7 0

Answer:

bank reconciliation  

Cash_____________7854

Cash receipts______-3248

Checks written______1335

 

Bank services________-26

Interest earned________37

 

Bank reconcilaition____5952

Bank Balance________5952

                                             0

Explanation:

A bank reconciliation is the process of matching the balances accounting records of cash account vs information on a bank statement.

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An oil-drilling company must choose between two mutually exclusive extraction projects, and each requires an initial outlay at t
masha68 [24]

Answer:

                     PLAN A

Year Cashflow [email protected]           PV

             $'m                $

0          (12.4)         1          (12.4)

1           14.88      0.8905          13.25

          NPV                 0.85

                   PLAN B

Year Cashflow [email protected]    PV                              

                   $'m                                 $'m

0          (12.4)          1    (12.4)

1-20  2.2034      7.3309  16.15

          NPV           3.75

Project B should be accepted

Explanation:

In this case, we need to discount the cash inflow of plan A at 12.3% for 1 year and then deduct the initial outlay from the present value of cash inflow. The discount factor could be derived from the present value table.

For plan B, we will discount the cash inflow at 12.3% for 20 years. In this case, we will use the annuity factor for 20 years.  Thereafter, we will multiply the cashflow by the annuity factor for 20 years to obtain the present value. The initial outlay will be deducted from the present value so as to obtain the net present value(NPV).

The annuity factor can be obtained from the present value of annuity table.

The project with the higher NPV will be accepted.

6 0
3 years ago
Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a
lina2011 [118]

Answer:

Explanation:

The computation is shown below:

                                           (A)                        (B)                  (A - B)

                                        Current Year       Prior Year        Dollar change

Short-term investments  $380,834            $240,061         $140,773

Accounts receivable      $103,020              $106,337        -$3,317

Notes payable                 $0                         $94,802        -$94,802

Now the percentage change would be

= (A - B) ÷ (B) × 100

For Short-term investments = 58.64%

For Accounts receivable = - 3.12%

For Notes payable = - 100%

8 0
3 years ago
A car rental agency uses 100 boxes of staples a year. The boxes cost $4 each. It costs $10 to order staples each time, and carry
Anettt [7]

Answer: 50

Explanation:

Annual demand = D = 100

Cost of each box = C = $4

Ordering cost = S = $10

Carrying cost = I = 20 × $4 = $0.8

Economic order quantity = ✓2DS/I

= ✓(2×100×10/0.8

= √2500

= 50

5 0
3 years ago
The volatility of the market portfolio is 10% and it has an expected return of 8%. The risk-free rate is 3%. calculate the beta
Maurinko [17]

Answer: 0.82466

Explanation:

You did not give the other information required to solve the question but here are some information that was gottten.

Portfolio Weight

HCE Corp = 0.25

Green Miget = 0.31

Alive and Well = 0.44

Volatility

HCE Corp = 10%

Green Miget = 27%

Alive and Well = 14%

Correlation with the Market Portfolio

HCE Corp = 0.43

Green Miget = 0.54

Alive and Well = 0.43

Beta of HCE Corp = (0.43 × 0.10)/0.10

= 0.43

Beta of Green Miget = (0.54 × 0.27)/0.10

= 1.458

Beta of Alive and Well

= (0.43 × 0.14 ) /0.10

= 0.602

The beta of the portfolio will then be calculated as the portfolio Weight multiplied by the beta of very stick and this will be

= (0.25 × 0.43) + (0.31 × 1.458) + (0.44 × 0.602)

= 0.1075 + 0.45198 + 0.26488

= 0.82436

3 0
3 years ago
In 2007, Joe Gebbia and Brian Chesky realized they could not afford the rent on their pricey San Francisco apartment, so they de
Diano4ka-milaya [45]

Answer:

Here the correct option is (d) identified a problem or frustration; identified an opportunity or need.

Explanation:

Identified a problem or frustration; identified an opportunity or need. Airbnb began when Gebbia and Chesky identified a drag or frustration; the corporate grew because it identified a chance or need. that they had a drag of not having enough money to pay the rent, and that they identified a chance or need in letting strangers live there which they will afford, unlike an upscale bedroom.

7 0
3 years ago
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