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Ratling [72]
3 years ago
10

Waterway Company’s checkbook balance on December 31, 2020, was $84800. In addition, Sheridan held the following items in its saf

e on December 31.(1) A check for $1750 from Pharoah Company received December 30, 2020, which was not included in the checkbook balance. (2) An NSF check from Pearl Industries in the amount of $3730 that had been deposited at the bank, but was returned for lack of sufficient funds on December 29. The check was to be redeposited on January 3, 2021. The original deposit has been included in the December 31 checkbook balance. (3) Coin and currency on hand amounted to $5680. Required:The proper amount to be reported on Waterway's balance sheet for cash at December 31, 2020, is $______.
Business
1 answer:
Gemiola [76]3 years ago
4 0

Answer:

$88,500

Explanation:

The computation of the amount of cash reported in the balance sheet is shown below:

= Check book balance + check not included - NSF check + coin & currency on hand

= $84,800 + $1,750 - $3,730 + $5,680

= $88,500

We simply applied the above formula so that the correct amount of cash could arrive that is to be reported in the balance sheet

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I GIVE BRAINLIEST! ASAP!!!!
marishachu [46]

Answer:

The government can influence interest rates, print money, and setting bank reserve requirements are all tools central banks use to control the money supply. Other tactics central banks use include open market operations and quantitative easing, which involve selling or buying up government bonds

4 0
3 years ago
decides to use the needs approach to determine how much life insurance to buy. Her cash needs are $30,000; her income needs are
nadya68 [22]

Answer:

$130,000

Explanation:

For determining the additional life insurance required first we need to follow some steps which are shown below:-

Step 1

Total needs = Cash needs + Income needs + Special needs

= $30,000 + $140,000 + $100,000

= $270,000

Step 2

Total assets held = Bank accounts + Retirement plans + Investment accounts

= $20,000 + $30,000 + $40,000

= $90,000

Step 3

Total amount of life = $270,000 - $90,000

= $180,000

and finally

Additional life insurance required =

The Total amount of life - Life insurance provided by the employer

= $180,000 - $50,000

= $130,000

3 0
3 years ago
Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company
djverab [1.8K]

Answer:

Cash flow amount = $17.52 million.

Explanation:

Cash flow amount = $4.8m of land + $12 m of building + $720k of grading = $17.52 million.

5 0
3 years ago
Read 2 more answers
At December 31, 2020 Bramble Corp. had 298000 shares of common stock and 9800 shares of 6%, $100 par value cumulative preferred
Vika [28.1K]

Answer:

the earning per common share is $3.83 per share

Explanation:

The computation of the earning per common share is shown below

= Net income ÷ weighted number of outstanding shares

= $1,143,000 ÷ (298,000 shares)

= $3.83 per share

We simply divided the net income from the  weighted number of outstanding shares so that the earning per share could be determined

hence, the earning per common share is $3.83 per share

5 0
3 years ago
3. High-end pricing depends on the customer having which of the following perceptions?
djyliett [7]
<h2>More expensive products are better</h2>

Explanation:

According to psychological theory, whenever a customer sees a branded item, the next immediate thing that comes to his/her mind is the price and quality.

According to the customers point of view, a branded item will possess a good quality but the cost will be little higher when compared to the non-branded items.

So higher the price, customer feels that higher the quality.

All the other options feel right sometime but option 1 is the right answer.

5 0
3 years ago
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