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Neko [114]
2 years ago
10

Al's Bakery has a checkbook balance of $1,650. A $700 deposit was made today and will be added to the available balance tomorrow

. There are two outstanding checks that total to $623 that should clear tomorrow. There are no other outstanding items. Which one of the following statements accurately reflects this situation?
a. The firm's current available balance is equal to $1,650 plus $700 minus $623.
b. The disbursement float is $1,650.
c. The firm's available balance is greater than its book balance.
d. The firm's collection float exceeds its disbursement float.
e. The firm has a net disbursement float.
Business
1 answer:
Pepsi [2]2 years ago
5 0

Answer: D. The firm's collection float exceeds its disbursement float

Explanation:

Based on the information given in the question, the collection float will be $700. This refers to the check that hasn't been credited yet to AI's Bakery account.

Then, the disbursement float is $623. Therefore, we can infer that the collection float is more than the disbursement float.

You might be interested in
Square Hammer Corp. shows the following information on its 2018 income statement: Sales = $206,000; Costs = $123,000; Other expe
EastWind [94]

Answer:

a. What is the 2018 operating cash flow?

$31,200 + $14,000 = $45,200

b. What is the 2018 cash flow to creditors?

-$13,100 - $3,100 = -$16,200 (it is negative since interests and principal were paid to creditors)

c. What is the 2018 cash flow to stockholders?

-$10,000 + $4,600 = -$5,400 (it is negative since more dividends were paid to stockholders than new equity raised)

d. If net fixed assets increased by $22,000 during the <em>year, what was the addition to NWC?</em>

net capital spending = depreciation + increase in fixed assets = $14,000 + $22,000 = $36,000

cash flow from assets = cash flow to creditors + cash flow to stockholders = -$16,200 - $5,400 = -$21,600

change in net working capital = operating cash flow + cash flow from assets  - net capital spending = $45,200 - $21,600 - $36,000 = $12,400

Explanation:

net income = $206,000 - $123,000 - $7,900 - $14,000 - $13,100 - $16,800 = $31,200

8 0
2 years ago
"A customer is long the Swiss Franc at a cost of $.60 per SF. The customer wishes to place a collar on the position using PHLX S
AURORKA [14]

Answer:

To create the collar, the customer would: <u>buy 1 PHLX 59 SF Call and sell 1 PHLX 61 SF Call.</u>

Explanation:

The meaning of a "collar" is that a put is bought at a strike price that is less than the price of the underlying instrument (this implies that a floor has been put on the price of the instrument); and that a call is disposed at a strike price which is higher than the price of the underlying instrument (this indicates that a ceiling above which the instrument will be called away has been created).

When a collar is put on the price, it indicates that the customer is majorly giving a guarantee for the underlying instrument's minimum and maximum price.

This should make the net cost of the collar to be close to zero due to the fact that the two contracts are "out the money" and also because the premium paid to buy the put is offset by the premium received when the call was sold.

Therefore, since customer in the question wishes to place a collar on the position using PHLX SF FLEX options, he would <u>buy 1 PHLX 59 SF Call and sell 1 PHLX 61 SF Call</u> to create the collar.

3 0
3 years ago
In order for a person to recognize Nice that are not being met and make a career out of fulfilling unmet needs, that person must
Dmitry_Shevchenko [17]

The correct answer is; Sight and foresight.

Further Explanation:

When a person can recognize that someone's needs aren't being met, they can make a career out of being a caregiver. First, the person must be able to to have foresight and sight into another persons needs and be able fulfill everything that they haven't been getting.

Being a caregiver is a role that needs someone that has compassion and be able to know what is needed before being asked. There are other careers that can be made by having the sight and foresight that others may not have.

Learning to become an entrepreneur and have your own business can be hard to start but with three traits, anyone can do it if they try. The three traits to have are;

  1. motivation
  2. decision making
  3. sight & foresight

Learn more about being an entrepreneur at brainly.com/question/8461972

#LearnwithBrainly

8 0
2 years ago
The market capitalization rate on the stock of Aberdeen Wholesale Company is 12%. Its expected ROE is 14%, and its expected EPS
Dmitry_Shevchenko [17]

Answer:

100

Explanation:

The market capitalization rate is 12%

= 12\100

= 0.12

Its expected ROE is 14%

= 14/100

= 0.14

The expected EPS is $3

The Plow back ratio is 80%

= 80/100

= 0.8

The first step is to calculate the dividend payout ratio

= 1-0.8

= 0.2

The expected dividend can be calculated as follows

=0.8×3

= $2.4

The growth rate can be calculated as

follows

= 0.8×0.14

= 0.112×100

= 112%

The value can be calculated as follows

= 2.4/0.12-0.112

= 2.4/0.008

= 300%

Therefore, the P/E ratio can be calculated as follows

= 300/3

= 100

7 0
3 years ago
As an upper-level manager for IBM, Rodney is one of many people responsible for allocating organizational resources in order to
Luba_88 [7]

Answer:

The answer is: Information resources

Explanation:

Information resources are the data and information assets used by an organization, department or unit.

Rodney probably is responsible for Information Resource Management (IRM). IRM involves identifying data as an asset, categorizing it and providing various types of active management.

5 0
3 years ago
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