Answer:
Adjusted Bank Balance $1,020
Explanation:
The question is incomplete, therefore, the complete question is as follows:
Shady Mills Company Cash account shows an ending balance of $1200. The bank statement shows an ending balance of $770. Additional information includes:
$30 Service Charge
$300 Deposit in transit
$50 Outstanding Checks
What is the adjusted bank balance?
Solution:
The process for determining the Adjusted Bank Balance is a simple one, basically, we consider how the additional information affects the discrepancies between both the Cash balance and the bank balance.
The Calculation is as follows:
The Ending Bank Balance $770
Add: Deposit in Transit $300
Less: Outstanding Checks ( $50)
Adjusted Bank Balance $1,020
Note that the Service Charge will be part of the adjustment of the Cash Balance.
Answer:
FV= $94,108.42
Explanation:
<u>First, we need to calculate the future value of the 12 annual deposits:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {3,500*[(1.06^12) - 1]} / 0.06
FV= $59,044.79
<u>Now, the future value at the end of the 20 years (8 years more):</u>
FV= PV*(1 + i)^n
FV= 59,044.79*(1.06^8)
FV= $94,108.42
Answer:
Answer is given below.
Explanation:
A)
The complete table with formula is below:
Individual and Market Supply of Peaches
Price Quantity of Peaches Supplied
(pounds)
(dollars per pound)
GA SC MarkePGA+SC
10 20,000 18000 38,000
8 16,000 15,000 31,000
6 12,000 12000 24,000
4 8000 9000 17,000
2 4000 6000 10,000
When Price = $6, quantity of peaches supplied to the market = 24,000 pounds (or 12.000±12.000
pounds)
0.02 hours per mile would be the answer