Answer:
$11,160
Explanation:
The computation of the adjusted balance on the bank reconciliation is shown below:
For Bank balance
= Balance per bank + Deposit in transit - Outstanding checks
= $14,400 +$2,120 - $5,360
= $11,160
For book balance:
= Balance per company records - NSF checks - Bank service charges
= $12,005 - $780 - $65
= $11,160
Explanation:
Your Credit History
Your Ability To Pay The Loan
Your Cash Flow History
Answer:
Option A Written report that quantitatively describes a firm's financial health
Explanation:
The reason is that the financial statements reflects the firm's finanacial health in terms of profits & losses, Assets and its worth, Cash flows and Equity at the year end. This gives an overview where the company is heading. Financial statements gives an overview how the company has managed its costs, increased profits, increased investments, cash generation from core operations, etc. It has wide number of use for decision making purposes for its stakeholders.
Answer:
$0.008891/Yen
Explanation:
The computation of arbitrage free rate is shown below:-
Fair forward rate = Spot rate × (1 + Interest rate US) ÷ (1 + Interest Rate Japan)
= 0.008828 × (1 + 5.25%) ÷ (1 + 4.5%)
= $0.00889135885/Yen
or
= $0.008891/Yen
Therefore for computing the arbitrage free rate we simply applied the above formula.
Answer:
Mar 1 Cash 15000 Dr
Common Stock 15000 Cr
Mar 5 Cash 7800 Dr
Note Payable 7800 Cr
Mar 10 Equipment Account 19000 Dr
Cash 19000 Cr
Mar 15 Advertising expense 1000 Dr
Cash 1000 Cr
Mar 22 Accounts Receivables 16800 Dr
Service Revenue 16800 Cr
Mar 27 Cash 11800 Dr
Accounts Receivable 11800 Cr
Mar 28 Salaries Expense 4800 Dr
Cash 4800 Cr
Explanation:
Mar 1 The issuance of common stock will bring in cash so cash account will be debited and common stock, which is capital, will be credited.
Mar 5 The notes signed is a liability and will be credited as liability increases and the cash received will be debited.
Mar 10 The purchase of equipment against cash is an increase in equipment which is an asset so it will be debited and cash will be credited
Mar 15 The advertising is an expense and as it is increasing it will be debited and cash will be credited.
Mar 22 The provision of services on account will increase accounts receivable and service revenue. The revenue will be credited and receivables, which are asset will be debited.
Mar 27 The receipt of cash against receivables will be debited as cash increases and credited in receivables account.
Mar 28 The payment of salaries is an expense.
