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Alecsey [184]
3 years ago
15

Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted

cash balance per books on May 31.
Cash balance per books, May 31 $3,457
Deposits in transit 131
Notes receivable and interest collected by bank 853
Bank charge for check printing 47
Outstanding checks 1,567
NSF check 180
a. $3,816.
b. $2,730.
c. $1,195.
d. $1,979.
Business
1 answer:
SashulF [63]3 years ago
6 0

Answer:

$4,083

Explanation:

Preparation of the Adjusted Cash Balance per Books on May 31

Adjusted Cash Balance per Books on May 31

Cash Balance per Books on May 31 $3,457

Add Notes Receivable and Interest Collected by Bank $853

Less Bank Charge for Check Printing ($47)

Less NSF Check ($180)

Adjusted Cash Balance per Books on May 31 $4,083

Therefore the Adjusted Cash Balance per Books on May 31 will be $4,083

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Weismann Co. issued 13-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments and have a par v
Elis [28]

Answer:

$1,423.39

Explanation:

For computing the current bond price we use the present value formula i.e to be shown in the attachment below:

Given that,  

Future value = $1,000

Rate of interest = 6%  ÷ 2 = 3%

NPER = 13 years  - 1 year = 12 years × 2 = 24 years

PMT = $1,000 × 11% ÷ 2 = $55

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

After applying the above formula, the current bond price is $1,423.39

3 0
3 years ago
Suppose that signaling theory is correct. Harris Inc. is planning a large expansion and needs to raise new capital. If managemen
lara31 [8.8K]

Answer:

a)equity

Explanation:

From the question, we are informed about that how Harris Inc. is planning a large expansion and needs to raise new capital. If management thinks the firm’s stock is overvalued and its prospects are poor while investors are unaware of these opinions, In this case the management will want to raise capital using equity. In finance, equity can be regarded as when there is debts or liabilities associated to the ownership of assets .It can be visualize as the stake of shareholder in the firm which can be seen on balance sheet of the company .Equity is measured for accounting purposes by subtracting liabilities from the value of an asset. Equity can be calculated as substraction of total liabilities from total assets of the company , it's usefulness bid found in some key financial ratios like ROE.

8 0
3 years ago
Which of the following are examples of career clusters? Select all that.apply
attashe74 [19]

Answer:

governmental and public admiration and real estate

Explanation:

5 0
3 years ago
Your firm wants to use external sources for new product ideas. After consulting with a friend you learn that all of the followin
astraxan [27]

Answer:

A. The firm's Executives

Explanation:

External Sources to a firm are those sources that are related to be not part of the day to day running of the affairs of the firm. As such the firm's executives are internal sources because they represent the interest of the firm.

In case of a sole proprietorship or partnership business, these executives are the owners of the business while in the case of listed firms, they represent the interest of the owners of the firm. They cannot therefore be regarded as external sources

Competitors are related as they are within the same product line but they are not involved in the daily affairs of the firm, suppliers make raw materials available while customers patronise the business. Trade shows magazine on the other hand independently report the progress of all firms within the industry. These are the external sources.

4 0
3 years ago
Suppose that Japan is considering placing trade restrictions on imports of U.S. pharmaceuticals. It could choose either a tariff
Mamont248 [21]

Answer:

1) Japanese buyers of pharmaceuticals.

Instead of focusing on U. S pharmaceuticals, we can look for Japanese buyers of pharmaceuticals. The fact should be acknowledged that if both the policies result in the same quantity which is being imported, then the price paid by the Japanese buyers will be identical as well.

2) Japanese producers of pharmaceuticals.

If both policies are resulting in the same quantity of the import, then the Japanese producers should be indifferent to which trade restriction is selected.

8 0
3 years ago
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