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Colt1911 [192]
3 years ago
9

Susan Pinsky's checking account had a balance of $137.66. She wrote a check for $23.62 on September 3. On September 7, the bank

made an automatic transfer (AT) of $25.41 to pay her phone bill. She made a deposit of $146.24 on September 12. What is the new balance Pinsky's account?
Business
1 answer:
musickatia [10]3 years ago
3 0

Answer:

$234.87

Explanation:

Pinky's new balance will be the opening balance plus additional. Deposits minus withdrawals. The new balance will be the starting balance plus cash-in minus the cash-out.

Starting balance =$137.66

Cash-in:  $146.24

Cash-out :  check $23.62 + (AT) of $25.41 =$49.03

New balance = $137.66 + $146.24 - $49.03

=$283.9- 49.03

=$234.8

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Myers Corporation's stock currently trades at $40 a share. Investors estimate that the year-end dividend will be $2.00 a share a
Fofino [41]

Answer: 10.2%

Explanation:

The formula to solve this question will be: Re =D1/P0(1 - float) + g

where,

D1 = $2.00

P0 = $40

Float = 4% = 4/100 = 0.04

g = 5% = 5/100 = 0.05

We will then solve Myers' cost of new external equity by slotting the values into the formula written. This will now be:

Re =D1/P0(1 - float) + g

= 2/40(1 - 0.04) + 0.05

= 2/(40 × 0.96) + 0.05

= 2/38.4 + 0.05

= 0.052 + 0.05

= 0.1020

= 10.2%

Myers' cost of new external equity will be 10.2%

4 0
4 years ago
Kid’s Corner sells lamp systems for $25. These systems use LEDs to create a light display across walls or ceilings. Kid’s Corner
tatiyna

Answer:

a. Breakeven point: 1,500 units.

b. Kid´s Corner would have to sell 2,333.33 units to earn $10,000 in operative income.

Explanation:

a. breakeven point in units=\frac{fixed costs}{Total sales revenue - Cost to make product}

breakeven point= =\frac{18,000}{25-13}=1,500 units

b. Operating income =  Total revenue - direct costs-indirect costs

$10,000=$25*X-$13*X- 18,000

Where X is the amount of units to sell

Isolating X from the equation, we have:

12X=28,000

X=28,000/12

X= 2,333.33

4 0
3 years ago
. On January 2, 2012, Wine Corporation wishes to issue $3,000,000 (par value) of its 8%, 10-year bonds. The bonds pay interest a
Ksivusya [100]

Answer:

The correct option is B,$2,631,204

Explanation:

The amount Wine corporation would realize from the sale of the bonds is the present value of all cash flows payable by the bond which includes the annual interest payments as well as the principal repayment in 10 years.

amount of interest payment=$3,000,000*8%=$240,000

The $240,000 would be received by investors for 10 years

The principal is the face value of $3000,000 payable in year ten

Present of face value=$3,000,000*0.3855=$1156500

present value of all interest payments=$240,000*6.1446=$1474704

Total present values=$1474704 +1156500 =$2631204

5 0
3 years ago
PLEASEEEE HELP!! 20 POINT ASSIGNMENT
Hoochie [10]

Answer:

Stocks for number 2

i dont know for number 3

Explanation:

7 0
3 years ago
Read 2 more answers
Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $57000. If the b
just olya [345]

Answer:

The balance after adjustment is $57,000

Explanation:

Bad debt expense is the company's expense due to the inablity if it's debtor to pay their owed amount. Bad debts expense is also referred to as uncollectible accounts expense. The estimated estimated uncollectible accounts given in the question is $57,000. So the balance after adjustment of the allowance for doubtful accounts would be $57,000 debit.

4 0
3 years ago
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