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ASHA 777 [7]
3 years ago
9

The following information was used in reconciling the bank account for Minerva Company on October 31: Balance per bank, October

31 $36,640 Insufficient funds check 1,400 Outstanding checks 1,800 Utility bill paid by bank 1,240 Check printing charge 80 Deposits in transit 2,440 Balance per books, October 31 40,000 Calculate the Adjusted Book Balance on October 31.A $37.280.B. $37.680.C. $36.080.D. $33,440.
Business
1 answer:
Strike441 [17]3 years ago
3 0

Answer: A $37.280.

Explanation:

Adjusted book balance will include those transactions made or charged by the bank for/to the company so will include;

= Balance per books - Insufficient funds check - Utility bill paid by bank  - Check printing charge

= 40,000 - 1,400 - 1,240 - 80

= $37,280

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In a small, closed economy national income (GDP) is $750.00 million for the current month. Individuals have spent $300.00 millio
Gwar [14]

Answer:

Investment is $50 million as shown below.

The national savings is -$150m as government spent more than it received in taxes.

The national savings and the investment moving in different directions shows that the economy is running a deficit budget

Explanation:

The formula for computing GDP is given as:

GDP = C + I + G + (Ex - Im)

Where C=Consumption

I=investment

G=Government expenditure

Ex=Export

Im=Import

In this case,neither export nor import is applicable

The formula becomes:

GDP=G+I+C

Rewritten I=GDP-C-G

I=750-300-400

I=$50m

National savings is the difference between what government in taxes and government exenditure.

National savings =T-G

National savings=250-400

National savings=-150m

3 0
3 years ago
A bond is selling for 95% of par and has an annual coupon rate of 6% and will mature in five years. There are semi-annual coupon
Alex

Based on the selling price, the coupon rate, and the period, the yield to maturity will be <u>7.2%. </u>

<h3>What is the yield to maturity?</h3>

This can be found using a financial calculator or Excel worksheet.

Face value = 95% x 1,000

= $950

Coupon amount = 1,000 x 6% / 2 semi annual periods per year

= $30

Period = 5 years x 2

= 10 semi annual periods

Yield to maturity is = 3.6%

Annual yield to maturity:

= 3.6% x 2

= 7.2%

Find out more on yield to maturity at brainly.com/question/15172286.

4 0
3 years ago
As part of its risk management strategy, Copper Monkey Mining sells futures contracts to hedge changes in fair value of its inve
tankabanditka [31]

Answer:

In the March 31 statement of financial position, the company should record the futures contracts as a  loss and liability of $100,000

Explanation:

GAAP specifies that all derivatives instrument and hedging activities recorded  in the balance sheet are assets and liabilities and measured at fair value.

At the starting of the futures contracts, the fair value is $0 since the prices of the future contract was entered at that date.

Given that 200 futures contracts was sold at the commodity exchange foo $$0.83/lb and each contract was for 25,000 lb. Therefore a fair value hedge of 5 million lb. (25,000 lb. × 200 contracts) of copper at $0.83/lb is expected to be delivered.

The price had risen to $0.85/lb at the date of the financial statements, Copper Monkey should record a loss and liability = (5 million lb) × ($0.83 – $0.85) = 5000000 × 0.02 = 100000

Copper Monkey should record a loss and liability of $100,000

5 0
3 years ago
Coastharp, a furniture e-commerce website, allows its customers to book one-hour slots during which they wish to get their furni
FinnZ [79.3K]

Answer:

b

Explanation:

Form utility is a type of nullity that occurs as a result of the design of the product or service itself.

Time utility exists when a company makes a good or service available to consumers at the time that is most desirable or convenient for them.

Possession utility is utility derived from owning a product

7 0
3 years ago
Problem 1: Long-term Debt Financing
mihalych1998 [28]
Can you post a pic so I can see more of it.
7 0
3 years ago
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