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3 years ago

The following data was identified by Raines Corp. in preparation of its bank reconciliation on October 31, 2017:

Business

1 answer:

Elena-2011 [213]3 years ago

3 0

Answer:

the adjusted cash balance on October 31, 2017 is $29,600

Explanation:

The computation of the adjusted cash balance on October 31, 2017 is shown below:

Bank statement balance $30,700

Add: Deposits in transit $3,100

Less; Outstanding checks $4,200

Adjusted cash balance on October 31, 2017 $29,600

hence, the adjusted cash balance on October 31, 2017 is $29,600

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Buying is the highest risk investment because the outcome is unknown and you have to take a gamble.

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2 years ago

You want to construct a portfolio containing equal amounts of U.S. Treasury bills, stock A, and stock B. If the beta of the stoc

7nadin3 [17]

Answer:

beta of stock B = 1.33

Explanation:

the beta of treasury bills is 0

the beta of stock A = 1.46

the beta of stock B = ?

the portfolio contains equal amounts of each investment and its overall beta is 0.93

0.93 = (0 x 1/3) + (1.46 x 1/3) + (B x 1/3)

0.93 = 0 + 0.4867 + 0.333B

0.93 = 0.4867 + 0.333B

0.4433 = 0.333B

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3 years ago

what are the intangible property that is protected by law which an enterpreneur should consider when starting up a business

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Answer:

Several types of intanigle property, also known as intangible assets, are protected by law. The three main types are: copyrights, patents, and trademarks.

A copyright is a protection of a creative work like a book, a song, or a film

A patent is a legal protection for a scientific or technological invetion.

And a trademark is a protection of a phrase, name, brand, or symbol that identifies a particular company.

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3 years ago

Which of the following illustrates a tradeoff? A. Randy enjoys ski vacations. B. I will study for my exam instead of going to t

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A tradeoff is a balance achieved between two desirable but incompatible feature. So the reasonable answer would be B

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3 years ago

Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,338. FICA tax for S

deff fn [24]

Answer:

$1,057.86

Explanation:

Payroll taxes include:

Social security tax withholdings 6.2% (on the first $132,900 of wages paid) = 6.2% x $8,338 = $516.96
Medicare tax withholding 1.45% = 1.45% x $8,338 = $120.90
Federal unemployment taxes (FUTA) 0.6% = $7,000 x 0.6% = $42
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total payroll taxes = $1,057.86

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3 years ago