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exis [7]
3 years ago
6

The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified:

Business
1 answer:
nydimaria [60]3 years ago
6 0

Answer:

$27,909

Explanation:

Bellows Corp.

Bank Reconciliation as at April 30, 2013

Unadjusted book balance $28,750

Less:

Outstanding checks $900

NSF checks $381

Add:

Interest earned on checking account $80

Error correction[$730 - $370] $360

Adjusted book balance $27,909

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Steve Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimated
ss7ja [257]

Answer:

Loss on sale = $38,000

Explanation:

The computation of sale of tractor is shown below:-

Total depreciation = ($180,000 - $20,000) × (2,400 + 2,100) ÷ 10000

= $72,000

Net book value on January 1, 2021 = Tractor cost - Total depreciation

= $180,000 - $72,000

= $108,000

Loss on sale = Total depreciation - Net book value on January 1, 2021

= $70,000 - $108,000

= $38,000

Therefore for computing the sale of tractor we simply applied the above formula.

4 0
3 years ago
Costly Corporation is considering using equity financing. Currently, the firm's stock is selling for $26.00 per share. The firm'
makkiz [27]

Answer: 26.85%

Explanation:

Based on the information given in the question, the firm's cost of internal equity will be calculated as:

Cost of equity = (D1/Current price) + Growth rate

= (4.90 / 26.00) + 8.0%

=(4.9/26) + 0.08

=26.85%

Therefore, the firm's cost of internal equity is 26.85%.

7 0
3 years ago
PLS I NEED THIS FAST !!! IN THE MIDDLE OF THE TEST AND ITS DUE IN A COUPLE OF MINUTES !!! I WILL GIVE BRAINLIEST
aev [14]

Answer:

B

Explanation:

6 0
4 years ago
Read 2 more answers
In the needs assessment process, organizational analysis involves identifying:________. 1. the conditions under which tasks are
Step2247 [10]

Answer:

Option "2" is the correct answer to the following statement.

Explanation:

Institutional research in the requirements assessment process includes determining the training and learning resources accessible.

Employee preparation for practice requires determining if the working environment of a company can promote learning, rather than conflicting with employee performance.

Therefore, option "2" is correct.

4 0
4 years ago
One year ago, you purchased a 6 percent coupon bond with a face value of $1,000 when it was selling for 98.6 percent of par. Tod
lutik1710 [3]

Answer:

option (A) $86

Explanation:

Data provided in the question:

Coupon rate = 6%

Face value of bonds = $1,000

Purchasing price (i.e the selling percentage at the time of purchase )

= 98.6% of par

Selling price = 101.2% of par

Thus,

Annual Coupon payment = Face value × Coupon rate

= $1,000 × 6%

= $60

Now,

Purchase price = $1,000 × 98.60%

= $986

Sales price = Face value of bonds × Selling price

= $1,000 × 101.20%

= $1,012

Therefore,

Total dollar Return

= Sales price + Annual Coupon payment - Purchase price

= $1,012 + $60 - $986

= $86

Hence,

The correct answer is option (A) $86

4 0
3 years ago
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