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wariber [46]
3 years ago
11

Bank charged interest on overdraft Rs. 500 journal entry​

Business
1 answer:
Komok [63]3 years ago
7 0

Answer:

interest is overdraft a/c.

Explanation:

In the cash book the above entry would be recorded on the credit side and as we know that pass book is an exact opposite record of the cash book so, interest on bank overdraft would be recorded on the debit side of the pass book

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Haskell Motots common equity on the balance sheet totals $700million and the company has 35 million shares of common stockoutsta
Ludmilka [50]

Answer:

Statements A and C are correct.

Explanation:

  • Book Value per share is the value shown in the balance sheet, which is calculated by:

Formula: BV = \frac{Total common holder stocks}{number of common shares}

After putting values in the formula we get:

BV = \frac{700m}{35m} = 20

  • Market value per share is calculated on the bases of prices of share according to the market. For example, if your company has $10000 share outstanding and the price in market per share is 50 then the market value would be $500000.

So, we have to calculate market value per share for that we have to reverse the actual calculation, which means we will have to divide total market value of outstanding shares  by the total number of outstanding shares to get market value per share:

MV per Share = \frac{10m}{35m} = 28.5

<em>Hence, statement A and C both are correct. </em>

4 0
3 years ago
A stock is currently selling for $67 per share. A call option with an exercise price of $70 sells for $3.21 and expires in three
natulia [17]

Answer:

$5.76

Explanation:

Calculation to determine the price of a put option with the same exercise price

We would be Using put-call parity and solving for the put price

$67 + P = $70e^–(.026)(3/12)+ $3.21

$67 + P = $70e^–(.026)(.25)+ $3.21

$67 + P =190.2797^–(0.0065)+ $3.21

$67 + P =$69.5465+ $3.21

$67 + P =$72.7565

P=$72.7565-$67

P=$5.7565

P=$5.76 (Approximately)

Therefore the price of a put option with the same exercise price will be $5.76

7 0
3 years ago
Jim and Lisa are buying their first home together. The purchase price is $157,500.00 and they are putting a 20 percent down paym
Fantom [35]

Answer: D. $90,518.40

Explanation:

They are putting a 20% down payment on the home which means they are paying 80%;

= 80% * 157,500

= $126,000

First find the monthly payments;

Present value = Payment * ((1 - (1 + r)^-n) / r)

n= 20 * 12 = 240 months

r = 6/12 = 0.5%

126,000 = Payment * (( 1 - ( 1 + 0.5%)⁻²⁴⁰) / 0.5%)

126,000 = Payment * 139.58077168292915831291691663652‬

Payment = 126,000/139.58077168292915831291691663652‬

Payment = $902.70313

They'll pay that for 240 months;

= 902.70313 * 240

= $216,648.7512

Interest = 216,648.7512 - 126,000

= $90,648.7512‬

= $90,648.75

<em>Closest answer is D. </em>

3 0
3 years ago
When a partnership is liquidated, how is the final distribution of partnership cash made to the partners?
velikii [3]

According to the profit and loss the partnership is liquidated, and the final distribution of partnership cash is made to the partners.

When a partnership is liquidated, how is the final distribution of partnership cash made to the partners? Which of the subsequent statements is actually concerning the accounting for a partnership going via liquidation? within a liquidation, all gains and losses are divided equally among some of the partners.

The partnership comes to a decision to liquidate, the property of the partnership is sold, liabilities are paid off, and any remaining coins are sent to the companions according to their capital account balances.

Liquidating distributions (coins or noncash) are a form of a return of capital. Any liquidating distribution you receive isn't always taxable to you until you recover the basis of your inventory. After the idea of your stock is reduced to zero, you ought to document the liquidating distribution as a capital advantage.

Learn more about partnership Liquidating here:brainly.com/question/24131354

#SPJ4

4 0
2 years ago
A disaster recovery plan is a plan that shows the organization’s intended efforts to restore operations at the original site in
QveST [7]
<span>It is false that a disaster recovery plan is a plan that shows the organization’s intended efforts to restore operations at the original site in the aftermath of a disaster. As a matter of fact, this type of planning is called an operational plan.</span>
3 0
3 years ago
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