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pshichka [43]
2 years ago
13

Prepare an income statement for Jay Pembroke for the month of April 20xx using the account balances given below. Cash $13,561 Ac

counts Receivable 1,928 Office Supplies 4,504 Prepaid Insurance 1,186 Accounts Payable 315 Jay Pembroke, Capital 18,763 Jay Pembroke, Drawing 142 Service Fees 3,080 Rent Expense 837 Income Statement Prepare an income statement for Jay Pembroke for the month of April 20xx using the account balances.
Business
1 answer:
Luden [163]2 years ago
5 0
The answer will be well he had fees 3080 soo rjhdhshs
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The Atlanta Braves signed an outfielder to a five-year contract. The contract calls for the following cash flows: a signing bonu
Aleonysh [2.5K]

Answer:

$63.56 million

Explanation:

We are to find the present value of the cash flows in order to determine the value of the contract today

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 0 = $4.00 million  

Cash flow in year 1  = $12.09 million

Cash flow in year 2  = $13.36 million

Cash flow in year 3  = $14.17 million

Cash flow in year 4  = $15.26 million

Cash flow in year 5  = $16.43 million

I = 6%

Present value = $63.56 million

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

6 0
3 years ago
You need to have an emergency fund that can cover____months of your fixed expences.
elena-14-01-66 [18.8K]
The answer is C hope it helps 
4 0
3 years ago
M1 includes more than just currency because
MariettaO [177]

Answer: Option (A) is correct.

Explanation:

Correct Option: Other assets can also be used to make transactions to buy goods and services.

M1 = Currency with public + check-able/Demand deposits + other deposits with RBI

It includes more than just currency with public because there are some other assets as well which are highly liquefied and helps people in buying goods and services.

Check able deposits is one of the component of M1, other than currency with public. People can withdraw these deposits at any point of time which people generally used make transactions for buying goods and services.

6 0
3 years ago
McGriff Dog Food Company normally takes 30 days to pay for average daily credit purchases of $9,730. Its average daily sales are
Nookie1986 [14]

Answer:

The net credit position is -28,420 (thus, is i na debit position)

if the payment cycle increases to 37 days then, net credit position 40,800

The company improve its cash flow as is now delaying the paying of the purchases for more days thus, redducing his overall cash needs per year.

Explanation:

The net credit position is the difference between accounts receivable and accounts payable

Accounts receivable = average daily credit sales X average collection period receivable

Accounts receivable: 10,010 x 32 = 320,320

Accounts payable = average daily credit purchases X average payment period payable

Account Payable: 9,730 x 30 = 291,900

Accounts Receivable - Accounts Payable:

320,320 - 291,900 = 28,420

If the tiem period increases; then:

A/P = 9,730 x 37 = 361,120

position: 320,320 - 361,120 = 40,800

3 0
3 years ago
What amount of money was loaned if the borrower paid $950 in interest at the end of 6 months and was charged 7% annual interest?
Ronch [10]

Answer:

The loan amount was $27,142.86

Explanation:

Data provided in the question:

Total interest paid for the loan amount = $950

Time for which interest is charged = 6 months = 0.5 year

Annual interest rate = 7% = 0.07

Now,

Interest  = Principle × Rate × Time

or

$950 = Principle × 0.07 × 0.5

or

Principle = $950 ÷ 0.035

or

Principle = $27,142.86

Hence,

The loan amount was $27,142.86

4 0
3 years ago
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