I am pretty sure it is sales budget
Answer:The up-to-date ending cash balance on October 31 is: $8,290---C
Explanation:
A bank Reconciliation statement helps to match a company's book record to its bank record and adjust discrepancies, If any.
Here, the deposits in transit and outstanding checks fall under the bank's accounting records and will not be involved in the company's additions or deductions in the accounting book balance records.
Ending cash balance as per books = $7,000
Add:
Interest received from Bank = +$1,700
subtotal $8,700
Deduct
Bank Service charge = -$60
NSF check = -$350
Up-to-date ending cash balance = $8,290
Answer:
Greg eats pizza every day of the week. The marginal utility of pizza will most likely <u>decrease </u> by the end of the week, and all else being equal, this demonstrates the law of <u> diminishing marginal </u><u>utility</u><u> </u><u>.</u>
Answer:
The alpha of the stock is 3.7%.
Explanation:
Alpha is the abnormal or additional return expected or received on a stock in excess of the required rate of return for such a stock as calculated by the Security market line or Capital asset pricing model equation.
We first need to calculate the required rate of return for such a stock and then deduct that rate from the expected rate of return to reach at alpha or the abnormal return.
- Required rate of return (r) = 0.05 + 1.1 * (0.08 - 0.05) = 0.083 or 8.3%
The abnormal return or alpha for such a stock is,
- Alpha = 12% - 8.3% = 3.7%
