Answer:
$4,400
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
The adjusted cash balance is the balance after all the transactions omitted from the cash balance have been considered.
Deposits in transit at month-end $ 1,900 - No adjustments required
Outstanding checks at month-end $ 570 - No adjustment required
Bank service charges $ 30 - To be deducted
EFT automatically deducted monthly, not yet recorded by Maxi $ 480 - To be deducted
An NSF check returned on a customer account $ 315 - To be deducted
Adjusted cash balance = $5,225 - $30 -$480 - $315
=$4400
Answer:
NO, court does not have subject matter jurisdiction over the landscaper's contract claim
Explanation:
given data
landscape work = $30,000
seeking in damages = $100,000
solution
landscaper assert and maintain claim against an home owner for breach of contract is no because court have diversity of an citizenship in the jurisdiction over an home owner for negligence claims .
we know that Federal Rule of Civil Procedure permit only counter claims and federal court have not any subject matter jurisdiction over an landscaper contract claims
Answer:
Testerman Construction Co.
Internal rate of return method in analyzing capital expenditure:
Present value of expenditure = $149,630
Present of cash inflows annuity = $149,630 (using 20% discount rate and present value annuity factor of 3.3251 x $45,000)
NPV = $0 (PV of cash outflow - PV of cash inflow)
Therefore, the IRR = 20%
Explanation:
a) Data and Calculations:
Investment cost = $149,630
Annual net cash flows = $45,000
Investment period = 6 years
Annuity of future cash flows = 3.3251
b) Testerman’s IRR (Internal Rate of Return) is a capital budgeting and analysis tool which determines the discount rate that makes the present value of future inflows equal to the present value of outflows from a project. This IRR helps the managers to determine the projects that add value and are worth undertaking. IRR is based on assumptions. Similar projects with the same IRR will differ in returns due to the differences in timing and the size of the cash, the amount of debts and equity used to generate the returns, and the assumption of a constant reinvestment may which IRR makes.
Answer:
Hewo I'm fine What about you?
Answer:
The reason the government is often more responsive to producer interests than to consumer interests when it comes to the imposition of tariffs and quotas is:
it wants to ensure that producers are protected from foreign competition.
Explanation:
Producers face foreign competitive threats. Consumers do not face such competition. Therefore, the government will often consider the producers' interests more than the consumers' interests when imposing trade tariffs and quotas. If local industries are not protected from their foreign competitors, the unemployment rate will increase and the economy will be flooded with cheap and low quality goods from other countries. In that way, the US will be subsidizing the foreign producers indirectly.
