Question 9 of 10

The beginning Cash account balance is $38,700. During the period, cash disbursements (outflows) totaled $144,600.

anzhelika [568]

Answer:

D. $157,100

Explanation:

Amount in $

Beginning Cash account balance 38,700

Cash disbursement (outflows) (144,600)

Cash inflows xxxx

Ending balance 51,200

Cash inflows = 51,200 + 144,600 - 38,700

= $157,100

The right option is D. $157,100.

7 0

3 years ago

2. Earl Broker is 25 years old, senior in college and he decides to put $150 every year in a Roth IRA through Vanguard Total

AURORKA [14]

Answer: a) $66,388.86

the total sum Earl will receive when he withdraws the money in his 65th birthday is $66,388.86

Explanation:

Given that;

Annuity = $150

r = 10%

Earl is 25years now

Earl plans to withdraw the money when he is 65

which mean Period N = ( 65 - 25 ) = 40

To find the future value, we use use the express

Future value = annuity × (((1+r)^n)-1)/r)

we substitute our values

Future Value = 150 × (((1 + 10/100)^40)-1)/10/100)

= 150 × (((1.10)^40)-1) / 0.01)

150 × ((45.2592 - 1)/0.1)

150 × 442.5924

Future Value = $66,388.86

therefore the total sum Earl will receive when he withdraws the money in his 65th birthday is $66,388.86

3 0

3 years ago

First City Bank pays 8 percent simple interest on its savings account balances, whereas Second City Bank pays 8 percent interest

Anarel [89]

Answer:

$14,343.25

Explanation:

First city bank pays 8% simple interest in a savings account

Second city bank pays 8% interest compounded annually

$68,000 is deposited deposited in each of the bank

The first step is to calculate the simple interesr per year of first city bank

= principal × rate

= 68,000 × 8/100

= 68,000 × 0.08

= 5,440

The interest earned for the period of 8 years can be calculated as follows.

= 5,440 × 8

= 43,520

The balance at the end of 8 years can be calculated as follows

= 68,000 + 43,520

= 111,520

The next step is to calculate the future value of second city bank

= principal × (1+R)^n

= 68,000 × (1+8%)^8

= 68,000 × (1+0.08)^8

= 68,000 × 1.08^8

= 68,000 × 1.85093021

= 125,863.25

Therefore the amount of money earned from second city bank at the end of 8 years can be calculated as follows

= 125,863.25-111,520

= 14343.25

Hence the money that was earned from second city bank at the end of 8 years is $14,343.25

8 0

3 years ago

Leslie works for a local ad agency as an intern. The agency is hired to develop an advertising campaign for a chain of coffee sh

Blizzard [7]

Answer:

With reference to the above scenario, "big ideas":

could become the bases of creative and successful advertising campaigns.

Explanation:

The 1st option is not correct as the statement "big ideas are impossible to develop as they are not applicable to retail chains" is not correct because ideas are required by every company.
The statement which states that big ideas are only needed in advertising for consumer services is not correct as every industry needs advertising.
The statement which states that big ideas are typically not the bases for effective advertising campaigns is also incorrect as big ideas are necessary fro effective advertising campaigns.
Big ideas are not limited to the advertisement of business to business scenario yet they are applicable to every kind of advertisement.
So the statement which states that big ideas can become the bases of creative and successful advertising campaigns is correct.

5 0

3 years ago

Splish Brothers Inc. reported a net income of $3.3 million in 2017. Depreciation for the year was $161,700, accounts receivable

tino4ka555 [31]

Answer:

net flow from operating activity is = $3503000

Explanation:

given data

net income = $3.3 million

Depreciation = $161,700

accounts receivable = $322,100

accounts payable = $280,800

to find our

net cash provided by operating activities using the indirect approach

solution

cash flow statement as per indirect method is as

particular amount

net income $3300000

adjustment to reconcile net income to

net cash provide operation activity $203000

net flow from operating activity $3503000

adjustment to reconcile net income = depreciate expense + accounts receivable - account payable

= $161700 + $32100 - $280800

= $203000

and

net flow from operating activity is = net income + adjustment to reconcile net income to net cash provide operation activity

net flow from operating activity is = $3300000 + $203000

net flow from operating activity is = $3503000

5 0

3 years ago