Answer:
Bank Reconciliation Statement:
Calculation of Adjusted cash Balance on 31 May:
Cash Balance: $ 29,300
less: Bank Charges $ (190)
less: NSF Check <u> $ (420)</u>
Adjusted cash Book Balance $ 28,690
Add: Outstanding Checks $ 6,500
Less: Uncleared Checks <u>$ 7,100</u>
Revised Cash Book Balance (A) <u>$ 28,090</u>
Bank Statement Balance $ 27,600
Add: Error by Bank <u>$ 490 </u>
Adjusted Bank Balance (B) <u>$ 28,090</u>
Explanation:
Bank reconciliation is a company document prepared in order to reconcile difference between balance as per cash book and balance as per bank statement.
The difference arise because of two reasons:
- Timing differences (Outstanding checks and Uncleared checks
- Error and Omissions. (Bank charges -NSF)
Answer:
I would say false
Explanation:
the charger is like an appliance . if it isn't in use it's harmless . I don't know for sure.
Answer:
Comparative advantage
Explanation:
The reason is that Japan has less oportunity cost to manufacture cameras than US, so the Japanese companies has an advantage over US companies to compete not on efficiencies but on the cost of the product. Japanese camera won the US market very easily because the japanese camera costs very less to produce in Japan rather than in US. So the comparative advantage theory explains this trade of cameras in international trade with a better explanation.
Answer: Option A which is the Dealership 0% financing option will be preferable if the Price of the car is less than the different of Loan monthly Payments minus Rebates.
Explanation:
OPTION 1
A buyer pays 60 monthly instalments and the interest rate is 0%. This tells us that there is no interest the value of the debt (Which is the price of 2003 Protege S hatchback) will not increase over the period of 60%, with this option time value of money is not considered.
Option 2
The buyer receives a Rebate of $3600 if the car is paid for in cash. The buyer qualifies for a loan at an effective rate of 7% per annum. The amount of a loan will be the Price of a 2003 Protege S Hatchback. Assuming the Loan will also ave a period of 60 months, The Total amount Payable over the period of 60 months equals Loan Monthly payments multiplied by 60 months. The buyer receives a rebate of $3600, therefore The Net Amount Payable for Option 2 financing is found by multiplying Loan monthly payments by 60 months then subtract the Cash Rebate received of $3600
Let us now compare the two options to find out how Large must the Car be for option A to be preferable.
Y = The Price of a 2003 Protege Hatch Back, Which also equals the amount of debt over a period of 60 years (option A has no interest)
Monthly Payments of a loan = P
number of Periods = 60 months
Debt in 60 months versus Loan payments multiplied by 60 months - rebate
Therefore Y ∠ P x 60 months - $3600
Option A which is the Dealership 0% financing option will be preferable if the Price of the car is less than the different of Loan monthly Payments minus Rebates.
Answer:
B. Payment of cash dividend
Explanation:
Payment of stock dividend, declaration of cash dividend or stock split does not involve outflow of cash. Hence, they do not form part of cash flow statement.
A stock dividend is a dividend payment made in the form of additional shares rather than a cash payout.
