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2 years ago

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On May 31, the Cash account of Teasel had a normal balance of $5,900. During May, the account was debited for a total of $13,100

and credited for a total of $12,400. What was the balance in the Cash account at the beginning of May?

1 answer:

KengaRu [80]2 years ago

5 0

5555555 explanation for what you wanna get you know how

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"jerrod dean starts the month with a balance on his credit card of $1,000. on the 10th day of the month, he purchases $200 in cl

Basile [38]

The charges would be $10.50 as of the 15th of that current month. Jerrod spent a total of $700. Adjusted Balance Method calculates costs based on the amounts owed/due at the end of the current time period & once any credits or payments have been applied. Multiplying what Jerrod has spent in total & the percentage of interest will give him the balance of interest charges that he can expect to see in addition to the $700 he's spent.
It's also safe to assume the payment on your bill is due on the 16th.

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2 years ago

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Exchange rates are 120 yen per dollar, 0.8 euro per dollar, and 10 pesos per dollar. A bottle of beer in New York costs 6 dollar

vichka [17]

Answer:

Most expensive in Tokyo, Least expensive in Cancun

Explanation:

Given: Exchange rates 1 $= 120 Yen

1$ =0.8 Euro

1$ = 10 pesos

Now, a bottle of beer costs in New York = 6$

in Tokyo = 1200 Yen i.e $\frac{1200}{120}$ = 10$

in Munich = 7.2 Euro i.e $\frac{7.2}{0.8}$ = $9

in Cancun = 50 pesos = $\frac{50}{10}$ = $5

Thus, it can be seen, the beer is least expensive in Cancun, then in New York, followed by Munich and lastly most expensive in Tokyo.

7 0

1 year ago

A company uses direct labor costs as it allocation base. Management estimates the company will incur $150,000 of direct labor co

kumpel [21]

Answer:

133.33%

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = Total overhead cost ÷ direct labor cost

where,

Total overhead cost is $200,000

And, the direct labor cost is $150,000

Now placing these values to the above formula

So, the predetermined overhead rate is

= $200,000 ÷ $150,000

= 1.33%

We simply applied the above formula

7 0

1 year ago

9) Marshall Corporation has established a target capital structure of 35 percent debt and 65 percent common equity. The current

Snezhnost [94]

Answer:

$\boldsymbol{ Weighted\;average\;cost\;of\;capital (WACC)=5.35\%}$

Explanation:

This acts as more of a discount price for such an estimation of such a fixed present price of a company. It is often used to analyze investments when it is supposed to measure the opportunity price of the company. It is then used by corporations as the obstacle limit.

Let the total cost of equity to be Re = 5% = 0.05.

Let the market value to be E = 65% = 0.65.

Let V to the total market cost that combined debt and equity = 1 .

Let the total price of debt to Rd = 10% = 0.1.

Let the debt to be D = 35% = 0.35.

Let the income tax rate to be Tc = 40% = 0.4.

$WACC=\frac{E}{V}\times Re + \frac{D}{V} \times Rd \times(1-Tc)$

$=\frac{0.65}{1} \times0.05+\frac{0.35}{1} \times0.1\times(1-0.4)=5.35\%$

5 0

1 year ago

Bob got a 30 year Fully Amortizing FRM for $1,500,000 at 4%, except with non-constant payments. For the first 2 years Bob will p

ikadub [295]

Answer:

$1,593,535.83

Explanation:

Future Value of mortgage determines the future value of a mortgage after payments have been made, at a regular frequency, charged a regular rate of interest, compounded at payment dates.

DATA

PV = $1,500,000

N = 24

r = 0.04/12

PMT = $1250

FV =?

Solution

PV = (PMT/r)*[1 – 1/(1 + r)^N] + FV/(1 + r)^N

1,500,000 = (1250/(0.04/12)) * (1 – 1/(1 + 0.04/12)^24) + FV/(1 + 0.04/12)^24

1,500,000 = 28785.31353687 + 0.92323916 FV

FV = (1,500,000 - 28785.31353687)/ 0.92323916

FV = $1,593,535.83

5 0

2 years ago