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2 years ago

Aruba Company had a checkbook balance on December 31,

Business

1 answer:

g100num [7]2 years ago

3 0

Answer:

$7,440,000
$5,500,000

Explanation:

1. Checkbook balance of $8,000,000 in December 2020.

Check payable to Aruba of $2,000,000 has not yet being deposited so it should be removed from cash balance

Check payable that was returned by the bank of $500,000 should not be included either because it did not clear.

Check drawn on Aruba account of $1,500,000 was recorded but not yet mailed so it should be added back.

Cash on hand - undeposited collections and Change fund are actual cash that should be added as well.

= 8,000,000 - 2,000,000 - 500,000 + 1,500,000 + 400,000 + 40,000

= $‭7,440,000‬

2. Cash equivalents are those instruments that can be easily converted to cash. They typically mature within 3 months.

The Cash equivalents here are Treasury bills and Money Market placements

= 2,500,000 + 3,000,000

= $5,500,000

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On January 1, Year 1, Pacific Corporation acquired 75% of Sand Corporation's 200,000 outstanding common shares for $2,850,000. O

Allisa [31]

Answer:

$112,500

Explanation:

The good will to be reported in the balance sheet of the Pacific Corporation as at December 31 shall be determined using the following mentioned method:

Cost to acquire share of the Pacific Corporation $2,850,000

Less:Net Assets Acquired of Sand Corporation

Sand Net Assets $3,000,000

Excess value of land $200,000

Excess value of equipment $150,000

Fair value of non-compete $300,000

$3,650,000 ($3,650,000)

Add:Net Assets portion of the Non controlling interest $912,500

($3,650,000*25%)

Good will $112,500

3 0

2 years ago

You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose machine. The

marin [14]

Answer:

a. What is the initial investment at t=0?

-$90,000

b. What is the Cash Flow at year 1?

$33,950

c. What is the Cash Flow at year 3?

$40,270

d. What is NPV?

$1,788.50

Explanation:

initial investment $90,000

depreciation per year using straight line depreciation = $90,000 / 3 = $30,000

cash flow year 1 = [($40,000 - $5,000 - $30,000) x 0.79] + $30,000 = $33,950

cash flow year 2 = [($45,000 - $6,000 - $30,000) x 0.79] + $30,000 = $37,110

cash flow year 3 = [($50,000 - $7,000 - $30,000) x 0.79] + $30,000 = $40,270

using an excel spreadsheet I calculated the NPV = $1,788.50

3 0

2 years ago

Schnusenberg Corporation just paid a dividend of D0 = $0.75 per share, and that dividend is expected to grow at a constant rate

valkas [14]

Answer:

$9.74

D0 $0.75

b 1.70

rRF 4.5%

rM 10.5%

g 6.5%

D1 = D0(1 + g) =$0.7988

rS = rRF + b(rM - RRF) =14.7%

P0 = D1/(rS - g)=$9.7

Explanation:

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2 years ago

The IMC channel that has received the greatest increase in aggregate spending recently is ________, or marketing that communicat

wariber [46]

The IMC channel that has received the greatest increase in aggregate spending recently is direct marketing or marketing that communicates directly with target customers to generate a response or transaction.

<u>Explanation: </u>

Direct Marketing is a promotional strategy based on the distribution to potential customers of a marketing strategy.

The Systems of distribution used include mail, online and texting. Direct marketing is named because it removes intermediaries, like publicity media, in particular.

Direct marketing focuses instead of media advertising on delivery to individual consumers. In much direct marketing, the call to action is a common factor. It is easier to quantify than media advertising that direct marketing is successful.

In a number of direct marketing, the call for action is a special element. You are instructed to respond immediately to the request through a free telephone number, a reply card or a reference in the email advertisement. The recipient must also access the letter. A positive measure of a future purchase is any reply. Personal advertising is often linked to as ads for direct responses.

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2 years ago

Johanna Reid, a campaign manager at a child rights organization, recently started working on an illiteracy project. During the p

gayaneshka [121]

Answer:

leading

Explanation:

Leading is one of the critical function of management that determine direction and motivation to the employee for achieve organizational goal. The leader is important in this function to keep employee engaging, motivated and participative in achieve organizational objective. Leaders should lead by example to influence others.

In the given case, Johannna Reid as a leader is trying to motivate and showing direction to achieve targets of project.

5 0

1 year ago