answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
irinina [24]
2 years ago
6

Bess wrote four checks last month, and these were the only transactions for her checking account. According to her check registe

r, her balance is $869.96, but the bank statement she just received says her balance is $1054.13. If the four checks were for $175.17, $175.35, $184.17, and $184.35, the check for which amount has not yet cleared?
A. $175.35
B. $184.17
C. $175.17
D. $184.35
Business
1 answer:
Rzqust [24]2 years ago
5 0
It looks tricky but its actually simple. Bank statement shows balance is $1054.13 while Bess check register shows $869.96. For us to know the amount of the check that was not approved is to get the difference of the bank statement and Bess check register. $1054.13 minus 869.96 is $184.17. Therefore, the answer is letter B.
You might be interested in
Assume that a certain product has the demand function given by
ss7ja [257]
What is the question? sorry I can't help
3 0
2 years ago
You were hired as a consultant to restructure operating capital. The recommended goal is for the firm to have a capital structur
Komok [63]

Answer:

The WACC is 8.66%

Explanation:

The WACC or weighted average cost of capital is the cost to firm of its capital structure which can have 3 components namely debt, preferred stock and common stock. We take the weighted average of these components and their respective costs to calculate WACC. Furthermore, we take the after tax cost of debt for WACC calculation and that is why we multiply the cost of debt by (1-tax rate).

WACC = wD * rD * (1-tax rate)  +  wP * rP  +  wE * rE

WACC = 0.33  *  0.065  *  (1-0.28)  +  0.08 * 0.06  +  0.59 * 0.1125

WACC = 0.086619 or 8.86619% rounded off to 8.66%

3 0
2 years ago
The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is
allsm [11]

Complete question:

The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is 8. What set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium

a. $8 and $12

b. $6 and $4

c. $16 and $9

d. $4 and $6

Answer:

$6 and $4  set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.

Explanation:

Given,

The marginal utility of the last unit of apples consumed = 12

The marginal utility of the last unit of bananas consumed = 8

Now ,

To find :

The market level for apples and bananas, respectively, will be compatible with the consumer's equilibrium:

= \frac{12}{3} = $6

= \frac{8}{2} = $4

$6 and $4  set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.

6 0
1 year ago
Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement of cash flo
agasfer [191]

Answer:

See below

Explanation:

Statement of cash flow for ATM SOFTWARE

• The figures seems to be in thousands already.

Cash flow from operating activities

Net income

$11,800

Increase in Account receivable

($4,030)

Decrease in Account payable

($1,730)

Depreciation expense

$5,435

Decrease in inventory

$1,445

Decrease in prepaid rent

$875

Net cash flow from operating activities

$13,795

Cash flow from investing activities

Sale of land

$8,590

Purchase of equipment

($39,715 )

Net cash flow from financing activities

($31,125)

Cash flow from financing activities

Issuance of stock

$12,925

Long term note payable

$16,345

Purchase of treasury stock

($2,585 )

Payments of dividends

($6,310)

Net cash flow from financing activities

$20,375

Net increase in cash

$1,725

Cash at the beginning

$8,215

Cash at the end

$9,940

5 0
1 year ago
Two mutually exclusive projects have 3-year lives and a required rate of return of 10.5 percent. Project A costs $75,000 and has
Norma-Jean [14]

Answer:

Both projects should be rejected

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator:

For project A,

Cash flow in year zero = $75,000

Cash flow in year one = $18,500

Cash flow in year two = $42,900

Cash flow in year three = $28,600

IRR = 9.12%

For project B,

Cash flow in year zero = $-72,000

Cash flow in year one = $22,000

Cash flow in year two = $38,000

Cash flow in year three = $26,500

IRR = 9.48%

The decision rule on if to invest or not is if IRR > r

For both investments IRR is less than rate of return

9.12% < 10.50%

9.48% < 10.50%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button, and the compute button.

I hope my answer helps you

8 0
2 years ago
Other questions:
  • Delvin Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
    7·1 answer
  • Common unsponsored domain name extensions include:<br> .com<br> .org<br> jobs<br> .mobi
    13·1 answer
  • St. Augustine Corporation originally budgeted for $360,000 of fixed overhead at 100% of normal production capacity. Production w
    9·1 answer
  • Employees who have difficulty performing efficiently on the job often have poor _____ skills, are confused about their prioritie
    7·1 answer
  • A(n) _______ can track where the user goes on the Internet and measure how long the user stays at any particular website. This t
    13·1 answer
  • Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,730,000. There is a 3% commis
    13·1 answer
  • Luis has $170,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis
    5·1 answer
  • Because orders in organizational buying are typically much larger than in consumer buying, buyers must often __________ when the
    13·1 answer
  • _____________ is a short-term debt security sold by a business firm or financial institution to another business or institution
    10·1 answer
  • Germany did not allow Walmart to sell some items below cost, an example of how a foreign government can constrain _________, whi
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!