Answer:
a. $4,160.
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
The adjusted cash book balance is one that contains the necessary adjustments to transactions captured in the bank statement but yet to be recorded in the books.
The adjusting items are
- Notes receivable and interest collected by bank 850
- Bank charge for check printing 20
- NSF check 170
Hence the adjusted cash balance
= $3500 + $850 - $20 - $170
= $4,160
Answer:
Cash balance= $500
Explanation:
Giving the following information:
Started her business baking dog treats by investing cash of $1,000.
Had revenues of $3,000.
She paid her assistant $1,000 in cash.
The business paid cash dividends of $500.
<u>The cash account is affected by every entrance or exit of money. For example, if a purchase is made on account, the cash balance is not affected.</u>
Cash balance= -1,000 + 3,000 - 1,000 - 500
Cash balance= $500
Answer: B
The marginal propensity to save will remain unchanged in each of the countries.
Explanation:
Marginal propensity to consume (MPC) is the percentage of increase or decrease in income that goes to consumption
Marginal propensity to save (MPS) is the percentage of increase or decrease in income that goes into savings. It can also be expressed as:
1 - MPC
Average propensity to save measures the level of saving at a given level of income.
The marginal propensity to save measures changes in savings relative to changes in income but the income remains unchanged here, the MPS also remains unchanged.
We are asked to evaluate the yield of the whole stock, not just one share. We have that Miranda has paid in total 425*14.15=6013.75$ to acquire the shares (total stock). The yield of an asset is its profit per year over its cost. In this specific case, we have that the yield is 374/6013.75. The result of this calculation is choice a.
Answer:
$1,883.81
Explanation:
To calculate this, we use the formula for calculating the present value (FV) as follows:
PV = FV ÷ (1 + r)^n ……………………………………………. (1)
PV = Present value or the amount to invest in the CD = ?
FV = future value or the amount needed in three years = $2,000
r = interest rate = 2% annually = 2%/4 quarterly = 0.5% or 0.005 quarterly
n = number of period = 3 years = (3 × 4) quarters = 12 quarters
Substituting the values into equation (1), we have:
PV = 2,000 ÷ (1 + 0.005)^12 = 2,000 ÷ 1.0616778118645 = $1,883.81
Therefore, Angela should invest $1,883.81 in the CD.
