On september 30, the bank statement of fine company showed a balance of $8,900. the following information was revealed by comparing the bank statement to the cash balance in fine's accounting records: (1) deposits in transit amounted to $3,750 (2) outstanding checks amounted to $7,120 (3) a $610 check was incorrectly drawn on fine's account (4) nsf checks returned by the bank were $890 (5) bank service charge was $33 (6) credit memo for $105 for the collection of one of the company's account receivable based on the above information, the true cash balance was:

Rate of return douglas keel, a financial analyst for orange industries, wishes to estimate the rate of return for two similar-risk investments, x and y. douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. a year earlier, investment x had a market value of $27 comma 000; and investment y had a market value of $46 comma 000. during the year, investment x generated cash flow of $2 comma 025 and investment y generated cash flow of $ 6 comma 770. the current market values of investments x and y are $28 comma 582 and $46 comma 000, respectively. a. calculate the expected rate of return on investments x and y using the most recent year's data. b. assuming that the two investments are equally risky, which one should douglas recommend? why?