Sunland company had checks outstanding totaling $9700 on its june bank reconciliation. in july, sunland company issued checks totaling $77900. the july bank statement shows that $76900 in checks cleared the bank in july. a check from one of sunland company's customers in the amount of $980 was also returned marked "nsf." the amount of outstanding checks on sunland company's july bank reconciliation should be:

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%