Business, 09.09.2020 18:01 mcclendoncassandra
Prepare a bank reconciliation: Rainbow Industries gathered the following information prior to reconciling their cash balance per books (internal accounting records) to the recently received bank statement for the month ending August 30, 2018: Cash per balance per books, 8/30 $ 7,075 Deposits in transit $1,000 NSF check $ 420 Bank services charges $ 30 Outstanding checks $5,500 Notes Receivable collected by the $ 600 bank Cash balance per bank, 8/30 $ 11,725 Perform the bank reconciliation. The ADJUSTED CASH BALANCE PER BANK as of August 30, 2018 would be:.
A) $12,175
B) $2,875
C) $10,175
D) $7,225
Answers: 3
Business, 21.06.2019 16:30
Calculate the required rate of return for an asset that has a beta of 1.73, given a risk-free rate of 5.3% and a market return of 9.9%. b. if investors have become more risk-averse due to recent geopolitical events, and the market return rises to 12.7%, what is the required rate of return for the same asset?
Answers: 2
Business, 21.06.2019 20:00
Which financial component is a mandatory deduction from your gross pay? a. sales tax b. social security tax c. health insurance d. disaster relief fund (drf) e. voluntary deduction
Answers: 1
Business, 22.06.2019 06:20
About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.
Answers: 1
Business, 22.06.2019 10:40
Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?
Answers: 1
Prepare a bank reconciliation: Rainbow Industries gathered the following information prior to reconc...
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