Family members may lend you money based on
A)Obligation
B)Your sound business plan
C)Your strength of character
D)Guilt

Answers

Answer 1

Answer:

D)Guilt

Explanation:

Commercial lenders consider the ability to repay, collateral offered, credit score, loan purposes, business plan, among other things before advancing credit to an individual or firm. Lenders have formal requirements to be met for a loan to be issued. As for family, there are no set requirements or criteria for lending amongst members.

Family members may lender based on various reasons. From the list provided, guilt could be a base for lending. A family member may feel bad when they turn down a request from a fellow member. To avoid that guilt feeling, a family member will lend out money to another member.


Related Questions

The cash account of Aguilar Co. showed a ledger balance of $3,969.85 on June 30, 2020. The bank statement as of that date showed a balance of $4,150. Upon comparing the statement with the cash records, the following facts were determined.

1. There were bank service charges for June of $25.
2. A bank memo stated that Bao Dai’s note for $1,200 and interest of $36 had been collected on June 29, and the bank had made a charge of $5.5 on the collection. (No entry had been made on Aguilar’s books when Bao Dai’s note was sent to the bank for collection.)
3. Receipts for June 30 for $3,390 were not deposited until July 2.
4. Checks outstanding on June 30 totaled $2,136.05.
5. The bank had charged the Aguilar Co.’s account for a customer’s uncollectible check amounting to $253.2 on June 29.
6. A customer’s check for $90 (as payment on the customer’s Accounts Receivable) had been entered as $60 in the cash receipts journal by Aguilar on June 15.
7. Check no. 742 in the amount of $491 had been entered in the cash journal as $419, and check no. 747 in the amount of $58.2 had been entered as $582. Both checks had been issued to pay for purchases and were payments on Aguilar’s Accounts Payable.

Required:
a. Prepare a bank reconciliation dated June 30, 2020, proceeding to a correct cash balance.
b. Prepare any entries necessary to make the books correct and complete.

Answers

Answer:

a) bank account reconciliation

bank account balance $4,150

+ deposits in transit $3,390

- outstanding checks ($2,136.05)

reconciled account $5,403.95

cash account reconciliation

cash account balance $3,969.85

- bank fees ($25)

+ note collected (including interest) $1,236

- bank fees for collecting note ($5.50)

- NSF check ($253.20)

- error in processing customer's check $30

- error in processing check no. 742 ($72)

+ error in processing check no. 747 $523.80

reconciled account $5,403.95

b) adjusting entries

1. Dr Bank fees expense 25

    Cr Cash 25

2. Dr Cash 1,230.50

Dr Bank fees 5.50

    Cr Notes receivable 1,200

    Cr Interest revenue 36

3. and 4. no adjusting entry required

5. Dr Accounts receivable 253.20

    Cr Cash 253.20

6. Dr Cash 30

    Cr Accounts receivable 30

7. Dr Accounts payable 451.80

    Cr Cash 451.80

Andy uses a card reader to make a purchase at the mall. A few days later, he notices unauthorized charges on his credit card. Which type of fraud has most likely occurred
A. Skimming
B. Account freezing
C. Phishing
D. Hacking

Answers

Based on the given information, the most likely type of fraud that occurred in Andy's situation is C. Phishing.

Phishing is a type of cybercrime where attackers trick individuals into revealing their sensitive information, such as credit card details, passwords, or personal identification, by pretending to be a legitimate entity.

The fact that Andy noticed unauthorized charges on his credit card shortly after using a card reader indicates that his credit card information may have been compromised during the transaction.

Skimming, which involves unauthorized copying of card data, is a possibility, but phishing is more likely in this case as it directly involves obtaining credit card information through deception.

Account freezing and hacking are less likely scenarios in this context. Account freezing refers to the temporary suspension of an account by a financial institution due to suspicious activity, which is not mentioned in the scenario.

Hacking involves unauthorized access to a computer system or network, which is not explicitly indicated as the cause of the unauthorized charges.  Option C

For more such questions on fraud visit:

https://brainly.com/question/31032334

#SPJ8

Answer:

Phishing.

Explanation:

Phân tích điều kiện bản thân với tư cách là người chủ doanh nghiệp

Answers

Answer:

iwan ko load anong subject bayan hahahsha

Which sentence best explains the mistake Maggie made? Her mortgage payments are high, and some months, she earns barely enough to cover the essentials. Because homeowner's insurance was an added expense, she considered taking her chances and not buying it. However, the bank made it clear that this was not an option... When the agent returned on the line, he sounded like a different person. "Ma'am, I'm sorry, but according to our records, you do not have flood insurance protections in your policy. We do offer flood insurance as an add-on to basic homeowner's, but at additional cost." O She failed to properly assess her risk of storm damage. She did not always make her insurance payments on time. O She refused to share the risk of living in an area known for hurricanes. O She should have worked with a different bank to purchase her home.​

Answers

Answer:

She failed to properly assess her risk of storm damage.

Explanation: Edge 2021

Help me ASAP. 50 Points.
How is social and domestic policy created and implemented? How involved should govemment be in solving various problems in our country? That is an enduring issue in the United States. For each of the examples, decide whether the hypothetical problem should be solved by (a) government, (b) government and the private sector acting together, or (c) the private sector (business and/or charity). Give your reasons for each. •A few ships have crashed near a harbor because it lacks a working lighthouse Americans' health is declining due to poor nutrition. Many high school graduates do not have the skills needed to be successful in the workforce . Sometimes, farmers or ranchers lose an entire crop or herd to bad weather. Such a loss can bankrupt a small farm. An alarming number of people have been injured while using chainsaws • Home prices fell sharply in some cities and many homeowners could not afford to pay their mortgages. • Fast-food workers complain that their pay-generally the federal minimum wage-is not enough to support their families • A business cannot market its products effectively because it does not have current information about the demographics of the community

Help me ASAP. 50 Points.How is social and domestic policy created and implemented? How involved should

Answers

Answer:

Explanation:

When the company prepares a bank reconciliation, the outstanding checks are subtracted from the bank statement balance in order to determine the correct or adjusted bank balance. There is no need for the company to write a journal entry, as the checks were recorded in the company's general ledger account when the checks were written.

Answers

In a bank reconciliation the outstanding checks are a deduction from the bank balance (or balance per the bank statement).

How do you define a bank?

Bank, a business that deals with money and its alternatives and offers various services involving money. A bank collects deposits and disburses loans in its capacity as a financial middleman.

What are different types of banks?

A bank is a type of financial institution with permission to accept deposits and issue loans. Banks come in a variety of forms, such as retail, commercial, and investment banks. In the majority of nations, the national government or central bank oversees bank regulation.

To know more about Bank visit:

https://brainly.com/question/14042269

#SPJ4

destion
Which of the following accurately describes the requirements banks must
meet under a fractional reserve banking system?
A. Banks must keep a specific percentage of deposits on hand.
B. Banks must get government approval for all loans.
C. Banks reserve the right to raise interest rates at any time.
D. Banks must pay a specific fraction of their assets in taxes.

Answers

The correct answer is A. Banks must keep a specific percentage of deposits on hand.

Option A accurately describes the requirements banks must meet under a fractional reserve banking system. In such a system, banks are required to maintain a fraction or percentage of their customers' deposits as reserves. The reserve requirement is typically set by the central bank or regulatory authorities. The purpose of this requirement is to ensure that banks have enough liquidity to meet the demands of depositors who may wish to withdraw their funds. By keeping a fraction of deposits as reserves, banks can lend out the remaining portion to borrowers and earn interest on those loans, effectively creating new money in the economy through the process of credit creation. Option A correctly reflects the requirement for banks to maintain a specific percentage of deposits on hand in a fractional reserve banking system.

for more questions on Banks
https://brainly.com/question/30890262
#SPJ11

1. Complete the following financial statements of Omega Company on the basis of the ratios given below.
omega company Income Statement for the year ended June 30 2001

Sales 2000000
Cost of Goods sold 600000
Gross profit 1400000
Operating Expenses. 1190000
Earning Before Interest and Tax. ? Debenture Interest. 10000
Income Tax. ?
Net Profit ?
Omega Company Income Statement For the year ended June 30 2001
Assets liabilities
Cash ? sundry creditors 60000
Stocks ? 10% debentures ?Debiors. ? Total liabilities. ?
total Current Assets ? reserve and surplus ?
Fixed Assets. ? share capital ?
Total Assets total liability and equity ?Additional Information
A. Net Profit to Sale Times 5%
B. Current Ratio. 1.5
C.Return on Net Worth 20%
D. Inventory Turnover 15
E Share Capital to Reserve 4:1
F. Tax Rate 50%​

Answers

To complete the financial statements of Omega Company for the year ended June 30, 2001, we can use the provided ratios and additional information.

A. Net Profit to Sales Ratio = 5%

Net Profit = Net Profit to Sales Ratio * Sales

Net Profit = 0.05 * $2,000,000 = $100,000

B. Current Ratio = 1.5

Current Assets = Current Ratio * Total Liabilities

Total Liabilities = $60,000 (sundry creditors)

Current Assets = 1.5 * $60,000 = $90,000

C. Return on Net Worth = 20%

Net Worth = Net Profit / Return on Net Worth

Net Worth = $100,000 / 0.2 = $500,000

D. Inventory Turnover = 15

Cost of Goods Sold = Sales / Inventory Turnover

Cost of Goods Sold = $2,000,000 / 15 = $133,333

E. Share Capital to Reserve Ratio = 4:1

Share Capital = (4 / 5) * Reserve and Surplus

Share Capital = (4 / 5) * Net Worth = (4 / 5) * $500,000 = $400,000

Reserve and Surplus = $500,000 - $400,000 = $100,000

F. Tax Rate = 50%

Income Tax = Tax Rate * Net Profit

Income Tax = 0.5 * $100,000 = $50,000

Now we can complete the financial statements:

Omega Company Income Statement for the year ended June 30, 2001:

Sales: $2,000,000

Cost of Goods Sold: $600,000

Gross Profit: $1,400,000

Operating Expenses: $1,190,000

Earnings Before Interest and Tax: $210,000 (Gross Profit - Operating Expenses)

Debenture Interest: $10,000

Income Tax: $50,000

Net Profit: $100,000 (Earnings Before Interest and Tax - Debenture Interest - Income Tax)

Omega Company Balance Sheet as of June 30, 2001:

Assets:

Cash: To be determined

Stocks: To be determined

Debtors: To be determined

Fixed Assets: To be determined

Total Assets: To be determined

Liabilities:

Sundry Creditors: $60,000

10% Debentures: To be determined

Total Liabilities: To be determined

Equity:

Share Capital: $400,000

Reserve and Surplus: $100,000

Total Liability and Equity: To be determined

Please note that the values for Cash, Stocks, Debtors, Fixed Assets, 10% Debentures, Total Assets, Total Liabilities, and Total Liability and Equity need to be provided in order to complete the financial statements accurately.

For more such questions on financial statements

https://brainly.com/question/26240841

#SPJ8

Explain all the reasons why a decrease in the price of a product would lead to an increase in purchases of the product?

Answers

Since it is cheaper many people would want to buy this product and it would make the company more money and more sails

When a string of hurricanes hit Florida,
preparation for and cleanup from the storms increased demand for plywood. Yet prices rose only
slightly, partly because large chains shipped plywood
from stores around the country in anticipation of the
increased demand. How does this story illustrate the
law of supply and elasticity of supply?

Answers

The story about the hurricanes and the demand and supply for plywood illustrate the law of supply and demand by showing that if supply and demand remain stable, prices will not change.

How are the law of supply and demand illustrated?

Both the laws of supply and demand explain that if supply changes by a higher margin than demand, prices will decrease. If the demand on the other hand, is more than supply, prices will increase.

In the above scenario, the supply of plywood changed by about the same rate as the demand. None of them change by more than the other, so prices remained stable.

Find out more on the law of supply and demand at https://brainly.com/question/1222851.

A political scientist surveys 31 of the current 131 representatives in a state's congress. what is the size of the sample?
what is the size of the population?

Answers

Answer:

the sample is 31

Explanation:

the population is 31+131=162

The Saunders Investment Bank has the following financing outstanding.

Debt: 60,000 bonds with a coupon rate of 5.1 percent and a current price quote of 106.1; the bonds have 15 years to maturity and a par value of $1,000. 18,900 zero coupon bonds with a price quote of 21.6, 27 years until maturity, and a par value of $10,000. Both bonds have semiannual compounding.

Preferred stock: 155,000 shares of 2.9 percent preferred stock with a current price of $84 and a par value of $100.
Common stock: 2,300,000 shares of common stock; the current price is $92 and the beta of the stock is 1.20.
Market: The corporate tax rate is 25 percent, the market risk premium is 6.9 percent, and the risk-free rate is 3.5 percent.

Required:
What is the WACC for the company?

Answers

Answer:

11,73 %

Explanation:

WACC = Ke × (E/V) + Kd × (D/V) + Kp × (E/V)

Ke = Cost of Equity

     = Return on Risk Free Security + Beta × Risk Premium

     = 3.5 % + 1.20 × 6.9 %

     = 11.78 %

E/V = Weight of Equity

      = (2,300,000 × $92) ÷ (2,300,000 × $92 + 60,000 × $106.10 + 18,900 × $21.60 + 155,000 × $84)

      = 0.91

Kd = Cost of Debt

Debt : 60,000 bonds

Pv = ($106.10)

Pmt = (5.10% × $1,000) ÷ 2 = $25.50

n = 15 × 2 = 30

Fv = $1,000

P/yr = 2

i = ?

Pre-tax cost = 48.66 %

After tax cost = 0.75 × 48.66 %

                      = 36.50%

DV = Weight of Debt

     = (60,000 × $106.10) ÷ (2,300,000 × $92 + 60,000 × $106.10 + 18,900 × $21.60 + 155,000 × $84)

     = 0.03

Debt : 18,900 zero coupon bonds

Pv = ($21.60)

Pmt = $0

n = 27 × 2 = 54

Fv = $10,000

P/yr = 2

i = ?

Pre-tax cost = 24,07 %

After tax cost = 0.75 × 24,07 %

                       = 18.05%

DV = Weight of Debt

     = (18,900 × $21.60) ÷ (2,300,000 × $92 + 60,000 × $106.10 + 18,900 × $21.60 + 155,000 × $84)

     = 0.002

Kp = Cost of Preference Share

Market Rate = (Return × Par Value) ÷ Current Price

                     = (2.90 % ×  $100) ÷ $84

                     = 0.03 %

P/V = Weight of Preference Shares

      = (155,000 × $84) ÷ (2,300,000 × $92 + 60,000 × $106.10 + 18,900 × $21.60 + 155,000 × $84)

      = 0.06

WACC = 11.78 % × 0.91 + 36.50% × 0.03 + 18.05% × 0.002 + 0.03 % ×  0.06

           = 11,73 %

Which of the following policies should a country implement in an economic downturn to avoid a Paradox of Thrift?
a) Implement policies to encourage saving.
b) Implement policies to encourage greater consumption.
c) Raise taxes to ensure the government stays funded.
d) Reduce overall government spending.

Answers

Answer:

B)  Implement policies to encourage greater consumption.

Explanation:

The Paradox of thrift says that an increase in autonomous saving leads to a decrease in aggregate demand and thus a decrease in gross output which will, in turn, lower total saving due to that total saving may fall because of individuals' attempts to increase their saving, Therefore, to avoid the paradox of thrift policies to encourage consumption must be implemented.

Suppose that you have found the optimal risky combination using all risky assets available in the economy, and that this optimal risky portfolio has an expected return of 0.2 and standard deviation of 0.2. The T-bill rate is 0.05. If your risk-return preferences are best described by the utility function in this class, with a risk-aversion coefficient of 4.6. What is the expected return on your optimal complete portfolio

Answers

Answer:

d

Explanation:

The following time series data show the number of lightning strikes in a particular county for the most recent seven months.
Month 1 2 3 4 5 6 7
Value 26 15 22 14 21 25 17

The following time series data show the number of lightning strikes in a particular county for the most

Answers

The time series plot of the provided data displays the quantity of lightning strikes in a specific county over a period of seven months. Because its MSE is lower than the MSE using the most recent value, the average of all prior values offers a superior forecast.

It appears to follow a seasonal trend based on the pattern seen in the data. This is evident from the values' variation over time, which exhibits a cycle or recurring pattern.

We must series plot the MSE values to see whether strategy produces the best forecast. The MSE value of the most recent value approach is lower (42.15) than that of the average technique (84.44), indicating a more accurate forecast. Therefore, a better forecast is given by the most recent value.

As a result, the significance of the time series data show the number of lightning strikes in a particular county for the most recent seven months are the aforementioned.

Learn more about on series plot, here:

https://brainly.com/question/25791519

#SPJ1

What is market segmentation in marketing with example?

Answers

Market segmentation, in marketing, is the division of a broad target market into more focused groups based on shared characteristics, tendencies, requirements, or preferences.

Market segmentation in marketing with example.

In marketing, market segmentation refers to the process of breaking up a large target market into more narrowly defined segments based on shared traits, tendencies, needs, or preferences. Identification of various market segments is necessary in order to target them with specialized marketing techniques and messages.

Think about a business that sells athletic shoes. They choose to use market segmentation to find particular segments with varied wants and preferences when it comes to athletic shoes rather of targeting the full market of potential clients.

The corporation can effectively target these niche markets with goods and advertising messages that speak to their particular needs and preferences by using market segmentation. Their chances of succeeding in the market are eventually increased by being able to customize their product offers, pricing, promotional techniques, and distribution networks to each segment.

Learn more on market segmentation here: https://brainly.com/question/5545577

#SPJ1

Which of the following is a major difference between Internet banks and traditional banks? The government does not regulate Internet banks. Traditional banks are prohibited from having ATMs. Internet banks have lower overhead costs. Traditional banks offer less personal care and attention to customers.

Answers

Answer:

Internet Banks have lower overhead costs.

Explanation:

Online Banks and traditional banks are basically the same with the main difference being that Internet Banks have lower overhead costs. These are costs on the income statement usually including accounting fees, advertising, insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities. Since Internet Banks do not need many physical locations they save on many of these overhead fees.

StylesQuestion 12 (Essay Worth 4 points)
(02.04 MC)
Which two investment options would be best if you are 45 years old, just starting to save, and want to retire when you are 65? Consider the kind of investment,
of return, level of risk, and other factors

Answers

Answer:

forex

Explanation:

What role do group dyanmics play in financial decisions? use examples of personal and buisness financial decisions.​

Answers

People who are typically sensible can be influenced by group dynamics to make decisions they would not have made otherwise. When certain members of a group help others overcome preconceptions, the results can be favorable.

What is an example of group dynamics in business financial decisions?

When certain members of a group assist others in overcoming preconceptions, the results are good like Resolve problems quickly,  Develop collaboration, Build communication and Help team leaders to develop.

Thus, group dynamics play an essential role in decision making.

For further details about group dynamics, click here:

https://brainly.com/question/14490371

#SPJ2

Discuss the effect of diversification in the portfolio to the risk return of the investment.

Answers

Diversification reduces the risk of an investment portfolio by spreading investments across different assets and can stabilize returns, leading to a more balanced risk-return profile.

Diversification is an investment strategy aimed at reducing risk by spreading investments across different assets. The theory behind diversification is that by investing in a range of assets, the investor can reduce the risk associated with any single asset.

Diversification can help to mitigate risk and stabilize returns by reducing the impact of market volatility on the portfolio. By investing in assets that are not highly correlated, the portfolio is less likely to be affected by sharp declines in any one asset class. This helps to reduce the risk of the portfolio and create a more stable investment return over the long term.

However, diversification is not a guarantee against loss, and some investments may still suffer losses. It is important to balance the level of diversification in the portfolio with the investment objectives, risk tolerance, and other factors.

Learn more about diversification here:

https://brainly.com/question/13793315

#SPJ1

Roger Hillcrest owns 100 shares of $10 par, 5% noncumulative preferred stock. During the current year, there are no dividends
declared or paid. If there is a large cash dividend paid in the following year, Roger would be entitled to up to for the previous year before common shareholders are paid.

Answers

If there is a large cash dividend paid in the following year, Roger Hillcrest, who owns 100 shares of $10 par, 5% noncumulative preferred stock, would be entitled to $0 up to for the previous year before common shareholders are paid.

What is a noncumulative preferred stock?

A noncumulative preferred stock is a class of preferred stock that does not accumulate undeclared dividends for previous periods.

The implication is that the preferred stockholder is not entitled to any previous dividend when it was not declared, despite that it is a fixed dividend investment.

Thus, for the previous years when dividends were not declared or paid, Roger Hillcrest is not entitled to any cumulative dividends, but can only receive $50 (100 x $10 x 5%) for the current year.

Learn more about noncumulative preferred stock at https://brainly.com/question/15858679

Question 3 (1 point)
Betty has a degree in wildlife conservation. She is passionate about preserving
habitats for endangered animals. What kind of company might want to hire Betty?
a farm in need of a dairy manager
a bald eagle sanctuary looking for a ranger
a pesticide company in need of a marketing person
a local food truck looking for a chef

Answers

Betty's degree in wildlife conservation and passion for preserving habitats for endangered animals make her a great fit for companies and organizations that focus on environmental conservation. A farm in need of a dairy manager or a local food truck looking for a chef may not necessarily be the best fit for Betty's skill set and interests. hence the correct option B) bald eagle sanctuary looking for a ranger.
Betty's degree in wildlife conservation makes her highly qualified for roles that involve working with endangered species, researching wildlife populations, and identifying solutions to protect and conserve habitats. As such, organizations that work to protect and preserve habitats for wildlife, including national parks and conservation areas, environmental advocacy groups, and research institutions, may be interested in hiring Betty. Additionally, companies that specialize in sustainable agriculture or eco-friendly practices may also be interested in hiring Betty, given her expertise in wildlife conservation. Overall, Betty's degree in wildlife conservation and passion for preserving habitats for endangered animals make her a great fit for companies and organizations that prioritize environmental conservation. Her knowledge, skills, and passion make her an asset to any organization that is working towards protecting the environment and preserving habitats for future generations. Therefore the correct answer is option B) bald eagle sanctuary looking for a ranger

for more such questions on  conservation

https://brainly.com/question/983587

#SPJ11

PLEASE HELP! URGENT!

What is the maturity date of a 186-day note dated July 22ND ?

Answers

Answer:

November 24, 2008

Explanation:

if this is helpful... give me brainliest (pls) when possible

Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.

The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000

Common Stock
(dividends per share)

I cannot figure out Y1 or Y3

Answers

The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.

To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.

Given information:

Cumulative preferred stock: 15,000 shares, 1% dividend

Common stock: 50,000 shares, $30 par value

Dividends distributed:

Y1: $30,000

Y2: $12,000

Y3: $45,000

First, let's calculate the dividends per share for the cumulative preferred stock in each year.

Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares

Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares

Dividends per share for cumulative preferred stock = $1 / 15,000

Dividends per share for cumulative preferred stock = $0.000067 per share

Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).

For Y1:

Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)

Total dividends for common stock = $30,000 - ($0.000067 * 15,000)

Total dividends for common stock = $30,000 - $1.005

Total dividends for common stock = $29,998.995

Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares

Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares

Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)

For Y3:

Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)

Total dividends for common stock = $45,000 - ($0.000067 * 15,000)

Total dividends for common stock = $45,000 - $1.005

Total dividends for common stock = $44,998.995

Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares

Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares

Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)

For such more question on dividends:

https://brainly.com/question/30360786

#SPJ8

Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows $23,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 2,450 Outstanding checks 1,107 Additionally, a $48 check written and recorded by the company correctly was recorded by the bank as a $84 deduction. The adjusted cash balance per the bank records should be:

Answers

Answer:

The adjusted cash balance per the bank records should be: $24,740.

Explanation:

The correct Cash balance can only be verified using a Bank Reconciliation Statement.

Thus prepare a Bank Reconciliation Statement to extract the updated Cash Book Balance.

Bank Reconciliation Statement

Note : The Bank Statement amount has to be adjusted for an overstatement of $36.

Balance as per updated Cash Book (Balancing figure)     $24,740

Add Unpresented Cheques                                                      $1,107

Less Lodgements not yet credited                                        ($2,450)

Balance as per Bank Statement ($23,361 + $36)                 $23,397

Conclusion :

The adjusted cash balance per the bank records should be: $24,740.

Vanya inc. charter authorizes 1000 shares of stock at a stated value of $1 per share. Vanya sells 50 shares of stock at its initial offering for $10 [er share. The journal entry to record this transaction?

Answers

Credit for Paid-In Capital, in Surplus of Stated Worth for $450, $50 toward Common Stock, and $500 toward Cash.

Why do you use the term "Common Stock"?

A form of business equity and a kind of security is common stock. Within the borders of the United States, the words vote share and common share are widely used. In the UK as well as other Commonwealth nations, they are referred to as share capital or ordinary shares. A investor holds 1% of the company if they hold shares of a company of the ordinary stock. This investor will receive $100 (1,000 units X $0.10) in dividends if the company declares a $0.10 per share dividend.

To know more about Common Stock visit:

https://brainly.com/question/13762106

#SPJ1

You call a coworker to see if they can come help you solve a problem

Answers

yes/true/correct/not false

Your company, CSUS Inc., is considering a new project whose data are shown below. The required equipment has a 3-year tax life. Under the new law, the equipment used in the project is eligible for 100% bonus depreciation, so the equipment will be fully depreciated at t = 0. The equipment has no salvage value at the end of the project’s life, and the project does not require any additional operating working capital. Revenues and operating costs are expected to be constant over the project's 10-year expected operating life. What is the project's Year 4 cash flow?

Answers

The project's Year 4 cash flow, CF, is just the same as the Year 3 cash flow, CF.

What is the project's Year 4 cash flow?

The project's estimated working life is 10 years, during which time income and operating expenses are anticipated to remain stable. We are unable to compute the precise quantities of income and costs because we are not provided with this information. Instead, we'll presump that the project will produce a steady annual cash flow (CF) for the course of its ten-year lifespan. We do not need to account for any depreciation costs for the project because the equipment is depreciated at time zero. The yearly cash flow generated by the endeavor, which we'll assume is CF, will be equal to the cash intake in Year 4 of the project. All operating expenses related to the project in that year, in addition to any taxes that must be paid, will be included in the cash outflow in Year 4. We are unable to compute the particular operational costs or tax rates because we are not given this information. Instead, we'll assume that the project's constant yearly cash flow includes the operational expenses and taxes.

To Know more about Cash Flow Visit:

brainly.com/question/29768594

#SPJ1

Anna's gidgit arrived by mail in a box the day of her birthday. She was so excited that she opened up the box the minute the gidgit arrived. To Anna's dismay, the gidgit inside was crushed and she began to cry. Anna is so upset about her damaged gidgit that she wants to sue Gidgits Galore. Selgy reminds her that she might want to first consider sending a letter to Gidgits Galore describing the condition in which she received her birthday present, return the damaged gidgit and request a new one. Anna thinks filing a complaint against Gidgits Galore is her best course of action.

False
True

Answers

Answer:

Explanation:

In my opinion the answer should be true

Based on the given description, Anna thinks filing a complaint against Gidgits Galore is her best course of action. The statement is true.

What is a Context clue?

Any kind of hint or idea reflected from the statements which help the reader to understand the clear context in which the word is used refers to context clues. This clue helps the reader to determine the appropriate meaning.

In the given case, it is explained that  On the day of Anna's birthday, a box containing her gift arrived in the mail. She ripped open the box as soon as the gadget arrived because she was so excited.

Selgy advises her that before doing anything, she might want to think about writing Gidgits Galore and explaining the situation so that she can able to deal with the problem effectively and get the desired solution.

Learn more about context clues, here:

https://brainly.com/question/20263792

#SPJ3

According to the text, ethical behavior begins with

Answers

Answer: When discussing moral and ethical issues, it is helpful to remember that ethical behavior begins with: each of us. What is one factor causing businesses to vigorously enforce ethical standards? One factor causing businesses to vigorously enforce ethical standards is the: fear of negative publicity.

Explanation:

Other Questions
Of the 50 U.S states 4 have names that start with the letter W what percentage of the U.S have names that start with the letter W Yesterday, the temperature in a city dropped from 9C to 9C, as shown below.The expression 9 + (18) represents the final temperature. Which of the following is an equivalent way to describe this temperature?|18| degrees in a negative direction from 9 degrees|18| degrees in a positive direction from 9 degrees|9| degrees in a negative direction from 9 degrees|9| degrees in a positive direction from 9 degrees Do you have glasses? President Washington was selected by the constitutional convention. Who was the first elected president of the United States? whether amplification of a signal could occur at the particular steps described below. Explain your answers. A. An extracellular signaling molecule binds and activates a GPCR. B. Adenylyl cyclase produces cyclic AMP. C. Protein kinase A phosphorylates target proteins. Suppose that the coupon rate for a TIPS is 4%. Suppose further that an investor purchases $50,000 of par value initial principal) of this issue today. (1) What is the dollar coupon interest that will be paid in cash at the end of the first six months if the current rate of inflation is 3.25%? (2) What is the dollar coupon interest that will be paid in cash at the end of the first year if the rate of inflation increases to 3.75% six month later? find an expression that represents the difference when (3x+6y)(3x+6y) is subtracted from (4x+9y)(4x+9y) in simplest terms. what would the answer be which sentence is written in nonstandard english? responses i would like one of those candy bars. i would like one of those candy bars. the students did very well on their tests. the students did very well on their tests. we was just about to go catch the bus. we was just about to go catch the bus. i did not have enough money for ice cream. numerical simulation of microwave ablation incorporating tissue contraction based on thermal dose liu and brace 2017 A person holding a GDL license must take training classes if this happens? How did the building of the pyramids lead to advances in science and mathematics? can you calculate the number of moles in 170 grams of methane (CH4) it looks like alot but its really not thanks for the help!(1) Rachel Carson was an American author and biologist in the 1950s. (2) Carson's research and her books were extremely influential on the American people. (3) She wrote a book called Silent Spring. (4) This book has been credited with beginning the conservation movement. (5) It made many people aware of the problems caused by pesticides. (6) After this book, the environmental movement began, leading to the creation of the U.S. Environmental Protection Agency. Which of the sentences above BEST adds sentence variety to the paragraph? Which of the following is true of ligand gated sodium ion channels neurons?a) Open in response to chemical messenger and depolarize the membraneb) Open in response to chemical messenger and hyperpolarize the membranec) Open in response to a change in voltage and depolarize the membraned) can be open by any of the abovee) Cannot be opened by any of the above During the prophase stage, loosely arranged stands of chromosomes become coiled, shortened and distinct.True or False? Tasha is packing gift bags that include the same items. she has 72 glow sticks, 36 markers, and 24 bottles of bubbles. Tasha believes that she can pack no more than 6 bags using all of her supplies. A card is selected from an ordinary deck. What is the probability of getting king or a queen? Which graph shows the solution to the system of linear equations?y = 4xy = x 1 A patient is requesting that a copy of his medical Information be sent to a specialty practice. Explain what is needed for the release of medical records?The patient can make a verbal request for a copy of the records.The patient can make a verbal request to the business who stores the medical records offsite.The patient can authorize HIPAA to release the medical records.The patient needs to state in writing that the medical records can be released. Writing a Personal Narrative that Expresses Your IdentityGIVE ME IDEAS PLEASE or how i should start it