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Louis Nicosia operates four 7-11 stores. He has just received the monthly bank statement at October 31 from City National Bank, and the statement shows an ending balance of $3,840. Listed on the statement are an EFT rent collection of $400, a service charge of $12, two NSF checks totaling $74, and a $9 charge for printed checks. In reviewing his cash records, Nicosia identifies outstanding checks totaling $467 and an October 31 deposit in transit of $1,788. During October, he recorded a $290 check for the salary of a part-time employee by debiting Salary Expense and crediting Cash for $29. Nicosia's Cash account shows an October 31 cash balance of $5,117. Prepare the bank reconciliation at October 31.
Calculate the simple interest on a $9,212 investment made for five years at an interest rate of 6.5 percent per year.
Firm x has net income of $2,000,000 and it has $1,000,000 share of common stock outstanding. The Firm's stock currently trades at $32 per share.
Suppose if you were the CFO of a company that had to decide on hundreds of potential projects per year, would you wish to use sensitivity analysis and scenario analysis as explained in the chapter,
Rodeo Supply Corporation is considering to increase its sales by 20% next year. The sales increase will need a total additional investment in receivables, inventory, and fixed assets of $750,000.
As a advertiser, when do you think it is right to go against the pricing norms of your company? Would you be comfortable making the case to executives.
A share of stock is currently selling for $31.80. If the anticipated constant growth rate for dividends is 6% and investors are seeking a 16% return, determine the dividend just paid?
(Annualizing a monthly rate) You credit card statement says which you will be charged 1.05% interest a month on unpaid balances. What is the Effective Annual Rate (EAR) being charged?
Supply Chains and Working Capital Management: - Examine the key reasons why a business may not want to hold too much or too little working capital. Provide examples that illustrate the consequences of either situation.
Hanebury Manufacturing Company has preferred stock outstanding with par value of $50. The stock pays a quarterly dividend of $1.25 and has a current price of $71.43. Find out the nominal rate of return on preferred stock?
Firm x has 15 million of sales, two million of inventories, three million of recievables, and 1 million of payables. its cost of goods sold is 80% of sales,
What was your average annual capital gains yield over the past three years on this bond ('07-'10)? Note: just find the capital gains yield, not the "total" yield.
A corporation is attempting to raise $5,000,000 in new equity with a rights offering. The subscription price will be $40 each share. The stock currently sells for $50 each share and there are 250,000 shares were outstanding.
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