User Account

All Pages

Calculate the adjusted cash balance per the books on january

Assignment Help Accounting Basics
Reference no: EM132073733

Question - In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:

Cash balance per company books on January 30

$4,725

Deposits in transit at month-end

$1,800

Outstanding checks at month-end

$520

Bank service charges

$25

EFT automatically paid monthly, not yet recorded by Maxi

$380

An NSF check returned on a customer account

$265

The adjusted cash balance per the books on January 31 is:

$5,855

$5,335

$4,055

$4,815

$4,585

Reference no: EM132073733

Questions Cloud

What is the basic premise of the time value of money : The concept of Time Value of Money is at the center of Capital Budgeting Decisions. What is the basic premise of the Time Value of Money
What amount of shipping department costs should be allocated : Ritz Company sells fine collectible statues and has implemented activity-based costing. Costs in the shipping department have been divided into three cost pools
Trade and an unfavorable balance of payment : 1. Can a nation have favorable balances of trade and an unfavorable balance of payment? Why or why not?
Determine what is the ratio after it borrows : It now proposes to issue $190,000 of debt at an interest rate of 10% and use the proceeds to repurchase 19,000 shares at $10 per share.
Calculate the adjusted cash balance per the books on january : In the process of reconciling its bank statement for January, The adjusted cash balance per the books on January 31 is
What is the irr of the project : The machine would save the firm $110,000 per year in operating costs. The firm is planning to keep the machine in place for 5 years.
Describe an integrative model of motivation : Identify the basic process models of motivation and describe an integrative model of motivation.
Motivating and enhancing performances : Discuss the role of alternate work arrangements in motivating and enhancing performances.
Calculate the expected value of return for the line : After market research, the firm has established the expectations shown in the following shown in the following table about the annual rate of return.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd