User Account

All Pages

What balance should marin report

Assignment Help Accounting Basics
Reference no: EM131560960

A new accountant at Marin Inc. is trying to identify which of the amounts shown below should be reported as the current asset "Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2017.

1. $98 of currency and coin in a locked box used for incidental cash transactions.

2. A $12, 500 U.S. Treasury bill, due May 31, 2017

3. $370 of April-dated checks that Marin has received from customers but not yet deposited.

4. An $98 check received from a customer in payment of its April account, but postdated to May 1.

5. $3, 760 in the company's checking account.

6. $6, 350 in its savings account.

7. $70 of prepaid postage in its postage meter.

8. A $38 IOU from the company receptionist.

What balance should Marin report as it "Cash and cash equivalents" balance at April 30, 2017?

Reference no: EM131560960

Questions Cloud

The costs and benefits of free trade : Despite the adverse affects of imports on some industries and workers; do the benefits to all out way the costs to some?
Ten principles of economics teaches regarding : Prepare an 875-word research paper as part of a marketing research committee for your organization about current microeconomic thought and theory.
Search national and international media outlets : Search national and international media outlets find an article related to marketing, business or concepts learned in the course prepare a written summary .
Sales using regression to estimate trend : What would be the forecast for next year’s sales using regression to estimate a trend?
What balance should marin report : A new accountant at Marin Inc. is trying to identify which of the amounts shown below should be reported as the current asset "Cash and cash equivalents"
What standard is being used to determine effectiveness : Review one of the above Websites and write a two-three page paper on its effectiveness as a marketing tool.
Convinced that apple stock will move down : You are convinced that Apple's stock will move down, but by no more than 10% over the next 3 months.
What are arguments in favor of a total ban on cigarette-ads : What are some arguments in favor of a total ban on cigarette advertising? What are arguments in opposition? Do you favor or oppose such a ban?
Record index of environmental quality that measured progress : Environment of forests following the lead of the national wildlife federation, the department of the interior of a south american country began to record.

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