What is the company ledger balance and available balance

Reference no: EM13261013

On January 25, Coot Company has $380,000 deposited with a local bank. On January 27, the company writes and mails checks of $33,000 and $73,000 to suppliers. At the end of the month, Coot's financial manager deposits a $58,000 check received from a customer in the morning mail and picks up the end-of-month account summary from the bank. The manager notes that only the $33,000 payment of the 27th has cleared the bank. What is the company's ledger balance and available balance with its bank?

Reference no: EM13261013

Questions Cloud

What observations were puzzling at first : What observations were puzzling at first, that challenged your initial hunch of what you thought you would find and what further questions have your observations proposed?

What is the daily interest savings of the system : Sherman's Sherbet currently takes about 10 days to collect and deposit checks from customers. A lock-box system could reduce this time to 6 days. Collections average $35,000 daily. The interest rate is .02% per day.

Calculate the standard deviation of expected returns : Calculate the standard deviation of expected returns, ?X, for Stock X (?Y = 19.83%.) Round your answer to two decimal places.

What is the maturity of the bond : ABC Inc.has a bond outstanding which pays 8% coupon compounding semi-annually. The current market price of the bond is $1,196 and the yield to maturity of the bond is 6%. What is the maturity of the bond.

What is the company ledger balance and available balance : The manager notes that only the $33,000 payment of the 27th has cleared the bank. What is the company's ledger balance and available balance with its bank?

Find what is the impulse response of the system : A causal LTI system has the difference equation y[n]+0.25y[n-1]-0.125y[n-2] = x[n]+x[n-1]. What is the impulse response of this system and what is it's output y[n] for input signal x[n] = (-1)^n u[n].

Explain hydrazine and dinitrogen tetroxide ignite : Hydrazine (N2H4) and dinitrogen tetroxide ignite on contact to form nitrogen gas and water vapor. How many grams of nitrogen gas form when 1.00 X 102 grams of N2H4 and 2.00 X 102 grams of N2O4 are mixed

By how much bradford required return exceed farley return : By how much does Bradford's required return exceed Farley's required return? Round your answer to two decimal places.

Determine input impedance and magnitude of the load voltage : A lossless transmission line with a characteristic impedance of 75 ohms is terminated by a load of 120 ohms. The length of line is 1.25 lamda. If the line is energized by a source of 100 V (rms) with an internal impedance of 50 ohms

User Account

All Pages