National Co. would like to maintain its cash account at a minimum level of P25,000, but expect the standard deviation in net daily cash flows to be P2,000; the effective annual rate on marketable securities to be 7.5% per year, and the trading cost per sale or purchase of marketable securities to be P200 per transaction. What will be their optimal cash return point?
Q: Chuzzle Company used the direct method to prepare the statement of cash flows. The entity had the fo...
A: Cash flow statement have three type of activity. Cash flow from operating activities,cash flow from ...
Q: Fair value is determined as: Select one: a. The current entry price. b. The current exit price. c. A...
A: Fair value is a broad measure of an asset's worth and is not the same as market value, which refers ...
Q: HELL'S KITCHEN Company has the following accounts information for the year ended December 31, 2021. ...
A: Total Assets: Total assets are a depiction of the value of everything a person has after taking into...
Q: Units in beginning inventory 0 Units produced 200 Units sold 180 Units in ending inventory 2...
A: Solution 1: Fixed manufacturing overhead cost is included in the company's inventory at the end of l...
Q: Chuzzle Company used the direct method to prepare the statement of cash flows. The entity had the fo...
A: Calculation of Net Cash provided by Investing Activities Net Cash provided by Investing Activities =...
Q: At the beginning of 2024, Norton Academy reported a balance in common stock of $168,000 and a balanc...
A: Common Stock : Ending balance = Beginning balance + Issuance of common stock Retained earnings : End...
Q: Required: 1. Calculate the ending balances that would be reported on the company's balance sheet on ...
A: Net Income 1110 Ending Balance, 31 Dec 155210 1500 25000 36600 0 1250 60400 = 61450 218510
Q: Your firm has overproduced a vehicle with a unit cost of $19,000. If inventory increased by 50,000 u...
A: Introduction:- The term inventory encompasses both the raw materials used in production and the fina...
Q: che Board of acc onisod Composition Nomination an Term (in years Qualification o Powers and fur
A: Accounting refers to the concept of gathering and organizing and documenting all the data of a compa...
Q: What amount should be reported as total current assets at December 31, 2021? a. 17,000,000 b. 17,50...
A: Solution Concept Current asset are the assets which are expected to be realized within a period of ...
Q: On July 1, 2022, Sunland Co. pays $20,400 to Cheyenre Insurance Co. for a 4-year insurance contract....
A: Posting the journal entries is the process of recording the journal entries in the respective ledger...
Q: Which of the following transactions is correctly matched with its location on the statement of cash ...
A: Cash flow statement provided information about the cash inflows and cash outflows of the company. Ca...
Q: A/P R/E $253 Cash RM WIP FG МОН PP&E Beg $39 $89 $14 $19 $120 $28 a. b. с. d. е. f. g. h. i. j. k. E...
A: Calculation of actual overhead Salary and wages (70% x 50) 35 Depreciation on PP&E (90% ...
Q: Which of the following statements is false?
A: Depreciation is a cost charged over the fixed assets for over a period of time. Fixed Assets are the...
Q: Particulars Particulars 6,000 Sundry creditors Bills receivable 25,000 Bills payable 4,000 Stock 45,...
A: Statement of affairs which was prepared by the entity contains the total assets and liabilities incl...
Q: Problem 11-1 An office building has three floors of rentable space with a single tenant on each floo...
A: note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...
Q: Computer Equipment Accounts Payable Repairs Expense, Computer Charitable Donations Expense 167 684 2...
A: Financial statements (FS) are those statements which are prepared by the companies during the end of...
Q: Healesville Sanctuary is a family-owned and operated wildlife park located in Melbourne. Healesville...
A: Auditing refers to independent examination or inspection of financial and non-financial aspects of a...
Q: Format: 111,111 National Co. has the following balance sheet as of December 31, 2022. P 100,000 100,...
A: Forecast in Additional Fund Needed (AFN) Forecast of Additional Fund Needed in the financial stateme...
Q: SHADOW BONE Company reported net income of P7,500,000 for the current year: The auditor raised quest...
A: Adjusted net income for the current year = Reported net income for the year + Debit adjustment of pr...
Q: List and discuss at least four types of fraudulent practices or methods companies use in misstatin...
A: Financial statements that describe a company's operations and financial performance. Financial dat...
Q: hat amount should be reported as unappropriated retained earnings at year-end?
A: Solution Concept Reacquisition of share to be held as treasury does not affect the retained earnings...
Q: Compton Information Services, Inc., has two service departments: human resources and billing. Compto...
A: Answer - Step Method of Cost Allocation - This method an approach used to allocate the cost of...
Q: *A KSU graduate plans to start a consulting firm now by borrowing $75,000 at a compound interest rat...
A: Solution Given Loan amount $75000 Interest rate 5% Number of year 10 years We ...
Q: The following is governed by an income tax rate of 25% . Depreciation rate is determined using MACRS...
A: Introduction:- For 60,000 dollars, a machine is purchased. It's a five-year property course. It will...
Q: Calculate Applesoft's Gross Profit Margin for the year ended December 31. Round to the
A: Gross Profit Gross profit is the profit a business makes after subtracting all the costs that are di...
Q: Tripeaks Company used the accrual basis of accounting: December 31 January 1 8,000,000 100,000 7,500...
A: Accrual basis: Under accrual basis accounting, revenue and expenses are recognized when they are inc...
Q: Oscar Wylee Women Glass Ltd is a supplier of fashion women sunglasses. The audit report for the year...
A: Solution Audit is an evaluation or examination of something by a person or group of person.
Q: The following data are available for the Valentine Corporation for a recent month: Product A Product...
A: Answer) Calculation of Weighted Average Contribution Margin Ratio Product A Product B Pr...
Q: The ABC Company started its operations during the 20th century. Many years later, the balance sheet ...
A: note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new ques...
Q: hat amount should be reported as cost of goods sold for the current
A: Solution Concept Cost of goods sold It is the cost that is incurred in the productio...
Q: 31. In an operating lease, the lessor records Select one or more: a) Lease revenue only b) Depreciat...
A: In operating lease, only the right to use assets is transferred to the lessee and the ownership of t...
Q: Which statement is true? A. Meyer Sefton was the first forensic accountant. B. Forensic ac...
A: Forensic accounting is the accounting which is used in the matters of fraudulent financial reporting...
Q: Share premium Accounts payable Preference share capital, at par Ordinary share capital, at par Sales...
A: SOlution: Stockholders' Equity is the amount of assets remained for Stockholders after all liabiliti...
Q: Edguy Company was organized on January 1, 2019. On that date, it issued 200,000 ordinary shares of P...
A: The shareholders' equity is calculated as sum of the issued and outstanding share capital, retained ...
Q: A. Find the firm's breakeven output. B. If it wishes to have a monthly net income before taxes of $2...
A: a) Firm’s break-even point = Fixed cost / Contribution per unit Variable cost per unit = (130,000 + ...
Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share ca...
A: The retained earnings are the accumulated net earnings of the business kept for the shareholders. Th...
Q: edit Income Summary $201,000. 400; credit Retained earnings $80,400.
A: Closing Entries are recorded at the end of the year to close temporary accounts that is bring the ba...
Q: balance in the Retained earnings
A: Retained earning is the sum of holding in a company that have left after paying all direct and indir...
Q: Shoosta Ltd produces two different products with the following monthly data: A1 A2 Total Selling ...
A: Breakeven Points - The breakeven point (break-even price) for a deal or investment is resolute by co...
Q: JFC Corporation values its inventory by using retail method: 1. How much is the ending inventory at...
A: Retail Inventory Method Retail inventory method which is used to measure the merchandise inventory w...
Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share ca...
A: Amount Beginning Balance of Retained Earnings 28,00,000 Add: Net Income for the curre...
Q: Edguy Company was organized on January 1, 2019. On that date, it issued 200,000 ordinary shares of P...
A: Stockholders' equity: Stockholders' equity means the net assets available to shareholders after dedu...
Q: Samra Ltd has 2 000 000 ordinary shares on issue at the beginning of the year, 1 July 2014. These sh...
A: 1. Weighted-average number of shares calculated in accordance with AASB 133 Period Shares Wei...
Q: Intra group Transactions Kent Ltd owns all the share capital of Lodh Ltd. That is, Lodh Ltd is a w...
A: The question is related to Consolidated Financial Statements. Kent is parent company of Lodh Ltd. Ke...
Q: A company pays its employees $3,700 each Friday, which amounts to $740 per day for the five-day work...
A: Salaries earned but unpaid = Number of working days worked * Rate per day Rate / amount per day = $ ...
Q: MOWGLI Company provided the following information for the year ended December 31, 2021. Contribution...
A: 1. Income Statement - This statement shows the income earned and loss incurred by the organization i...
Q: The National Co. has an inventory conversion period of 60 days, a receivable conversion period of 35...
A: Solution Working note - Average daily sales = 3375000 / 360 = 9,375.
Q: HELL'S KITCHEN Company has the following accounts information for the year ended December 31, 2021. ...
A: Total assets includes both Current assets and Non current assets. Current assets: Current assets are...
Q: SHADOW BONE Company reported net income of P7,500,000 for the current year: The auditor raised quest...
A: Adjusted net income for the current year = Reported net income for the year + Debit adjustment of pr...
34
Step by step
Solved in 2 steps
- Stellar Shoes would like to maintain their cash account at a minimum level of $25,000, but expects the standard deviation in net dally cash flows to be $2,000; the effective annual rate on marketable securities to be 5 percent per year, and the trading cost per sale or purchase of marketable securities to be $100 per transaction. What will be their optimal upper cash limit? Multiple Choice $114,277.02 $38,092.34 $27,000 $64,27702National Co. would like to maintain its cash account at a minimum level of P25,000, but expect the standard deviation in net daily cash flows to be P2,000; the effective annual rate on marketable securities to be 7.5% per year, and the trading cost per sale or purchase of marketable securities to be P200 per transaction. What will be their optimal cash return point?Hollywood Shoes would like to maintain their cash account at a minimum level of $67,000, but expect the standard deviation in net daily cash flows to be $5,700; the effective annual rate on marketable securities to be 6.50 percent per year; and the trading cost per sale or purchase of marketable securities to be $270 per transaction. What will be their optimal cash return point? (Round your answer to 2 decimal places.)
- Lux Co. would like to maintain its cash account at a minimum level of P25,000, but expect the standard deviation in net daily cash flows to be P2,000; the effective annual rate on marketable securities to be 7.5% per year, and the trading cost per sale or purchase of marketable securities to be P200 per transaction. What will be their optimal upper cash limitHollywood Shoes would like to maintain their cash account at a minimum level of $51,000, but expect the standard deviation in net daily cash flows to be $4,100; the effective annual rate on marketable securities to be 6.25 percent per year; and the trading cost per sale or purchase of marketable securities to be $110 per transaction. What will be their optimal upper cash limit? (Round your answer to the nearest dollar amount.) $55,100 $72,328.32 $111,859.83 $74,575.50Hollywood Shoes would like to maintain their cash account at a minimum level of $64,000, but expect the standard deviation in net daily cash flows to be $5,400; the effective annual rate on marketable securities to be 7.00 percent per year, and the trading cost per sale or purchase of marketable securities to be $240 per transaction. What will be their optimal upper cash limit? Note: Round your answer to the nearest dollar amount. Multiple Choice $69,400 $83,546 $155.437 $86,922
- mekmek Corporation uses the Baumol Cash Model to determine its optimal cash balance. For the coming year, the expected cash disbursement total to P432,000. The interest rate on marketable securities is P8 per transaction. Using 5% carrying cost rate, what is the optimal cash balance of the company? A. 1,175.76 B. 5,878.78 C. 11,757.55 D. 142,000The following formula is used in determining its optimal level of cash. Assume that the fixed cost of selling marketable securities is P10 per transaction and the interest rate on marketable securities is 6% per year. The company estimates that it will make cash payments of P12,000 over a 1-month period. What is the average cash balance (rounded to the nearest peso)? (check the attached photo) choose the letter of the correct answer a. P1,732.00b. P3,464.00c. P6,928.00d. P8,660.00e. P15,588.00HotFoot Shoes would like to maintain its cash account at a minimum level of $42,000, but expects the standard deviation in net daily cash flows to be $5,700, the effective annual rate on marketable securities to be 5.8 percent per year, and the trading cost per sale or purchase of marketable securities to be $130 per transaction. What will be its optimal cash return point? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places.) Optimal cash return point $
- Veggie Burgers, Inc. would like to maintain its cash account at a minimum level of $246,000 but expects the standard deviation net daily cash flows to be $12,100, the effective annual rate on marketable securities to be 4.8 percent per year, and the trading cost per sale or purchase of marketable securities to be $28.00 per transaction. What will be its optimal cash return point? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Optimal cash return point $ 287,757.72HotFoot Shoes would like to maintain its cash account at a minimum level of $33,000, but expects the standard deviation in net daily cash flows to be $4,800, the effective annual rate on marketable securities to be 7.3 percent per year, and the trading cost per sale or purchase of marketable securities to be $280 per transaction. What will be its optimal cash return point? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Optimal cash return point 60 $HotFoot Shoes would like to maintain its cash account at a minimum level of $39,000, but expects the standard deviation in net daily cash flows to be $5,400, the effective annual rate on marketable securities to be 6.1 percent per year, and the trading cost per sale or purchase of marketable securities to be $160 per transaction. What will be its optimal cash return point? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)