d Question 7 Using the stylized balance sheet below, please 1) finish the balance sheet, and 2) use that information to answer the following question, entering your answer in the place provided. Avg. Interest Amount Avg. Interest Amount Demand Vault Cash $1,262 $1,408 Deposits US Treas. Savings 5.51% 2,372 3.46% 9,071 Securities Deposits Consumer/Bus. 5.76% 12,678 CD's 2.34% ???? Loans Mortgage 6.08% 7,692 Borrowings 5.12% 1,600 Loans Property Equipment Total Assets 986 Equity Total Liab.& ???? Equity 3,433 ???? What is the net interest margin the this bank? (Please enter the answer without the % sign-so - so for instance is the answer is 5.67%, then enter just 5.67) 1.565 er 3.13 margin of error +/- 0.05
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- exercise for finance acc.pdf O File | C:/Users/User/Desktop/FIN%20ACC/exercise%20for%20finance%20acc.pdf (D Page view A Read aloud T Add text V Draw E Highlight 2 Erase of 4 ++ 5 The companu purchases office equipment by cash. Asset Increase Decrease No Effect Liability Increase Decrease No Effect Owner's Equity Increase Decrease No Effect 6 The owner contributes his personal truck to the business. Decrease No Effect Asset Increase Decrease No Effect Liability Increase Decrease No Effect Owner's Equity Increase 5:29 PM O Type here to search IMI 26/10/2021 ENG1 of 2 On December 21 2017. Wildhorse Co. purchased $730,000 of commercial paper from Voight, Inc. The commerc paper matures January 14, 2018. Currency and coin on hand amounted to $10,446, A money market fund account held at Rogers, Inc. (a mutual fund organization) permits Wildhorse Co. to write chee on the full account balance, which was $930,000 at December 31, 2017. Wildhorse Co. has agreed to maintain a cash balance of $200,000 at all times at First National Bank of Alexander to ensure future credit availability. The balance in Wildhorse Co's petty cash fund is $400. During December 2017, Wildhorse Co. made travel advances to employees totaling $30,000 for executive travel that 9. 10. will occur during the first quarter of 2018. The employees will not reimburse the company for the advance, but are required to spend the funds on company-related travel and to submit receipts. The company received an LO.U. trom Stiller LLP, a company customer, on December 12. 2017. in the amount of…Print Item From the data below for Wong Company, prepare the closing entries for the year ended December 31. Cash dividends $47,000 Sales 982,600 Sales returns and allowances 3,960 Interest revenue 10,521 Factory overhead (debit) 210,620 Factory overhead (credit) 210,620 Cost of goods sold 726,820 Wages expense 130,745 Supplies expense 9,900 Depreciation expense-office equipment 6,900 Utilities expense 5,840 Bad debt expense 1,680 Advertising expense 11,120 Interest expense 9,860 Income tax expense 32,050 If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CREDIT
- On April 1, Splish Brothers Inc. began operations. The following transactions were completed during the month. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. + Issued common stock for $21,100 cash. Obtained a bank loan for $6,200 by issuing a note payable. Paid $9,700 cash to buy equipment. Paid $1,100 cash for April office rent. Paid $1,300 for supplies. Purchased $530 of advertising in the Daily Herald, on account. Performed services for $15,800: cash of $1,760 was received from customers, and the balance of $14,040 was billed to customers on account. Paid $350 cash dividend to stockholders. Paid the utility bill for the month, $1,760. Paid Daily Herald the amount due in transaction (6). Paid $40 of interest on the bank loan obtained in transaction (2). Paid employees' salaries, $5,630. Received $10,560 cash from customers billed in transaction (7). Paid income tax, $1,320. Account Titles and Explanation Cash Common Stock Cash Notes Payable Equipment Cash Rent Expense Debit 21,100…ntent X Bb Microsoft Word - Cash-to- X Bb Homework 5 × | 0 prod-fleet02-xythos.content.blackboardcdn.com/5d181b708c946/19992246?X-Blackboard-S3-Buc... - + ? Q Slater Compa O Search | CD | A | OF ㅂ Cash-to-accrual assignment 1. Slater Company uses the cash basis of accounting. Slater Company collected $950,000 from its customers during 2019. Customers owed Slater $150,000 of accounts receivable at the beginning of 2019, and $190,000 of accounts receivable at the end of 2019. What is Slater's sales revenue for 2019 under the accrual basis of accounting? 2. Merry Company uses the cash basis of accounting. Merry Company made $600,000 in payments to its suppliers during the year. Merry's beginning inventory was $20,000, and its ending inventory was $35,000. In addition, Merry had a beginning accounts payable of $40,000 and an ending accounts payable of $70,000. What is Merry's cost of goods sold under the accrual basis of accounting? ((( 3. Little Company uses the cash basis of accounting.…The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 3rd Quarter 14,500 2nd Quarter 4th Quarter 1st Quarter 11,500 Budgeted unit sales 12,500 13,500 The selling price of the company's product is $14 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $71,200. The company expects to start the first quarter with 1,725 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,925 units. Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2.…
- LIUILLUM/ERt/Map/index.html?_con=con&external_browser=0&launchUrl=https%253A% t.mheducation.com%252F/activity/qu YouTube * Maps 5. In-Class Activity i Saved Help Save 8 Case A: Compute cash received for interest Interest revenue Interest receivable, beginning of year Interest receivable, end of year Case B: Compute cash paid for wages Wages expense Wages payable, beginning of year Wages payable, end of year $ 5,000 $ 9,000 600 2,200 |1,000 1,700 For each separate case, compute the required cash flow information for BioClean. Case A Cash received for interest Cash paid for wages Case B: 4 of 6 search fo トト & 7 8. 6. Y 00 立Online Test WMindow Gooale Chrome A tests.mettl.com/test-window/f55ac827#/testWindow/0/9/1 EY Accounting Assessment O Total 00:55:24 Finish Test Section 1 of 1 Section #1 v 12 (3 7. 10 11 10 of 45 All 2 43 Question # 10 Revisit Choose the best option O Differences between net income and associated cash receipts and disbursements. The primary purpose of a statement of cash flows is to provide relevant information about O An enterprise's ability to generate future positive net cash flows. O The cash receipts and cash disbursements of an enterprise during a period. OAn enterprise's ability to meet cash operating needs. Prev Question Next Question +91-82878-03040 Zaineh | Support +1-650-924-9221 4:13 PM 1/16/2021 meitiSaved e Quiz: Accounting for Current Liabi... A Required information Knowledge Check 01 The records of Pippins, Incorporated, included the following information: Net sales 475,000 Gross margin Interest expense Income tax expense Net income 000'0 000'0 Compute the times interest earned ratio, rounded to the nearest decimal. O 4.8 O 6.4 O7.4 O 20.0 *********** II F3 F5 F6 F8 F4 #3
- LEDGER Account: Cash11Account No. DATE ITEM POST. REF. DEBIT CREDIT BALANCE DEBIT CREDIT 1 2 3 4 5 6 7 8 9 10 11 12 Account: Accounts Receivable12Account No. DATE ITEM POST. REF. DEBIT CREDIT BALANCE DEBIT CREDIT 1 2 Account: Supplies13Account No. DATE ITEM POST. REF. DEBIT CREDIT BALANCE DEBIT CREDIT 1 Account: Prepaid Insurance14Account No. DATE ITEM POST. REF. DEBIT CREDIT BALANCE DEBIT CREDIT 1…Find the present balances in the table below Previous Deposits Balance $42.30 220.72 37.09 849.83 19.84 1 2 3 4 5 $502.00 304.50 806.51 795.14 1,136.22 Withdrawals $80.60 398.63 329.77 900.62 1,108.00 Service Charge $6.75 2.80 2.85 0.00 48.06 Interest $0.00 1.00 1.98 2.19 0.00 Present BalanceG Google 2ND SEM-A x M Inbox - sam X FREE Chegg x b Answered: G Sapphire Cc x b My Questic O Answer San X f (1) Faceboo X + O File C:/Users/NEIDEN/Documents/2ND%20SEM%20MODULE/2ND%20SEM-ACCTG%203.pdf 2ND SEM-ACCTG 3.pdf 24 / 88 110% + What is the cash balance per ledger on December 31? 9. Core Company provided the following data for the purpose of reconciling the cash balance per book with the cash balance per bank statement on December 31: Balance per book 850,000 Balance per bank statement 2,000,000 Outstanding checks, including certified check of P100,000 500,000 Deposit in transit 200,000 December NSF checks, of which P50,000 had been redeposited and cleared on December 27 150,000 Erroneous credit to Core's account, representing proceeds of loan granted to another company 300,000 Proceeds of note collected by bank for Core, net of service charge of P20,000 750,000 What amount should be reported as cash in bank at year-end? 10. Laconic Company received the bank statement for the…