W1_HW

Question 17 PRINCIPAL is money paid to you by the bank for letting them use your money. Your answer: O Yes ONo Clear answer Back Next

Dlhos - YouT A Apex Learning - Apex Learning - Courses A https://course.apexlearning.com/public/activity/7001002/assessment cial Literacy 1 7.1.2 Exam: Exam Question 1 of 40 Which of these options for saving money offers the most liquidity? A. A savings bond B. A money market account C. A piggy bank D. A basic savings account SUBMIT E PREVIOUS re to search

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

MODULE 4 HOMEWORK THIRD TIME ASKING!! Please read carefully:  I need to match the following accounts to the following sections of the Balance Sheet that these accounts would be under.  I have numbered them 1-8.  Please simply answer the question.  Here are the accounts: 1) Fund to retire bond 2) Trucks 3) Investment XYZ 4) Machinery 5) Preferred Stock 6) Merchandise Inventory BELOW ARE THE OPTIONS FOR EACH ACCOUNT LISTED ABOVE.  MATCH THE ACCOUNTS ABOVE WITH THE OPTIONS BELOW. Current Asset Investments Property Plant Equipment Intangibles Current Liabilities Long Term Liabilities Contributed Capital Retained Earnings

Homework 5: Chapter VI i Saved Help Save & Exit Submit Check my work 11 Problem 6-22 Calculating EAR [LO4] Friendly's Quick Loans, Inc., offers you "$4.30 for $5.30 or I knock on your door." This means you get $4.30 today and repay $5.30 when you get your paycheck in one week (or else). 8.33 points Skipped a. If you were brave enough to ask, what APR would Friendly's say you were paying? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What's the effective annual return Friendly's earns on this lending business? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) еВook Ask Print References la. APR % b. EAR % Mc Graw Hill Education

march eacg Letter to the correct  number answer  to the left: 1.       Interest 2.       Monetary asset 3.       Compound interest 4.       Simple interest 5.       Annuity 6.       Present value of a single amount 7.       Annuity due 8.       Future value of a single amount 9.       Ordinary annuity 10.   Effective rate or yield 11.   Nonmonetary asset 12.   Time value of money 13.   Monetary liability     1.       ______ 2.       ______ 3.       ______ 4.       ______ 5.       ______ 6.       ______ 7.       ______ 8.       ______ 9.       ______ 10.   ______ 11.   ______ 12.   ______ 13.   ______ a.       First cash flow occurs one period after agreement begins b.       The rate at which money will actually grow during a year c.       First cash flow occurs on the first day of the agreement d.       The amount of money that a dollar will grow to e.       Amount of money paid/received in excess of amount borrowed/lent f.        Obligation to pay a sum of cash, the amount of which…

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Answer question 8, is it a b c or d

D2L Ô https://elearn.mtsu.edu/d2l/lms/quizzing/us... A ✩ C D21 Quizzes - Spring 2024 Personal Financial Planning (FIN-2010-D01, ECON-2110-D01) - Middle Tennessee St... 中 X 庙 Unit 6 Homework: Retirement & Estate Pla... 0:07:14 elapsed ✓ + A Question 11 (0.15 points) Retake question You as a young worker decide to use money in your traditional IRA account to pay for an unexpected $8250 expense. If your withdrawal faces a 10% early withdrawal penalty and you pay a marginal tax rate of 20%, how much must you take out of your account in order to pay the expense, the penalty, and the taxes on your withdrawal? Your Answer: Answer Hide hint for Question 11 The total amount you need to withdraw (X) must be the number such that when the penalty and taxes combined, you are

Answer question 7

3SP MAT1060NL04 Math Applications Question 5 dy S You deposit $500 each month into an account earning 6% interest compounded monthly. a) How much will you have in the account in 35 years? S MyOpenMath c) How much total interest will you earn? Question Help: Video 1 Submit Question Video 2 Search H

Chapter 1 Additional ProblemProblem 1-3 The Cash Bucket Accounting SystemThis problem repeats the Cash Bucket transactions from Chapter 1. Print the forms on the next page and use them to complete this problem.Requirement 1A. You will utilize the following four accounts: My Equity, Note Payable, Sister’s Equity, and Cash. Label the four “T” accounts using these account names.B. Put Dr and Cr Labels at the top of each “T” account. Also put “+” and “-“signs above the Dr and Cr Labels.C. Because you are just starting your Cash Bucket system, put a beginning balance of zero in each account. Label these amounts as “Beg. Bal.”Requirement 2For each of the following transactions make the required entries in the “T” accounts:(The description of the transaction that you write in the “T” account should be very brief. For example the description for transaction A. could be “I put in cash.” There are no right or wrong descriptions for the transactions.)A. You put $200 into the Cash Bucket.B.…

For elementary accounting class

Use the work bank to complete the following

2 3 4 1 5 6 7 00 8 9 10 11 Complete the following 7 Wk 3 Financial Exercises: Problem Set 1, Part 1 questions using either the financial functions in Excel® or the Present Value and Future Value formulas shown: Present value formula: Future value formula: Question 1. If you want to have $60,000 in 8 years, how much do you need to deposit in the bank today if the account pays an interest rate of 9%? 2. What will $110,000 grow to be in 9 years if it is invested today at 11%? 3. You would like to have $200,000 in a college fund in 15 years. How much do you need today if you expect to earn 12% while you are investing to pay for your child's college? 4. You have been offered $3,000 in 4 years for providing $2,000 today into a business venture with a friend. If interest rates are 10%, is this a good investment for you? 5. What will $82,000 grow to be in 11 years if it is invested today at 8% and the interest rate is compounded monthly? 6. How many years will it take for $136,000 to grow to…

Comprehensive Problem 3Part 2: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete part 1 before completing part 2. Based on the following data, prepare a bank reconciliation for December of the current year: a. Balance according to the bank statement at December 31, $283,000.b. Balance according to the ledger at December 31, $245,410.c. Checks outstanding at December 31, $68,540.d. Deposit in transit, not recorded by bank, $29,500.e. Bank debit memo for service charges, $750.f. A check for $12,700 in payment of an invoice was incorrectly recorded in the accounts as $12,000.   Kornett CompanyBank ReconciliationDecember 31, 20Y5         $                     Adjusted balance       $                   $     $               Total deductions         Adjusted balance       $

SECTION B Financial literacy: Debtors Ledger and General Ledger QUESTION 2 (25] (5) Choose from the word bank below and FILL in the missing words. Credit sales invoice Credit purchases invoice Sales Debit Credit Debtors ledger 2.1 The statement of account sent to the debtors each month showing clearly how much the debtor owes to the business. 141 2.2 When debtors buy aoods on credit. in the Debtors Ledger, it is recorded in the column and when they (2) pay their accounts, it is recorder 2.3 Which source document would be used when goods are sold on credit? (1) 2.4 When a business sells goods to A. Bothe on credit debtor control is debited and (1) is credited

Chapter 13 Homework (Applicati X CengageNOWv2| Online teachin x M (no subject) - morganmcgrew4@ x y what are two examples of cash in X A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%=&inprogress%3Dfalse Chapter 13 Homework (Application) eBook Show Me How Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $139,000. Depreciation recorded on store equipment for the year amounted to $22,900. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $56,710 $51,610 Accounts receivable (net) 40,660 38,140 Inventories 55,520 58,060 Prepaid expenses 6,240 4,900 Accounts payable (merchandise creditors) 53,140 48,820 29,040 31,890 Wages payable a. Prepare the "Cash flows from operating activities" section of the statement of cash flows, using the indirect method. Use the minus…

* CengageNOWv2 | On x * Cengage Learning B Milestone Two Guidel G module 5 problem set x blem Set: Mod x now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogres.. eBook Show Me How Proceeds from Notes Payable On January 26, Bella Co. borrowed cash from Conrad Bank by issuing a 30-day note with a face amount of $48,000. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 6%. b. Determine the proceeds of the note, assuming the note is discounted at 6%. Check My Work The proceeds equal the cash initially received. Proceeds represents how much in value the borrower is walking away with in cash on merchandise. Previous Next Check My Work 1:36 PM 54°F A O E A 4 11/28/2021 %23

E-F:8-14 Defining common receivables terms (Learning Objective 1) Match the terms with their correct definition. Terms 1. Accounts receivable 2. Other receivables 3. Debtor 4. Notes receivable 5. Maturity date 6. Creditor Definitions a. The party to a credit transaction who takes on an obligation/payable. b. The party who receives a receivable and will collect cash in the future.. c. A written promise to pay a specified amount of money at a particular future date. d. The date when the note receivable is due. e. A miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. The right to receive cash in the future from customers for goods sold or for services performed.

ACTIVITY 59 EVALUATING ACCOUNTS RECEIVABLE Purpose: • Analyze trends in Accounts Receivable and the Allowance for Bad Debt accounts. Assume you work in the corporate loan office of Lanford Bank. Chris Ives, owner of CI Manufacturing, Inc. has come to you seeking a loan of $350,000 for new manufacturing equipment to expand his operations. He proposes to use his accounts receivable as collateral for the loan and has provided you with the following financial statements. 02 Q3 (5 in thousands) Income Statement Sales revenue Cost of goods sold Gross profit Q4 Operating expenses Operating income Balance Sheet Q1 Accounts receivable Allowance for bad debts. Ratio Analysis Accounts receivable turnover ratio Allowance as a percentage of sales revenue b. C. d. e. f. Year 7 $1,475 876 599 518 $.81 $ 458 23 Specific Accounts 3.22 1.56% Year 6 $1,589 947 642 487 $ 155 $387 31 Examine the trend in each of the following accounts. Sales revenue: In Year 6 it (increased / decreased), and then in Year 7…