How much is the correct cash balance on December 31, 2020?
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- What sum of money due on October 1, 2026 is equivalent to $3000 due on January 1, 2003 if interest rates were 1.2% / year compounded monthly before January 1, 2010, changed to 6.8% / year compounded monthly from January 1, 2010 to January 1, 2020, and stood at 8.2% / year compounded monthly thereafter? (Enter the value only; do NOT add a $ sign.)How does Long-Term Bank Loan impact Avett Inc.'s 2020 Statement of Cash Flows? Question 10 options: The periodic change in Long-Term Bank Loan is added in Cash Flows from Operations The periodic change in Long-Term Bank Loan is added in Cash Flows from Financing The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Financing The periodic change in Long-Term Bank Loan is added in Cash Flows from Investing The periodic change in Long-Term Bank Loan is not included on the Statement of Cash Flows The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Operations The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from InvestingHow do Other Payables impact Avett Inc.'s 2020 Statement of Cash Flows? Question 17 options: The periodic change in Other Payables is subtracted in Cash Flows from Investing The periodic change in Other Payables is added in Cash Flows from Operations The periodic change in Other Payables is subtracted in Cash Flows from Financing The periodic change in Other Payables is added in Cash Flows from Financing The periodic change in Other Payables is added in Cash Flows from Investing The periodic change in Other Payables is not included on the Statement of Cash Flows The periodic change in Other Payables is subtracted in Cash Flows from Operations
- 58. Which of the following is/are cash equivalents?I. 180-day investment in a money market dated August 1, 2021 and purchased on November 15, 2022, P25,000II. Postal Money Order, P60,000III. 90-day treasury bill, P50,000IV. Two-year treasury note dated February 15, 2020, and acquired on December 1, 2021, P120,000. a. I and III b. I, II and III c. I, II, III and IV d. I, III and IVI need help explaining the graphs, below please.In year 2022, cash sales is credited to Rent Income. What is the effect of the error in the year 2022 net income?
- Which of the following will shorten the cash cycle? Select one: A. An increase in the raw materials inventory holding period B. An increase in the production period C. An increase in the trade receivables days D. An increase in the trade payables daysItems 23 through 25 are based on the following data: The January 31, 2020 balance sheet of Miko Corporation shows the following information: P8,000 Cash for 38,000 Accounts receivable (net of allowance uncollectible accounts of P2,000) 16,000 Inventory 40,000 Property, plant and equipment (net of allowance for accumulated depreciation of P60,000) P102,000 Total assets P82,500 Accounts payable Ordinary shares Retained earnings (deficit) Total liabilities and stockholder's equity 50,000 (30,500) P102,000 Additional information: Sales are budgeted as follows: February P110,000 March 120,000 Collections are expected to be 60% in the month of sale, 38% the next month, and 2% uncollectible. The gross margin is 25% sales. Purchases each month are 75% of the next month's projected sales. The purchases are paid in full the following month. o Other expenses for each month, paid in cash, are expected to be P16,500. Depreciation each month is P5,000.Reported income taxes on its recently ended year (2021), income statement. Its balance sheet reported an amount of income taxes payable at end of the previous year (2020), and a greater amount (Increase) for the recently ended year (2021)How do you calculate what amount of cash payments were made for income taxes during the recently ended year (2021)?
- Which of the following statements is CORRECT about amount financed? a. It is the sum of list price and down payment. b. It is the amount of money paid in advance for any commodity purchased in instalment plan. c. It is the difference between the cash price and the down payment. d. It is the sum of the total monthly payments and the down payment.1) Which of the following statements about time value of money is not correct? Present value of money is today's value of money. Money grows with interest and time. Value of $1 today is greater than tomorrow. Value of $1 today is less than tomorrow. 2) The present value of a lump sum is: today's value of expected cost savings in the future. today's value of a total future cash flow. today's value of multiple equal payments in the future. today's value of a single payment in the future. 3) ACE Company acquired $500,000 to construct a new warehouse. To obtain this fund, the company issued 3,000 preferred stocks with $100 par value and 8% dividend rate for $300,000 and bonds for $100,000 with 5% interest, and borrowed the rest from its bank with 6% interest rate. The company requires a 3% buffer margin. What is the required rate of return on this project? 7% 12% 10% 13.9% 10.9%The time value of money takes all of the following into consideration EXCEPT a.Inflation b.the number of compounding periods per year c.The total number of years d. the present value of money