Finance Answers

why is the bank and cash figures in the balance sheet different from the profit for the year shown in the profit and loss account?

what is the expected value if the annual budget is $279,740,088 and the percentage spent is 8.33% and what is the variance if the actual spent was $23,500,000?

what is the expect value if the annual budget is $134,685,340 and the percentage spent is 8.33% and what is the variance if the actual for first month is $11,000,000?

Q1
Judith runs a landscape gardening business and has come to you for financial advice. You find that she is reluctant to offer discounts for cash. Explain the reasons for and against offering discounts for cash and recommend some financial advice for Judith's business.

Q2 Recall the importance of the current (working capital) ratio. and clarify what a current ratio of 3.5.1(350 per cent) represents.

Pharmacy for the homeless is going to purchase a new drug storage unit for $16,000. A bank will lend the organization the case at an annual interest rate of 12%. Pharmacy will have to repay the loan in equal installments over two years. How much will they have to pay each month?

Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.)
Achieve $225,500 at 8.45% compounded continuously for 8 years, 145 days.

An accountant finds that the trial balance of his client did not tally and it showed an excess credit of Rs. 69.74. He transferred it to a suspense account and later discovered the following errors.
a) Rs. 44.37 paid to Anand has been credited to his account as Rs. 34.37.
b) A purchase of Rs. 145.50 has been posted as Rs. 154.50 to the purchases account.
c) An expenditure of Rs. 158 on repairs has been debited to the buildings account.
d) Rs. 80 was allowed by B as discount which has not been entered in the books.
e) A sum of Rs. 125.05 realized on the sale of old furniture has been posted to the sales account. Give journal entries to rectify the errors and show the suspense account as it would appear after adjustments Hint: Total of suspense a/c = 78.74

Jonas recently purchased a one-year membership at Gold's Gym. He can add a second year to the membership now for $1215, or wait 11 months and pay the regular single year price of $1280. Which is the better economic alternative if money is worth 8.5%? At what discount rate would the alternatives be equivalent?

Q1. An accountant finds that the trial balance of his client did not tally and it showed an excess credit of Rs. 69.74. He transferred it to a suspense account and later discovered the following errors. a) Rs. 44.37 paid to Anand has been credited to his account as Rs. 34.37. b) A purchase of Rs. 145.50 has been posted as Rs. 154.50 to the purchases account. c) An expenditure of Rs. 158 on repairs has been debited to the buildings account. d) Rs. 80 was allowed by B as discount which has not been entered in the books. e) A sum of Rs. 125.05 realised on the sale of old furniture has been posted to the sales account. Give journal entries to rectify the errors and show the suspense account as it would appear after adjustments Hint: Total of suspense a/c = 78.74

This Companyies only source of debt funding is by use of perpetual note. This note is currently pried at $55. The note pays quarterly interest on a $100 face value. Assume a constant nominal rate of 4% (in practice the rate changes over time). The total number of notes on issue equal 50000.

q1. Calculate the cost of debt for this company. (round to 4 decimal places)

The first part of this question asked for the cost of equity which is 9.69%.