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Book balance

Explain and show work (why they are or are not correct). Thanks :)__D__ 1. Your book balance for cash is $811. You have an outstanding deposit of $210 and three outstanding checks totaling $316. What is your available cash balance? a. $495 b. $705 c. $917 d. $1,021The outstanding checks would have already been deducted from the book. __C__ 2. Which one of the following types of delay refers to the time it takes a firm to sort the mail, prepare the checks received for deposit, and deliver the deposit to the bank? a. availability b. mailing c. processing d. disbursement Processing Delay is the delay. A processing delay may involve the time between receiving a payment and depositing it in the bank or between a customer requesting a product and that product being shipped. ____C____ 3. Which one of the following statements concerning lockboxes is correct? a. Lockboxes offer no benefit since the Check Clearing Act for the 21st Century became law. b. Lockbox payments are generally deposited into a firm’s bank account prior to the firm recording that payment on the customer’s account. c. Lockboxes are generally used in place of a cash concentration account. d. The check payee picks up and processes checks from its lockboxes multiple times during the day. ____B___ 4. Which one of the following motives is used to refer to the holding of cash so a firm can benefit from an unforeseen investment opportunity? a. precautionary b. speculative c. transaction ____C____ 5. Generally speaking, when is money deposited into a controlled disbursement account? a. never b. on a monthly basis only c. whenever excess funds are available in the master account d. as needed to cover checks presented for payment ____D____ 6. Which one of the following characteristics generally applies to commercial paper? a. maturities of 90 days or less b. high level of liquidity c. active secondary market d. unsecured ____D____ 7. A firm has credit terms of 1/7, net 25. What is the net credit period? a. 1 b. 7 c. 18 d. 25 ____D____ 8. A firm offers credit terms of 1/5, net 20. What is the effective annual rate if a customer foregoes the discount on a $3,000 purchase? a. 22.50 percent b. 23.33 percent c. 24.36 percent d. 27.71 percent20 – 5 = 15365 / 15 = 24.333.01 / .99 = 0.0101011.01010124.333 – 1 .2771 = 27.71 ____D____ 9. Which of the following affect the credit period? I. account size II. product cost III. competition IV. perishability a. I and II only b. I and III only c. II, III, and IV only d. I, II, III, and IV ____B____ 10. A firm has annual sales of 21,000 units at an average selling price of $54 a unit. The carrying cost per unit is $2.70. The fixed cost per order is $51. The inventory is allowed to fall to zero before it is restocked. What is the EOQ? a. 834 units b. 891 units c. 906 units d. 923 units[ ((2 * 21,000) * 51) / 2.70 ]1 / 2 = 891

EssayTab is hands down the best essay writing service for college students. I was initially skeptical about the quality of a product that has such a low price point but I can tell you that it’s worth every penny! I’ve been using EssayTab for my essays in college as well as in grad school, and they always deliver excellent content.

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FAQ

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Proofreading is never fun, no matter how much you love the smell of red pen in the morning. Don’t enjoy reading your own writing? You’re not alone. Don’t have time to revise your work or read a full-length novel? We feel ya. That’s why we offer affordable proofreading services to university students in a range of areas, including history, literature, and business studies.

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What is Essaytab.com?

Essaytab.com is an academic writing site that helps students write top-notch essays and research papers.

How much does EssayTab cost?

Price starts at just $11 a page. Our prices are very affordable, and we guarantee to deliver your paper on time. We hire only the most qualified writers who can produce a high-quality custom essay, research paper, or dissertation on all academic topics.

Is this the best essay writing service?

There are many essay writing services available. And, it is your responsibility to choose the best and the most trusted one for you ⇒ Essaytab.com. The best essay writing service should be able to provide all kinds of essays, from persuasive, expository, argumentative essays to any other type of essays. So basically, if you want to buy an essay online, you should be looking for a reliable company that can offer you a wide range of options.

The best essay writing service should also have a good customer support system in place. You would probably need some help while ordering your essay online and so it is important that you get assistance from someone who knows what they are doing. The best essay writing services should offer round-the-clock customer support service so that whenever you need it, someone will be there to help you out.

The best essay writing services should also offer affordable prices along with high-quality work. Not every company that offers cheap prices provides quality work, but some companies provide both quality and cheap prices, and these companies are known as the best ones because they offer what they promise!

How do I place an order?

It is easy to place an order at our essay writing website. It is all done online. All you need to do is fill out the order form, which will take only a few minutes of your time.
Once you complete the order form, we will start working on your essay immediately. Once your paper is completed, we will send it back to you via email, and you will be able to download it and submit it on time without any additional work required on your part.

How is the price of my essay determined?

The price of an assignment is based on:

1) Academic Level: Price starts at $11 per page but increases by $10 when you select College 1-2, $15 for College 3-4, Master’s $25 and $30 when you select PhD level. The base price for all academic levels is just $11 per page.

2) Number of pages. The more the pages the higher the price.

3) Deadline: Shorter deadlines like 12 hours attract an extra fee. We advise our clients to orders essays in advance to avoid delays.

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Yes, EssayTab is 100% legal. Here’s just a few reasons why you should choose essaytab.com for your assignments:

1) Professional editors: Our editors fact check each assignment to make sure that it meets the clients requirements and is 100% plagiarism free.

2) High-quality work: We guarantee that the completed essay will be written from scratch.

3) Confidentiality: We do not share your information with any third parties.