In Preparing Its Bank Reconciliation for the Month of April

question 112

Multiple Choice

In preparing its bank reconciliation for the month of April 2015, Delano, Inc. has available the following information. What should be the adjusted cash balance at April 30, 2015?

• A)$77,260.
• B)$77,600.
• C)$78,020.
• D)$78,200.

---

Definitions:

Cost of Equity

The return a firm theoretically pays to its equity investors to compensate them for the risk they undertake by investing their capital.

WACC

Weighted Average Cost of Capital; an estimation of a corporation's cost of capital, with each capital category being weighted in proportion.

Cost of Equity

The return that shareholders require on their investment in the company, often estimated using models such as the Capital Asset Pricing Model (CAPM).