At June 30, Mareska Company Has the Following Bank Information $€ 7,200$

question 126

Multiple Choice

At June 30, Mareska Company has the following bank information: cash balance per bank $€ 7,200$ ; outstanding checks $€ 560$ ; deposits in transit $€ 1,100$ ; credit memo for interest $€ 20$ ; bank service charge $€ 40$ . What is Mareska's adjusted cash balance on June $30 ?$

• A) \(€ 7,720\)
• B) \(€ 7,760\)
• C) \(€ 6,660\)
• D) \(€ 7,740\)

Identify strategies to increase sensitivity and effectiveness in working with older adults.

Understand the purposes and costs associated with holding cash in a firm.

Recognize different methods of managing accounts receivable and their impacts on a firm’s finances.

Understand the concepts and types of demand for holding cash, including transactions, precautionary, and speculative demands.

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Definitions:

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.

Interest Rate

The proportion of a loan charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Break Even

Break even refers to the point at which total revenues equal total costs, meaning that a business or project is neither losing nor making money.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or business activity.