The controller for clint eastwood co. is attempting to determine the amount of cash to be reported on its december 31, 2014, balance sheet. the following information is provided.1. commercial savings account of $698,340 and a commercial checking account balance of $830,320 are held at first national bank of yojimbo.2. money market fund account held at volonte co. (a mutual fund organization) permits eastwood to write checks on this balance, $5,044,440.3. travel advances of $195,500 for executive travel for the first quarter of next year (employee to reimburse through salary reduction).4. a separate cash fund in the amount of $1,509,300 is restricted for the retirement of long-term debt.5. petty cash fund of $1,900.6. an i. o.u. from marianne koch, a company customer, in the amount of $157,850.7. a bank overdraft of $111,500 has occurred at one of the banks the company uses to deposit its cash receipts. at the present time, the company has no deposits at this bank.8. the company has two certificates of deposit, each totaling $517,800. these cds have a maturity of 120 days.9. eastwood has received a check that is dated january 12, 2015, in the amount of $131,830.10. eastwood has agreed to maintain a cash balance of $681,620 at all times at first national bank of yojimbo to ensure future credit availability.11. eastwood has purchased $2,124,020 of commercial paper of sergio leone co. which is due in 60 days.12. currency and coin on hand amounted to $8,150.compute the amount of cash and cash equivalents to be reported on eastwood co.

Island novelties, inc., of palau makes two products—hawaiian fantasy and tahitian joy. each product's selling price, variable expense per unit and annual sales volume are as follows:

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

The cost of capital: introduction the cost of capital: introduction companies issue bonds, preferred stock, and common equity to aise capital to invest in capital budgeting projects. capital is』necessary factor of production and like any other factor, it has a cost. this cost is equal to the select the applicable security. the rates of return that investors require on bonds, preferred stocks, and common equity represent the costs of those securities to the firm. companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital, and use this average cost for capital budgeting purposes. required return on rate: when calculating om operations when the firm's primary financial objective is to select shareholder value. to do this, companies invest in projects that earnselect their cost of capital. so, the cost of capital is often referred to as the -select -select and accruals, which a se spontaneously we hted average cost of capital wa c our concern is with capital that must be provided by select- 쑤 interest-bearing debt preferred stock and common equity. capital budgeting projects are undertaken, are not included as part of total invested capital because they do not come directly from investors. which of the following would be included in the caculation of total invested capital? choose the response that is most correct a. notes payable b. taxes payable c retained earnings d. responses a and c would be included in the calculation of total invested capital. e. none of the above would be included in the cakulation of total invested capital.