Nestor Company is considering the purchase of an asset for $100,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year. Compute the break-even time (BET) period for this investment. Annual NetCash Flows Present Valueof $1 at 10%
Year 0 1.0000
Year 1 $40,000 0.9091
Year 2 $40,000 0.8264
Year 3 $35,000 0.7513
Year 4 $35,000 0.6830
Year 5 $30,000 0.6209

a. 2.98 years
b. 3.17 years
c. 2.57 years
d. 3.62 years
e. 2.85 years

The following information is needed to reconcile the cash balance for gourmet catering services.* a deposit of $5,600 is in transit.* outstanding checks total $1,000.* the book balance is $6,400 at february 28, 2019.* the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent.* the bank balance at february 28, 2019 was $17,410.* a deposit of $400 was credited by the bank for $4,000.* a customer's check for $3,300 was returned for nonsufficient funds.* the bank service charge is $90.what was the adjusted book balance?