Final answer:
The accounting profit for XYZ Co. is calculated as total revenues ($1,000,000) minus explicit costs for labor ($600,000), capital ($150,000), and materials ($200,000), resulting in an accounting profit of $50,000. The provided options ($750, $751, $752, $749) do not align with this calculation, and without additional information, it is not possible to determine the adjusted cash balance per the books.
Step-by-step explanation:
To calculate the adjusted cash balance per the books for XYZ Co., we can use the information provided related to the firm's accounting profit. The formula to calculate accounting profit is: total revenues minus explicit costs.
Based on the information given:
Therefore, the accounting profit can be calculated as:
Accounting profit = $1,000,000 - ($600,000 + $150,000 + $200,000) = $1,000,000 - $950,000 = $50,000.
It appears there may be a misunderstanding or a typo in the question as the values provided ($750, $751, $752, $749) do not align with the calculation of accounting profit. The correct accounting profit, given the provided values, is $50,000.
As no additional information is provided on how to adjust the cash balance using the accounting profit, it is not possible to accurately determine which of the provided options (a, b, c, or d) is the adjusted cash balance per the books. The explanation above, however, shows how to calculate the accounting profit from the given data.