John’s bank statement shows a closing balance for a given month as $2,200 and his personal account register shows a closing balance for the same month as $2,050. john investigated his accounts to identify the following discrepancies: bank charges of $200 were charged. there were checks of $200 that were not yet presented for payment. deposits not yet credited totaled $300. $450 interest was credit to john’s account. by how much is john’s bank reconciled?

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)