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1 year ago

The balance in the j. higgins, withdrawals account was $4,700. the entry to close the account would include a?

1 answer:

8 0

The balance in the j. Higgins, withdrawal account was $4,700. the entry to close the account would include a debit to J. Higgins, Capital, $3,200.

A direct debit is a record of the amount deducted from your bank account, such as when you write a check. The total debits must balance the total credits. Synonyms: Payment, Liability, Payment, Obligation Other synonyms for direct debit.

In accounting, a credit is an entry that records a decrease in an asset or an increase in a liability, and a decrease in expenses or an increase in income (as opposed to a debit that does the opposite). Thus, credits increase net income on the company's income statement, while debits decrease net income.

A direct debit is a payment made or debited or an indication of the amount debited. Attempting to track a mysterious $2 withdrawal from a bank account is unlikely to succeed, but it should be done anyway.

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Discuss whether a commercial bank should specialize or diversify in terms of the services it provides.

mojhsa [17]

Answer:

The authors find that sector specialization has an overall positive effect on banks' performance. In contrast, Bebczuk and Galindo (2007) find for Argentina that banks with a diversified credit portfolio have fewer non-performing loans.

6 0

3 years ago

Ocean co. just paid a dividend of $2 per share out of earnings of $4 per share. if the book value per share is $25, what is the

BaLLatris [955]

The sustainable growth rate (sgr) is 8 percent.

<h3><u>What is Sustainable growth rate?</u></h3>

The highest rate of growth that a business or social enterprise may sustain without using more equity or debt to fund expansion is known as the sustainable growth rate (SGR).
In other words, it is the rate at which the business may expand without borrowing money from other sources by using only its own internal earnings.
The SGR aims to increase sales and revenue while reducing financial leverage.

A corporation can avoid financial trouble and excessive leverage by achieving the SGR. Get or compute the company's return on equity (ROE) first. By comparing net income to shareholders' equity, ROE assesses a company's profitability.

Know more about sustainable growth rate with the help of the given link:

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6 0

2 years ago

As measured in 2008, about _________ of U.S. trade and ________ of European trade is intra-industry trade.

Natalija [7]

Based on information available, as measured in 2008, about 60 percent of U.S. trade and 60 percent of European business is intra-industry trade.

<h3>What is intra-industry trade?</h3>

The intra-industry trade is a term used in describing the commercial activities that involve the exchange of related products about the same industry.

The intra-industry trade is common in international markets where related features are exchanged between countries.

Based on the information released in 2008, the intra-industry trade takes a massive part of the USA and Europe trade, with 60 percent each.

Hence, in this case, it is concluded that intra-industry trade is a common phenomenon in the international market.

Learn more about Intra-industry trade here: brainly.com/question/8495793

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2 years ago

The way Professor Quinn chose to handle this situation illustrates the difficulty of dealing with ethics violations. Listed as f

VashaNatasha [74]

Answer:

Option A. Establishing a code of ethics

Option B. Providing support for whistleblowers

Option D. Referring ethical dilemmas to an ethics committee

Explanation:

Professor Quinn had chosen all of the options except providing ethics tainings for the employees because every employee have minimum ethics knowledge.

Having code of ethics builds a sense of better dealings in a work environment. It also triggers a sense of ethical values that an oganization wants to promote among its employees.

Providing support for whistleblowers help in identifying potential threats and risks associated with human resource and company assets. It also help in enfocing ethical values which can't be compromised.

Referring ethical dilemmas to the Ethics Committee will enable resolving of conflicts within an organization on a timely basis.

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3 years ago

Which cover letter is written in response to an announcement that a job opening exists? A. Soliciting B. Scanning C. Qualificati

maria [59]

The correct one would be soliciting. I have a job and I just grab my business cards and hand them out to people. You could use cards ,HUGE signs, and even open meetings with free food. I love those.. P:
I hope this helped! :D

5 0

3 years ago