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White raven [17]
1 year ago
14

at wilma service company, the balance of cash account on january 1st, 2020 was $5,000. the following transactions are for year 2

020: (1) issued $25,000 of common stock for cash. (2) paid wages expense of $10,000. (3) acquired land by issuing common stock of par value $50,000. (4) declared and paid a cash dividend of $1,000. (5) recorded cash sales of $20,000. (6) provided $20,000 services in cash. (7) disposed some of the old equipment of company for $3,000 in cash. (8) repaid a 6 year note payable in the amount of $11,000. (9) purchase new equipment – paid $6,000 cash and the rest was on account. compute net cash flows from financing activities. example of answer: 4000 or -4000 (no comma, space, decimal point, or $ sign. show negative with -)
Business
1 answer:
Xelga [282]1 year ago
3 0

the correct answer is $60,000

How Do I Open a Cash Account?

To balance an account, just add up its debit and credit sides, then subtract the smaller (with a lower total value) side from the bigger side. The balance of the account is the difference between the two sides.

Any securities transactions must be paid in full from monies in the account at the time of settlement if the account is a cash one with a brokerage company. Thus, with this form of account, short selling and buying on margin are prohibited. Cash accounts and margin purchases of securities are governed by Regulation T of the Federal Reserve. Investors have two business days to pay for security under this legislation. T+2 is the name of it.

A ledger in which all cash transactions are documented is referred to as a cash account or cash book in accounting. The cash account contains both the cash receipts and payments journals.

To know more about balance of cash account

brainly.com/question/14541900

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2 years ago
Examples of current liabilities are all of the following except
Sladkaya [172]

Answer:

d. accounts receivable.

Explanation:

We know that

The current assets = Cash and cash equivalents + Short-term investments + Notes receivable + Inventories + Prepaid expenses and other related current assets

And, current liabilities comprise of

= Short-term note payable + Accounts payable + current portion of long-term debt

The duration of the current asset and the current liabilities within one year.

Therefore, the account receivable is not an example of current liabilities.

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3 years ago
The role of ______ control is to challenge the organization's beliefs and goals and to continuously monitor, test, and review st
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Answer:

Informational

Explanation:

The role of "informational" control is to challenge the organization's beliefs and goals and to continuously monitor, test, and review strategies. Informational control is when a business gathers information and analyzes that information from different perspectives to come up with better strategy's in order to better the business itself.

Hope this helps.

4 0
2 years ago
How can integrating SCM, CRM, and ERP help improve business operations at your place of work or school
zalisa [80]

Answer:

The integration of those systems will have the power to improve the operations by giving more information and control to the managers and help them in the decision making process.

Explanation:

First of all, the name of "Supply Chain Management" refers to a system that is used in the companies in order to have information and control what it is known as the flow of the goods and services since the raw materials until the final good consumed by the final user.

Secondly, a "Customer Relationship Management" is another system that focus more priorily in the attention to the consumer and the relationship that the company has with him, meaning that in that system all the information related to the customer is held

Finally, an "Enterprise Resource Planning" is also a system that helps the managers to resolve the problems more superiors related to the high management and the decision making process that is involved in those areas due to the fact that it provides a continuous and real life time focus of the situation of the company as a whole.

To sum up and in order to respond to the question, those three systems can help any business to improve its operations due to the simply fact that it will have a major control of what happens and that will mean more information for the decision making process that will lead to better results and profits.

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Your company incurs a cost for fire insurance, which in the short run, is fixed. What happens to the cost in the long run? In th
amid [387]

Answer:

The correct answer is it becomes variable cost.

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In the long run though, all the factors are variable. All factors can be changed. So there are no fixed costs in the long run run. All the costs incurred on all factors become variable costs.

3 0
3 years ago
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