True, If sales revenues are falling and neither equity nor debt capital could be discovered to meet a firm's a need capital, selling off its surplus assets is indeed a reasonable last resort.
What is an Asset?
An asset is a resource with monetary value that an individual, corporation, or country owns or controls with the expectation of future benefit. A company's assets are reported on its balance sheet. They are divided into four categories: current, fixed, financial, and intangible. They are purchased or created in order to increase the value of a company or to benefit its operations. An asset is anything that can generate cash flow, reduce expenses, or increase sales in the future, whether it's manufacturing equipment or a patent. Assets are reported on a company's balance sheet. They are purchased or created in order to increase the value of a company or to benefit its operations. An asset is anything that can generate cash flow, lower expenses, or increase sales, whether it's manufacturing equipment or a patent.
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Answer:
Reverse redlining
Explanation:
Reverse redlining means the practice that target the neighborhood specially the non-white for the greater prices or lended the non-fair terms like lending used for predatory with respect to the subprime mortgage
So as per the given situation, it is the reverse redlining as it is targetted to the borrowers or the areas having high cost loans
So, the same should be considered
Answer:
D
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Cash flow in year 0 = $-66,000
Cash flow each year from year 1 to 4 = $20,000
IRR = 8.16%
For the project to be profitable, the IRR has to be greater than the desired rate of return
Since the IRR (8.16%) is lower than the desired rate of return (10%), the project isn't profitable
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Answer:
$2,830,000
Explanation:
Net working capital is calculating by subtracting current liabilities from current assets
- current assets = cash and marketable securities + accounts receivable + inventories = $560,000 + $2,000,000 + $2,500,000 = $5,060,000
- current liabilities = accrued wages and taxes + accounts payable + notes payable = $610,000 + $910,000 + $710,000 = $2,230,000
net working capital = $5,060,000 - $2,230,000 = $2,830,000
Answer:
Explanation:
The general ledger shows the record for every financial transaction which an organization does. The subsidiary ledger is just used to support the general ledger control account as it gives vital informations on sales, discounts, etc.
Based on the above explanation, the references, indicated by the letter will be posted thus:
a. This will be posted to the subsidiary ledger account.
b. This will be posted to the general ledger account.
c. This will be posted to the general ledger account.
d. This will be posted to the subsidiary ledger account.
e. This will be posted to the general ledger account.
f. This will be posted to the general ledger account.
g. This will be posted to the subsidiary ledger account.
h. This will be posted to the general ledger account
i. This will be posted to the general ledger account.
j. For this, there will be no posting required.
k. This will be posted to the general ledger account.
l. This will be posted to the general ledger account
