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1 year ago

Explain how websites are or are not credible

Business

1 answer:

Aleksandr-060686 [28]1 year ago

3 0

Answer:

- If a website includes a date and the name of the author who published it, it's most likely credible.

- If the end of a website has: ".gov" or ".org" that means they're credible.

Explanation:

Here are some questions to ask yourself when trying to find out if a website is credible or not:

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When the value of a bank's assets is than its liabilities, the bank is said to be:_____.

mr_godi [17]

The value of a bank's assets is than its liabilities, the bank is said to be <u>solvent</u>

<h3>What is assets?</h3>

Any resource that a company, an organization, or an economic body owns or controls is considered an asset. It encompasses everything that has the potential to generate gains in the economy. When turned into money, assets indicate the worth of ownership.

<h3>What do you mean by solvent in accounting?</h3>

A company's capacity to fulfill its short-term and long-term financial commitments is known as its solvency. One indicator of a company's financial health is its level of solvency, which reveals whether it will be able to continue running its business into the near future. Ratio analysis is a tool investors can use to assess a company's solvency.

To know more about solvent in accounting visit:

brainly.com/question/17373453

#SPJ4

3 0

2 years ago

If jjones withdraws 50000 from her personal account and deposits cash into a business account how to know 2hich accts to put in

Lina20 [59]

Answer:

The actions to write in the ledger are two.

Explanation:

When Jones withdraws from his personal account he is making a debit action, which indicates that this asset is decreasing and when that money is deposited to a commercial account he is making a credit action, which indicates that this asset is growing.

3 0

4 years ago

Suze says that YFB’rs are broke. She gives 10+ reasons why, what are 3 of the reasons of why they are broke?

zysi [14]

Suze named ten reasons why YFB’rs are broke. Below are three reasons she identified:

1) The company runs out of cash

2) The company is overpromising and undelivering

3) They invested much on products, thus having left with big inventory

4 0

4 years ago

Valley Technology Balance Sheet As of January 24, 2021 (amounts in thousands)

Travka [436]

Answer:

Valley Technology

1. Journal Entries:

Jan 25. Debit Cash $30,000

Credit Sales Revenue $30,000

To record the sale of goods for cash.

Debit Cost of goods sold $24,000

Credit Inventory $24,000

To record the cost of goods sold.

Jan 26. Debit Cash $40,000

Credit Service Revenue $40,000

To record the rendering of services for cash.

Jan 27. Debit Expenses $2,000

Credit Cash $2,000

To record the payment for good or service consumed.

2. T-accounts:

Cash

Date Account Titles Debit Credit

Jan. 24 Beginning balance 9,700

Jan 25. Sales Revenue 30

Jan 26. Service Revenue 40

Jan 27. Expenses 2

Jan. 31 Ending balance 9,768

Inventory

Date Account Titles Debit Credit

Beginning balance 3,800

Cost of goods sold 24

Ending balance 3,776

Sales Revenue

Date Account Titles Debit Credit

Cash $30

Service Revenue

Date Account Titles Debit Credit

Cash $40

Cost of goods sold

Date Account Titles Debit Credit

Inventory $24

Expenses

Date Account Titles Debit Credit

Cash $2

3. Balance Sheet As of January 31, 2021 (amounts in thousands)

Cash 9,768 Accounts Payable 1,500

Accounts Receivable 4,500 Debt 2,900

Inventory 3,776 Other Liabilities 800

Property Plant & Equipment 16,400 Total Liabilities 5,200

Other Assets 1,700 Paid-In Capital 7,300

Retained Earnings 23,644

Total Equity 30,944

Total Assets 36,144 Total Liabilities & Equity 36,144

4. The final amount in Total liabilities and equity is:

= $36,144

Explanation:

a) Data and Calculations:

Balance Sheet As of January 24, 2021 (amounts in thousands)

Cash 9,700 Accounts Payable 1,500

Accounts Receivable 4,500 Debt 2,900

Inventory 3,800 Other Liabilities 800

Property Plant & Equipment 16,400 Total Liabilities 5,200

Other Assets 1,700 Paid-In Capital 7,300

Retained Earnings 23,600

Total Equity 30,900

Total Assets 36,100 Total Liabilities & Equity 36,100

Analysis:

Jan 25. Cash $30,000 Sales Revenue $30,000

Cost of goods sold $24,000 Inventory $24,000

Jan 26. Cash $40,000 Service Revenue $40,000

Jan 27. Expenses $2,000 Cash $2,000

Revenue:

Sales revenue $30

Cost of goods sold (24)

Service revenue 40

Gross profit $46

Expenses 2

Net income $44

Retained Earnings, beginning $23,600

Net income 44

Retained Earnings,, ending $23,644

3 0

3 years ago

An owner of a large ranch is considering the purchase of a tractor with a front-end loader to clean his corrals instead of hirin

asambeis [7]

Answer:

1) none of the above $3828.57 ( E )

2) $1143 ( c )

3) $24571 ( A )

4) $17142.86 ( E )

5) 12% ( B )

6) $410 ( B )

7) $2744.95 ( f )

8) $17,489 ( c )

9) $24282.36 ( F )

10) 867

Explanation:

1) The annual after-tax net returns

net income = cash flow - depreciation

= $10500 - $\frac{cost of equipment}{estimated life}$ = 10500 - (40000/7) = $4785.71

calculate the annual net after tax returns = net income * (1 - Tax rate ) = 4785 * (0.80) = $3828.57

2) Tax savings from depreciation

Tax savings from depreciation = Depreciation amount * Tax rate

= $(\frac{equipment cost}{estimated life} ) * Tax rate$

= (40000/7) * 0.2 = $1142.86 ≈ $1143

3) After tax terminal value in three years

Sale value = $25000,

Book value = 40000 - ( 5714.29 * 3 ) = $22857.13

Gain on sale = sale value - book value = $2142.87

tax rate = gain on sale * tax rate = 2142.87 * 0.2 = $428.57

Terminal value = sales value - tax rate = 25000 - 428.57 ≈ $24571

4) Accumulated depreciation over the three years

= depreciation amount * 3 years

=5714.29 * 3 = $17142.86

5) After tax discount rate

= discount rate * (1 - tax rate )

= 15% * 0.80 = 12%

6) Present value of the after-tax net returns

SOLUTION attached below

7) Present value tax savings from depreciation

= Tax savings from depreciation / ( 1+r)^n note ; n = 3

= $1142.86 / ( 1 + 0.12 )^3 = $2744.95

8) present value of the after-tax terminal value

Pv of terminal value = Terminal value / ( 1 + r ) ^n

= $24571.43 / ( 1 + 0.12 ) ^3 = $17,489

9) Net present value

= net cash flows / ( 1 + r ) ^n

= 34114.29 / ( 1 + 0.12) ^3

= $34114.29 / 1.4049 = $24282.36

7 0

3 years ago