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1 year ago

What strategy would a bookkeeper utilize to make sure each column of debits and credits have similar totals?.

1 answer:

7 0

A trial balance strategy would a bookkeeper utilizes to make sure each column of debits and credits has similar totals.

Credit is normally described as an agreement between a lender and a borrower. credit additionally refers to a person's or commercial enterprise's creditworthiness or credit score records. In accounting, credit may additionally both lower belongings or growth liabilities in addition to decreasing fees or increase sales.

A credit score balance for your billing declaration is a quantity that the cardboard issuer owes you. credit is brought to your account each time you make a price. A credit score is probably brought while you go back to something to procure together with your credit score card.

Learn more about credits here: brainly.com/question/26867415

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. Intellus has long-term debt of $5 million, owners' equity of $7.5 million, current assets of $1 million, gross fixed assets of

stich3 [128]

Answer:

- $0.5 million

Explanation:

The computation of the net working capital is shown below:

We know that

Net working capital = Current assets - current liabilities

where,

Current assets = $1 million

The net fixed assets = Gross fixed assets - Accumulated depreciation

= $20 million - $7 million

= $13 million

Total assets = Current assets + net fixed assets

= $1 million + $13 million

= $14 million

And,

Total assets = Total liabilities + owners equity

$14 million = Total liabilities + $7.5 million

So, the total liabilities is

= $14 million - $7.5 million

= $6.5 million

Total liabilities = Current liabilities + long term debt

$6.5 million = Current liabilities + $5 million

So, Current liabilities is $1.5 million

Now the net working capital equal to

= $1 million - $1.5 million

= - $0.5 million

7 0

3 years ago

Adding new records, modifying existing ones, and deleting<br> ones no longer needed

nignag [31]

Answer:

Good

Explanation:

3 0

3 years ago

If you were the head of marketing for Troon, what benefit would you receive from Mr. Westmark’s decision to implement TCO?

ololo11 [35]

<span>One benefit to Mr. Westmark's decision is that it gives customers more flexibility when it come to buying. Customers can exceed the company's net earnings and get a better understanding of what they're buying. They get to know what the company gains from the deal, and the final cost.</span>

4 0

3 years ago

Caddie Manufacturing has a target debt-equity ratio of .95. Its cost of equity is 11 percent, and its pretax cost of debt is 7 p

Zigmanuir [339]

Answer:

8.20%

Explanation:

Debt equity ratio = 0.95

Debt = 0.95 × equity

Cost of equity, ke = 11% or 0.11

Pretax cost of debt, kd = 7% or 0.07

Tax rate = 24% or 0.24

Therefore;

WACC = {Weight of equity × ke } + {Weight of debt × kd × (1-Tax rate)}

It is to be noted that ;

Weight of equity = Equity ÷ (Debt + Equity)

= Equity ÷ ( 0.95×Equity + Equity)

=1 ÷ 1.95

=0.513

Also,

Weight of debt = Debt ÷ ( Debt + Equity)

=0.95 × Equity ÷ ( 0.95 × Equity + Equity)

= 0.95 ÷ 1.95

=0.487

Hence,

WACC = {0.513 × 0.11} + {0.487 × 0.07 × (1-0.24)}

= {0.05643} + {0.03409 × 0.76}

= 0.0823384

0.0823384 × 100%

=8.23384

=8.20%

6 0

3 years ago

Classify each of the following based on the macroeconomic definitions of saving and investment.

prohojiy [21]

Answer:

a. Susan purchases stock in Pherk, a pharmaceutical company. -- Investment
b. Megan buys new bulldozers for her construction firm. -- Investment
c. Larry purchases a certificate of deposit at his bank. -- Saving
d. Raphael takes out a mortgage for a new home in Detroit. -- Saving

Explanation:

The investment is a what is spent on the goods and services that are not consumed but are durable and the savings are what is left over after the national incomes are spent on the consumption of the goods and the services and an purchase of stock.

the buying of the construction firm is a type of investment and the purchase of a certificate of deposit and mortgage for a new home is the type of the saving which is for the future use.

6 0

3 years ago