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4 years ago

12

"at the clearing house, bank x has $300 in checks drawn on bank y and bank y has $200 in checks drawn on bank x. how does the cl

earinghouse settle the accounts."

1 answer:

Gre4nikov [31]4 years ago

8 0

The clearing house settle the accounts by hiring an accountant to do the work.

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A company issued 70 shares of $30 par value preferred stock for $4,000 cash. The journal entry to record the issuance is:______.

PtichkaEL [24]

Answer:

E. Debit Cash $4,000; credit Paid-in Capital in Excess of Par Value, Preferred Stock $1,900, credit Preferred Stock $2,100.

Explanation:

Journal Entry for Issuance of 70 shares of $30 par value preferred stock for $4,000 is -

Cash Debited - $4,000

Paid in Capital in excess of Par value Credited - $1,900

Preferred Stock (70 shares × $30 each) Credited - $2,100

The correct option is - E. Debit Cash $4,000; credit Paid-in Capital in Excess of Par Value, Preferred Stock $1,900, credit Preferred Stock $2,100.

7 0

3 years ago

What is meant by centralised direction

Alla [95]

Centralized direction explain why we often overestimate how well we can predict future actions of others.

I hope that's help:0

5 0

3 years ago

In general terms, how would a change in investment opportunities affect the payout ratio under the residual payment policy?

adell [148]

Companies with residual dividend policies priorities paying capital expenditures out of earnings.

<h3>What is payout ratio?</h3>

The payout ratio, which is calculated as a percentage of the firm's total earnings, demonstrates the part of earnings that a company distributes to its shareholders in the form of dividends. By dividing the total dividends given out by the net income made, the computation is arrived at.

For dividend investors, the dividend payout ratio is a crucial indicator. It demonstrates how much of a company's earnings are distributed to investors. The higher that number, the less cash a corporation has left over to fund dividend growth and corporate expansion.

Companies with residual dividend policies priorities paying capital expenditures out of earnings. Any unused revenues are then used to pay dividends. Long-term debt and equity are often both parts of a company's capital structure.

To learn more about payout ratio refer to:

brainly.com/question/13083753

#SPJ4

6 0

1 year ago

Bramble Corporation factors $252,500 of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Kathl

attashe74 [19]

Answer:

Explanation:

Before passing the journal entry we have to do the calculations which is shown below:

The accounts receivable is $252,500

Financial charge = 2% of accounts receivable = $252,500 × 2% = $5,050

Recourse obligation fair value = $4,940

The loss on receivables sold would be = $5,050 + $4,940 = $9,990

Reserve amount = 4% of accounts receivable = $252,500 × 2% = $10,100

Now the journal entry would be shown below:

Cash A/c Dr $237,350

Reserve A/c Dr $10,100

Loss on receivables sold A/c Dr $9,990

To Recourse liability $4,940

To Accounts receivable $252,500

(Being the sale of receivables with recourse is recorded)

4 0

3 years ago

Suppose 5,000 discouraged workers begin to look for jobs. In this case the number of people in the work-eligible population will

antiseptic1488 [7]

Answer:

unchanged, higher

Explanation:

The discouraged workers are those workers who can do work but at current they are not employed and are not looking for the work or they are unemployed since long

In the given case, there are approximate 5,000 discouraged workers who are looking for job but the population would remain unchanged and the number of people in the labor force would be risen or high

6 0

3 years ago