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NARA [144]
3 years ago
15

What is the definition of liquidity?

Business
2 answers:
Rom4ik [11]3 years ago
5 0
The definition of liquidity is how easily an investment can be exchanged for cash. Hope this helps!
Goshia [24]3 years ago
4 0

The answer is<u> "how easily an investment can be exchanged for cash".</u>





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On December 31, 2018, AAA disposed an Equipment (Cost: $50,000, Salvage Value: $10,000, useful life: 4 years), which was purchas
levacccp [35]

Answer:

A Loss of $10,000

Explanation:

To calculate the depreciation using the straight line method.

Depreciation = Cost - Salvage value/ no. of years

   

       $50,000   -   $10,000/ 4 = $10,000

Annual depreciation now is:    $10,000

Net book Value (NBV) for the year of disposal i.e 2018 will be:

Cost - Accumulated Depreciation = NBV

$50,000 - $30,000 = $20,000

NBV is $20,000

but was sold for $10,000 which is a loss of $10,000

3 0
3 years ago
From the following particulars of Purple New Co., prepare the bank reconciliation statement as on May 31, 2016.
juin [17]

Answer:

Explanation:

Bank reconciliation statement:

Cash account balance $3950

Less: Deposit in transit ($900)

Less: Bank service charges ($75)

Add: Interest added to the checking account by the bank $150

Add: Checks outstanding $960

Less: Check drawn incorrectly charged by the bank ($85) [150-65]

Adjusted balance $4,000

5 0
3 years ago
Which describes a type of tax that funds city programs?
grin007 [14]

Answer:

local income tax

Explanation:

8 0
3 years ago
Break-Even Sales and Sales to Realize Operating Income For the current year ending December 31, McAdams Industries expects fixed
Ymorist [56]

Answer:

a.

Break even sales in units = 93000 Units

b.

Sales in units required for Target Income = 118000 units

Explanation:

a. Anticipated Break even sales in units

The break even in units is the number of units that a business must sell in order to for its total revenue to be equal to total costs and for it to break even. The break even in units is calculated as follows,

Break even in units = Fixed Costs / Contribution margin per unit

Where,

Contribution margin per unit = Selling price per unit - Variable cost per unit

Break even sales in units = 1860000 / (125 - 105)

Break even sales in units = 93000 Units

b. Operating income

To calculate the number of units required to earn a certain income or profit, we simply use the break even equation and add the income or profit amount required in the fixed cost. Thus the sales in units required to earn an operating income of $500000 is,

Sales in units required for Target Income = (1860000 + 500000) / (125 - 105)

Sales in units required for Target Income = 118000 units

3 0
2 years ago
A company purchased a tract of land for its natural resources at a cost of $1,981,300. it expects to mine 2,170,000 tons of ore
muminat

Answer: $0.79

Given:

C=Cost of the land: $1,981,300

S=Salvage value of the land: $267,000

N=Total number of ores mined= 2,170,000 tons

To get the depletion expense per ton of ore:

(C-S)/N

=($1,981,300-$267,000)/2,170,000

=1,714,300/2,170,000

=$0.79


6 0
3 years ago
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