Answer:
c. $1,900
Explanation:
As for the information provided, we have:
Retained Earnings opening balance = $2,500
Current year loss = $200
Balance of retained earnings after this = $2,500 - $200 = $2,300
Now, dividends are provided which shall be paid from retained earnings only.
Cash dividends are the one paid in cash.
Stock dividends are the ones which are paid by issue extra shares from retained earnings.
Thus, both are deductible from retained earnings.
Therefore, closing balance of retained earnings = $2,300 - $200 - $200 = $1,900.
Answer:
D) $17,500 gain.
Explanation:
Wells Company should record the following transactions:
- Dr Cash account 40,000
-
Dr Accumulated Depreciation Vehicles account 47,500
- Cr Vehicle account 70,000
- Cr Gain on Disposal account 17,500
$40,000 in cash was received and the accumulated depreciation balance should equal to zero, therefore they must be debited.
The vehicles account balance should equal zero and the rest is gain on disposal, therefore they must be credited.
The correct answer to this open question is the following.
Although there are no options attached, we can say the following.
As a database administrator, the data dimensions I would describe to top-level managers to obtain their support for data administration would be these.
First of all, the imperious necessity of protecting the information of the company and the clients'. Security comes first. Then the technological aspects to have modern equipment and software to facilitate the operations in the company. System DBA's are necessary to have applications that serve to merge old information into new databases without affecting the actual data. Then to have a proper cluster in which the company can manage different procedures such as finances, accounting, field operations, and more, knowing that data is properly stored and easily accessible.
Answer: 130 days
Explanation:
The Cash Conversion Cycle is a measure that attempts to show how many days on average it takes a company to convert resources into cash.
It is calculated with the following formula,
= Days of Inventory Outstanding + Days of Sales Outstanding - Days of Payables Outstanding
Where,
Days of Inventory Outstanding is the amount of days it takes to convert inventory to sales
Days of Sales Outstanding is the amount of time it takes debtors to pay the company for goods they bought and,
Days of Payables Outstanding is the time it took the company to pay for the goods it bought
Plugging in the figures we have,
= 100 + 60 - 30
= 130 days
The firm's cash conversion cycle is 130 days.
