All categories

2 years ago

What's the difference between current balance and available balance?

1 answer:

5 0

Your current balance<span> is the amount of money in your account at the beginning of a business day. This amount does not include any pending deposits or withdrawals. Your </span>available balance<span> is your </span>current balance<span> minus any pending debit card purchases, automatic drafts, processing checks or other debits from your account</span>

You might be interested in

Claxton Company purchased a van on January 1, 2018, for $820,000. The estimated life of the van was five years, and its estim

vaieri [72.5K]

Answer:

The depreciation expense for 2020 is $215,100

Explanation:

Given

Claxton Company purchased a van on January 1, 2018, for $820,000.

Useful life = 5 years

Residual value = $103,000

Annual depreciation = ($820,000- $103,000)/5

= $717,000/5

= $143,400

At the beginning of 2020, the asset would have been depreciated for 2 years (2018 and 2019)

Net book value = $820,000 - 2($143,400)

= $533,200

Since the residual value remains the same after a revision of the estimated useful life from 5 years to 4 years

The asset would only have 2 years left for depreciation.

Annual depreciation = ($533,200 - $103,000)/2

= $430,200/2

= $215,100

5 0

2 years ago

On January 1 of the current year, Barton Corporation issued 10% bonds with a face value of $200,000. The bonds are sold for $191

Verdich [7]

Answer:

a. $21,800

Explanation:

The discoun of issuance of the bond is amortized over the period until maturity. Total Interest expesne on a discounted bond is the sum of the coupon payment and the amortization of the discount amount.

Coupon payment = $200,000 x 10% = $20,000 per year

Discount on the bond = $200,000 - $191,000 = $9,000

Discount amotized per year = $9,000 / 5 = $1,800

Total Interest Expense = Coupon Payment + Amortization of Discount

Total Interest Expense = 20,000 + 1800 = $21,800

5 0

2 years ago

Suppose in its income statement for the year ended June 30, 2017, The Clorox Company reported the following condensed data (doll

Leviafan [203]

The answer & explanation for this question is given in the attachment below.

5 0

2 years ago

Lamar Company is considering a project that would have an eight-year life and require a $2,400,000 investment in equipment. At t

Arada [10]

$Paybackperiod=Intial investment / Net annual cash inflow$

project's payback period is 4.5 years.

<h3>What is net operating income?</h3>

Before deducting any expenditures for financing or taxes, net operational income assesses the profitability of an income-producing asset.
Subtract all property-related running costs from all income earned at the property to arrive at NOI.
A property owner can manipulate the operational expenditures included in the NOI statistic by delaying or accelerating particular revenue or expense elements.
Capital expenses are excluded from the NOI statistic.
A property owner can use NOI to determine whether the cost of owning and maintaining a property outweighs the benefits of renting it out.

To learn more about net operating income, refer to the following link:

brainly.com/question/15834358

#SPJ4

5 0

1 year ago

Any contract, whether it is for the sale of real estate or some other entity, must contain five basic elements. However, any con

Alexandra [31]

Answer:

Explanation:

7 0

2 years ago