Which of the following is NOT true of credit cards?

What does it mean that stocks and bonds are relatively liquid? a. They are easier to buy and sell than other forms of investment

Ksenya-84 [330]

Answer:

The answer is A.

Explanation:

They are easier to buy and sell than other forms of investment. When they say an asset is liquid, it means it can easily be turned or converted to cash. Liquid stocks and bonds are easier to sell and buy because they will be see a buyer and seller to pay in exchange for cash.

Illiquid means they are difficult to sell and buy or they are difficult to be converted to cash

8 0

3 years ago

Read 2 more answers

You are the manager of a firm that receives revenues of $40,000 per year from product X and $90,000 per year from product Y. The

Novosadov [1.4K]

Answer:

Have a good day today! You got this :)

7 0

2 years ago

In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: C

12345 [234]

Answer:

$4,400

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.

These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

The adjusted cash balance is the balance after all the transactions omitted from the cash balance have been considered.

Deposits in transit at month-end $ 1,900 - No adjustments required

Outstanding checks at month-end $ 570 - No adjustment required

Bank service charges $ 30 - To be deducted

EFT automatically deducted monthly, not yet recorded by Maxi $ 480 - To be deducted

An NSF check returned on a customer account $ 315 - To be deducted

Adjusted cash balance = $5,225 - $30 -$480 - $315

=$4400

3 0

2 years ago

. Doug purchased a new factory building on January 15, 1990, for $400,000. On March 1, 2017, the building was sold. Determine th

erma4kov [3.2K]

Answer:

e. None of the above

Explanation:

Purchase Value of Machinery = $4,000,000

Life of building = 30 years

Depreciation per year (assuming no 5% residual value)

= (4,000,000 - 200,000)/30

= $ 126,667

Dep. till December 31, 2016 = 126667*21 years

= $2,660,000

Dep. till March 1, 2017 from December 31, 2016

= (122667*2)/12

= $21,111

Total Dep. till March 1, 2017 = $2,660,000 + $21,111

= $ 2,681,111

Cost of recovery deduction = $4,000,000 - $2,681,111

= $ 1,318,889

Therefore, The cost recovery deduction for the year of the sale is $ 1,318,889

6 0

3 years ago

A company's income statement showed the following: net income, $149,000 and depreciation expense, $37,500. An examination of the

Vlada [557]

Answer:

$181,300

Explanation:

Net cash flow provided or used by operating activities is the net income plus depreciation since depreciation is not cash expense,plus the decrease in accounts receivable minus the increase in merchandise inventory plus the increase in accounts payable.

cash from operating activities=$149,000+$37,500+$11,900-$23,000+$5,900=$181,300

The cash flow provided by operating activities is $181,300

The increase in accounts payable was added because it represented cash saved by not paying accounts payable

5 0

2 years ago