Answer:
it can help get the job done in a timely manner
Explanation:
Answer:
the money owed then is 39000
Answer:
Debit Cash $2.02 million; Credit Other financing sources
Explanation:
If Sugar City issued $2 million of bonds to fund the construction of a new city office building, and the bonds were sold at 101. The entries that should be made in the capital projects fund to record this event is: Debit Cash $2.02 million; Credit Other financing sources.
Sugar City practices governmental or public sector accounting which is a bit different from private sector accounting where the credit would have been treated differently.
Since this is a project and no encumbrance has been made against fund balance, and the cash is coming in from fresh issue of bond; the entry would be a debit to cash for the receipt and a credit to 'other financing sources'
Answer:
Dealers profit comes from the spread primarily. Spread is the differential amount between buying and selling.
Explanation:
Let us assume the price of security X is USD 100 (last trade price)
A dealer will purchase this security at discounted price from the investor say USD 99 and will sell the same security in the market at USD 100, thus earning spread.
Further being market markers, dealers often use multiple strategies to prop up the price of particular security and earn gains on inventory held.
A casualty loss is a kind of tax loss that is an unexpected, unforeseen, or unusual event. This is computed by:Lesser of adjusted basis or decline in value (repair cost) less insurance reimbursement(Lesser of $2,500 or $2,000 is $2,000 - $700 = $1,300)