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amid [387]
3 years ago
7

Which ONE of the following is NOT a characteristic of equity financing? Group of answer choices A right to share in the profits

of the business A right to share in any remaining resources when the business is terminated A right to force the business into bankruptcy if dividends are not paid A right to have a say in the affairs of the business
Business
1 answer:
blsea [12.9K]3 years ago
4 0

Answer:

A right to force the business into bankruptcy if dividends are not paid.

Explanation:

These are the characteristics of Equity Financing:

-Maturity. Equity funding does not need to be repaid.

-Claim on income. At management´s discretion and if the company is profitable, shareholders may receive dividends after creditors have been paid.

-Claim on assets. Shareholders have claims only after the firm satisfies claims of lenders.

-Influence over management. As owner of the company, shareholders can vote on some aspects of corporate operations, although in practice only large shareholders have much influence. Private equity holders can have considerable influence.

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Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106);
GuDViN [60]

Answer:

Eric Pense Journal Entries:

a. Dr Cash$23,000

Dr Office Equipment12,000

Cr Pense, Capital$35,000

b. Dr Land $8,000

Dr Building $33,000

Cr Cash$15,000

Cr Notes payable$26,000

c.Dr Supplies 600

Cr Accounts payable$600

d.Dr Automobile$7,000

Cr Capital$7,000

e.Dr Office Equipment$1,100

Cr Accounts payable$1,100

f.Dr Salary $800

Cr Cash$800

g.Dr Cash$2,700

Cr Fees Earned$2,700

h. Dr Utilities Expense$430

Cr Cash$430

i.Dr Account payable$600

Cr Cash$600

J. Dr Office Equipment $4,000

Cr Cash$4,000

k. Dr Accounts receivables$2,400

Cr Fees Earned$2,400

l. Dr Salary$800

Cr Cash$800

m. Dr Cash$1,000

Cr Accounts Receivable$1,000

n.Dr Pense, Withdrawal$1,050

Cr Cash$1,050

Explanation:

8 0
3 years ago
A deposit of $1000 at 4% interest compounded continuously will grow to v(t) = 1000 e^0.04 dollars after t year. Find the average
elixir [45]

Answer: 20,816.215

Explanation:

Given that:

A deposit of $1000 at 4% interest compounding is defined by the growth function:

v(t) = 1000e^0.04t

Where t = number of years.

Find the average value during the first 40 years (that is, from time 0 to time 40.)

(That is t = 0,...,40)

For ease, we can use a python list comprehension to get our values.

v = [1000*2.7182818**0.04*t for t in range(41)]

V gives a list of the value of the deposit from year 0 till 40 years after the deposit.

Average = sum of compounding deposits / number of years

Sum of compounding deposits = sum(v) = $853464.8344

Number of years = len(v) = 41

Hence, average = $853464.8344 / 41

Average = $20,816.215

6 0
3 years ago
A company had net income of $210600. Depreciation expense is $27000. During the year, Accounts Receivable and Inventory increase
ANTONII [103]

Answer: The amount of cash provided by operating activities is $179,600.

Explanation:

<u>Statement of cash flows for the company</u>

Net income                                                            $210,600

Add Depreciation expense                                      27,000

Add Loss on sale of equipment                                  1,800

Increase in Accounts receivable                             (16,900)  

Increase in Inventory                                                (41,700)

Decrease in Prepaid expenses                                   5,000

Decrease in Accounts payable                                  (6,200)

Cash flows fron operating activities                   $179,600

7 0
2 years ago
List at least Two functional digital wallet
Ainat [17]
‏,digital wallet, mobile wallet, and e-wallet credit cards, debit cards, gift cards, electronic cash, tickets, and IDs. Not every wallet stores every type of payment information

I’m not sure.. hope it’s correct!
8 0
3 years ago
Read 2 more answers
Jamal tried to apply for a mortgage. However, he was turned down for the loan because the loan officer noticed that he had made
tino4ka555 [31]

Answer:

The two questions that he must ask from himself are:

  • Do you have credit report?
  • Do you have good credit score?

Explanation:

The reason is that the banks are giving you money and are worried about whether or not you are going to pay them back or not. So they require some evidences whether the person has any credit report and good credit score which shows that the person will be worried to pay the bank and if he is not able to pay he find alternative as he is a responsible person. So these two questions assesses whether the person is capable to pay the mortgage.

7 0
3 years ago
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