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4 years ago

What type of bank risk would worry you the most as an account holder? How should the bank protect itself gassing that risk?

1 answer:

7 0

Maybe a money market account because once you put your money in there you can't touch it or you'll half to pay a fee but if you need it and that's what you half to do them you gotta do it. But saving it up and not touching could be really great.

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Mouse Inc. received a $2,500 prepayment of rent from one of its tenants and immediately credited the Rent revenue account. By th

Elan Coil [88]

Answer:

C. A Debit Rent revenue for $500.

Explanation:

The journal entry for receiving cash in advance is shown below:

Cash Dr $2,500

To Unearned rent revenue $2,500

(Being the advance cash collected)

But for recognize the revenue, i.e earned from rent, the entry is

Rent revenue Dr $500

To unearned rent revenue $500

(Being the unearned rent revenue is recorded)

Hence, the correct option is C.

5 0

3 years ago

Tamarisk Corporation had the following 2020 income statement. Sales revenue $189,000 Cost of goods sold 129,000 Gross profit 60,

densk [106]

Answer:

Kindly check attached picture for Tamarisk Corporation Statement Of Income 2020 (indirect method)

6 0

3 years ago

In year 1, Maxim sold investment land with a tax basis of $77,000. Payment consisted of $10,000 cash down and the purchaser's no

ASHA 777 [7]

Answer:

a) Realized gain on the sale of land = Selling price – tax basis

=> $100,000 - $77,000 = $23,000

b) Gross profit percentage as per instalment sale method = Gross profit / Sales

=> $23,000/$100,000 = 0.23 or 23%

c) Recognized gain under instalment sale method = Cash collection x gross profit percentage

Year 1 => $10,000 x 23% = $2,300

Year 2 => $45,000 x 23% = $10,350

Year 3 => $45,000 x 23% = $10,350

5 0

3 years ago

The table shows a point-based grading system.

Ilia_Sergeevich [38]

Answer:

ITS 2.9

Explanation:

i did the test

6 0

3 years ago

Read 2 more answers

In Crane Company, land decreased $154000 because of a cash sale for $154000, the equipment account increased $55000 as a result

Naya [18.7K]

Option (B) The net cash provided by investing activities is $99000 is correct.

On a company's financial statements, net cash is a sum that is given.
It is determined by deducting a company's total cash from its total liabilities.
When assessing the cash flows of a corporation, the net cash figure is frequently utilized.

The net balance of money coming into and going out of a business at a particular period is referred to as cash flow.
A firm constantly receives and expends cash.
For instance, when a retailer buys merchandise, money leaves the company and goes to its suppliers.

<h3>Calculation of Net cash provided by investing activities:</h3>

Net cash provided by investing activities = land ($154000 cash inflow) - equipment purchase ($55000 cash outflow) = $99000

Hence, The net cash provided by investing activities is $99000.

Learn more about cash flow here:

brainly.com/question/18301012

#SPJ4

5 0

2 years ago