Past experiences current experiences. ur brain
Answer: A. No, because he is taking out more debt then he will ever be able to pay back.
Explanation:
Getting the finance to foot one's bills could come from many different sources, one of which is to put in for a loan. However, the advice to secure a loan might best be given by a finance expert who has the knowledge and expertise required to adequately access the value of the loan, the probable return on investment and ayher embedded considerations. In the scenario given above, taking out a loan of up to $100,000 in other to target the job of finally landing a teaching job at a nursery school which would on average return a meagre pay than cannot be pitted with the loan value would be considered unreasonable on average by a finance professional simply because the return on investment will probably be nothing near the value of the loan. This way, the debt incurred from due to the loan application may never be returned from the intended job.
Answer:
Dr. Depreciation Expense Account $8,200
Cr. Accumulated Depreciation $8,200
Explanation:
Depreciation is the expense that is charged from the fixed assets to the revenue. All the depreciation of the fixed asset are accumulated in a account of accumulated depreciation, which is contra asset account. the assets are reported on the balance sheet net of accumulated depreciation.
Answer:
$37,000,000
Explanation:
When you are preparing a statement of cash flows, you start with net income and then make all necessary adjustments that include any changes in accounts receivables.
Cash flow from operating activities:
Net income $66,000,000
Adjustments to net income:
Increase in accounts receivable <u>($29,000,000)</u>
Net cash flows from operating activities $37,000,000
Answer:
A) is used to determine minimum legal capital balances at issuance
Explanation:
The par value of stock represents the minimum amount that must be paid per share. Par value is also referred as the Face Value or Nominal Value of common stock. The Par Value of common stock is derived by Par value per share * No. of Issued Shares.
