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3 years ago

Which will help you make the most money without having to work for it? *

1 answer:

5 0

People use banks to keep their money safe, but they also use banks to earn even more money. They usesavings accounts, which banks set up for you so you can save your money. So how do you make moneythrough a bank? The good ... in your account. Money moving to a bank as a deposit and coming out asinterest.

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Nash Incorporated factored $156,000 of accounts receivable with Crane Factors Inc. on a without-recourse basis. Crane assesses a

ella [17]

Answer:

Nash Incorporated,

Dr Cash $143,520

Dr Due from Factor $9,360

Dr Loss on Sale of Receivables $3,120

Cr Accounts Receivable $156,000

Crane Factors

Dr Accounts Receivable $156,000,

Cr Due to Customer Nash $9,360

Cr Interest Revenue $3,120

Cr Cash $143,520

Explanation:

Preparation of the journal entry for Nash Incorporated and Crane Factors to record the factoring of the accounts receivable to Crane.

Nash Incorporated,

Dr Cash $143,520

($156,000-$9,360-$3,120)

Dr Due from Factor $9,360

(6%*$156,000)

Dr Loss on Sale of Receivables $3,120

(2%*156,000)

Cr Accounts Receivable $156,000,

Crane Factors

Dr Accounts Receivable $156,000,

Cr Due to Customer Nash $9,360

(6%*$156,000)

Cr Interest Revenue $3,120

(2%*156,000),

Cr Cash $143,520

($156,000-$9,360-$3,120)

8 0

3 years ago

If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in

goldenfox [79]

I believe the answer would be A.

7 0

4 years ago

PROBLEMThe PQ partnership has the following plan for the distribution of partnership net income (loss):P QSalaries $60,000 $100,

Yanka [14]

Answer:

1. P = $156,560; Q = $203,440

2. P = $90,320; Q = 149,680

3. P = -$43,500; Q = $3,500

Explanation:

The explanation is given in images for each situation:

3 0

3 years ago

If Ford Motor Company builds a new auto plant in South Africa this is considered to be

Irina-Kira [14]

Group of options omitted and they are

a) brownfield investment only

b) brownfield and horizontal investment

c) greenfield and horizontal investment

d) greenfield and vertical investmen

Answer:c) greenfield and horizontal investment

Explanation:

A green-field investment is foreign direct investment whereby a parent company establishes a new subsidiary in a different or foreign country, starting its operations from the scratch, ie building the establishment from ground up and not buying an already existing plant or structure..

By horizontal direct investment , it means that the investor establishes the same type of operation in a different country as it operates in its home country, for example, Ford Motor Company based in the United States building a new auto plant in South Africa.

7 0

3 years ago

The following statements provide some analysis of policy regarding the global financial crisis of the late 2000s. Categorize eac

alexandr402 [8]

Answer:

Positive statement

normative statement

Explanation:

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.

For example, the statement - the lack of effective regulation contributed to a risk-seeking culture in the financial services industry- can be test empirically

Normative economics is based value judgements, opinions and perspectives. For example, the statement - Central banks should have imposed tighter regulations on banks to prevent the financial crisis- is based on opinion. Everyone would have an opinion on what the Central bank should have done

5 0

3 years ago