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3 years ago

What type of account typically has very high liquidity, low or no interest, and low minimum balance?

1 answer:

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Checking account fit the description above. Checking account gives the owner unrestricted access to his account but have no or low interest rate.<span />

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Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $26,000. Budgeted cash receipts tota

aliya0001 [1]

Answer:

Calculations below

Explanation:

beginning cash balance $ 26,000

Add; Cash receipts $ 105,000

Total cash available $ 131,000

Less: Cash disbursments $ (94,000)

Excess (Deficieny) of cash available over disbursments $ 37,000

Borrowings ($70,000-$37,000) $ 33,000

Ending cash balance $ 70,000

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3 years ago

Read 2 more answers

Wrangler Western has some of its jeans stone-washed under a contract with an independent contractor, Almos Garment Corp. If Almo

Novay_Z [31]

Answer:

The present of worth of machine operating cost is $ 228,061.55

Explanation:

In calculating the present worth of the machine operating cost,I grew the cost of $34000 per year from year 3 onwards by 6% , thereafter I discounted the increased machine operating cost with the applicable discount factor in each year as shown in the attached spreadsheet.

Download xlsx

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3 years ago

An existing partner wants to contribute property having a basis less than its FMV for an additional interest in a partnership. a

tino4ka555 [31]

Answer:

He should not contribute the property to the partnership.

Explanation:

There is an ensuing loss if the partner contributes the property to the partnership instead of a gain. Partnerships recognize the basis of contributed capital. They usually compare the fair market value with the book value to determine if a loss has been incurred or a gain made. However, the tax consequences of the contributed property will be allocated to the partner making the property contribution.

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3 years ago

Scilla [17]

Answer: It is A. Accounts Receivable.

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2 years ago

Refer to Pure Training, Inc. If clients (the business owners) were asking for workshops to allow their customers to listen to au

Alexandra [31]

Answer: Podcast

Explanation: In simple words, podcast refers to a digital audio file that is uploaded on the internet and can be easily downloaded through a computer or mobile device.

A podcast is used for many purposes like for reading of novels or for educational seminars etc. Sometimes companies also use podcast for advertisements or promotional purposes when the target audience is low in volume and mass media mediums are of no use.

Hence from the above we can conclude that the correct option is B.

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3 years ago