Answer:
Cash Received during the period = $155200
Explanation:
The amount of receipts or cash received during the period can be calculated using the following formula.
Cash Received = Closing Balance + Cash Disbursements - Opening Balance
Cash Received = 67200 + 128000 - 40000
Cash Received = $155200
So, the cash receipts during the period are $155200.
In this instance, Xavier and Shawn are general partners. In this arrangement, all partners are equally responsible for the business, meaning they are both liable for any financial loss. LLC would protect their personal assets from this type of claim. Obviously, this isn't a sole proprietorship because there is more than one owner.
Answer:
Money available for loans is $18,750
Explanation:
The formula for calculating the total amount of money a bank can loan is:
money available for loans = (1 - required reserve ratio) x total deposits
money available for loans = (1 - 25%) x $25,000 = 75% x $25,000 = $18,750
Answer:
98,760 Czech korunas for 6,000 Singapore dollars
Explanation:
For computing the number of Koruna she is able to exchange first we have to determine the Singapore dollar exchange rate in Czech koruna which is
= Singapore dollar exchange rate ÷ Czech exchange rate
= 0.790 ÷ 0.048
= 16.46
And, there are 6,000 Singapore dollars in her pocket
So, the number of Koruna she is able to exchange is
= 16.46 × 6,000 Singapore dollars
= 98,760 Czech korunas for 6,000 Singapore dollars
Answer:
no problem
Explanation:
why should I subscribe it if I DNT want
