Answer:
A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay debt when due.
Explanation:
Solvency is defined as the long-term ability of a business the generate enough cash flow that will allow it to continue its operations and also to pay of its debt when due.
It is used as a measure of the financial health of the business.
A business with good solvency has a high probability of remaining in operation for the foreseeable future.
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Answer:
Total cash collection= $53,000
Explanation:
Giving the following information:
Sales:
February $60,000
March $50,000.
Cash:
40% of the sales are in cash.
Credit sales:
50% in the month of sale
50% in the next month
<u>Cash receipts March:</u>
Sales in cash March= (50,000*0.4)= 20,000
Sales on account March= (50,000*0.6)*0.5= 15,000
Sales on Account February= (60,000*0.6)*0.5= 18,000
Total cash collection= $53,000
Answer:
The answer is option (a)=$50
Explanation:
Basis of the 50 shares Melonie purchased can be described as its value;
Value of shares purchased on August 3, 2017=(value per share×number of shares)
August 3, 2017 value=(6×100)=$600
Value of shares sold on December 18, 2018=(100×4)=$400
Balance of shares=0
Value balance after sale=(400-600)=-200, she went on a loss of $200
January 5, 2019 purchase 50 shares at 5 dollars each
Total value=(50×5)=250
Total value she has by January 5, 2019=250+(-200)=50
Basis of the 50 shares she has=$50
Answer:
E) Debit Accounts Receivable, $1,800; credit Legal Fees Revenue, $1,800
Explanation:
The Journal Entry is as follows :-
Accounts Receivable Dr, $1,800
To Legal fees revenues $1,800
(Being the billing is recorded)
Therefore for passing the journal entry, we debited the Accounts Receivable $1,800 with the credited Legal fees revenues $1,800 so that the proper posting can be done.
