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Mrrafil [7]
3 years ago
14

What’s one difference between a checking account and a savings account

Business
1 answer:
lutik1710 [3]3 years ago
6 0
A checking account starts building credit
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Paper Co. had net income of $70,000 during the year. The dividend payment was $10,000. The following information is available: M
Zina [86]

Answer:

net cash from operating activities = $0

Explanation:

given data

net income = $70,000

dividend payment = $10,000

Mortgage repayment = $20,000

Available-for-sale securities purchased = 10,000 increase

Bonds payable  = 50,000 increase

Inventory = 40,000 increase

Accounts payable = 30,000 decrease

solution

we get here net cash from operating activities that is express as

net cash from operating activities = net income - inventory increase - accounts payable decrease   .......................1

put here value

net cash from operating activities = $70,000 - $40,000 - $30,000

net cash from operating activities = $0

because

  • Dividend payments, repayment (mortgage) and debt issuance (bond) financing activities. The purchase of debt or equity instruments (securities available for sale) is an investment activity.
  • Operating Cash Flow Investing cash flow excludes this financing. Further, these factors do not affect net income. Consequently, net cash provided by operating activities can be determined by adjusting net income payable in inventory and accounts.
  • To differentiate between the cost of goods sold (deducted from income) and cash payments to suppliers, a two-step adjustment is required. The change in inventory is the difference between the prices of goods sold and purchased.
  • The difference between the amount payable to buyers and suppliers is the change in accounts payable. Accordingly, an increase in inventories and a reduction in accounts payable is required to change the cost of goods sold to cash paid to suppliers.

3 0
4 years ago
An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong, the investment will result
mixer [17]

Answer:

6,000

Explanation:

The expected value from this investment can be calculated by possible values for random variables by multiplying them by their probability

DATA

Strong  = 30,000   , probability = 30%

Moderate = 10,000 , probability = 60%

Weak = -30,000 , probability = 10%

Calculation

Expected profit = Values x Probability

Expected profit = (30,000 x 30%) + (10,000 x 60%) + ( 30,000 x 10%)

Expected profit = 6,000 + 6,000 -6,000

Expected profit = 6,000

7 0
4 years ago
Identify one way in which setting a goal can help a person budget<br> more effectively.
Bond [772]
Like I’m going to increase my production by 100%
5 0
3 years ago
Account Balances
Mashutka [201]

If a person write a check for $759 to make a payment on a loan, then the account balance would be changed as in the balance sheet of the person.

<h3>What is account balance?</h3>

An Account balance is limited as the amount of monetary system that is hold in a specific account in the bank account or in any another account.

From the given case, if a person make a payment of loan, then the account balance would be:

Assets = $36,767 ($37,526 – $759)

Liabilities = $12,086 ($12,845  -$759)

Equity = $32,500

Therefore, the balance of Equity remains unaffected by the payment of loan.

Learn more about the loan, refer to;

brainly.com/question/11794123

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6 0
2 years ago
Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers. true or false
musickatia [10]

Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers. This statement is true.

<h3>What is Partnership?</h3>
  • In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
  • Organizations may work together to expand their reach and increase the likelihood that each will succeed in reaching their goals.
  • A partnership may solely be controlled by a contract, or it may issue and hold stock. Business: Two or more businesses collaborate in a joint venture, a buyer-supplier arrangement, a strategic alliance, or a consortium to: I work on a project (such as an industrial or research project) that would be too difficult or risky for a single entity; and (ii) join forces to have a stronger position on the market.

To learn more about partnership with the given link

brainly.com/question/19988417

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5 0
2 years ago
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