All cheques are bills but all bills are not cheque.
This is correct statement because both cheque and bill are piece of paper which displays money which is to be paid to someone.
A bill is a document which is drawn on any person and there is no name on the bill whereas cheque is a document which is drawn on the payee name only.
Both of these are documents which are used to pay the amount to someone.
A cheque can be drawn payable on demand while bill is drawn on expiry of certain period.
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Answer and Explanation:
The preparation of the stockholder equity section is presented below:
Tandy Company
Balance Sheet (Partial)
Stockholders Equity :
Contributed Capital :
Common stock (21,900 shares × $6) $131,400
Preferred stock (5,000 shares × $13) $65,000
Additional Paid in Capital - Common stock (21,900 shares × $20) $438,000
Additional Paid in Capital - Preferred stock (5,000 shares × $17) $85,000
Total Contributed Capital $719,400
Add: Retained Earnings $41,600
Total Stockholders Equity $761,000
Answer: Option A
Explanation:
In Europe during the recession the policy rate of the banks like LIBOR and EURIBOR etc were already very close to zero so unlike United states of america they were not able to decrease the rate further. The monetary policy of Europian banks and authorities saw a major failure in that period.
You should prioritize your first customer since they are entitled with your full attention being the one who availed your service first. You can ask the second customer if she can wait. But if the second customer would be so persistent, you can ask permission from the first customer if she is not in a hurry and that you would entertain the second customer first.
Answer:
The firm’s cash flow (CF) due to financing activities in the second year is - $450 million
Explanation:
As we know that,
Net increase in cash = Operating activity - investing activity - financing activity
where,
Net increase in cash = Ending balance of second year - ending balance of first year
= $280 million - $200 million
= $80 million
The other items values would remain the same
Now put these values to the above formula
So, the value would equal to
$80 million = $1,170 million - $640 million + financing activity
$80 million = $530 + financing activity
So, financing activity = $80 million - $530 million
= - $450 million
