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wariber [46]
2 years ago
15

You can actually give yourself a raise by increasing the flow of money into your own account and decreasing the money flowing ou

t.true or false?
Business
1 answer:
Nookie1986 [14]2 years ago
4 0

Answer:

True

Explanation:

If more money is coming into your account as compared to going out then you are in "positive cash flow". This means that you are in a situation where you can easily pay your bills and also save some money which is good.

If less money is coming into your account as compared to going out then you are in "negative cash flow". This means that you are in a situation where it is very diificult for you to cover your bills and you need more money to survive.

To conclude, the statement is true that you can give yourself a raise by increasing the flow of money into your account and decreasing the out flow.

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Exercise 5-12 Presented below is the trial balance of Larkspur Corporation at December 31, 2017. Debit Credit Cash $ 200,490 Sal
shutvik [7]

Answer:

       2017 Balance Sheet

$1,368,060  TOTAL CURRENT ASSETS  

$2,637,630  TOTAL NONCURRENT ASSETS  

$4,005,690  TOTAL ASSETS  

   $792,730  TOTAL CURRENT LIABILITIES  

$1,906,980  TOTAL NONCURRENT LIABILITIES  

$2,699,710  TOTAL LIABILITIES  

$1,305,980  TOTAL EQUITY  

$4,005,690  TOTAL EQUITY + LIABILITIES  

Explanation:

Liquidity it's define as the speed of an assets to be converted to cash,

the assets that take less days to buy or to sold are more liquid than others.

Cash it's the assets most liquid then are the Accounts Receivables and Inventories for last, in the middle exist different assets as Equity investments.

Prepaid expenses are not liquid because these accounts doesn't means the company could get cash if not that the company have  rights over something.

      2017 Balance Sheet

$200,490 Cash

$157,080 Debt Investments  

$410,000 Accounts Receivable

$600,490 Inventory

$1,368,060  TOTAL CURRENT ASSETS  

$264,080 Land

$604,080 Equipment

-$60,000 Accum Depreciation

$1,043,490 Buildings

-$152,000 Accum Depreciation

$195,000 Patents

$280,490 Equity  Investments  

$160,000 Other Assets Intangibles

$302,490 Debt Investments  

$2,637,630  TOTAL NONCURRENT ASSETS  

$4,005,690  TOTAL ASSETS  

$459,080  Accounts Payable  

$94,080   Notes Payable  

$100,080  Accrued Liabilities  

$139,490  Dividends Payable  

$792,730  TOTAL CURRENT LIABILITIES  

$903,490  Notes Payable  

$1,003,490  Bond Payable  

$1,906,980  TOTAL NONCURRENT LIABILITIES  

$2,699,710  TOTAL LIABILITIES  

$1,004,080  Common Stock  

-$195,080  Treasury Stocks  

$83,490    Paid in Capital  

$413,490  Retained Earnings  

$1,305,980  TOTAL EQUITY  

$4,005,690  TOTAL EQUITY + LIABILITIES  

Income Statement  

Sales                         $8,104,080  

Depreciation           -$4,800,000  

MARGEN BRUTO   $3,304,080  

Selling Expenses     -$2,004,080  

Adm Expenses            -$901,820  

Interest Expenses         -$212,820  

Income Statement         $185,360  

Investment Revenue        $64,820  

Gain                                 $81,820  

3 0
3 years ago
Carow Corporation purchased on January 1, 2020, as a held-to-maturity investment, $60,000 of the 8%, 5-year bonds of Harrison, I
tigry1 [53]

Answer:

Entries are given below

Explanation:

Requirement A.

On January 1, 2020 Carrow purchased held to maturity investment, $60,000 of the 8% 5year bonds of Harrison, Inc for $65,118

Entry                                                DEBIT   CREDIT

Held-to-maturity securities            $65,118

cash                                                                $65,118

Requirement B.

The receipt of semiannual interest and premium amortization

Entry                                                DEBIT   CREDIT

cash (60,000 x 8% x 6/12)             $2,400  

held to maturity sercurities                            $446

interest revenue(65,118 x.6% x6/12)             $1,954

6 0
3 years ago
NEED HELP. Put them in order by number
MAXImum [283]

I believe it is the following:

4

1

5

2

3



4 0
3 years ago
Which environment is not an important dimension of a business organization's external environment?
timofeeve [1]

Answer: d. the corporate culture envrionment

Explanation:

5 0
3 years ago
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual
11Alexandr11 [23.1K]

Answer:

                                                 LEWIS Co.

                           Flexible budget performance report

                                     For month ended May 31

                               Flexible budget  Actual results  Variances    Result

Sales                        $420,000           $435,000        $15,000         Fav

                                (1400*$300)

Variable expense    $168,000           $172,000           $4,000         Unfav

                                (1400*$120)

Contr. margin          $252,000          $263,000         $11,000         Fav

Fixed cost                $125,000            $122,000          $3,000          Fav

Net Income             $127,000            $141,000          $14,000         Fav

7 0
3 years ago
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