Answer:
The $30,000 will be posted to the debit side of the Cash account
The $30,000 will be posted to the credit side of the Common Stock account
Explanation:
The journal entry is shown below:
Cash A/c Dr $30,000
To Common stock A/c $30,000
(Being the cash is invested)
We simply debited the cash account and credited the capital account for $30,000 so that the correct posting can be done. So while preparing the ledger accounts we post the amount to the debit side of the cash account and credit side of the common stock account
Answer:
Financial flow
Explanation:
A supply chain in an organization consists of the integrated processes involved as raw materials obtained from suppliers move to the production stage, and then to the stage where they are distributed to customers.
There are three supply chain management flows which are; product flow, <u>financial flow</u> and, information flow.
Information such as payment schedules, ownership of products and materials and consignment are contained in the <u>financial flow</u>.
Answer:
new pretax net interest income = $300,000
Explanation:
given data
interest rate spread = 150 basis points
interest bearing liabilities = $30 million
to find out
bank's new pretax net interest income will be
solution
we will get bank's new pretax net interest income that will be express as
new pretax net interest income = $30 million × ( 1.5 % - 0.5 % ) ...............1
solve it and we get
new pretax net interest income = $30 million × ( 1.5 % - 0.5 % )
new pretax net interest income = $30,000,000 × ( 1 % )
new pretax net interest income = $300,000
