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3 years ago

A company has the following loan activity—Additional loan from bank: $19,000; Ending cash

Business

1 answer:

Bingel [31]3 years ago

3 0

Answer:

Preliminary cash balance = - $13,400.

Explanation:

We know,

Cash at hand = Preliminary cash balance + Additional borrowings from bank.

Given,

Cash at hand = $5,600

Additional borrowings from bank = $19,000

Putting the values into the formula, we can get

Cash at hand = Preliminary cash balance + Additional borrowings from bank

Or, $5,600 = Preliminary cash balance + $19,000

Or, $5,600 - $19,000 = Preliminary cash balance

Or, Preliminary cash balance = - $13,400.

Therefore, the company had no cash at the beginning; rather, they had to use other people's money.

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Choose the circumstances in which a debit card can be used. I. Point-of-sales transactions II. ATM withdrawals

natulia [17]

Answer:

The correct options are I and II

Explanation:

A debit card is the kind of payment card, which deducts the money directly or straight away from the checking account of the customer in order to pay for the purchase.

These cards also referred to as the check cards, which offer the person , the convenience of the credit cards as well as many of the customer protections. So, it could be used when the person involve in withdrawal of money from ATM and at point of sale, where the transaction is finalized and the customer tenders the payment in exchange of the service or good.

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3 years ago

From April 2019 to July 2019, business inventories decreased by $ 2034 billion. *Real-time data provided by Federal Reserve Ec

olya-2409 [2.1K]

Answer:

Was higher.

Explanation:

We have to use a little bit of logci to answer this question, we just have to keep in mind that Aggregate expenditure is the cost of all of the products and services offered in a nation, so ig the business inventories, which are basically the inventories that the stores have, if this go down it means that previously produced goods and services are being sold, this increases the aggregate expenditure, and Gross domestic product is semi-stable, so aggreagate expenditure will be higher than GDP.

7 0

3 years ago

What are some ways to manage a stakeholder relationship closely? Give examples of how you might manage relationships differently

Ludmilka [50]

<span>Managing a relationship closely usually involves more time and communications. You might meet with the stakeholder more often or communicate in other ways. There are many ways to work with unique personalities. Some people need a lot of attention and small talk, while others prefer a more direct approach, for example.</span>

4 0

3 years ago

A company had a standard sales price of $1.79 per unit and expected to sell 10,000 units. Due to a downturn in the economy, the

Sloan [31]

Answer:

Sales price variance = $1,900.

Explanation:

We know,

Sales price variance = (Standard sales price - Actual sales price) × Actual sales quantity

Given,

Standard sales price = $1.79 per unit.

Actual sales price = $1.59 per unit.

Actual sales quantity = 9,500 units.

Putting the values into the formula, we can get

Sales price variance = (Standard sales price - Actual sales price) × Actual sales quantity

or, Sales price variance = ($1.79 - $1.59) × 9,500

or, Sales price variance = $0.2 × 9,500

or, Sales price variance = $1,900.

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3 years ago

Which recent president raised taxes when the income tax share of gdp was very low?

alexira [117]

George H.W. Bush firmly said, "Read my lips: no new taxes."

He would continue to be troubled by the words. The top tax rate was increased from 28% under Ronald Reagan to 31% by the Omnibus Budget Reconciliation Act of 1990.

What is Tax??

In order to ensure that taxpayers are paying the proper amount of tax at the proper time and obtaining the proper tax allowances and tax reliefs, tax compliance refers to both policy actions and individual behaviour. A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (A person or legal entity) is used by a government organisation to pay for government expenses and other public expenditures (regional, local, or national). Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt. Non-compliance with the law includes failing to pay on time as well as evading or resisting taxation. Taxes can be paid in cash or in the labour equivalent and can be either direct or indirect.

To learn more about Tax

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2 years ago