Answer: $4,000,000
Explanation:
Based on the information given in the question, the value of this business at a 50% cost of capital will be calculated thus:
= Annual cash flow / Cost of capital
= $2,000,000 / 50%
= $2,000,000 / 0.5
= $4,000,000
Therefore, the value of the business is $4,000,000.
Answer:
auto pay takes money out automatically
Community college students can receive financial aid.
All other options are not true the term financial aid initially derived by the community colleges in order to provide funding to the students who cannot afford to study.
Answer:
The Cash Receipts Journal
The statement that is NOT true about posting the cash receipts journal information at the end of the month is:
b.Post the individual amounts from the General Credit column to the appropriate general ledger accounts.
Explanation:
A company's cash receipts journal is one of the specialized journals. It is exclusively used for recording only the cash inflows to the company during the period. All the cash inflows are initially recorded in this journal, where the transactions are analyzed in columns. At the end of the month, the reconciled totals from the amount columns are posted to the ledger. The columns maintained in the cash receipts journal include the general debit column, sales discount debit column, accounts receivable, sales, other accounts, and cost of goods sold/inventory columns.