All categories

3 years ago

Which type of account is typically the most liquid

Business

1 answer:

timurjin [86]3 years ago

5 0

<span>Checking account
Savings account
Certificate of Deposit
<span>Exchange Traded Fund</span></span>

You might be interested in

Antone Company sells office equipment on July 31, 2017, for $21,000 cash. The office equipment originally cost $72,000 and as of

Lynna [10]

Answer:

(a) update depreciation to July 31, 2017

Depreciation - Profit and Loss $4,600 (debit)

Accumulated Depreciation - Statement of Financial Position $4,600 (credit)

(b) record the sale of the equipment

Cash $21,000 (debit)

Accumulated Depreciation $ 46,600 (debit)

Loss on Sale of Equipment $4,400 (debit)

Office Equipment $72,000 (credit)

Explanation:

(a) update depreciation to July 31, 2017

Recognise an Expense - Depreciation in Income Statement

(b) record the sale of the equipment

De-recognise the Office Equipment at Cost

De-recognise the Total Accumulated depreciation of equipment to date

Recognise the Cash asset received at Sale of Office Equipment

Recognise the Loss arising from Sale of Equipment in Income Statement

8 0

3 years ago

Which economic indicator would be most useful for figuring out how much something you bought today cost 10 years ago?

abruzzese [7]

Answer:

Consumer Price Index

Explanation:

The consumer Price Index is the variation on prices of goods and services during a period. It is related to inflation that shows how the power of acquisition of the money decreases in the time.

7 0

3 years ago

Nachman Industries just paid a dividend of D 0 = $1.32. Analysts expect the company's dividend to grow by 30% this year, by 10%

xxTIMURxx [149]

Answer:

45.011

Explanation:

The current market value of a share is the present value of future dividends in perpetuity, discounted at the cost of equity (i.e. the return required by the providers of equity capital).

Based on the above discussion the share price shall be calculated as:

Present value of year 1 dividend=1.72(1+9%)^-1=1.58

(1.32*1.30=1.72)

Present value of year 2 dividend=1.89(1+9%)^-2=1.591

(1.72*1.10=1.89)

Present value of year 3 dividend=1.98(1+5%)^-3=1.71

(1.89*1.05=1.98)

Present value of all dividends after year 3=(d(1+g)/ke-g)(1+ke)^-3=(1.98(1+5%)/9%-5%)(1+9%)^-3=40.13

Current market value of share=45.011

(1.58+1.591+1.71+40.13)

3 0

4 years ago

As highlighted in the text, "careful cooks," "down-home stokers," and "functional feeders" are all segments identified by pillsb

3241004551 [841]

The correct answer in the space provided is lifestyle segmentation. It is because the highlighted text that is provided above falls under the category of lifestyle in which is why it will likely be based on the lifestyle segmentation. Lifestyle segmentation is likely based on the customer's behavior, attitude, perception and as well as their interest.

7 0

3 years ago

Which of the following statements does not properly describe the current ratio?

Vaselesa [24]

Answer:

D. It measures a firm's ability to pay its long-term debts as they mature

Explanation:

The current ratio is a ratio of current assets and the current liability which is required to judge the liquidity of the short term.

Current ratio = (Total Current assets) ÷ (total current liabilities)

It is always expressed in times

The current assets equal to

= Cash balance + Short-term investments + Accounts and notes receivable + Inventories + Prepaid expenses, etc

And, the current liabilities

= Short-term obligations + Accounts payable

3 0

4 years ago