Answer:
D. An asset of the Federal Reserve Banks and a liability for the U.S. Treasury
Explanation:
For all demand deposits that banks receive, a percentage share must be deposited with Federal Reseve. This is called compulsory withdrawal and serves to ensure the solubility of the financial system.
For banks, this represents an asset as it is an amount they will have to receive when the Fed authorizes it. For the US Treasury, this represents a liability, which is a future payment obligation, as these amounts will be returned to banks in the future.
Answer:
Cash flow from operating activities 284,500
Explanation:
net income 270,000
change in AR
17,000- 9,500 = 7,500(A)
change in AP
28,000 - 21,000 = 7.,000(B)
total change in working capital 14,500
Cash flow from operating activities 284,500
(A)
The account receivable decrease over time this means the account were collected, whch increase cash
(B)
The account payable increase, which means the company receive cash or delay the payment of cash for this period of time. Therefore, the cash increase.
Answer:
The first step in operating cycle would be to purchase inventory from vendors.
The correct answer is D
Explanation:
The steps involved in operating cycle includes:
1. Purchase of inventory from vendors
2. Sale of goods to customers
3. Recording of sales in accounts
4. Collection of cash from customers
It is a formula containing arguments. This is because a function maps the domain to its range. Argument is synonymous to domain.
Hope this helps!
