Answer:
$6,450
Explanation:
Calculation to determine the balance in Cash for this design service business
Using this formula
Cash balance=Cash Amount invested+Cash Received-Rent- Equipment purchased-Supplies
Let plug in the formula
Cash balance=$7,000+$3,000-$700-$2,000-$850
Cash balance=$6,450
Therefore the balance in Cash for this design service business is $6,450
Answer:
A. True
Explanation:
Bank loans are generally short term for meeting the working capital needs, that depends upon the operating cycle of a company.
Usually that keeps on rotating and extending, as the banks keep on earning interest and the funds are usually not needed, this results in the constant support for business.
Further this facility is only provided to the clients who are performing good and that the clients are viable.
If the balance sheets of the client depicts that they are not financially viable then the bank do not extend the time limits and tries to recover the funds as soon as possible.
Answer:
$6,500 was distributed to preferred shareholders
Explanation:
Dividend distributed to preferred share is based on the predetermined rate associated with these share. When the dividend is declared preferred share dividend is paid first. The remainder is distributed between the common stockholders.
Value of Preferred share = 8000 shares x $10 par value = $80,000
Preferred Dividend = $80,000 x 5% = $4,000
Accrued dividend of 2016 = $4,000 - $1500 = $2500
Total Dividend Accrued = $2,500 + $4,000 = $6,500
The best way to ensure the accuracy and safety of your accounts is to : monitor your online accounts regularly
You can never now if somehow your connection is monitored and compromised. Checking your accounts regularly will help you to be prepared for unexpected occurrences
hope this helps
