The ending balance is $500.
Starting balance of accounts payable is $750 which means a credit balance of $750. There had been debit postings of $600 and credit postings of $350. Consequently the ending balance will be $500 credit ($750 credit - $600 debit + $350 credit).
Accounts payable (AP) are amounts due to carriers or suppliers for items or offerings obtained that have not yet been paid for. The sum of all outstanding quantities owed to companies is shown because of the debt payable stability on the organization's balance sheet.
The ending balance is the net residual balance in an account. It is usually measured at the end of a reporting length, as part of the closing system. Finishing stability is derived by including up the transaction totals in an account and then adding this total to the start balance.
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Answer:
expand
Explanation:
In "open market operations" to expand M1, the securities held by a commercial bank (or the public) are exchanged for "cash" from the Fed (the transfer of funds from the Fed to a bank.
The Fed buys securities from banks holding it, for money; so as to increase the supply of money in the economy.
Answer:
$4,800,000
Explanation:
Widget corporation purchased all of its fixed assets three years ago for $6 million
These assets can be sold today for $3 million
The company receives $1.8 million in cash after liquidation of current assets
Therefore the market value of the company's total assets today can be calculated as follows
Market value = $3,000,000 + $1,800,000
= $4,800,000
Hnence the company's market value for today is $4,800,000
Answer:
The correct answer is $2,600.
Explanation:
According to the scenario, the given data are as follows:
Selling price = $27
After competition, Selling price = $22
Inventory consist = 130 units
Net realizable value = $20
So, we can calculate the value of this inventory by using following formula:
lower of the cost = $20
So, Value of this inventory = Inventory units × $20
= 130 × $20
= $2,600 units
Answer:
The answer is: Both statements are correct
Explanation:
Only the NYSE has a physical trading floor which s located on the famous Wall Street in New York. Nasdaq trades only electronically.
Some firms that qualify for trading at the NYSE (they meet the listing requirements of the NYSE), choose to trade at Nasdaq.
The main difference between the NYSE and Nasdaq is that NYSE is an auction market (individuals can trade between each other on an auction basis) while Nasdaq is a dealer's market (participants trade through dealers).
