The answer you are looking for is the fractional reserve system,, search that it will help you answer watch you are looking for.. The bank's debts, if you will, are allowed to be their assets, which in turn allows the bank to lend money that is basically not there...
Explanation:
Adding cell borders and filling cells with colors and patterns is an easy way to make your data stand out, appear more organized, and make the spreadsheet easier to read.
Answer:
$1,500
Explanation:
Relevant data provided
Annual cash flow = $150
Current Stock percentage = 10%
The computation of today value of Dynamo is shown below:-
Today value of Dynamo = Annual cash flow ÷ Current Stock percentage
= $150 ÷ 10%
= $150 ÷ 0.10
= $1,500
Therefore for computing the today value of Dynamo we simply divide the annual cash flow by current stock percentage.
On January 1, 2014, allowance for doubtful accounts had a credit balance of $18,000. During 2014, $30,000 of uncollectible accounts receivable were written off.
<h3>What is
accounts receivable ?</h3>
Accounts receivable, also known as AR or A/R, are legally enforceable claims for payment held by a business for goods or services supplied but not paid for by customers.
Interest receivable is interest that has been earned by investments, loans, or past-due invoices but has not yet been paid. In other words, interest receivable is a company's expected interest revenue.
Interest receivable is interest that has been earned by investments, loans, or past-due invoices but has not yet been paid. In other words, interest receivable is a company's expected interest revenue.
To know more about accounts receivable follow the link:
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Answer:
A. Jan-01
Dr Cash 35,000
Cr Common stock 35,000
Apr-01
Dr Cash 5,940
Cr Common stock 5,940
B. Jan-01
Dr Cash 35,000
Cr Common stock700
Cr Additional paid-in capital 34,300
Apr-01
Dr Cash 5,940
Cr Common stock110
Cr Additional paid-in capital 5,830
Explanation:
a. Preparation of the journal entry to Record the transactions, assuming Clothing Frontiers has no-par common stock.
Jan-01
Dr Cash 35,000
(700 shares*$50 per share)
Cr Common stock 35,000
Apr-01
Dr Cash 5,940
Cr Common stock 5,940
(110*$54 per share)
b. Preparation of the journal entry to Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock.
Jan-01
Dr Cash 35,000
(700 shares*$50 per share)
Cr Common stock700
Cr Additional paid-in capital 34,300
(35,000-700)
Apr-01
Dr Cash 5,940
(110*$54 per share)
Cr Common stock110
Cr Additional paid-in capital 5,830
(5,940-110)
