Answer:
The company must borrow $144000
Explanation:
The required ending cash balance is the balance that the company should have at the end of the period. The decision to borrow will be taken by comparing the actual ending balance with the required ending balance. If the actual ending balance is less than the required ending balance, only then the company needs to borrow to reach the desired level of ending balance.
The actual ending balance can be calculated as,
Actual Ending balance = Opening Balance + Cash receipts - Cash disbursements
Actual Ending balance = 126000 + 870000 - 1020000
Actual Ending balance = - $24000
Difference = -24000 - 120000 = - $144000
As the ending cash balance is negative ( - $24000) which means that there is a shortage of cash and the company does not have enough cash to meet the disbursements for the period and maintain the required ending cash balance. The negative sign in difference indicates shortage and the need for borrowing. The company should borrow for the amount of difference. Thus, the company should borrow $144000
Answer:
c. $1,900
Explanation:
As for the information provided, we have:
Retained Earnings opening balance = $2,500
Current year loss = $200
Balance of retained earnings after this = $2,500 - $200 = $2,300
Now, dividends are provided which shall be paid from retained earnings only.
Cash dividends are the one paid in cash.
Stock dividends are the ones which are paid by issue extra shares from retained earnings.
Thus, both are deductible from retained earnings.
Therefore, closing balance of retained earnings = $2,300 - $200 - $200 = $1,900.
Table/indexed.
Let's look at the three options and see what their advantages and disadvantages are:
Contiguous - In this scheme, the file is stored in contiguous blocks of the disk. It allows for easy random access of the data, but requires a contiguous sequence of blocks large enough to handle the entire file. Since the size of the file specified in this question varies quite a bit over it's lifespan, you're either going to be wasting a lot of space by having an allocation large enough to handle the maximum sized file, or the file will need to be copied whenever it grows and "bumps" into a file that was allocated after it. Because of this, this method is not the best.
Linked - The file is stored as a single, or double linked list of file blocks. This allows for the file to grow or shrink as needed, using only the amount of space needed for the file. Unfortunately, this storage scheme doesn't allow for random access of the file contents and the file can only be accessed sequentially. The question for this problem doesn't specify how the file is being accessed, so as long as random access isn't required, then this would be a reasonable allocation scheme. But I'm assuming that random access will be required, in which case, this scheme isn't ideal.
table/indexed - In this scheme, some disk blocks are used as tables to point to other disk blocks that actually contain the file data. It's almost as fast as contiguous allocation for random access of the file contents, yet allows for the growth and shrinkage of a file like linked allocation. As such, it handles all use cases at a relatively minor cost in total storage required. So this would be the most appropriate allocation scheme since the file access behavior wasn't specified in this question.
A financial coach is someone that helps their clients with the basics of money management. They help their clients develop secure, healthy money habits that will last. To become a financial cost, one would need to have worked directly with clients and completely understand their needs, know how to address their concerns, and recommend plans to them in a way that makes them feel comfortable. They must work well with numbers, and have good math skills.
Answer:
d. Corporations pay income tax on corporate earnings, and shareholders pay personal income tax on corporate dividends and gains from the sale of stock.
Explanation:
At the end of each accounting period, the corporation is expected to pay a tax known as income tax from the taxable income earned by the corporation. This tax is paid by the corporation before the amount to be paid to the shareholders of the company in form of dividends.
The shareholders of the company are further subjected as individuals to personal income tax.
This is known as double taxation of dividend. Gains from sale of stock are also taxed under personal income tax.
