How to calculate bank balance if the opening balance was R26041 and the total receipts were R39567

Which of the following does not allow a company to exclude a short term obligation from current liabilities? Group of answer cho

Neporo4naja [7]

Answer: Actually refinance the obligation.

Management indicated that they are going to refinance the obligation.

Have a contractual right to defer settlement of the liability for at least one year after the balance sheet date.

The liability is contractually due more than one year after the balance sheet date.

Explanation:

A current liability is an obligation payable within a year. A short term liability can be excluded from current abilities if management indicates that they are going to refinance it and show that they are capable of doing so.

Also if the company has a contractual right to defer settlement of the liability for at least one year after the balance sheet date, the short term obligation can be excluded. The deferment means that it will be recognized in another period.

When the liability is contractually due more than one year after the balance sheet date, it stops being a current liability and becomes a non-current liability payable after a year.

3 0

3 years ago

Holding cash simply as a financial reserve is referred to as the ____ motive.

mel-nik [20]

Holding cash simply as a financial reserve is referred to as the "speculative" motive.

Speculative motive refers to a strategy that is utilized by financial specialists/merchants to hold money to make the best utilization of any speculation opportunity that emerges later on. Keeping all cash contributed doesn't appear to be appealing constantly. Keeping up a decent lot of liquidity in one's portfolio is one of the best needs for n investor.
For the most part, financial specialists keep a decent measure of such money with them in order to acquire higher benefits.

7 0

3 years ago

Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises.

antiseptic1488 [7]

Answer and Explanation:

The Preparation of Tiger’s statement of cash flows, using the indirect method is shown below:-

TIGER ENTERPRISES

Income Statement

For the Year Ended December 31, 2021

Particulars Amount

Cash flow from operating activities

Net income $1,452

Non cash adjustment effects

Depreciation expenses $280

Changes in operating assets and liabilities

Decrease in accounts receivable $100

Increase in inventory ($60)

Increase in prepaid insurance ($50)

Decrease in accounts payable ($80)

Decrease in accrued liabilities ($120)

Increase in income tax payable $30 $100

Net cash flow from operating activities $1,552

Cash flow from investing activities

Equipment purchased ($500)

Net cash flow investing activities ($500)

Cash flow from financing activities

Issuance of notes payable $240

Issuance of common stock $140

Payment of dividends ($1,292)

Net cash flow from financing activities ($912)

Net increase in cash $140

Jan 1 Cash $240

Dec 32 Cash $380

Working note:-

Retained earning Opening balance $480

Add: Net income $1,452

Less: Retained earning closing balance $640

Paid dividend $1,292

4 0

3 years ago

Which of the following scenarios best exemplifies a platform business?Devin purchases electronic parts from a variety of vendors

PolarNik [594]

The example of a platform business is Myra’s test kitchen.

A platform business is one that facilitates exchanges between two or more groups. In this example, Myra is facilitating the exchanges between local growers and local chefs. In all of the other examples the business is selling their goods or services, which is not a platform business.

7 0

3 years ago

Helena is given a voucher that can be spent only on educational expenses. She has a budget constraint with educational expenses

ss7ja [257]

Answer: Helena will most likely end up spending some more money on everything else after receiving the voucher.

Explanation:

The budget constraint is used to shows the combinations of two goods which can be afforded by a consumer. A normal good is a good or product that when the income of the person rises,the demand for the product will also increase.

Based on the above information on the question, the correct answer is "Helena will most likely end up spending some more money on everything else after receiving the voucher".

This is because the voucher she was given can be spent only on educational expenses and her budget constraints comprises of educational expenses and everything else which is made up of normal goods. This means she'll still needs to get the normal goods later.

5 0

3 years ago

How to calculate bank balance if the opening balance was R26041 and the total receipts were R39567​

How to calculate bank balance if the opening balance was R26041 and the total receipts were R39567