Credit in the cash account

Assignment Help Financial Management
Reference no: EM13806730

Posting a $600 debit as a $ 600 credit in the Cash account

A. makes cash imbalanced by $1200

B. Makes cash imbalanced by $300

C. Makes cash imbalanced by $600

D. makes cash imbalanced by some other number

Reference no: EM13806730

Questions Cloud

Cost of common equity and wacc : Patton Paints Corporation has a target capital structure of 45% debt and 55% common equity, with no preferred stock. Its before-tax cost of debt is 13% and its marginal tax rate is 40%. The current stock price is P0 = $22.50. The last dividend was D0..
The balance sheet contains the : The balance sheet contains the
What is the approximate future value compounded monthly : What is the approximate future value compounded monthly, of a current investment of $28,000 at an annual interest rate of 3.5% for the next 20 years?
What is the bonds current market price : A bond has 5 years to maturity and has a YTM of 8%. Its par value is $1,000. Its semi annual coupons are $50. What is the bonds current market price?
Credit in the cash account : Posting a $600 debit as a $ 600 credit in the Cash account
Business performed services : Which of the following journal entries would be recorded if a business performed services for $400 cash and $1000 on account?
What was the average annual rate of change in the price : 20 years ago, the average home sale price in your hometown was $75,351. Today the average price is $244,329. What was the average annual rate of change in the price over this time period? Round the answer to two decimal places in percent form. Show w..
Functions of managerial finance : Name and describe the three functions of managerial finance. For each, give an example other than those used in the text and lecture.
A bill is mailed to a client for services rendered : A bill is mailed to a client for services rendered. it will be paid in the following accounting period. Which of the following would be true as a result of mailing the bill to the client?

Reviews

Write a Review

Financial Management Questions & Answers

  Select a publicly traded organization of your choice use

select a publicly traded organization of your choice. use the internet to find financial information about your

  What is the sensitivity of the npv to the price and quantity

What is the sensitivity of the NPV to the price? and quantity? Two parts. Price and quantity. McGilla Golf is evaluating a new golf club. The clubs will sell for $875 per set and have a variable cost of $430 per set. The company has spent $150,000 fo..

  Disregard tax shield from amortization of flotation costs

Suppose a company will issue new 25-year debt with a par value of $1,000 and a coupon rate of 10%, paid annually. The tax rate is 35%. If the flotation cost is 5% of the issue proceeds, then what is the after-tax cost of debt? Disregard the tax shiel..

  Compute the debt ratio and equity ratio

Compute the gross margin ratio and net profit margin ratio, compare the current ratio and acid-test ratio and compute the debt ratio and equity ratio.

  The make a way foundation has run in the financial crisis

The Make a Way Foundation has run into a financial crisis. Halfway into their fiscal year, the financier has realized that the company has not put enough money aside to cover all of their costs for the children's summer expense project.

  How purchase of the apple press might affect

How purchase of the apple press might affect the company revenue goals - return on investment for new capital investments and the company uses a cost of capital of 8.

  What is the accumulated sum of streams of payments

What is the accumulated sum of each of the following streams of payments?

  Recognizing and discuss inferences and faulty logic

Identifying and applying useful data and information and demonstrate logic to interpret data - Recognizing and discuss inferences and faulty logic.

  Compare the hedging alternatives for the myr

Compare the hedging alternatives for the MYR with a scenario under which Yankee remains unhedged. Do you think Yankee should hedge or remain unhedged? If Yankee should hedge, which hedge is most appropriate?

  How might credit card companies keep their cardholders

How might credit card companies keep their cardholders in debt for a long time? What payment do the credit card companies expect your friend to make so that he never pays down the debt?

  Corporations after-tax cost of debt financing

You are asked to estimate Blue Monster Corporation's after-tax cost of debt financing. It can issue 22 years to maturity bonds with a coupon rate of 11.97% paid annually, and par value of $1000. The bonds can be sold now at a price of $1184 each. Mar..

  What is the equal annual consumption

Linus is 18 years old now, and is thinking about taking a 5-year university degree. The degree will cost him $25,000 each year. After he's finished, he expects to make $50,000 per year for 10 years, $75,000 per year for another 10 years, and $100,000..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd