What is the individual ending cash balance

Assignment Help Accounting Basics
Reference no: EM133133304

Question - The following items provide information about an individual for the past year. What is the individual's ending cash balance?

Purchase of a new car $25,000

Cash used on living expenses 30,000

Beginning cash balance 8,000

Net worth, beginning 22,000

Unpaid utility and rent bills 2,000

Car loan proceeds 20,000

Sale of old car 1,000

Annual net pay from job 44,000

Car loan payment 1,000

Reference no: EM133133304

Questions Cloud

Proportion of the balls : A factory produces tennis balls whose weights follow a bell-shaped distribution with a mean of 2.06 ounces and a standard deviation of 0.04 ounces. According to
What is expected utility : If the person purchased full insurance under this scenario with two adverse events, where the premium was $7.500. What is expected utility?
Different risk-identification strategies : How many different risk-identification strategies did you identify? Which ones are most effective and why?
Describe what a defect life cycle is : Provide a screenshot image of your desktop where you are debugging the provided C++ code that clearly shows breakpoints that will stop the execution
What is the individual ending cash balance : The following items provide information about an individual for the past year. What is the individual's ending cash balance
How impacts access and cost of healthcare : Describe the "market." How does the flow of money, resources, and commodities impact the market? Perform a little research on the health industry market and sha
How does poverty impact health : 2. It have been estimated that 80% of the antibiotics sold in the United States are used for animal agriculture (Martin, Thottathil, & Newman, 2015) to increase
Determine the amount of deposits : Determine the amount of these deposits if the interest rate is 30% capitalized each semester.
What is the amount of the discount : Sandra Waterman purchased a 52-week, $1,800 T-bill issued by the U.S. Treasury. The purchase price was $1,796. What is the amount of the discount

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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