(2.0 points) TIP: If you don't remember how to calculate return on investment, review the Calculating ROI pages in Section 4, Lesson 2. 9. Describe two examples of debt investments. (1-2 sentences. 1.0 points) 10.
MULTIPLE CHOICE QUESTIONS 1. The statement of cash flows should help investors and creditors assess each of the following except the a. entity's ability to generate future income. b. entity's ability to pay dividends. c. reasons for the difference between net income and net cash provided by operating activities. d. cash investing and financing transactions during the period.
If so, what amount should be recorded; and should the amount of the adjustment be considered a 2009 event or a prior period adjustment? For the year- end December 31, 2009, financial statement M should adjust its liability to $18.5 million FASB 450-20-50-3 through 50-8 required disclosure of additional exposure to loss if there is a reasonable possibility that there are additional amounts to be paid. The amount of the adjustment would be considered a 2009 event period adjustment. 3. Should M record the reduction of the previously recorded loss contingency in 2010 (upon the
A pro forma cash receipt is a document narrating incoming payments from debtors or receivables and is issued by the business or creditor (Cash Receipts Function, 2011). Function of Cash Receipts Cash receipts give a quick snapshot of particular debtors and respective repayments, thus, helping the business to recognize the source of cash inflows with respect to receivables within the accounted date range (LexisNexis, 2013). I 2. Company’s Cheque to Supplier Next you are to prepare a company cheque to pay a supplier called Shakers Ltd the amount of an invoice that has a gross total of £3,250.00. You are paying the invoice within the credit terms and are entitled to a cash discount of 2%.
Demonstration Speech Outline Introduction (why?) * Name and reason why I am demonstrating how to write a check. * Old fashioned, but useful * Handy for paying bills * Record of transactions * Easy proof of payment * Safe to send in mail Steps: * Write the date on the line in the upper right hand corner * Write the name of the recipient. (“Pay to the Order of”) * Write the amount of the check to the right of the dollar sign. * Write the monetary amount of the check in word form below the "Pay to the Order of" line.
Suppose further that if the Federal Reserve changes the discount rate by 1 percentage point, banks change their reserves by 300. To increase the money supply by 2700 the Federal Reserve should A. reduce the discount rate by 3 percentage points B. reduce the discount rate by 10 percentage points C. raise the discount rate by 3 percentage points D. raise the discount rate by 10 percentage points 6. In the short run, a trade deficit allows more consumption, but in the long run, a trade deficit is a problem because A. the country eventually will consume more and produce less B. the country eventually will
7. Were the working capital (current asset and current liability) accounts other than cash and cash equivalents primarily sources of cash, or users of cash? Net working capital account is primarily a source of cash. 8. What other items affected cash flow?
c. U.S. Treasury bills. d. Banker’s acceptances. e. Money market mutual funds27. Money markets are markets for
Case 5-1 Stern Corporation On December 31, 2006, before the yearly financial statements were prepared, the controller of the Stern Corporation re affected accounts receivable and the allowance for doubtful accounts. The controller first examined the December 31, subsequent review of the year's transactions applicable to accounts receivable revealed the items listed below: 1. Sales on account during 2006 amounted to $9,965,575. 2. Payment received on accounts receivable during 2006 totaled $9,685,420.
WILEY PLUS ASSIGNMENT WEEK ONE JD November 7, 2011 Brief Exercises BE1-7 to BE1-9 BE1-7 Indicate which statement you would examine to find each of the following items: income statement (I), balance sheet (B), retained earnings statement (R), or statement of cash flows (C). (a) Revenue during the period. (I) Income Statement (b) Supplies on hand at the end of the year: (B) Balance Sheet (c) Cash received from issuing new bonds during the period. (C) Statement of Cash Flows (d) Total debts outstanding at the end of the period. (B) Balance Sheet BE1-8 Use the basic accounting equation to answer these questions.