Typical conversation with a client: A client has $25,000 net income (cash basis) and the bank...
Typical conversation with a client: A client has $25,000 net income (cash basis) and the bank account has $10,000. There is no money in Undeposited Funds and there has been no theft. The client wants to know how it’s possible to have $25,000 net income and $10,000 in the bank. He asks, “Where did my money go?” What are 3 possible answers for what happened.*
Homework Answers
Answer:-
1.Money may be blocked in stock lying with the client.
2.May be the client would have bought some capital assets.i.e.,Plant and Machinery or Furniture,etc.
3.There may be expenses which may have been prepaid for the upcoming years.For example, Insurance,Rent,Advances to workers,etc.
Add Answer to:
Typical conversation with a client: A client has $25,000 net income (cash basis) and the bank...
18. The client has income under all of the following situations except: (A) Your client gets...
18. The client has income under all of the following situations except: (A) Your client gets a free gift (FMV $100) for hosting a "party". The people at the party are sold Tupperware and other kitchen gadgets. (B) Your client is a doctor and she is paid by a local group of doctors $10,000 not to open up a practice in Delaware county, PA. (C) Your client builds a car from spare parts he found for free in a junkyard....
Question 7 3 pts Tomas Pest Control Products has the following information available: Net Income $25,000...
Question 7 3 pts Tomas Pest Control Products has the following information available: Net Income $25,000 Cash Provided by Operations 33,000 Cash Sales 65,000 Capital Expenditures 10,000 Dividends Paid 2,000 What is Tomas' free cash flow? $21,000 O $27,000 O $23,000 O $10,000
Corporate Finance 1. The Kean Corporation has sales of $100,000, net income of $25,000 and depreciation...
Corporate Finance 1. The Kean Corporation has sales of $100,000, net income of $25,000 and depreciation & amortization of $10,000. What is EBITDA? 2. The Kean Corporation has just paid a dividend of $3 per share. The dividend grows at a steady rate of 8% per year. What will be the dividend in five years? 3. Your company is considering an investment project that will produce operating cash flow of $500 in a year at an interest rate of 8%?...
Tucson Restaurant has an accrual basis net income of $189,000 and the following related items: Amortization...
Tucson Restaurant has an accrual basis net income of $189,000 and the following related items: Amortization expense $68,000 24,000 Accounts receivable increase Inventory increase 17,000 Interest payable decrease 8,000 Dividends paid 10,000 What is Tucson Restaurant's net cash flow from operating activities? $170,000 $306,000 $198,000 $208,000
mrs green is a client b. Mrs. Green is a client of your agency. She has...
mrs green is a client
b. Mrs. Green is a client of your agency. She has been diagnosed with multi-infarct (vascular) dementia. She has been assessed to be in the first stage and is only mildly forgetful the majority of the time. She is most comfortable when she gets the answers she needs, although she may forget them in a short period of time. Today she asks you, Have you seen my daughter? I haven't seen her in a very...
6. Mrs. Green is a client of your (vascular) dementia. She has bee forgetful the majority...
6. Mrs. Green is a client of your (vascular) dementia. She has bee forgetful the majority of the time she needs, although she may forge "Have you seen my Mrs. Green's daughter visits on a last in. (5 marks) client of your agency. She has been diagnosed with multi-infarct dementia. She has been assessed to be in the first stage and is only mildly le majority of the time. She is most comfortable when she gets the answers s, although...
answer please 25. A bank borrows money from another bank on an overnight basis to meet...
answer please
25. A bank borrows money from another bank on an overnight basis to meet reserve requirements in the: a. stock market. b. bond market. c. Federal funds market. d. U.S.Treasury bill market. 26. Fiscal policy in the United States is the responsibility of the: a. US Treasury b. Federal Reserve c. Internal Revenue Service d. US Congress and Administration 27. Monetary policy in the United States is the responsibility of the: b. Federal Reserve a. US Treasury c....
FMV 2. (15 points) X Corp's balance sheet shows the following: BASIS $10.000 Cash Equipment -net...
FMV 2. (15 points) X Corp's balance sheet shows the following: BASIS $10.000 Cash Equipment -net Land 1 Land 2 $10,000 40,000 100,000 150.000 50,000 150.000 125.000 $335,000 $300,000 Total All of the stock is owned by A. Her basis is $90,000. Answer the following questions based on the above information. A. Calculate the gain or loss to X Corp. if X liquidates and distributes all assets to A. B. Calculate the gain or loss to A on the liquidation...
Megalopolis Bank has the following balance sheet and income statement Assets Cash and due from banks...
Megalopolis Bank has the following balance sheet and income statement Assets Cash and due from banks Investment securities Repurchase agreements Loans Fixed assets Other assets Balance Sheet (in millions) Liabilities and Equity $ 10,000 Demand deposits 33,000 NOW accounts 52,000 Retail CDs 100.000 Debentures 25,000 Total liabilities 5,000 Common stock Paid-in capital Retained earnings $225,000 Total liabilities and equity $ 29,000 99,000 38.000 29,000 $195,000 12,000 4,000 14,000 $225,000 Total assets Income Statement Interest on fees and loans Interest on...
Suppose you are a financial planner at Tangerine Bank, A client of yours has recently become...
Suppose you are a financial planner at Tangerine Bank, A client of yours has recently become a parent. The family wants to open up an RESP account for their child to save for her university expenses, They plan to send their daughter to study Bachelor of Commerce at UOIT, at the age of 18. (solve using excel formulas) 1. How much should they save before her school starts 2. For that, how much should the parents save in the account...
18. The client has income under all of the following situations except: (A) Your client gets a free gift (FMV $100) for hosting a "party". The people at the party are sold Tupperware and other kitchen gadgets. (B) Your client is a doctor and she is paid by a local group of doctors $10,000 not to open up a practice in Delaware county, PA. (C) Your client builds a car from spare parts he found for free in a junkyard....
Question 7 3 pts Tomas Pest Control Products has the following information available: Net Income $25,000 Cash Provided by Operations 33,000 Cash Sales 65,000 Capital Expenditures 10,000 Dividends Paid 2,000 What is Tomas' free cash flow? $21,000 O $27,000 O $23,000 O $10,000
Corporate Finance 1. The Kean Corporation has sales of $100,000, net income of $25,000 and depreciation & amortization of $10,000. What is EBITDA? 2. The Kean Corporation has just paid a dividend of $3 per share. The dividend grows at a steady rate of 8% per year. What will be the dividend in five years? 3. Your company is considering an investment project that will produce operating cash flow of $500 in a year at an interest rate of 8%?...
Tucson Restaurant has an accrual basis net income of $189,000 and the following related items: Amortization expense $68,000 24,000 Accounts receivable increase Inventory increase 17,000 Interest payable decrease 8,000 Dividends paid 10,000 What is Tucson Restaurant's net cash flow from operating activities? $170,000 $306,000 $198,000 $208,000
mrs green is a client
b. Mrs. Green is a client of your agency. She has been diagnosed with multi-infarct (vascular) dementia. She has been assessed to be in the first stage and is only mildly forgetful the majority of the time. She is most comfortable when she gets the answers she needs, although she may forget them in a short period of time. Today she asks you, Have you seen my daughter? I haven't seen her in a very...
6. Mrs. Green is a client of your (vascular) dementia. She has bee forgetful the majority of the time she needs, although she may forge "Have you seen my Mrs. Green's daughter visits on a last in. (5 marks) client of your agency. She has been diagnosed with multi-infarct dementia. She has been assessed to be in the first stage and is only mildly le majority of the time. She is most comfortable when she gets the answers s, although...
answer please
25. A bank borrows money from another bank on an overnight basis to meet reserve requirements in the: a. stock market. b. bond market. c. Federal funds market. d. U.S.Treasury bill market. 26. Fiscal policy in the United States is the responsibility of the: a. US Treasury b. Federal Reserve c. Internal Revenue Service d. US Congress and Administration 27. Monetary policy in the United States is the responsibility of the: b. Federal Reserve a. US Treasury c....
FMV 2. (15 points) X Corp's balance sheet shows the following: BASIS $10.000 Cash Equipment -net Land 1 Land 2 $10,000 40,000 100,000 150.000 50,000 150.000 125.000 $335,000 $300,000 Total All of the stock is owned by A. Her basis is $90,000. Answer the following questions based on the above information. A. Calculate the gain or loss to X Corp. if X liquidates and distributes all assets to A. B. Calculate the gain or loss to A on the liquidation...
Megalopolis Bank has the following balance sheet and income statement Assets Cash and due from banks Investment securities Repurchase agreements Loans Fixed assets Other assets Balance Sheet (in millions) Liabilities and Equity $ 10,000 Demand deposits 33,000 NOW accounts 52,000 Retail CDs 100.000 Debentures 25,000 Total liabilities 5,000 Common stock Paid-in capital Retained earnings $225,000 Total liabilities and equity $ 29,000 99,000 38.000 29,000 $195,000 12,000 4,000 14,000 $225,000 Total assets Income Statement Interest on fees and loans Interest on...
Most questions answered within 3 hours.
-
You own a bar on Fry Street. Discuss three ways you can increase
attention for your...
asked 8 minutes ago -
Log on. Move to cs202 directory (use 'cd').
Copy the programs circle.cpp :
/* Program: circle.cpp...
asked 12 minutes ago -
Anchor Company purchased a manufacturing machine with a list
price of $85,000 and received a 2%...
asked 14 minutes ago -
Suppose there are 2 firms in an industry with marginal abatement
cost curves:
MACA = 400...
asked 32 minutes ago -
Calculate the equilibrium pH for a buffer that consists of 0.35M
weak acid (HA) and 0.65M...
asked 34 minutes ago -
Kathy spends $10 a week on lottery tickets. She wants to know
how much she would...
asked 35 minutes ago -
we discussed a number of factors in the "General (remote)
Environment" that can affect the...
asked 56 minutes ago -
Using the IS-PC-MR model, describe how the economy responds to
an inflation shock in the following...
asked 57 minutes ago -
Ammonium nitrate has been used as a high explosive because it is
unstable and decomposes into...
asked 1 hour ago -
How long would it take a car with a top speed of 203 mph to travel...
asked 1 hour ago -
9) What are the two different ways in which a user can interact
(interface/work) with UNIX?...
asked 1 hour ago -
Exercise 2.5. Use the Binomial Theorem to prove that, for all n
≥ 0 and for...
asked 1 hour ago