• 2021-04-14
    Our bank offers minimum interest for seller financing and for loans of cash.
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    • 0

      Tony's bank statement balance on 31 March X1 is $324,888.Bank charges of $50 have not been recorded in the cash book.<br/>Bank interest received of $3 has not been recorded in the cash book.Electronic payments of $32,438 have not cleared the bank statement.A cheque sent to the tax authority of $4,000 has not been presented. What is Tony's cash book balance at 31 March X1?(Please enter your answer in the box below (numbers only) for the value in $.)<br/>______

    • 1

      For simple loans, the simple interest rate is _________ the yield to maturity.

    • 2

      What is the proper order for the different categories of cash flows reported on the statement of cash flows? A: Financing activities, investing activities, and operating activities B: Operating activities, investing activities, and financing activities C: Operating activities, financing activities, and investing activities D: Investing activities, financing activities, and operating activities

    • 3

      Credit terms of 2/10, n/30 imply that the seller offers the purchaser a 2% cash discount if the amount is paid within 10 days of the invoice date. Otherwise, the full amount is due in 30 days.

    • 4

      Which of the following statement is true? A: All the assets of a business are belong to the owner(s) of the company. B: Equity financing means cash investment to the business by the owner(s) . C: A company also can be financed through internally generated cash. D: None of the above