Decline in value through market fluctuation of investments in stock of a corporation is not a deductible loss. True or False
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Decline in value through market fluctuation of investments in stock of a corporation is not a deductible loss.
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- Many investors buy land with the intention of subdividing it. True FalseReturns means Select one: a. A sum of money borrowed in a bank b. The money invested in a business c. Money placed in a bank d. The profits made on investmentsWhich of the following accounts increases the debit and decreases the credit? Give reasons with the examples. i. Liabilities, owner's equity and revenuesii. Revenues, liabilities, and assetsiii. Expenses, liabilities, and owner's equityiv. Assets and expenses
- Advantages of preparing cash budget would not include one of the following: a. Debtors of the business can be allowed more time to make payment b. If shortage of cash is expected, overdraft facility can be arranged c. Surplus cash can be put to profitable uses if surplus is expected to occur d. Time is available to identify the future sources of finance ------fast plzOn December 31, 2019, the unadjusted trial balance of Tarzwell Services showed the following balances: Accounts receivable Allowance for doubtful accounts Sales $200,000 1,000 Cr. 700,000 The business has given up trying to collect $5,000 of its accounts receivable but has not yet recorded the write-off entry. The firm uses the allowance method to estimate bad-debt expense. Required a) Provide the entry for the write-off. b) If the firm uses the percent-of-sales allowance method for recording bad-debt expense, and has experienced an average 6% rate of non-collection based on sales, provide the entry to record bad-debt expense for 2019. c) Assume that after the firm recorded the $5,000 of write-offs, it determined that 18% of its remaining accounts receivable will be uncollectible under the aging method. Provide the entry to record bad-debt expense. Don't give answer in image formatWhich one of the following transactions would be considered a protective strategy? Sell a call against a stock you sold short. Buy a call on a stock you own. Sell a put on a stock you own. Buy a put on a stock you own.
- To attract, satisfy, and retain the better customers during the upcoming year, a business would need: Cash The desire to make the employees happy because happy employees make the customers happy A good capital structure Satisfied stockholderswhat is the rate of return when 10 shares of stock a, purchased for $30/share and sold for $380? the commission on the sale is $6Which of the following is not true in terms of contributing positively to the business model of leasing assets for a lessor? Select one: a. Often a lessor can sell an asset that is returned at the end of the lease for more than the residual value included in pricing the lease. b. A lessor cannot claim capital cost allowance on assets it leases. c. A lessor who manufactures assets can use leasing as a way to sell its inventory to lessees that otherwise would not be able to afford to purchase the asset from them outright. d. A lessor retains legal ownership of assets it leases which is important in situations where lessees do not honour their lease commitments. e. None of the above.
- Hypothesis statements for the thesis on "Evaluating the importance of risk management mechanism in the banking sector from a customer's perspective"Level 3 Credit risk management: a. Optimises the allocation of capital to achieve the maximum income from capital b. Integrates credit risk management into the operations of a company. c. Improves capital allocation to transactions. d. Improves the velocity of capital when employed to manage credit risk.The debtor-creditor relationship is one where the customer instructs the bank to act on its behalf in a specified transaction (e.g. to buy or sell shares, Bonds or Treasury Bills) Question 3Answer True False
