What is the source of funds within Micro Credit? How does this differ from traditional sources of financing?
Q: Define the following using your own words and give examples To credit Debit Credit
A: Introduction:- Debit column is on the left and the credit column is on the right. Every transaction…
Q: The details of the accounts receivable of Dolor Corporation as December 31, 2022 shows the…
A: Cash Received from Financing of Receivables: It is the cash or money that the firm will receive from…
Q: A new truck costing $60,000 with a residual value of $6,000 has an estimated useful life of five…
A: Working Note: Double declining depreciation rate = Straight line depreciation rate x 2 = (100/5…
Q: The consolidated balance of fixed assets will be affected by working paper entries involving all of…
A: Consolidate Balance- A consolidated balance sheet presents the fiscal position of an affiliated…
Q: Entity ‘A’ raises cattle, slaughters them at its abattoirs and sells the carcasses to the local meat…
A: This standard applies to the accounting treatment of biological assets, harvested agricultural…
Q: Transaction: Possible source document: Business sells goods or services for cash…
A: GIVEN Transaction: Possible source document: Business sells goods or services for…
Q: Trust B says the trustee may distribute income in her sole discretion. During the tax year Trust B…
A: Here discuss about the income distribution to the beneficiary which are subject to the taxation in…
Q: 4. Sell at Split-Off or Process Further Decision, Alternatives, Relevant Costs Betram Chemicals…
A: Joint costs are the one which are incurred for the production of those products which are divided…
Q: Which is not a section of the cash budget? Opening Balance Cash disbursements…
A: The cash budget is used to estimate the cash received and cash disbursement in the coming months. It…
Q: Regirock Incorporated a manufacturer of gravel and sand, has provided the following data for the…
A: When calculating cost of goods manufactured we used applied overhead as cost of actual overhead is…
Q: Tyler Hawes and Piper Albright formed a partnership, investing $210,000 and $70,000, respectively.…
A: Introduction:- Partnership is an agreement between two or more persons to forma business with the…
Q: Who may institute action for annulment of voidable contracts? Briefly discuss.
A: Contract Act- The Indian Contract Act of 1872 lays out the groundwork for forming a legally binding…
Q: Comparison of Depreciation Methods P7.…
A: Depreciation is the decrease in the value of assets in the books of accounts of the company due to…
Q: QUESTION 41 Catchall Inc. makes a single product that it sells for $70 each. Variable costs are $25…
A: Contribution margin is the earned to cover fixed cost and achieve Target Profit. The formula to earn…
Q: A business produces a product that's sold for £30 each. Variable costs are £12 for each product an…
A: Introduction:- The following Formula used to calculate as follows under:- Units required =(Fixed…
Q: In 2020 ABC Co. decided to change to the FIFO method for inventory. The Cost of Goods Sold in 1919…
A: In the year 2019. Under LIFO, The cost of goods sold is $300,000 Under FIFO The cost of goods sold…
Q: Assume the following facts about a parent and its 75% owned subsidiary company: Parent Net income…
A: GIVEN Assume the following facts about a parent and its 75% owned subsidiary company: Parent Net…
Q: If an amount is zero, enter "0". If required, round all interim calculations to nearest dollar. a.…
A: Solution:- a)Calculation of Kim's Business Expenses as follows under:-
Q: 8-33 qug tham acquired the following new properties. mis oli to dºch au 01 00 10. MACRS, Section…
A: Depreciation is an value able part of Accounting.It gives a clear picture or in basic accounting…
Q: Cane Company manufactures two products called Alpha and Beta that sell for $150 and $105,…
A: Fixed cost refers to those cost which remains same at every level activities i.e. it doesn't changes…
Q: Himantayon Company provided the following information for the current year: Beginning inventory…
A: Gross purchase is the sum of the net purchase and purchase return. The net purchase can be…
Q: On October 31, the stockholders' equity section of Manolo Company's balance sheet consists of common…
A: The stockholders' equity section records the transactions that relates to the shareholders of the…
Q: Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net…
A: Return on total asset is a financial measure to calculate the net income earned by the company…
Q: Tampa Roofing Company borrows P1,500,000 on December 31, 2021. Under the terms of the loan, Tampa…
A: Liabilities refer to the financial obligation of the business enterprises, other than the owner's…
Q: PA6. LO 14.2 EllaJane Corporation was organized several years ago and was authorized to issue…
A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…
Q: Keshav Ltd., earned a net profit of ₹4,00,000 after considering the following items: Depreciation…
A: Companies Act has prescribed certain rules for determining the remuneration payable to the managing…
Q: Kate Collins has always been good at putting together rhymes for any occasion. Kate is a recent…
A: Journal Entries- Journal entries are the visual representation of business transactions. T-accounts,…
Q: The Bomb Pop Corporation sold ice cream equipment for $18,500. The equipment was originally…
A: Formula: Gain on the sale of equipment = Sale value of Asset - Net book value of Asset
Q: The following information are available for X Corp: (The company uses actual costing). What is the…
A: Beginning inventory for 2020 is equal to ending inventory of 2019. Sales = opening inventory +…
Q: Accumulated Depreciation and Amortization Category Land $ - Land improvements Buildings 337,900…
A: Here discuss about the sales and purchases of plant assets and its calculation of depreciation…
Q: x invoic
A: A tax invoice is a statement issued for the delivery of taxable goods and services. A tax invoice…
Q: Stu Reese has a $150,000 7 %2% mortgage. His monthly payment is $1,0 His first payment will reduce…
A: Solution Concept In the amortization schedule , when the monthly payment includes the interest and…
Q: For 20Y2, Fielder Industries Inc. initiated a sales promotion campaign that included the expenditure…
A: The question is based on the concept of Financial Accounting.
Q: The accounts and balances shown below were taken from Unique Low Company's trial balance on December…
A: Current Assets means the assets which can be easily convertible in to cash with in short period of…
Q: se solve the following parts as its a continuation a) Populate the following “T-accounts” with the…
A: Concept of Extracts of T - Accounts, Balance Sheet Extracts
Q: ou are required to enter the following transactic n the books of Mo Ryan: - Aug Started in business…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: Jensen Corporation leased industrial equipment to Francis Manufacturing on January 1, 2019. The…
A: Journal Entries- Journal entries refer to the certified book of a company which is used to record…
Q: 3 000 from a business that uses only traditional cash registers, would a cash slip be appropriate as…
A: Since 'R' is a currency denomination here, it is a South African indirect tax (VAT) based question.
Q: pulate the following “T-accounts” with the following data, please make sure where double entry is…
A: Extracts of Balance sheet
Q: Identify any two potential drawbacks that purchasing manager could face given their choice of…
A: The sourcing process encompasses all activities centered on identifying and evaluating possible…
Q: Question 3 L a) The Manchester based company. We Know Capital Limited (WIC), has been hired as…
A: Calculation of weighted avg cost of capital
Q: Company contains (2) production centers (A, B), and (2) services centers (Maintenance and Fuel), and…
A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…
Q: Starting from the separate inventory balances of the affiliates, the consolidated inventory balance…
A: Consolidation of accounting books means combination of accounts of parent company and subsidiary…
Q: A Corp has the following data: Prime cost of 800,000 Variable Mfg OH of 100,000 Fixed Mfg OH of…
A: Variable costing means where the inventory value is calculated on the basis of variable…
Q: Tyler Hawes and Piper Albright formed a partnership, investing $210,000 and $70,000, respectively.…
A: Net income is the amount of profit which is earned by the business after paying its all expenses and…
Q: 3,300 1,500 Cost of sales (1,890) (900) Gross profit 1,410 600 Administrative expenses…
A: Non-controlling interest refers to the title right situation when the shareholder contains less than…
Q: amon Davis was working on a spreadsheet for the Drano Plumbing Company. He calculated that the net…
A: The totals of debit and credit sides of a balance sheet should be equal in order to be accurate.…
Q: Income statement and balance sheet
A: Income statement and balance sheet are two important financial statements which are prepared for the…
Q: earnings below a certain threshold are taxed. What is your opinion on the fairness of this tax?
A: social security tax is such type of tax in which a percentage of the gross wages that most of the…
Q: Midway through the year, all the male athletes move into a fraternity and drop out of the study.…
A: The answer has been mentioned below.
What is the source of funds within Micro Credit? How does this differ from traditional sources of financing?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- WHAT IS THE FINANCIAL SYSTEMS' APPROACH TO MICROFINANCE?Which one of the following choice is not one of the ways to transfer savings to those in needs of funds? Direct transfer Indirect transfer using the investment banker Person to person lending Indirect transfers using the financial intermediaryWhat is a mini-perm or bullet loan? When and why is this type of loan used?
- I. Discuss the different components of the Financial System and its importance. II. What is the difference between Direct and Indirect Financing?How do lenders’ and borrowers’ requirements differ? How can financial intermediaries bridge the gap between them?Which of the following is the function of the financial market ? Select one : a . It decides the interest rate b . It makes loan available c . It channels funds from lenders - savers to borrowers - spenders D. None of these