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248 Answered Questions for the topic Financial Accounting

Financial Accounting Finance

05/31/19

Finance: Capital Budgets

An entrepreneur invests in his dream business of selling golf-carts. The initial investment is $275,199.00. The entrepreneur expects to generate an annual after-tax cash flow of $57,342.00 in... more
Financial Accounting Accounting

05/28/19

What is Tally? And it's features?

Financial Accounting Accounting

05/23/19

Need help finding Value of Net Assets

Operation profit - 150minterest expenses - 15mprofit before tax - 110mtax- 11mprofit after tax - 99mnon current liabilities- 170m£0.50 ordinary shares - 100mtotal equity - 1.25bil(share price= £10)
Financial Accounting Accounting

05/09/19

impact of accounting education towards business sustainability

I want to know what are the impact
Financial Accounting Accounting

05/09/19

Classify each of the following account types by selecting options 1 through 5.

Classify each of the following account types by selecting options 1 through 5. ____ Brandon Jones, Capital____ Mortgage ____ Office Building____ Notes Payable____ Unearned Revenue____ Supplies____... more
Financial Accounting Math Business

05/09/19

A bank offers a 25 year mortgage at 10.5% for a monthly mortgage payment of $9.44 per $1,000 borrowed. What is the monthly mortgage payment on a mortgage of $55,750?

I need and answer please and thank you for your time.
Financial Accounting Accounting Financial Literacy

05/02/19

What is the difference between an Independent Financial Advisor (IFA) and an Accountant?

I'm looking for some advice on various small personal financial matters relating to pension, salary, taxation etc. I've been given a personal recommendation for an accountant, but looking at their... more
Financial Accounting

05/01/19

What is historical cost?

Financial Accounting

05/01/19

What is the income statement?

Financial Accounting Accounting

04/30/19

Which form of ownership burdens owners with the greatest risk of loss of their personal assets?

A) Limited partnership (LP), B) Limited liability partnership (LLP), C) Corporation, D) Sole proprietorship, E) None of the above
Financial Accounting

04/30/19

How are the balance sheet and income statement connected?

Financial Accounting Accounting United States

04/30/19

Why is a coin an asset whereas a note is a liability on the Federal Reserve's balance sheet?

Can someone explain me why coins are assets and notes are liabilities for the U.S. Federal Reserve? I know coins are made from "precious" metals, but even notes are made from various materials... more
Financial Accounting

04/28/19

What is the accounts receivable turnover ratio?

Financial Accounting

04/28/19

What is the difference between a cost and an expense?

Financial Accounting Accounting Balance Sheet

04/24/19

Nit picky personal accounting question: What is the right way to record borrowing from yourself?

I keep a spreadsheet with my personal financial statements (balance sheet, income statement, cash flow) that generally follows the corporate approach. I omit considerations of depreciation, etc.... more
Financial Accounting Accounting Investing

04/24/19

In accounting and investment, what is the difference and relationship between balance and position?

In accounting and investment, what are the difference and relation between balance and position, when talking about a checking/saving/investment account? Or are they the same concept? Thanks and... more
Financial Accounting

04/24/19

Where does the purchase of equipment show up on a profit and loss statement?

Financial Accounting

04/23/19

Is the installation labor for a new asset expensed or included in the cost of the asset?

Financial Accounting Accounting Investing

04/23/19

Why Present Value and not Future Value?

This is a question in an online finance lesson, and I know what they want for the answer. But I'm not at all a novice at financial matters, so in my mind, I would do this differently. The question... more
Financial Accounting Financial Literacy

04/23/19

Accounting equation: does income really decrease equity?

I am new to using [double-entry bookkeeping](https://en.wikipedia.org/wiki/Double-entry_bookkeeping_system) for personal finances. [GnuCash](https://en.wikipedia.org/wiki/GnuCash) uses a variant... more
Financial Accounting

04/23/19

What is the difference between revenue, income, and gain?

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