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Questions tagged 'finance'

79 questions

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Anonymous

Dec 30, 2024

Net Work Corporation, whose annual accounting period ends on

Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2009 Maturity amount and date: $200,000 due in 10 years (December 31,...

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Anonymous

Dec 20, 2024

The following information is available for Birch Company at December 31: Money market fund balance $ 2,940 Certificate of deposit

The following financial information is available for Birch Company as of December 31: Money market fund balance: $2,940 Certificate of deposit maturing on June 30 of the following year: $16,500 P...

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Anonymous

Dec 19, 2024

What does ‘field based’ mean?

What does "field-based" mean? I came across a job description in finance that states it is "predominantly field-based in the first year." I am curious about what this entails. Does it involve door-to...

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Anonymous

Dec 14, 2024

On November 1, Jovel Company loaned another company $130,000 at a 9.0% interest rate. The note receivable plus interest will not be

On November 1, Jovel Company provided a loan of $130,000 to another company at an annual interest rate of 9.0%. The note receivable, along with the accrued interest, is scheduled to be collected on Ma...

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Anonymous

Dec 10, 2024

Accounting study guide question?? Wouldn’t it offset the current assets?

Which statement regarding negative cash balances is true? A) The amount is shown as a current liability, as a company cannot have a cash balance below zero. B) The company must obtain a loan to bring...

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Anonymous

Dec 05, 2024

Schrute Farm Sales buys portable generators for $ 470 and sells them for $ 720 He pays a sales commission of​ 5% of sales revenue

Schrute Farm Sales purchases portable generators for $470 each and sells them for $720 each. He pays a sales commission of 5% of the sales revenue to his sales staff. Additionally, Mr. Schrute incurs...

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Anonymous

Dec 03, 2024

Following are selected transactions for vitalo company. nov. 1 accepted a $6,000, 180-day, 8% note dated november 1 from kelly white

Following are selected transactions for Vitalo Company: On November 1, Vitalo Company accepted a $6,000, 180-day, 8% note dated November 1 from Kelly White as a time extension on her past-due account...

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Anonymous

Dec 01, 2024

If a 30  year old Electrical Engineer wants to make more money per year should he also get a degree in Accounting and Finance to work?

If a 30-year-old electrical engineer wants to increase his annual income, should he pursue a degree in accounting and finance to work as an accountant and earn more money? Is this a viable option?

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Anonymous

Nov 29, 2024

Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or forgone entrepreneurial

Harvey quit his job at State University, where he earned an annual salary of $45,000. He estimates his entrepreneurial talent or forgone entrepreneurial income to be $5,000 per year. To start his busi...