How much float do they have

Assignment Help Financial Management

Reference no: EM131980949

1. A firm writes a check each day in the amount of $700. The checks take three days to clear and the company keeps $700 in the account according to the bank. How much float do they have?

Gross float = $2,100.

Net float = $700.

Net float = $0.

Gross float = $1,400.

2. A for-profit company showed net income of $45,000 and paid dividends of $20,000. This tells us that they would report a

$25,000 increase in retained earnings.

$65,000 increase in retained earnings.

$25,000 decrease in common stock.

$25,000 decrease in liabilities.

Reference no: EM131980949

Questions Cloud

What is the standard deviation of the? portfolio : Consider the data provided in the table below for a portfolio of assets A and B. What is the standard deviation of the? portfolio?

Company need to issue in order to be left with net proceeds : If the underwriting spread is 5%, how many shares will the company need to issue in order to be left with net proceeds of $4 million?

What is their average inventory turnover : A company uses 12,000 units per year, orders in quantities of 1,000 units and keeps a 200 units safety stock. What is their average inventory turnover?

Dictates that most assets are not valued at market value : Not-for-profits refer to net income as. Accounting principle that dictates that most assets are not valued at market value:

How much float do they have : The checks take three days to clear and the company keeps $700 in the account according to the bank. How much float do they have?

Optimal inventory policy can be identified : In the absence of safety stock, the optimal inventory policy can be identified by:

Which set of items below are current assets : Which set of items below are current assets? Explain and give examples of Line Item Budget and Program/Performance Budget?

What will stock market price be after shares are acquired : what will the stock's market price be after the shares are acquired?

What is the contribution margin ratio : Parsons Company makes calendars. Information on cost per unit is as follows. What is the contribution margin ratio?

User Account

All Pages