User Account

All Pages

What the estimated cash balance at december is

Assignment Help Accounting Basics
Reference no: EM132831187

Holland Ltd provided these estimates for the six months ending 31 December.

Cash receipts from services provided $60 000

Cash payments for expenses 40 000

Payment for purchase of equipment 18 500

Depreciation of equipment 4 000

Borrowings from the bank 15 000

Rent paid in advance 3 000

The cash balance at 1 July is $13 000.

Problem 1: The estimated cash balance at 31 December is:

a. deficit of $15 000

b. surplus of $13 500

c. surplus of $11 000

d. surplus of $26 500

e. surplus of $33 000

Reference no: EM132831187

Questions Cloud

Write summary of the chosen culture including short history : In this project, you will create an informative website featuring the traditional music of a specific non-Western culture. (Note that the term "world music" in)
Prepare paper on stakeholder meeting simulation : Prepare paper on Strategic Management - Stakeholder Meeting Simulation
Prepare the may entry to establish the fund : Prepare the May 2 entry to establish the fund, May 30 entry to reimburse the fund [Hint: Credit Cash Over and Short for $5 and credit Cash]
Discuss shift in the internet in terms of constructivism : From the article in this week's reading, "Web 1.0 was characterized by the existence of passive web-sites and applications providing information.
What the estimated cash balance at december is : What the estimated cash balance at 31 December is? Payment for purchase of equipment 18 500. Cash receipts from services provided $60 000
What is the fundamental accounting equation : What three entity forms were broadly identified in the textbook? How does the entity form influence the reporting of assets, liabilities, and equity
Explain why you did or did not enjoy the concerts : Explain why you did or did not enjoy the concerts. Evaluate similarities and differences between music in the Classical era and modern times.
Determine transfer price using general transfer pricing rule : The Industry Division's standard variable production cost per unit is $500. Determine a transfer price using the general transfer pricing rule.
How specific learning disabilities manifest themselves : For this task, you will develop a PowerPoint presentation that could be used with a teaching staff to make them aware of the research-based causes of specific.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd