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How do you calculate IPO using issue price and first day closing share price and amount listed?
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How do you calculate a closing balance?
Opening cash balance is obtaining by looking at the last closing balance. In businesses this is usually done on the first day of the month. So the opening cash balance on the first day of the month will be the same is the closing cash balance of the month before.
What accounts might be placed first in a proper journal entry?
Typically, the accounts that are credited are placed first in a journal entry, followed by the accounts that are debited. The credit account is listed on the first line with the credit amount, and the debit account is listed below with the debit amount.
If you buy your first home can you ask for an extra amount at the bank closing for paying credit card bills?
Not at the closing. You need to discuss this at the time of loan application, or be prepared to do parts of the application process over again. Do NOT wait till closing.
How does one know when to refinance?
First step is to calculate your monthly savings should you decide to refinance. Then you would need to ask your new lender to calculate your total closing cost for the refinance if you were to proceed.
When using the periodic inventory system the first closing entry will include a?
debit to the inventory account equal to the physical inventory amount.
What comes first closing journal entries or post closing entries?
Closing entries comes first as name shows post closing entries are after closing entries and it is as simple as name suggests.
How are ingredients listed on food packaging?
Ingredients are listed by amount. If the first ingredient listed on a bottle of hand lotion is water, the main ingredient is water. Likewise in food. If the first two ingredients of a preprepared sauce are water and salt, there is more water and salt than anything else in that sauce.
How do you calculate a percent increase when the first amount is zero?
You cannot since in such a case a percentage increase cannot be defined.
Are ingredient lists on food packaging listed by weight or volume?
Ingredients are listed by weight, with the largest amount used first. An exception to that is when this statement is used: "contains less than 2% of..." Those ingredients do not need to be listed in order.
How do you calculate water percentage?
Measure the amount of water: by volume or mass or whatever. Measure the total amount in the same units. Divide the first by the second and then multiply by 100.
How do you calculate the cost of goods sold without an beginning or ending inventory?
It is ok with there is no opening or closing inventory in that case where company is starting business first month and also there would be no beginning inventory if in last month there were no closing inventory in that case purchases are considered as cost of goods sold.
Is closing the revenue account the second closing entry?
no. the first step is closing the revenue account. Then comes expenses and then income summary.
