0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the journal entry for prepaid rent if the business is a partnership and it is a cash basis?
[Debit] Prepaid Rent [Credit] Cash Account This entry will be same whether partnership business or other form of company.
Will a credit always decrease a cash account?
A cash account will always be decreased by a credit, but a credit will not always decrease a cash account. The only time a credit decreases cash is when the company pays out cash, whether it's to purchase supplies, inventory, or pay wages etc. Here is two examples of a credit in a transaction, one will decrease cash, the other will not. Company X buys $1,000 in inventory from Company Y and pays CASH. The debit for this transaction will increase inventory, the credit will decrease cash since company X is paying cash for this transaction. Using the same transaction however, changing Company X wants to purchase this inventory on "credit" the debit in this transaction as above will still increase inventory, however, since Company X has chosen to purchase this inventory on credit and not use cash and accounts payable will be set up and the credit will "increase" accounts payable. Remember, Assets will "always" increase with a debit and decrease with a credit. Liabilities will "always" decrease with a debit and increase with a credit.
Is cash flow from investment the same as net capital expenditure?
It depends on the line items that are recorded to arrive at the cash flow from investment figure. Certain line items might not necessarily qualify for the computation of net capex, for example if a company records say a loan to one of its associate companies in the cash flow from investment segment. Barring such occurences, cash flow from investment will indeed be the same as net capex.
Where can one get same day cash?
One may get "same day cash" by making a withdrawal from their bank account in person or at an ATM. If one needs a same day cash loan then they may visit "Pay Day Loans".
What are the differences between cash and debit cards?
They are one in the same with the exception that with cash you have the money in hand. Debit is a card that is linked to your checking account and you debit your money from your account but it is the same as cash in a store.
Is certegy and telecheck the same?
Certegy and Telecheck are two separate companies. Even though they are separate companies, they both do the same thing, which is verifying personal checks.
Is Webkinz and Club Penguin the same company?
no
Are there companies that offer same-day business cash advance loans?
There are several companies offering same-day business cash advances. One of these company websites is Fast-Advance.net.
What does a negative cash flow to creditors mean?
Cash flow is any money that comes into or goes out of a business. A negative cash flow would represent debt or a lack of profit for a company. This can be a red flag to creditors.
What managerial assessments can you make about a company that has a profit and a negative cash flow in the same accounting period?
There are many managerial assessments you could make about a company that has a profit and a negative cash flow in the same accounting period. You could say that there is an error or that temperature changed dramatically for example.
Is Cash from issuance of long term debt finance or investment?
Cash received from long term debt is a financing activity from company point of view while investment from investor point of view, same as while company purchase shares of other company it is investing activity from company point of view while financing activity from other company's point of view.
Does Sam's Club Discover do more than an ordinary card?
The benefit of the Sams Club Discover Card is that it offers a 2% cash back rebate on purchases. This is not very different from many 'ordinary' cards nowadays though, in that many credit cards are offering the same type of cash back rewards program.
What is the journal entry for prepaid rent if the business is a partnership and it is a cash basis?
[Debit] Prepaid Rent [Credit] Cash Account This entry will be same whether partnership business or other form of company.
If most investors expect the same cash flows from companies A and B but are more confident that A's cah flows will be closer to their expected value WHICH company should have the higher stock price?
Investors in the company will drive the stock price up for Company A if they are more confident that Company A's cash flow will be closer to their expected value. Company A's stock price will be higher than Company B.
What is the cash value of life insurance?
They are not all the same, will depend on the face amount contact the issueing company or read the policy for this information.
Who can Sign a contract for a company?
Whoever is listed in the company's Resolution, whether it is a partnership, a corporation, or a proprietor. The company must provide the Resolution, in the same manner that an individual would produce a driver's license to cash a check.
What does cash flow per share mean?
Cash flow per share means how much any company has earned cash flow per outstanding share same like net profit per share which is as follows: cash flow per share = total cash flow / number of outstanding shares
