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∙ 11y ago
Ahmad Jamil Mahmod
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When debit amount of profit and loss account is greater than the credit amount you say the firm is in loss but when assets of the firm increases you take it as debit ac how?
You will take 500 dollards and put 7 on
You are receiving a percentage of your grandmothers investments If you take money out of these investments do you have to pay taxes?
You need to get some specific help from a tax guide....many things can alter the result...if you actually have a right to the asset, if your just receiving income from Granny - for what and how much (certain amounts are exempt if gifts), etc.
Explain how rapidly expanding sales can drain the cash recourses of a firm?
A firm's sales may expand as a result of increase in orders, which requires the firm to increase its inventory by purchasing raw material whose payments must be made prior to cash collection from its customers. Thus, the firm has to use either its retained earnings or take on debt to finance the expansion which may result to a negative cash flow
Describe the problem caused to a company if a major customer refuses to pay a big bill?
This will have a negative effect on the firm's cash flow position.The firm may have to spend time and money demanding payment.If they still don't pay up, the firm may need to take legal action (another large expense) - note that this would be done only if it was a very large bill, otherwise it would not be worth it.
How long will I have to go to school to becoma a CPA?
Usually it requires a general four year degree plus at least 2 years as an understudy at an accounting firm. The test that one needs to take is not easy, and requires a lot of study. You will have to obtain your bachelors degree and then you can apply at an accounting firm as an understudy before taking the CPA exam.
What long-term investments should the firm take?
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Proper risk-return management means that A. the firm should take as few risks as possible. B. the firm should earn the highest return possible. C. the firm must determine an appropriate t?
C the firm must determine an appropriate
Should a monopolistically competitive firm take into account it's fixed costs when deciding how much to produce?
No. A monopolistically competitive firm should produce up to the point where marginal revenue equals marginal cost.
What subjects should you take to become an aeronautical engineer?
You will need a firm grasp of physics and mathematics to become an aeronautical engineer.
Why should a like Dell take into account total supply chain profitability when making decisions?
Why should firm like dell take into account total supply chain profitablity when making dicision
Can you inform me about diversified investments?
Diversified investments are investments in different types of companies that are in different industries and sectors. The reason why this is highly recommended is because this makes sure your investments do not take a big hit if something wrong happens to one certain sector.
What are the advantages and disadvantages of capital account convertibility?
An advantage is that is encourages short-term investments from foreigners. A disadvantage is that may take away investments from Indian companies.
How long would it take you to make meaningful contribution to our firm?
What is meaningful for one firm may be routine in another. If asked this question, you should ask for clarification. There is nothing wrong with asking an interviewer to what type of meaningful contribution they are referring.
What is a super sentence using the word firm?
Example sentence - It will take a firm stand to win the debate.
Can a dominant firm wait out the attack of an underdog?
Usually yes... a dominant firm normally has the financial 'clout' to ride out a possible take-over from a smaller firm.
What are the types of best funds?
Typically funds that perform well are those that include both stocks and bonds. Cash investments, such as property, may also make up a reasonable fund but one should take investment advice, by speaking to a financial advisor, before making any large investments.
what are requirements to become an independant stock broker?
You must be licensed as a Registered Representative. That license is the Series 7. The Series 7 is a 250 multiple choice exam that must be passed to become a stockbroker. The exam covers all registered investments including Stocks, Bonds, Options, Mutual Funds, Limited Partnerhips, taxes and Retirement Planning. You must be sponsored by an NASD Firm to take this test. Basically, that means that a firm must hire you first or you must get a firm to agree to sponsor you without a full time employment commitment.
