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President Franklin D. Roosevelt gave the British 50 old destroyers and set up a cash-and-carry policy. England would pay for all goods before they were shipped. After England ran out of cash, Roosevelt signed the Lend-Lease Act in which war equipment was leased to other nations.
What else can I help you with?
Why did the US switch from cash and carry to lend lease act?
to please everyone
What is the difference between lend-lease and cash carry?
The difference between cash and carry and lend-lease is that with cash and carry something is paid for outright. With a lend-lease something is leased for a portion of the cost, or it is loaned.
The us policy of the shipment of weapons to nations at war changed between the 1930s and the mid- 1941 which was the correct sequence of those changes?
weapons embargo/cash-and- carry weapons/lend-lease
Who aids Great Britain through cash and carry and lend lease programs?
Well the Americans did most of the aiding. Franklin D. Roosevelt the President at the time. And the citizens not wanting to go to war Roosevelt sent aid to the British.
What was the policy of cash and carry?
You paid cash for what you bought and carried the merchandise out the door.
How do you do the double entry on an Onerous lease?
At the date the lease becomes onerous: Dr P&L Expense - onerous lease. Cr Balance Sheet Provision for onerous lease. Each time there is a rental payment on the lease: Dr Balance Sheet Provision for onerous lease. Cr Cash
Why did the US switch from cash and carry to lend lease act?
to please everyone
What was the Cash and carry act between America and Great Britain?
I think you refer to Lend/Lease. The British, in exchange for the lending of 50 obsolete US warships leased the US bases in the Carribean. ' Actually the Cash and Carry act and the Lend lease Act were two different things and the above answer actually describes the destroyers for bases deal (sorry dude). * to answer the orriginal question the cash and carry act stated that forreign belligerent nations could, in fact, buy weapons from the U.S. provided that they paid cash and then transported them using their own ships *the lend lease act stated allowed weapons to be bought on credit
What is the entry of tds provision?
For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.
What is the difference between lend-lease and cash carry?
The difference between cash and carry and lend-lease is that with cash and carry something is paid for outright. With a lend-lease something is leased for a portion of the cost, or it is loaned.
Do provision and or reserves form part of cash flow statement?
No. Only actual transactions of cash or cash equivalents would form part of the cash flow statement. The creation of provisions or reserves are an allocation of cash and not a payment (the company will retain ultimate control of the funds) however any payment of the provision will form part of the cash flow statement. For example a company creates a provision in order to clean up after its mining operations Company Starts mining in year x1 and will complete operations in x10 The Provision is formed in x1 and paid in x10 ( only in x10 will any amount relating to the provision be shown on the Cash Flow Statement whereas the provision will form part of the statement of financial position- balance sheet- from year x1)
How do you account for a capital lease on a cash flow statement?
capital lease is part of cash flow from investing activities and payment in this regard is shown in this section of statement.
Does a operating lease increase cash flow for the lessor?
Technically, every lease a lessor has increases cash flow to some degree, as the lease requires a rent-payment of sorts. However, for the lessor, this is simply a standard income source, rather than any particularly special cash flow.
How is provision for doubtful debts treated in the cash budget?
In a cash budget, provision for doubtful debts is typically not directly included, as cash budgets focus on actual cash inflows and outflows. Instead, it serves as an adjustment in the income statement for financial reporting purposes, reflecting expected credit losses. While the provision itself does not affect cash flow, it indicates potential reductions in future cash inflows from accounts receivable. Thus, businesses may consider it when forecasting cash collections to ensure they maintain adequate liquidity.
What was cash- and carry?
Pay cash. After paying, THEN you may carry away whatever you bought.
The us policy of the shipment of weapons to nations at war changed between the 1930s and the mid- 1941 which was the correct sequence of those changes?
weapons embargo/cash-and- carry weapons/lend-lease
How does a lease generate cash for the company?
From the lessee's perspective: The lease costs should be less than acquisition expenses. The transaction itself does not necessarily generate cash, but it lessens the cost of using an asset.
