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Q: as a source o
A: What is Factoring? Factoring is a financial method in which a specialised company (component)…
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A: Answer: Money market is a market place where the short-term securities transactions are made. It…
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A:
Q: What are assets in finance?
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A: Cash Flow Statement: It is a financial statement prepared by a company to report their cash…
Q: Define Monetary assets and liabilities
A: SOLUTION:- The term monetary assets and liabilities can be defined as the assets and liabilities…
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A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…
Q: How is Compound Interest calculated?
A: Compound interest refers to the addition of interest amount to the principal. The concept of…
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A:
Q: Define the term financial ratio.
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A: Here in this case we need to understand the meaning of return on asset ratio of financial statement…
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A: A short introduction to Financial Reporting- Basically it is a standard accounting practice that…
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A: The accounting rate of return (ARR) is the percentage rate of return expected on investment or asset…
Q: Income statements prepared under IFRS usually report an item titled finance costs. What do finance…
A: International Financial Reporting Standards: These are defined as the set of accounting rules and…
Q: Borrowing cost can be capitalized as cost of the assets when
A: Borrowing costs are costs related to amount borrowed or loans taken. This is the interest expense…
Q: The function of finance
A: Finance: This term is used broadly for the description of the analysis of money, investments, and…
Q: at are the key concepts of finance
A: Step 1 Finance is a wide phrase that encompasses banking, debit, credit, capital markets, money,…
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Q: Money measurement concept
A: Money Measurement: According to the money measurement principle, a firm should only record an…
Q: make Finance Statement
A: Financial statements include balance sheet, income statement and cash flow statement.
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A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…
Q: Define account payable
A: As the term suggests, accounts payables is the sum of money to be paid in the near future. It is a…
Q: Define Financial instrument.
A:
Q: Explain, using practical example the effect of accruals figures on the preparation of a financial…
A: Accrual System of Accounting is a system where expenses and revenues are recorded as and when they…
Q: What does the purpose of compare financial statement?
A: comparing of financial statement refers to the act of comparing the current year's performance with…
Q: How is accrued interest calculated?
A: Accrued interest is the amount of interest that has been due but not received by the lender or…
Q: Explain the Cash Flow Statement with Financing Activities?
A: Cash flow from financial activities is one of the important part of cash flow statement. It…
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Q: finance?
A: Business is an activity carried out with the aim of earning profits. The main objective behind…
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- dathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 27%. Complete the account activity table for Kathy. Month PreviousMonth'sBalance FinanceCharge(in $) Purchasesand CashAdvances Paymentsand Credits New BalanceEnd of Month(in $) March $640.00 $ $123.97 $75.00 $Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 21%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month PreviousMonth'sBalance(in $) FinanceCharge(in $) Purchasesand CashAdvances Paymentsand Credits New BalanceEnd of Month(in $) April $643.17 $11.26 $32.45 $85.00 $601.88 May $ $ $287.33 $135.00Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 21%. Complete the account activity table for Kathy. Previous Finance Purchases New Balance Payments and Credits Month's Charge (in $) Month and Cash End of Month Balance Advances (in $) March $720.00 $123.97 $95.00
- Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 21%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Previous Finance Purchases New Balance Month's Payments and Credits Month Charge and Cash End of Month Balance (in $) Advances (in $) (in $) April $644.17 $11.27 $33.45 $85.00 $603.89 May $283.33 $125.00 $Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 27%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Previous Finance Purchases New Balance Month's Payments Month Charge (in $) and Cash End of Month Balance and Credits (in $) Advances (in $) April $643.17 $14.47 $32.45 $75.00 $615.09 May $4 $286.33 $125.00Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 12%. Complete the following account activity table for Kathy. Round your answers to the nearest cent. Previous Purchases New Balance Month's Finance and Cash Payments End of Month Balance Charge Advances and Credits Month May $540.00 $177.53 $585.00
- Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 27%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Previous Finance Purchases New Balance End of Month Month's and Cash Advances Payments and Credits Month Charge (in $) Balance (in $) (in $) April $642.17 $14.45 $39.45 $85.00 $611.07 May $ $ $289.33 $145.00 $Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 27%. Complete the account activity table for Kathy. Previous Month's Balance Finance Purchases Charge (in $) and Cash Advances Payments and Credits New Balance End of Month (in $) Month March $520.00 $125.97 $65.00 $Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 21%. Complete the account activity table for Kathy. Previous Finance Purchases New Balance Payments and Credits Month Month's Charge and Cash End of Month Balance (in $) Advances (in $) March $680.00 $ $129.97 $95.00 2$
- Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 21%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month April May LA Previous Month's Balance (in $) $643.17 X +A Finance Charge (in $) $11.26 Purchases and Cash Advances $33.45 $283.33 Payments and Credits $95.00 $115.00 tA New Balance End of Month (in $) $592.88Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 27%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month June July $ Previous Month's Balance (in $) $824.08 $ Finance Charge (in $) $18.54 Purchases and Cash Advances $157.38 $71.59 Payments and Credits $300.00 $130.00 New Balance End of Month (in $) $ $700.00Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous month's balance, and the annual percentage rate is 27%. Complete the account activity table for Kathy. (Round your answers to the nearest cent.) Month April May Previous Month's Balance (in $) $646.17 Need Help? Read It Finance Charge (in $) $14.54 Purchases and Cash Advances $32.45 $285.33 Payments and Credits $95.00 $135.00 New Balance End of Month (in $) tA $598.16