(a) Cash in the bank (b) Notes payable due in two years (c) Supplies (d) Accounts payable. Which of the following is not a current liability? a. Discount on Bonds Payable due in 7 years. b. Wages Payable. c. Estimated Warranty Payable...
All liabilities which become due for payment in one year are classified as long-term liabilities. a. True b. False True or false? Bonds payable are issued by a bank to corporate investors as a short-term loan. True or false? The payment of a liability...
Small business owners and self-employed individuals can use a Schedule C form to report profits or losses from a business. When you file your taxes, you can attach Schedule C to your regular 1040 form. If you recently became self-employed or started a bu
Interest rate is currently 6% now. XYZ Co needs a £8 million nine-month loan in 3 months' time and buys a 3-12 Forward Rate Agreement (FRA) at 7%. When the company signs the loan, it gets a rate of 8%. What is the payment or receipt XYZ Co will make or receive under the ...
Its working capital might include the cash it has in its business bank account, the payments it expects to receive from customers who have placed orders, and the value of the raw materials (beads, wires, etc.) and finished jewelry it has in stock. Meanwhile, its current liabilities would ...
Loans:A financial institution may require an irrevocable power of attorney to be drafted in order to secure a loan. Business deals:In large, complex business deals, such as mergers or acquisitions, the involved parties may use an irrevocable power of attorney to maintain equality and guarantee co...
10 Best 2025 Investments A rapidly changing AI industry and still-elevated inflation are among developments investors are facing this year. Kate StalterJan. 30, 2025 Oil Stocks Closely Tied to Crude Prices These oil stocks have the highest correlation to crude prices. ...
the money is being put to work and used to generate more income. That said, not all money is considered capital. Instead, money becomes capital when it’s used to grow your business. If you have funds stored in a personal bank account, you have money, but you’re not using it as ca...
Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking ...
There are two types of conventional loans: conforming and non-conforming. A conforming loan meets requirements for the loan amount, minimum down payment, and borrower’s credit score and debt-to-income ratio set by the Federal Housing and Finance Agency. Lenders can sell conforming loans to ...