Why is cash on hand necessary yet potentially unproductive?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
Cash because it is the standard medium of exchange is required to complete almost all ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Question Posted:
Students also viewed these Accounting questions
-
Why is cash considered an unproductive asset?
-
Why might penetration pricing potentially negatively impact brand image and product positioning in the long run? Given this risk, why would a marketing manager use penetration pricing? Identify a...
-
Why is the term overhead efficiency variance potentially misleading?
-
A hollow-fiber membrane device is operated to concentrate a bacterial suspension. The flow rate of cell suspension into the fibers is 350 kg/min. The inlet cell suspension is comprised of 1.0 wt%...
-
A damp washcloth is hung over the edge of a table to dry. Thus, part (mass = mon) of the washcloth rests on the table and part (mass = moff) does not. The coefficient of static friction between the...
-
On January 1, 2024, Baddour, Inc., issued 10%, 12-year bonds with a face amount of $160 million. The bonds were priced at $140 million to yield 12%. Interest is paid semiannually on June 30 and...
-
Joan died April 17, 2022. Joans executor chose March 31 as the tax year end for the estate. The estates only beneficiary, Kathy, reports on a calendar year. The executor of Joans estate makes the...
-
The following table provides the information necessary to construct a project network and project crash data: a. Construct the project network. b. Manually crash the network to 28 weeks. c. Formulate...
-
Pablo and Jacob are running a half marathon. Jacob is d = 42.3m behind Pablo, and both are running at the same speed, v 0 = 2.96m / s At a particular moment, Jacob begins to accelerate forward at a...
-
What steps is Zappos taking to adjust the nature of what has been its new-venture team for many years?
-
(a) How is accounts receivable turnover computed? (b) How is average collection period computed? (c) What do these two measurements show?
-
The following items were included as cash on the balance sheet for Lawson Co. How should each of the items have been reported? (a) Demand deposits with bank (b) Restricted cash deposits in foreign...
-
Describe the landmark case that set the stage for the biotech patent battles of today.
-
Consider a silver atom in a Stern-Gerlach beam splitter that distinguishes between S, = /2 and S = -/2. This atom is immersed in an inhomogeneous magnetic field with B = x (@B/dx), dB/ax being...
-
Complete the FAT table below. You are writing a file that is 4326 bytes long. The cluster size is 512 bytes. Assume the file starts at the first available cluster on the drive. What do the "E"...
-
Suppose that Polestar bank seeks to reduce its interest rate risk in regards to its holdings of fixed-rate (11 %) mortgages via the use of interest rate swaps. To this end, Polestar and Emblem bank...
-
Outdoor air at 30CDB and 85% RH and recirculation air at 22CDB and 63% RH are supplying into the mixing chamber as shown in Figure Q3. The mixed air is then conditioned by passing through the air...
-
Note that by the arbitrage-free principle, it is easy to show that when a stock pays a dividend D at t, the stock's value is immediately reduced by the amount of the dividend. In other words, liment,...
-
Can productivity growth be lower in the next decades than it has been since the 1990s, as innovations linked to the new economy will probably suffer from diminishing returns?
-
Chloroplasts are illuminated until the levels of the Calvin cycle intermediates reach a steady state. The light is then turned off. How does the level of RuBP vary after this point?
-
An investment strategy has an expected return of 12 percent and a standard deviation of 10 percent. If the investment returns are normally distributed, the probability of earning a return less than 2...
-
The company has received a donation of land from a rich local philanthropist. The land originally cost the philanthropist $35,000. On the date of the donation, it had a market value of $100,000. Make...
-
James Company purchased Thomas Manufacturing for $1,000,000 cash on January 1.The book value and fair value of the assets of Thomas as of the date of the acquisition follow: In addition, Thomas had...
-
Refer to Practice 10-14. Assume that the cash acquisition price is $500,000 instead of $1,000,000. Make the journal entry necessary on the books of James Company to record the acquisition.
-
Required: Martinez Corp's Income statement for the year ended December 31, 2023, had the following condensed information: Service revenue Operating expenses (excluding depreciation) $488,000...
-
The denonimator of a certain fraction is three times the numerator. If two is added to the numerator and subtracted from the denominator, the result is. Find the original fraction.
-
What is the slope of the line that passes through the points (-8,2) and (-11,3) ? Write your answer in simplest form.
Study smarter with the SolutionInn App