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Tutor profile: Avneet N.

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Avneet N.
Tutor with 10 years of experience
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Questions

Subject: US History

TutorMe
Question:

What city was the first capital of the United States?

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Avneet N.
Answer:

New York City The Big Apple—where George Washington made the first inaugural address on April 30, 1789—was the location of the country's first capital. And it turns out that Washington and New York aren't alone when it comes to the national honor. Other cities that have served as the capital at one time or another include Philadelphia, Pennsylvania; Baltimore, Maryland; Lancaster, Pennsylvania (for just 24 hours!); York, Pennsylvania; Princeton, New Jersey; Annapolis, Maryland; and Trenton, New Jersey.

Subject: Finance

TutorMe
Question:

How do you calculate the WACC?

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Avneet N.
Answer:

WACC (stands for Weighted Average Cost of Capital) is calculated by taking the percentage of debt to total capital, multiplied by the debt interest rate, multiplied by one minus the effective tax rate, plus the percentage of equity to capital, multiplied by the required return on equity.

Subject: Accounting

TutorMe
Question:

How do debits and credits work?

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Avneet N.
Answer:

When transactions take place, you increase one account and decrease another account in your books to reflect the transaction. The purpose of “debiting” and “crediting” accounts is to increase one account and decrease the other. Debits increase asset and expense accounts. And, debits decrease liability, equity, and revenue accounts. Credits do just the opposite. Credits increase liability, equity, and revenue accounts. And, they decrease asset and expense accounts. Debits and credits are the basis of double-entry bookkeeping, but they can be difficult to grasp, let alone memorize.

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