In its first year of operations, Ivanhoe Company recognized $29,800 in service revenue, $7,000 of which was on account and still outstanding at year-end. The remaining $22,800 was received in cash from customers. The company incurred operating expenses of $19,000. Of these expenses, $13,140 were paid in cash; $5,860 was still owed on account at year-end. In addition, Ivanhoe prepaid $3,150 for insurance coverage that would not be used until the second year of operations.

(a) Calculate the first year’s net earnings under the cash basis of accounting, and the first year’s net earnings under the accrual basis of accounting.

Answers

Answer 1

Answer:

See below

Explanation:

1. Income statement (using cash basis)

Cash basis is recognized base on the cash collection or disbursement

Revenues (only cash receipts)

$22,800

Less:

Expenses paid in cash

($13,140)

Insurance paid

($3,150)

Net income

$6,510

2. Income statement (using accrual basis)

Revenues (earned)

($22,800 + $7,000)

$29,800

Less:

Expenses(incurred, insurance for next year not included

($19,000)

Net income

$10,800

Answer 2

Answer:

Explanation:

Accural Basis (2nd Answer)


Related Questions

Two firms can control the emissions of a pollutant by incurring the following marginal abatement cost and total abatement cost.

Firm 1: MAC_1=300−10E_1 TAC_1=300E_1−5E_1^2

Firm 2: MAC_2=90−5E_2 TAC_2=90E_2−2.5E_2^2

Assume that the current target level of pollution is 30 units (total) under a standard. We do not know if this is the socially efficient level or not. Each firm is limited to 15 units each.

The government is debating a levying a unit tax. However, it does not know what it should set the tax rate at, such that, in total, 30 units of pollution are still produced for the whole region. Answering the following questions will help you.

1. [4 points] find the tax rate such that abatement by the firms is total at 30.

2. [2 points] find each firms total abatement cost (TAC) at that found tax rate.

3. [1 point] find the tax payment by each firm.

4. [3 points] what issues should the government worry about when switching from a standard to a emission charge? (logistic problems of implementing such policy)

Answers

To find the tax rate that results in 30 units of total abatement, we need to find the point at which the marginal abatement cost (MAC) of both firms are equal, and the sum of their emissions adds up to 30.
Setting the MAC of both firms equal,
300 - 10E1 = 90 - 5E2
Solving for E1 and E2,
20 = E1 = E2
Since both firms are limited to 15 units each,
E1 + E2 = 30
Therefore, the tax rate should be set at 20 - 15 = 5.
At the tax rate of 5,
E1 = 20 - 5 = 15
E2 = 20 - 5 = 15
So the TAC of firm 1 is
TAC1 = 300 * 15 - 5 * 15^2 = 2250
And the TAC of firm 2 is
TAC2 = 90 * 15 - 2.5 * 15^2 = 975
The tax payment of each firm can be calculated as
Tax payment for firm 1 = 5 * 15 = 75
Tax payment for firm 2 = 5 * 15 = 75
When switching from a standard to an emission charge, the government needs to worry about several issues:
Ensure that all firms are aware of the new policy and understand how it affects their operations
Set up a system to monitor and enforce the new policy
Ensure that the tax rate is set correctly to achieve the desired reduction in pollution
Consider the distributional effects of the policy, such as how it affects different firms and industries differently
Address any potential concerns about the fairness and equity of the policy.

Magnificent Blooms is a florist specializing in floral arrangements for weddings, bo graduations, and other events. Magnificent Blooms has a fixed cost associated with space and equipment of $100 per day. Each worker is paid $50 per day. The daily production § function for Magnificent Blooms is shown in the accompanying table. © Macmil Submit All Quantity of labor (workers) 0 1 2 3 4 5 a. Calculate the marginal product of each worker. Quantity of floral arrangements 0 5 9 12 14 15 Marginal product Quantity of labor (workers) 1 2

Answers

The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1

To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.

Here's how to calculate the marginal product for each worker:

Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.

Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.

Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.

Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.

Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.

Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.

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Janice plans to save $80 a month, starting today, for 20 years. Kate plans to save $80 a month for 20 years, starting one month from today. Both Janice and Kate expect to earn an average return of 5.5 percent on their savings. At the end of the 20 years, Janice will have approximately ________ more than Janice.
a. $66.67
b. $159.73
c. $78.14
d. $0
e. $189.12

Answers

Answer: b. $159.73

Explanation: At the end of the twenty years, Janice would have approximately $159.73 more than Kate. To solve for this, we calculate the future value of the money saved over the time period for both Janice and Kate, and then take the difference to arrive at the correct answer.

Future Value for Janice = $80 ×{[1 + (.055 / 12)]^240 - 1} / (.055 / 12) × [1 + (.055 / 12)] = $35,009.92

Future Value for Kate = $80 ×{[1 + (.055 / 12)]^240 - 1} / (.055 / 12) = $34,850.19

Difference = $35,009.92 - $34,850.19 = $159.73

According to the video, which tasks do Urban and Regional Planners perform? Check all that apply.


developing recommendations to improve medical care

promoting the best use of land and resources

developing plans for growth and renewal

promoting campaigns for political elections

reviewing applications for government assistance
Nvm its b and c

Answers

Answer:

Wat

Explanation:

Answer:

b & c (did the assignment on edg) ;)

Explanation:

You become the manager of a team historically accustomed to a very
"old-fashioned": the employees had no say in the matter, they were
considered as executors and in the service of their former manager. THE
performances were no longer there, the team being used by these
very top-down practices.

What would be your first actions as a new
manager of this team?

Answers

As the new manager of a team that has historically experienced top-down practices and low performance, my first actions would focus on creating a positive and collaborative work environment while addressing the performance issues.

Here are some steps I would take:

Build Relationships: I would make an effort to get to know each team member individually, understand their strengths, challenges, and career aspirations. Communicate a New Vision: I would clearly communicate a new vision and goals for the team, emphasizing the importance of collaboration, empowerment, and individual contributions. Encourage Employee Input: I would actively seek input and ideas from team members, encouraging them to share their perspectives, opinions, and suggestions. Delegate Authority: I would delegate meaningful tasks and responsibilities to team members, giving them opportunities to showcase their skills and take ownership of their work. Provide Support and Development: I would identify training and development needs within the team and provide resources and support to enhance their skills and knowledge. Foster Collaboration: I would promote a collaborative work environment by encouraging teamwork, cross-functional collaboration, and knowledge-sharing. Recognize and Reward Performance: I would establish a system for recognizing and rewarding exceptional performance, whether through formal recognition programs, public praise, or performance-based incentives. Regular Feedback and Performance Reviews: I would implement regular feedback mechanisms, such as one-on-one meetings or performance reviews, to provide constructive feedback, set goals, and track progress.

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Steve is employed in a bank as an assistant manager. He attends a phone conference. During the call, he’s distracted by two coworkers having a private conversation in the group. What should Steve say or do to show that he understands professional conduct? A. He should loudly request the coworkers to be quiet. B. He should gesture to the coworkers to focus on the call. C. He should join the coworkers to show that he’s a team player. D. He should request that the speaker ends the call right away.

Answers

Answer:

B) He should gesture to the coworkers to focus on the call.

Explanation:

Assignment Directions: You're the assistant to the chief executive in charge of technology acquisition, and your boss wants to change cell phone carriers for the entire company! It's your job to determine your company's cell phone needs, research different service plans, and make a presentation on the pros and cons of each plan for the purposes of your company. Does your business need more minutes; more texting; more data; international calling; or more super-fancy phones? In this project, you will conduct research on three cell phone service plans. Find the following information: the company; the most suitable available phones; the price; features; and length of service. Compare and contrast the services provided and the cost of extra services. When you compare and contrast, be sure to compare apples to apples. For example, compare data plan features to data plan features, not cell phone camera pixels to Words with Friends capability. Which would you choose for your business and why? Which do you think Shirley Bobirley, Chief Executive Cell Phone Officer, is going to choose, based on your presentation? Assignment Guidelines: Create a business presentation that presents a clear point of view with support. This presentation may be via PowerPoint (minimum 6 slides) or paper (minimum 500 words). Your project should present all of the information effectively and clearly. Regardless of which presentation you choose, you should be prepared to actually present your findings to an audience. Submission Requirements: Business presentation When submitting written assignments, please remember to: Submit the assignment question(s) and your responses. Proofread for spelling, grammar, and punctuation. Remember to use complete sentence structure. Make sure paragraphs have at least six sentences.

Answers

I will take on the assignment of figuring out our company's cell phone needs, researching several service plans, and creating a presentation on the benefits and drawbacks of each plan as the chief executive's assistant in charge of purchasing technology.

Find out how many employees need cell phone services. Specify the particular attributes and functions necessary, such as data service plans, phone minutes, text messaging, international calling, etc. Take into account any particular industry standards or laws that may have an impact on the service plans you choose.

Examine the service packages each provider offers, taking into account elements like cost, contract details, and billing alternatives. Including internet allotments, voice minutes, text messaging, international roaming, and device compatibility, compare the features and advantages of each package.

Examine any extra benefits or services provided, such as device insurance, free use of particular apps, or corporate discounts. Think about the technical support and customer care that each service provider offers.

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will give brainliest
Georgia was responsible for dealing with customer complaints. She had a
customer who was very angrily accusing the store's sales associate of
disrespecting him while attending to him. What should Georgia do?
A. Offer a store gift card to the customer in order to make amends
for the wrong.
B. Fire the employee.
C. Apologize and ask for details about the situation.
D. Give the employee a stern lecture and make him apologize to the
customer.

Answers

Georgia should apologize and ask for details about the situation. Thus, option C is the correct option.

Who is the customer?

A customer is a person who orders a product or purchases a product or a service forwards he pays money.

Firing the employee is not a good option as they have heard only the complaints of the customer and have not listened to the part of the employee.

Secondly, offering a store gift card to the customer is an option when we have done some kind of mistake, but over here they may take it as a form of gift and make other people also claim the same.

Giving the employer stern lectures is not a good option, as there must be some sort of misunderstanding that the is not know about.

So asking the customer what the problem is and ask him how he was this respected by the customer care person. By knowing the details, we are sure the customer that the steps will be taken, and we can also know the story of the scene which was being created. Therefore, option C is the correct option

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Valentino is proud to work for a company with a strong ________ because he knows the organization supports ethical behavior.

Answers

Based on the information given, Valentino is proud to work for a company with a strong ethical climate.

What is ethics?

It should be noted that ethics simply means the moral principle that govern the behavior of an individual.

Valentino is proud to work for a company with a strong ethical climate because he knows the organization supports ethical behavior.

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The below two statements are related to mindfulness
a. It is not obscure or exotic.
b. It is evidence-based.

TRUE
FALSE

Answers

It is true that mindfulness is evidence based and false that it is exotic.

What is mindfulness?

Mindfulness. It's an easy term to understand. It implies that the mind is entirely focused on what is taking place, what you are doing, and the environment you are moving through. That might sound insignificant, but it annoys me that we frequently stray from the topic at hand. When our mind wanders, we get disconnected from our physical selves and quickly become preoccupied with compulsive thoughts about the past or worry about the future. And it stresses us out.

However, awareness is always present to bring us back to where we are, what we are doing, and how we are feeling, no matter how far we go. It's great to give mindfulness a go for a time if you want to understand what it is. You will discover tiny variances in the meaning in books, online, audio, and video since it's difficult to put into words.

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Do you believe that the advantages accrued from specialization are lost or diminished when individuals from different specialties are put together on a team? Discuss.

Answers

Answer:

Regarding the question of specialization benefits being lost or reduced when people are put together from various specialties, I believe that NO will not diminish the effectiveness of the group. Specialization of work activities is the degree to which duties in an organization are broken down.

Explanation:

Explain three rights that consumers have when buying a service for example hiring a plumber to install a new shower

Answers

The three consumer rights that consumers have when buying a service are the right to be informed, the right to choose, the right to safety.

What are consumer rights?

The Consumer Bill of Rights protects consumers. Consumers have the right to be informed, the right to choose, the right to safety, the right to be heard, the right to have problems corrected, the right to consumer education, and the right to service, according to the bill.

Access to essential goods and services such as adequate food, shelter, clothing, health care, education, and sanitation - basic needs that should be available to all consumers - is defined as service.

Therefore, consumer right are essential when buying a service.

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jose 25 kg is father is 5 kg less than 3 times jose's weight what is the weight of jose father​

Answers

Answer:

Jose's father weighs 70 kilos.

Explanation:

Given that Jose weighs 25 kilograms, while his father is 5 kilograms less than 3 times Jose's weight, to determine what is the weight of Jose father the following calculation must be performed:

Jose = 25

Father = (25 x 3) - 5

Father = 75 - 5

Father = 70

Therefore, Jose's father weighs 70 kilos.

Draft a memo to the Department of Trade and Industry’s Chief Operating Officer
addressing how BG will implement its turnaround strategy

Answers

Turnaround management is focused on reviving businesses. To save faltering firms, restore their financial stability, and identify and solve the causes of subpar market performance, analysis and planning are utilized.

A turnaround plan is what?

A turnaround plan is a method for restructuring and turning around a failing business so that it starts to make money. The industrial units can be put back in their original configurations to stabilize the company's performance. The devotion and commitment of the senior management is now crucial to the strategy's success.

What are a turnaround strategy's primary objectives?

An organization may develop and carry out a turnaround strategy to enhance the performance of a struggling business or promote a flourishing one. Therefore a turnaround plan's objective is to move a business from a situation where it is losing money or doing poorly to one where it is profitable.

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Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?

Answers

Reggie's medical expense deduction is $7,276.

AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.

Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:

Drugs (prescribed by physicians): $5,701

Marijuana (prescribed by physicians): $1,470

Health insurance premiums-after taxes: $1,280

Doctors' fees: $1,320

Eyeglasses: $445

Over-the-counter drugs: $270

Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.

Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486

Reimbursements: $570

Medical expenses after reimbursements: $10,486 - $570 = $9,916

To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.

Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.

Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.

Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276

Therefore, Reggie's medical expense deduction is $7,276.

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Hwat growth crises do you anticipate you may have to overcome over the next two years in order to grow your business

Answers

The growth crises which I anticipate to have to overcome over the next two years in order to grow my business are:

To have new competitorsTo keep the supply chain running To remain relevant in the labour market come whatever challengesTo increase customers retention

What is business management?

Business management can simply be defined as the productive coordination and organization of business activities. Business managers oversee operations

So therefore, the growth crises which I anticipate to have to overcome over the next two years in order to grow my business are:

To have new competitorsTo keep the supply chain running To remain relevant in the labour market come whatever challengesTo increase customers retention

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2. Carson Inc.'s manager believes that economic conditions during the next year will be strong, normal, or weak, and she thinks that the firm's returns will have the probability distribution shown below. What's the coefficient variation for this firm’s returns??

Economic
Conditions Prob. Return
Strong 25% 30.0%
Normal 45% 12.0%
Weak 30% -14.0%

Answers

The coefficient variation for Carson Inc.'s returns is 4.06.

The coefficient of variation (CV) is a measure of relative dispersion or risk for a set of data. It is calculated as the standard deviation divided by the mean of the data, expressed as a percentage.

First, we need to calculate the expected return for Carson Inc.'s returns:

Expected return = (0.25 x 0.30) + (0.45 x 0.12) + (0.30 x -0.14) = 0.045 or 4.5%

Next, we need to calculate the standard deviation

Standard deviation = √((0.25 x (0.30 - 0.045)²) + (0.45 x (0.12 - 0.045)²) + (0.30 x (-0.14 - 0.045)²)) = 0.1828 or 18.28%

Finally, we can calculate the coefficient of variation

Coefficient of variation = standard deviation / expected return = 0.1828 / 0.045 = 4.06

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The purpose of this assignment is to identify growth opportunities for an organization based on the business, mission, and goals of the organization. Defining the business, mission, and goals of an organization and using these as a guide for developing a framework to encourage growth opportunities within an organization is crucial for promoting success. A SWOT analysis is helpful for organizations to evaluate strengths, weaknesses, threats, and opportunities for the future growth of the organization. Review the śwot analysis material included in the study materials and apply what you have learned by conducting a SWOT analysis.
1. Select an organization for which you will conduct a SWOT analysis.
2. Create a SWOT analysis framework with representative examples for the organization you selected. Focus on both internal and external factors that play a role in the growth of the organization. Consider the business, mission, and goals of the organization as you develop this analysis.
3. Once you have completed the SWOT analysis, offer three specific suggestions to the company for capitalizing on strengths and addressing weaknesses in order to promote success in the coming year.

Answers

Answer:

Lay off or retrain in efficiency those who are lacking.

si el dia 17 de junio me comprometo a pagar una suma de dinero en un plazo de 3 meses: ¿hasta que dia tengo tiempo para hacer efectivo el dinero?

Answers

The date that you would have to pay back the money borrowed would be September 16.

How to find the date ?

A financial agreement or contract is established when an individual commits to paying a specific sum of money within an agreed-upon timeframe. In this particular instance, the obligation entails remitting payment within three months from June 17.

Should one vow to pay said amount before 3 whole months after June 17, then they would have until September 16th to follow through on their promise. This is because September 17th marks the end of the third month and thus its conclusion. Nevertheless, given that full payment is mandated within the span of those 90 days, the last day to submit the sum turns out to be September 16th - marking the final date of the time period at hand.

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Why is it important to stick to a study schedule even if you are caught up with everything? a It guarantees higher grades on your exams. b It helps to create good study habits. c It is time set aside so you can take a break from watching television. d It gives you more time to play your favorite game without interruption.

Answers

Answer:

Explanation:

B - It helps to create good study habits.

How a company classifies its inventory depends on whether the firm is a merchan- diser or a manufacturer. In a merchandising company. such as those described in Chapter 5, inventory consists of many different items. For example, in a grocery store, canned goods, dairy products, meats, and produce are just a few of the inven- tory items on hand. These items have two common characteristics: (1) They are owned by the company, and (2) they are in a form ready for sale to customers in the ordinary course of business. Thus, merchandisers need only one inventory classifi- cation, merchandise inventory, to describe the many different items that make up the total inventory.​

Answers

Answer:

2.94

Explanation:

Concord Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Concord Company uses the periodic inventory system.

Answers

Answer:

the numbers are missing, so I looked for a similar question:

Purchases Sales Units Unit Cost Units Selling Price/Unit

3/1 Beginning inventory 100 $40

3/3 Purchase 60 $50

3/4 Sales 60 $80

3/10 Purchase 200 $55

3/16 Sales 70 $90

3/19 Sales 90 $90

3/25 Sales 60 $90

3/30 Purchase 40 $60

the requirements are:

calculate COGS and ending inventory under FIFO, LIFO and weighted average.

since this company uses the periodic inventory level we must first determine the total cost of goods available for sale:

3/1 Beginning inventory 100 $40

3/3 Purchase 60 $50

3/10 Purchase 200 $55

3/30 Purchase 40 $60

total goods available for sale = 400 units, at a total cost of $20,400

total units sold = 60 + 70 + 90 + 60 = 280 units

ending inventory  = 120 units

under FIFO:

ending inventory = (40 x $60) + (80 x $55) = $6,800

COGS = $20,400 - $6,800 = $13,600

under LIFO:

ending inventory = (100 x $40) + (20 x $50) = $5,000

COGS = $20,400 - $5,000 = $15,400

under weighted average:

ending inventory = ($20,400 / 400) x 120 = $6,120

COGS = $20,400 - $6,120 = $14,280

Mary, Ellen, and Doug are co-workers. Mary frequently makes sexual comments to
Doug and comments on his physique. Doug seems to find this amusing, but Ellen
finds it offensive.
True or False: Ellen is not a victim of harassment because none of Mary's comments
are directed at her.

Answers

True "Ellen is not a victim of harassment because none of Mary's comments are directed at her." Option A

Who is a victim of harassment?

Generally, It is possible for anybody, regardless of factors such as race, color, age, religion, ancestry, or se/xual orientation, to be the target of harassment or discrimination.

People who are impacted by the harassment might be victims, bystanders, or even witnesses in certain instances.

All of these people are considered to be engaged. There are instances of discrimination and harassment that were not done intentionally.

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poor farmer intends to cultivate three acres of paddy but the necessary credit facilities for such farming. The farmer needs money to prepare and till the land. Farmer approaches you for expert advice on how to get the necessary credit facilities. Advise the farmer on the best mode of Islamic microfinance for their needs and explain the procedure and conditions for the validity of the contract.

Answers

The advice which I would give to a poor farmer who intends to collect a loan to cultivate three acres of paddy with Islamic microfinance is that he should show his business plan to the bank.

The procedure which he needs to take include:

Submitting his business plan.Checking his credit history/worthiness.Talk to the bank finance advisor about their loan plans and validity.

What is a Loan?

This refers to the money collected for the purpose of solving a need or making an investment in a business.

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I will cash app any money you need.
Discuss three challenges of working as a chef in a country club. What can you do to minimize these challenges?

Answers

Answer:

1 annoying customers

2 dirty dishes

3 fast orders

Explanation:

1 try to make sure the dish is correct

2 make sure all dishes r clean before opening

3 pre make usual meal orders

A doctor and a produce stocker can expect to need the same amount of college
education.
True
False

Answers

Answer:false

Explanation:

Doctors tuition is more expensive bc they learn more.

Answer:

That is false

Explanation: I had this same question for an exit ticket.

What is E-Procurement? [2 Marks] 1b. What are the Benefits of E-Procurement? [8 Marks] 2. You have have been appointed as an ICT personnel in an organisation mit​

Answers

E-procurement is the exchange of goods and services between businesses, consumers, and the government over the Internet and other information and networking platforms including enterprise resource planning and electronic data interchange.

benefits of the electronic procurement procedure.

E-procurement helps you save money by avoiding duplicative purchases, taking advantage of volume discounts, and avoiding expenses related to paper-based systems (for example, the cost of stamps to mail your paperwork).Openness in spending By performing your procurement electronically, you can guarantee that your procurement methods follow your policies because it will be simpler to produce and analyze reports on your procurement systems.Greater Productivity E-procurement takes less time than conventional procurement once you've gotten the hang of the technology. Reusable tender submission is made simpler by having your records maintained online. Meanwhile, using templates allows for quicker completion of papers.

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29. Economics is based on
a. abundance
b. scarcity
c. laborers

Answers

it’s letter c for me because economics has the ability and knowledge to help people to find the fairly wage

A plaintiff in a high profile legal suit was offered the following out of court settlement: We the defendent will pay the lump sum of $200 to the plaintiff in exactly 11 years. Or alternatively, we will negotiate a lump sum payment today. According to time value of money, what lump sum amount today will have the same present value as the offered settlement if the interest rate of 4.2%?$______ Place your answer in dollars and cents. Do not include a dollar sign or a comma. Work your analysis out with at least 4 decimal places of accuracy.

Answers

I think I just did this question let me check back and I’ll get back to you

David and Daniel formed a partnership. David invested $10,000 in cash; Daniel invested $5,000 in cash and equipment valued at $6,000. The proper entry to record this is which of the following?

Answers

Answer:

Debit Cash $15,000, debit Equipment $6,000, credit David's Capital $10,000 and credit Daniel's Capital $11,000

Explanation:

Contribution of capital by partners will result in an increase in cash balance as indicated by a debit to cash account. Similarly, contribution of equipment will again be indicated by a debit to equipment account as it would result in the creation/increase in the value of an asset (equipment account). The capital contributed by both partner's will be reported in their capital accounts respectively as indicated by a credit to David and Daniel Capital accounts. Cash and equipment will be reported on the asset side of the balance sheet and capital accounts will get reported on the liabilities of the balance sheet of the partnership firm.

Other Questions
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