Answer: To earn CREDIT
Explanation:
Philip earns $980,000 per annum. He is allowed a tax free income of
$50,000. Then his taxable income will be $______
and tax paid at 6% will be $_____
per annum.
Answer:
His taxable income is $930,000.
Tax paid at 6% will be $55,800 p.a
Which of the following accounts would normally have a credit balance and appear in the balance sheet?
A. Dividends.
B. Salary expense.
C. Revenue.
D. Uneamed revenue.
E. Accounts receivable.
The account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
The following information is relevant:
The dividend contains the normal debit balance and the same is to be shown under the stockholder equity statement.The salary expense is to be shown under the income statement and contains a normal debit balance.The revenue is to be shown under the income statement & contains a normal credit balance.Unearned revenue is a liability account and contains a normal credit balance. Also, it is to be shown under the balance sheet.The account receivable is an asset account & it contains a normal debit balance. Also, it is to be shown under the balance sheet.Therefore we can conclude that the account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
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businesses today succeeded or fail based on their ability to___
A. innovate with technology to meet their customers needs
B. adopt customized software to their needs
C. raise expenses to match revenue
D. open multiple channels of sale
E. butter (im joking at this option but i need the right answer)
The answer would be A. innovate with technology to meet their customers needs.
N Apple bought goods on credit from Pencil Point Ltd. What is the double entry to record this transaction in the accounting records of Pencil Point Ltd? a. Debit N Apple, Credit Sales b. Debit Sales , Credit N Apple c. Debit Purchases, Credit Pencil Point ltd d. Debit Pencil point Ltd, Credit Purchases.
Answer:
c. Debit Purchases, Credit Pencil Point ltd
Explanation:
The journal entry for purchasing the goods from the Pencil point ltd on credit is given below;
Since the goods are purchased so here purchase account is debited and we credited the pencil point ltd
So, the journal entry is
Purchase Dr XXXX
To Pencil Point ltd XXXX
(Being goods purchased on credit)
The purchase is debited as it increased the assets and pencil point ltd is credited as it also increased the liability
list two of three places where a student can learn about apprenticeship opportunities
Answer: The first and really the best way is Job corps, trade schools, and a regular fast food restuarant
Explanation: But Job corps is better you get a place to stay you get all the benefits like medical coverage, child services, food, drivers liscence, and you can learn over 50 things to do.
The two places where a student can learn about apprenticeship opportunities are Job corps, trade schools.
What is apprenticeship?Apprenticeship is a system for educating a new generation of practitioners of a trade or profession through on-the-job training and, in some cases, additional study.
Apprenticeships can also help practitioners obtain a license to work in a regulated occupation. The majority of their training is completed while working for an employer who assists apprentices in learning their trade or profession in exchange for continued labor for an agreed-upon period after they have demonstrated measurable competencies.
Therefore, Job corps, trade schools are the best places where a student can learn about apprenticeship opportunities.
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Choose a real or made up company, and describe at least three ways in which the company uses technology.
Answer:
Case of E Commerce Companies, & their technical processes.
Explanation:
Any company based on E commerce model, uses technology in its various phases of operation.
E Commerce refers to online buying & selling of goods. They use technology for website or app maintainence, for order placing, for payment, for delivery tracking & various other updates. Technology is also used for back end stock & orders management etc.
Many big online shopping companies (eg Amazon) use this model & its technical aspects.
Answer:
Dominos is a company that has many variable costs. Some examples include flour, cheese, and tomatoes.
Explanation:
what is 10+10 im having troubles help
Answer:
20
Explanation:
Simple
10 + 10 = 20
Answer:
20 lolbajahajwbwiqbqn
Helpmeeeeeeeeeeeeeee
Answer:
18. b : most economic decisions are made by buyer and sellers
19. b : federal income tax
Explanation:
what are rock layers
Answer:
the answer is isStratum
Personal Financial
Literacy
Answer:
You would have to answer this because I dind't read the story.
Explanation:
The SmartArt icon will allow you to include which of the following on a slide?
I think the answer is Graphs, I hope this helps
Find the effective rate of interest if payments of 300 at the present, 200 at the end of one year, and 100 at the end of two years accumulate to 800 at the end of three years.
Answer:
12.93%
Explanation:
Given that the amount of 300 is invested for 3 years, while the amount of 100 is invested for 2 years and 100 is invested for 1 year.
also amount accumulated in three years = 800
Applying the formula to find the future value we get
300(1+r)^3 + 200(1+r)^2 + 100(1+r) = 800
which can be further simplified to
300r^3+1100r^2+1400r+600=800
where, r is the effective rate of interest which we have to find out
The above equation is cubic in r, so to solve this we can use equation solver. When we put this equation in equation solver we get
r = 0.12926
r ≅ 0.1293
Therefore, effective rate of interest = 12.93%
plz help!!
Which best describes why taxes and savings are considered leakage factors?
A) They take money out of households.
B) They take money out of the economic system.
C) They take money out of the economic sectors.
D) They take money out of the financial sector.
Thank you!! : )
Answer:
my In.stagram I'd: unknown_22770
Explanation:
I hope you will msg me
50 points each
“When you drink alcohol you are just borrowing happiness from tomorrow.”
“Your stomach thinks all potato is mashed.” ...
“I wonder what my dog named me?
”We eat pizza from the inside out. ...
If you live to be 70 years old you will spend TEN YEARS of your life on Monday. ...
Sometime in the future, someone will say your name for the last time. ...
Deaf people probably don't understand why farts are funny. ...
The word ambiguous only has one meaning.These are not my memories. ...
No one knows how anyone feels. ...
You are neither the first nor the last. ...
You are someone's ancestor. ...
Today the Earth is more beautiful than it will be tomorrow. ...
You only know you were happy when you no longer are. ...
If we're alone it's frightening. ...
Every thing could be the last thing.
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Answer:
that x-ray has arthritis
Answer:
Hey mate.....
Explanation:
Facts were very true......can't join pad let now....
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Can you really answer the question of whether an opportunity is real before developing a product concept?
Answer:
Yes
Explanation:
For example, it has been said that what prompted e-commerce on platforms such as Amazon, eBay, etc was a result of the opportunity their founders saw with the invention/adoption of the internet.
In other words, they saw a real opportunity (through the internet growth rate) and thus decided to develop a product concept. Hence, we could thus conclude with a yes to the question.
Columbia Bank & Trust has just given you a $20,000 term loan to pay for a new concrete mixer. The loan requires five equal annual end-of-the-year payments. If the loan provides the bank with a 12 percent return, what will be your annual payments?
Answer:
$5,548.19
Explanation:
According to the scenario, computation of the given data are as follows,
Principal payment (p)= $20,000
Rate of interest (r) = 12%
Time period (t) = 5
So, we can calculate the annual payment by using following formula,
Annual payment = [p×r×[tex](1+r)^{t}[/tex]] ÷ [ [tex](1+r)^{t}[/tex]-1]
By putting the value, we get
= [$20,000×0.12 [tex](1+0.12)^{5}[/tex]] ÷ [[tex](1+0.12)^{5}[/tex]-1]
By solving the equation, we get
= $5,548.19
Hence, the annual payment will be $5,548.19.
A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of size (measured in thousands of square feet) and whether or not there is a fireplace (FP is 0 if there is no fireplace, 1 if there is a fireplace). Part of the regression output is provided below based on a sample of 20 homes. Some of the information has been omitted.
Variable Coefficients Standard Error t-Stat
Intercept 128.93746 2.6205302 49.203
Size 1.2072436 11.439
FP 6.47601954 1.9803612 3.27
a. The estimated coefficient for size is approximately _____.
b. How many predictors (independent variables) were used in the regression?
Answer:
a. The estimated coefficient for size is approximately 13.81.
b. In the regression, two predictors are used. These two predictors are size and fireplace (FP).
Explanation:
a. The estimated coefficient for size is approximately _____.
Estimated coefficient for size = Standard Error of size * t-Stat of size = 1.2072436 * 11.439 = 13.81
Therefore, the estimated coefficient for size is approximately 13.81.
b. How many predictors (independent variables) were used in the regression?
Independent variables can be described as variables that are changed or manipulated in order to measure the effect of their changes on the dependent variable. Independent variables are therefore also called predictors because they employed to predict the dependent variable.
In the regression, two predictors are used. These two predictors are size and fireplace (FP).
Cassandra is a 21-year-old who is still in college. She wants a credit card so she can order items online.
Her mother offers to let Cassandra use her card, but Cassandra would like it in her own name. What is
the advantage of having it in her own name?
A. If she pays her bills promptly she is establishing a good credit history.
B. She will get a finance charge with a lower APR.
C. Her credit score will go up by 200 points.
D. She will be given more time to pay her bills.
Having a credit card in your own name has a number of benefits, including helping you establish your own credit history, being there for you in times of need, and maybe earning points or cash back on purchases. As a result, choice (A) is appropriate.
What is credit card?Customers (cardholders) are given a specific sort of payment card called a credit card that enables them to pay for products and services from merchants based on the amount of debt they have acquired (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges).
A revolving account is set up by the card issuer, which is often a bank or credit union, and gives the cardholder access to a line of credit from which they can borrow money to make purchases or get cash advances. The two different kinds of credit cards are consumer and commercial cards.
Most playing cards are made of plastic, but others are made of metal (stainless steel, gold, palladium, titanium), and some have gemstones inlaid in the metal.
Hence, option (A) is accurate.
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Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $150,000 4-years from now. How much must Shane deposit to accomplish his goal
Answer:
Amount deposit = $118,411.4 (Approx.)
Explanation:
Given:
Future amount = $150,000
Rate of interest = 6% compounds semiannual
Number of year = 4 year
Find:
Amount deposit
Computation:
Compounds semiannual
So,
Rate of interest = 6% / 2 = 0.03
Time taken = 4 x 2 = 8 times
So,
A = P[1+r]ⁿ
150,000 = p[1+0.03]⁸
150,000 = p[1.03]⁸
150,000 = p[1.26677]
p = 150,000 / 1.26677
p = 118,411.393
Amount deposit = $118,411.4 (Approx.)
Shady lawyer. Brice had a number of ethical issues come up in law school involving alleged cheating but managed to graduate because nothing was ever proven. Upon obtaining his law license, Brice enjoyed living "on the edge" and engaged in tactics that were at least questionable. One of his clients was an older gentleman, Sam, with significant assets and significant legal issues involving a messy divorce stemming from his involvement with a local dog groomer, Susie. Brice told Sam that he felt certain that he could arrange matters so that Sam could live happily in the Caribbean with Susie but that, in addition to paying a hefty legal fee, Sam would need to name Brice as a significant beneficiary in his will and give Brice power of attorney over his assets. Sam agreed to do so. He gave Brice power of attorney and changed his will to reflect that upon his death, Brice would receive half his estate. The other half went to Susie. Sam also paid the hefty legal fee Brice demanded. At that point, Brice agreed to proceed with negotiations in the divorce. Shortly after the divorce, Sam had an unexpected heart attack and died immediately. Susie, the executor of the will, told Brice that she was reporting him to the state bar association and that he was not entitled to any assets from the estate. Brice told Susie that he knew that Susie had failed to pay income tax for all her dog grooming and that he was reporting her unless she kept her mouth shut and consented to the terms of the contract. Brice also said that in return for keeping his mouth shut, he wanted additional sums purportedly for his work on Sam's divorce. Assuming that Sam had paid all amounts validly due from the divorce proceeding, which of the following is true regarding Brice's attempt to obtain additional fees?
A. Brice has caused Susie to experience duress.
B. Brice has unduly influenced Susie.
C. Brice has caused Susie to experience duress and unduly influenced Susie.
D. Brice has committed intentional wrongful disclosure.
E. Brice is not guilty of anything, so long as he used no physical force to obtain Susie's agreement.
Answer:
A. Brice has caused Susie to experience duress
Explanation:
Based on the information given BRICE HAS CAUSED SUSIE TO EXPERIENCE DURESS is true regarding Brice's attempt to obtain additional fees based on the fact Brice is threatening , Forcing and persuading Susie to do things against her will by threatening to report her due to her failure to pay income tax because she said that Brice does not have the legal right to obtain the money from the estate unless she kept her mouth shut and agree to the terms of the contract, which inturn makes Brice to attempt to collect additional fees based on Sam divorce case in return for not reporting her.