Answer:
1 Required: 1-a. Prepare an adjusted trial balance at September 30, 2018.
Explanation:
Starbooks
Adjusted trial balance
d Cash $ 295
d Account receivable $ 295
d Supplies $ 495
d Equipment $ 3.195
c Accumulate depreciation $ 895
d Prepaid Rent $ 95
c Account Payable $ 595
c Notes Payable (short-term) $ 495
c Deferred Revenue $ 195
c Notes Payable (long-term) $ 195
c Common Stock $ 195
c Retained Earnings $ 1.495
c Service Revenue $ 6.185
c Interest Revenue $ 95
d Salaries Expense $ 2.195
d Depreciation Expense $ 295
d Income Tax Expense $ 295
d Rent Expense $ 395
d Supplies Expense $ 195
d Travel Expense $ 2.595
Total $ 10.345 $ 10.345
Answer:
Don executes a will leaving half of his farm to his spouse Elsie and the rest to his sons, Frank and Greg, in equal shares. The will disinherits a third son, Hal. Don and Elsie divorce, but Don dies before changing his will. Under the Uniform Probate Code:
c. Frank and Greg receive the entire estate in equal shares.
Explanation:
- Uniform Probate Code is applicable in almost 18 states of the United States that was developed to standardize the laws of wills, trusts, and intestacy.
- The option a is not correct as Elsie can't get the half of the farm as Don and Elsie were divorced.
- The option b is also incorrect as Elsie can't get the half of farm as well as Hal will not get the share.
- The option c is correct as it is in accordance with Uniform Probate Code.
- The option d is incorrect as state can't inherits the entire estate in the presence of heirs.
Answer: E,C,D,B.
Direct financing strengthen an economy's GDP because they come without any interest cost or rate and are directly invested to increase the level of production or output of a business .
Explanation:
Direct financing occurs when money is borrowed from the financial market without using a third party or an intermediary, this is done in other to avoid indirect financing and it's high borrowing cost effect where the overall cost of the loan can be increased through interest rate.
Direct financing is when shares or securities are sold by a borrower in order to raise money and avoid interest rates that comes with using intermediaries or third party services.
Note: Those intermediaries are banks.
Answer:
Effect on income= $0
Explanation:
<u>Because the company has excess capacity and it is a special offer that would not affect normal sales, we will not include the fixed costs.</u>
Effect on income= total sales revenue - total variable cost
Effect on income= 24*4,960 - (20 + 4)*4,960
Effect on income= $0
It would be an example of<u> "allopatric speciation".</u>
Allopatric speciation will be speciation that happens when two populaces of similar species end up confined from each other because of geographic changes. Speciation is a slow procedure by which populaces advance into various species. An animal types is itself characterized as a populace that can interbreed, so amid speciation, individuals from a populace shape at least two particular populaces that can never again breed with each other.
