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IgorC [24]
2 years ago
5

Livingston company pays utilities of $2,500 in cash. how would this transaction be recorded?

Business
1 answer:
sladkih [1.3K]2 years ago
8 0

The transaction where Livingston company pays utilities of $2,500 in cash, this transaction would be recorded as a Debit to Utilities Expense $2,500 and a Credit to Cash $2,500.

<h3>What is an utilities?</h3>

It refers to the cost consumed in a reporting period related to electricity, heat, sewer, water expenditures etc. These expenses are necessary for running the business and are variable costs that change based on consumption.

The category is also associated with some expenditures for ongoing telephone and internet service.

In conclusion, this transaction would be recorded as a Debit to Utilities Expense $2,500 and a Credit to Cash $2,500.

Read more about utilities

brainly.com/question/24922430

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A 38-year-old investor places $25,000 into a single premium qualified deferred variable annuity. Twenty years later, with the ac
Bad White [126]

The total tax liability is $12,500.

<h3>What is the total tax liability? </h3>

Due to the fact that the account is qualified annuity, the total amount withdrawn is subject to tax.  Also, because the investor is less than 59.5 years, the investor pays an additional tax of 10%.

The effective total tax = 25% + 10% = 35%

Total tax liability = 25% x $50,000

= 0.25 x $25,000 = $12,500

To learn more about taxes, please check: brainly.com/question/25311567

6 0
2 years ago
California wildfires destroy vineyards across the Napa Valley. This is during the season when wine festivals occur most often al
vladimir2022 [97]

Answer:

As a result of the wildfire, supply would fall. there would be a leftward shift of the supply curve.  the quantity supplied of wine would reduce and price would increase

as a result of the festival, there would be an increase in demand. this would lead to an outward shift of the demand curve. Thus, the quantity demanded would increase and price would increase

taking these two effects together, there would be an indeterminate change in equilibrium quantity and equilibrium price would increase

Explanation:

3 0
3 years ago
Douglas has a credit card with an interest rate of 11. 05%, compounded monthly. He used his credit card to buy a new sofa, which
s344n2d4d5 [400]

Answer:

The answer is the last option. Option D $852.84

4 0
3 years ago
You put $100 in the bank now, $200 in the bank a year from now, and $300 in the bank in two years. How much money will you have
Paul [167]

Answer:

End of year 3: $677.85

Explanation:

If the interest rate is annual effective:

Year 0 (now): $100

In a year from now I will have:

End of Year 1: $100*1,075= 107.5

Then I put $200 more, i will have $307.5

Begging of year 2: $307.5

In two years from now I will have:

End of year 2: $307.5*1.075= $330.56

Then I put $300 more, i will have $660.56

Begging of year 3: $660.56

In three years from now i will have:

$660.56*1,075= $677.85

End of year 3: $677.85

4 0
3 years ago
On a trip home during the summer break, you pay your Uncle Dave a visit at his record store. When you walk in, you notice there
ASHA 777 [7]

Answer:The products or services which are introduced need to be decided on the basis of market intelligence. The store can be converted into a coffee shop offering music by creating a unique atmosphere where customers can enjoy the live music, browse through the music and also listen to their favorites played for them, while they enjoy their favorite coffee. It is essential that the uniqueness factor which would be relevant for the target audience be created for example a karaoke machine for the young generation or encouraging customers to just do their thing with impromptu performances. The musical products offered should include the option of the latest storage devices but focus more upon creating a unique atmosphere of a musical Cafe with playing out of specific musical themes which the target audience are likely to identify with and want to participate in. The uniqueness factor is important as it is what will create differentiation and provide a competitive advantage to the business.

Explanation: The price should be raised as the product and service is to have a feel of uniqueness which is not so difficult to obtain at another place as it is not easily imitable and also as the uniqueness factor provides exceptional perceived value for the customer within the product. A unique product needs to maintain some exclusiveness adequate value to be perceived by the customer so it needs to be priced at a premium. The price chart is more for the uniqueness which is created and the unavailability of similar options.

6 0
4 years ago
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