Answer:
Assets = Liabilities + Equity
cash (18,000) NA Retained earnigns (18,000)
cash (88,000) NA Retained earnigns (88,000)
Retained earnings is an equity account and any cash dividends paid either to preferred or common stock will decrease cash and retained earnings, remember that both sides must balance.
The answer is <u>"B. Entrepreneurs often work long hours and must take on the financial responsibilities of the business."</u>
An entrepreneur is a person who, as opposed to functioning as a worker, establishes and maintains a private company, expecting every one of the dangers and prizes of the endeavor. The business visionary is generally observed as a pioneer, a wellspring of new thoughts, merchandise, administrations and business/or techniques.
Entrepreneurs assume a key role in any economy. These are the general population who have the right stuff and activity important to foresee present and future needs and put up great new thoughts for sale to the public.
Answer: a. He has an acquisition cost of $4,800 and a date of acquisition of March 15, 2007.
Explanation:
A Put amount gives the holder the right to sell underlying assets. As the Put was exercised, the customer would have to buy the underlying stock and the price they will pay for it is the strike price of the Put less the cost of the Put.
Options contracts come in 100s so;
Acquisition cost = (50 - 2) * 100
= 48 * 100
= $4,800.
The date of acquisition is the day the put was exercised.
Hi there!
Answer:
Total cost with gasoline : $ 62.50
Total cost with E85 : $63.33
Explanation:
First, we must calculate the consumption in gallons of each type of fuel.
<em>For gas
</em>
500 miles/28 miles * 1 gallon = 17.86 gallons
<em>For E85 </em>
500 miles/22.5 miles * 1 gallon = 22.22 gallons
With that, all we have to do is calculate the total cost in dollars
.
<em>For gas
</em>
17.86 galons * $3.5/gallon = $62.50
<em>For E85
</em>
22.22 galons * $2.85/gallon = $63.33
