20 points!!!!! What is the axis of a graph used for? Select all that apply.

Pocahontas School District, an independent public school district, financed the acquisition of a new school bus by signing a not

Wewaii [24]

Answer:

C) Debit Expenditures $90,000; Credit Other Financing Sources $90,000

Explanation:

A General fund can be defined as the primary fund which are often used by a government entity and they are used to help record all inflows and outflows of resources that are not associated with funds which are for special purpose.

Therefore ,the entry in the General Fund at the date of acquisition will be :

Debit Expenditures $90,000

Credit Other Financing Sources $90,000

Reason been that the acquisition of the new school bus was been financed by signing a note for $90,000 in which the $90,000 is an expenditure which was debited while Other Financing Sources of $90,000 was been credited.

5 0

4 years ago

Leon and Heidi decided to invest $3,500 annually for only the first seven years of their marriage. The first payment was made a

raketka [301]

Answer:

FV= $1,309,832.57

Explanation:

Giving the following information:

Annual investment (1 to 7)= $3,500

Interest rate= 9%

First, we need to calculate the future value of the annual deposit using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {3,500*[(1.09^7) - 1]} / 0.09

FV= $32,201.52

Now, the value when they are 70:

Number of periods= 70 - 27= 43

FV= PV*(1+i)^n

FV= 32,201.52*(1.09^43)

FV= $1,309,832.57

8 0

3 years ago

At year-end, Yates Company estimates that $1,500 of its accounts receivable balance is uncollectible. Yates uses the allowance m

zimovet [89]

Answer:

debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts

Explanation:

The journal entry needed to record the adjusting entry by using the allowance method is given below:

Bad debt expense

To Allowance for doubtful debts

(Being bad debt expense is recorded)

Here the bad debt expense is debited as it increased the expense and credit the allowance as it decreased the assets

5 0

3 years ago

A company had the following unit costs when 9,000 units were produced: Direct labor at $7.25 per unit; Direct material at $8.00

Svetradugi [14.3K]

Answer:

A : $28.25 is the total production cost per unit under Absorption Costing.

Explanation:

The absorption costing method is a costing method that is applied in evaluating inventory which not only covers the cost of materials and labor but including both variable and fixed manufacturing overhead costs also.

Under the absorption costing, the unit product cost is calculated as follows:

Total production cost per unit = Direct materials + Direct labor + Variable overhead + Fixed manufacturing overhead allocated

Total production cost per unit = 8.00 + 7.25 + 5.50 + 7.50

= $28.25

$28.25 is the total production cost per unit under Absorption Costing.

5 0

3 years ago

Taxable income terminology Taxable Income Terminology Match the terms relating to the basic terminology and concepts of personal

Mice21 [21]

Answer:

A. To qualify for exclusion during this transaction, you must have owned and occupied for two of the five prior years ⇒ Sale of a home.

B. This term essentially includes all income subject to federal tax ⇒ Gross Income.

C. Using taxable income, it is based on tax tables or tax rate schedules ⇒ Tax liability.

D. This term includes expenses that can only offset portfolio income. ⇒ Investment expenses.

E. This is used to offset passive income Investment expenses. ⇒ Real estate or limited partnership expenses.

F. This term includes income from self-employment ⇒ Active Income.

G. This item is taxed at different rates depending on the holding period ⇒ Capital gains.

H. This is used to determine tax liability ⇒ Taxable income.

I. This term includes income gained from real estate and limited partnerships. ⇒ Passive income.

J. This term refers to earnings and capital gains generated from investment holdings. ⇒ Portfolio income.

4 0

3 years ago