Answer:
$1,017,400
Explanation:
Particulars Amount
Retained earnings December 31st, 2018 $858,000
<u>Prior period adjustment</u>
Depreciation expense error -<u>$42,600</u>
Adjusted retained earnings December 31st, 2018 $815,400
Add: Net income $220,000
Less: Dividend -<u>$18,000</u>
Retained earnings December 31st, 2019 <u>$1,017,400</u>
Answer:
y>700 and 700>y>0
Explanation:
Though there is not so much information, but the fact that $700 is an average. We can work with two hypothesis at first, he first Hypothesis before the downturn the rent are over $700. And the second one, the bedroom rent are under $700.
1) Graphically, the shaded area before the downturn, represents the set of values for Rents greater than $700. So, rent (y) > 700
2) Graphically, the shaded area after the downturn, represents the set of values for Rents lesser than $700. So, rent 700 <y<0
Answer:
Explanation:
According to the scenario, the following transaction can be put in journal as follows:
Date Account Titles Ref. Debit ($) Credit ($)
Oct. 1 Cash $28,490
Common stock $28,490
Oct.2 No journal
Oct.3 Office furniture $3,276
Accounts payable $3,276
Oct.4 Account receivable $3,600
Revenue on service $3,600
Oct.5 Accounts payable $850
Cash $850
Oct.6 Salary expense $2,500
Cash $2,500
Answer:
She is more likely to get a loan with a low interest rate
Explanation:
A low credit score indicates inadequate debt management by an individual. It communicates that the person borrows but does not pay promptly, misses on installments, or is a defaulter. A person with a low credit score is therefore considered a high-risk borrower.
In practice, a person with a poor credit score may find it challenging to obtain credit. Lenders and car dealers may set tough conditions before issuing the loan, such as a higher deposit requirement. Before applying for a car loan, an individual with a poor credit score may consider improving their score. A person with a low credit score will pay a higher interest rate for the loan, if approved.
