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3 years ago

The settlement option that provides for ongoing payments for a period of time is called

1 answer:

7 0

The settlement option that provides for ongoing payments for a period of time is called annuity. The annuity is a type of insurance contract in which they provide an individual an annual income for a long period of time such as an example of this is a pension.

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Differences in weather and climate create opportunities for

satela [25.4K]

Answer:

geographic segmentation.

Explanation:

Due to the differences in the weather and the climatic parameters there exist various opportunities in the market as one of them is the geographical segmentation.

That is based on dividing the client on the basis of the area and regions and involves the potential customers of the country, state, territory or even the state and even the neighbors.

7 0

4 years ago

Race is best defined as _____.

nirvana33 [79]

A socially constructed category made up of people who share biologically transmitted traits

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3 years ago

Xena and xavier form the xx llc. xena contributes cash of $20,000, land (basis = $40,000; fair market value = $25,000), equipmen

brilliants [131]

Answer: $0 equipment, $20,000 land, $30,000 inventory, $90,000 partnership interest.

Explanation: The asset basis in the partnership between Xena and Xavier is the same same their basis. In the scenario above, Xena's basis is the same as Xena's partnership basis in asset.

Xena's asset basis include;

Cash = $20,000

Land basis = $40,000

Inventory basis = $30,000

Equipment basis = $0

Therefore Xena's basis in the partnership interest :

$(20,000 + 40,000 + 30,000 + 0) = $90,000

4 0

4 years ago

Vertical Analysis of Income Statement Revenue and expense data for Searle Technologies Co. are as follows: 20Y8 20Y7 Sales $900,

lara [203]

Answer:

Preparation of income statement is shown below:-

Explanation:

Comparative Income Statement

2018 2018 2017 2017

Amount Percent Amount Percent

Sales $900,000 100.0% $725,000 100.0%

Less:

Cost of Goods Sold $558,000 62.0% $435,000 60.0%

Gross Profit (A) $342,000 38.0% $290,000 40.0%

Selling Expense $117,000 13.0% $116,000 16.0%

Administrative

Expense $63,000 7.0% $65,250 9.0%

Total Operating

Expense (B) $180,000 20.0% $181,250 25.0%

Income from

Operation (A-B) $162,000 18.0% $108,750 15.0%

Less: Income

Tax Expense $76,500 8.5% $58,000 8.0%

Net Income $85,500 9.5% $50,750 7.0%

Formula for Computation of Percentage :- (Cost of Goods Sold or Gross Profit etc. of particular period ÷ Sales for such period)

6 0

4 years ago

Richland Company has a calendar year reporting period. On July 1, 2020, Richland’s equipment, with an original cost of $29,000,

saul85 [17]

Answer and Explanation:

The journal entry would be

Cash Dr $15,000

Accumulated depreciation ($10,000 + $2,000) $12,000

Loss on disposal - Plant assets $2,000

To equipment $29,000

(Being the sale of the equipment is recorded)

here the cash, accumulated depreciation and loss would be debited as it increased the assets and losses while on the other hand the equipment is credited as it decreased the assets

5 0

3 years ago