I think the correct answer from the choices listed above is option C. Using your savings to buy something you think will increase in value is known asinvesting. Hope this answers the question. Have a nice day. Feel free to ask more questions.
Answer:
Option Total assets, total liabilities, and equity are unchanged.
Explanation:
The reason is that the double entry to record this transaction is as under:
Dr Cash Account $42,000
Cr Accounts Receivable $42,000
Hence there increase in one asset and decrease in other asset will have zero net impact on assets. As equity and liabilities are not effected by the transaction, hence they will also remain unchanged.
Answer: Determination of minimum cash balance required.
Explanation: In the give case, Jane and Joan have different opinions regarding the amount of cash balance they require for effectively operating their business, thus, we can say they are determining the adequate amount of cash balance required.
In this step, the operation in the past and the expected revenues in the future are taken into consideration for the budget making process.
Answer: $45,310
Explanation:
Given that,
Before-tax yearly income = $197,000
Hemingway to increase before-tax yearly income to $339,000
Yearly interest expense = $69,000
flat tax rate = 23%
Current annual corporate tax liability = $197,000 × 23%
= $197,000 × 0.23
= $45,310
I believe it's D. Freedom from car owner responsibilities. Mass transit or public transit enable to carry a bigger number of persons in one way transport. Thus, it helps the economy to grow at the same time, it saves energy since in just 1 transport a lot of people can already ride on it. Plus, it gives flexible door to door services