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marshall27 [118]
3 years ago
9

What are the two fundamental equality requirements of the double-entry accounting system?

Business
1 answer:
AysviL [449]3 years ago
6 0
Debits must = Credits, so if some one bought a $20 sofa, the credit would be the asses, more specifically the cash account because it goes down by $20 and the debit would also be the assets but the furniture, becasue it goes up by $20, 20=20 so debit=credit

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he local botanical society wants to ensure that the gardens in the town park are properly cared for. The group recently spent $1
Gennadij [26K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The members want to set up a perpetual fund to provide $100,000 for future replantings every 10 years. The interest rate is 5%.

I will assume that the money is deposited as a lump sum:

FV= PV* (1 + i)^n

PV= FV/ (1+i)^10

PV= 100,000 / 1.05^10= $61,391.33

Now, if n is 100 years:

PV= 100,000/ 1.05^100= $760.45

7 0
3 years ago
Mel prints 1200 leaflets to advertise her new business.
evablogger [386]

Answer:

$0.25

Explanation:

The cost of 1200 leaflets is $250 plus 20% VAT

the  VAT charges is

=20% of $250

=20/100 x 250

=0.2 x 250

=$50

The total cost of 1200 leaflets

= $250 + $50

=$300

1200 leaflets cost , $300

one leaflet will cost

=$300/$1200

=$0.25

6 0
3 years ago
A customer, concerned about a possible pull-back in XYZ stock, instructs her broker to "Sell my XYZ stock if it falls to 40, but
Marat540 [252]

Answer:

c. sell stop limit order.

Explanation:

In this case, a stop order would be issued by a client that instructs his/her broker to sell the stock if the price falls below $40.

But this is a stop limit order because the client has instructed specifically that he/she will not accept a stock price lower than $39.75. A stop limit order sets an specific price limit that the customer will be willing to accept.

8 0
4 years ago
What is a good way to find a business idea that'll
sergiy2304 [10]

Answer:

Search the internet

Explanation:

3 0
3 years ago
"Buy a stock if its price moves up by 2% more than the Dow Average" is an example of a _________________.A. trading ruleB. marke
konstantin123 [22]

Answer:

Purchase a stock when its price is 2% lower than that of the Dow Average "is an explanation of a passive trading strategy. A passive trading strategy is basically refer to filter rule.

Explanation:

Purchase a stock when its price is 2% lower than that of the Dow Average "is an explanation of a passive trading strategy. A passive trading strategy is basically refer to filter rule.

A filter rule is a market technique where a technical consultant defines rules for buying and selling securities based on percentage deviates from previous rates. The filter rule is usually based on market momentum or the assumption that increasing prices tend to keep rising and falling prices tend to keep falling

7 0
4 years ago
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