Answer:
Balance of Suppliers Account is $2200 debit
Explanation:
It is important to know that the Supplies Account increases on the debit side and decreases on the credit side.
On 1 February the account was $ 3080 and this was a debit since it was an existing balance.
Purchase during the year by Bonita Industries increased the Supplies Account. A debit entry of $2640 must be recorded.
Used supplies during the year decrease the Supplies Account. A credit entry of $3520 must be made
There for the balance left $2200(3080+2640-3520) is still on the increase side (debit).Hence the answer $2200 debit is correct.
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Answer:
The Debit situation in the US is a very unique one unlike other debit situations around the world, and this is because the US is unique it its ways of handling Debit situations and also not forgetting the fact that the US enjoys certain privileges' in its Financial dealings with others.
These privileges is evident in the Ability of US corporations/companies to have a debit of over $1.9 trillion and still able to be in business, despite this high indebtedness the US economy have witnessed a growth stability at 3% and inflation rate below2% and its unemployment rate is close to 4% making US economy the Number 1 in the world. But the consequences this might have in future for The US is that most US companies would go Bankrupt when the Government is unable to churn out good financial policies to sustain this high level of indebtedness
Explanation:
The Debit situation in the US is a very unique one unlike other debit situations around the world, and this is because the US is unique it its ways of handling Debit situations and also not forgetting the fact that the US enjoys certain privileges' in its Financial dealings with others.
These privileges is evident in the Ability of US corporations/companies to have a debit of over $1.9 trillion and still able to be in business, despite this high indebtedness the US economy have witnessed a growth stability at 3% and inflation rate below2% and its unemployment rate is close to 4% making US economy the Number 1 in the world. But the consequences this might have in future for The US is that most US companies would go Bankrupt when the Government is unable to churn out good financial policies to sustain this high level of indebtedness
Answer:
New irr = 8.03%(Approx)
Project should be rejected
Explanation:
Given:
Initial value = $148,400
Cash flows;
$42,500
$87,300
$43,200
Internal rate of return = 11%
Computation:
present value = Present value of outflows
148,400 = 42,500/(1+x) + 87,300/(1+x)² + 43,200/(1+x)³
So,
New irr = 8.03%(Approx)
New irr < Internal rate of return
So,
Project should be rejected
Answer:
a.common stock.
Explanation:
The additional $10,000 of owners equity after listing on the stock market will be named as common stock. After listing company issues shares for capital investment in it. Common stock is the appropriate term used for every addition in the owners equity. So the correct option is a.common stock.