Property damage liablity is a type of coverage that incurred if you damage other people's vehicle.The amount of minimum coverage that you must have for property damage liablity (PDL) would be differ depending on which state where you lived in.
But on average, the amount of minimum coverage is around $10,000.
Answer:
The amount of annual rental payment = $4,906.205 per annum
Explanation:
Amount of lease payment that Mequon Inc must demand for earning 6% rate of return i.e discounting factor:
=3.465
Amount that will be paid per year:
[(Value of machinery-resifual value at the end of 4 yers expected by Mequon)/discounting factor for 4 years at 6%]
=($47,000-$30,000)/3.465
=$4,906.205(approx.) per annum.
Answer:
$2,600 in the Accounts Receivable Dr./Sales Cr. column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr. column.
Explanation:
If we assume that Maxie's Game World uses a perpetual inventory system, the appropriate journal entries should be:
Date XXX, merchandise sold on credit to client YYY, terms 1/10, n/30
Dr Accounts receivable 2,600
Cr Sales revenue 2,600
Dr Cost of goods sold 1,700
Cr Merchandise inventory 1,700
The method for opening a file is Double-clicking on the file icon
Files enables you to store your information on the computer storage.
Double-clicking means to click on a mouse twice after placing your cursor on the file icon you want to open.
Once you double click on the file icon the file will open which will enable you to access the data or information you store in computer system.
Inconclusion The method for opening a file is Double-clicking on the file icon.
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Answer:
$4,010
Explanation:
Given that
Provide lesson on account = $4,200
The company received on account = $3,600
And, in addition the amount received from customers on account is $410
So, the operating cash flow is
= The company received on account + the amount received from customers on account
= $3,600 + $410
= $4,010
Ignored the company received on account