Answer:
4.67 years.
Explanation:
PB = Years before cost recovery + (Remaining cost to recover ÷ Cash flow during the year)
= 4 + ($2,000 / $3,000)
= 4.67 years.
Investing money is always good when the stock market is good
1- Define how you want to be perceived
2- Organize your business based on this promise
3- Communicate your promise
4- Be consistent
Answer:
Date Account Title Debit Credit
Nov.1 2021 Cash $80,900,000
Notes Payable $80,900,000
When the note is issued, Ontario resources gained $80.9 million in cash so the Cash account needs to be debited to reflect this.
The Notes Payable account will be credited for the same amount because credit balances like liabilities - which is what a note is - are credited when they increase.
The correct answer is C) The relation of tax rate to income
Tax progressivity basically means that the more you earn the higher your taxes are.
