All categories

3 years ago

You need a quick $20 for dinner with a friend at a place that doesn't take credit cards. What should you do?

Business

2 answers:

blsea [12.9K]3 years ago

8 0

I think number 1 because why to borrow money when u have ur own

Nana76 [90]3 years ago

3 0

This question is really opinionated. In my opinion, I'd choose option 1, but I'm sure option 2 works as well. I think this is really up to you.

You might be interested in

Equity method journal entries (price greater than book value) An investor purchases a 25% interest in an investee company, and t

Crazy boy [7]

Answer:

See answer an explanation below.

Explanation:

The journal entries will look as follows:

General Journal

Description Debit ($) Credit ($)

Equity investment 145,000

Cash 145,000

(To record purchase of investment.)

Cash 25,000

Income from equity investment (w.1) 25,000

(To record equity income.)

Cash 20,000

Equity investment 20,000

(To record receipt of cash dividend.)

Income from equity investment 2,000

Equity investment (w.2) 2,000

(To record patent amortization expense.)

Cash 180,000

Gain on sale of equity invest. (w.4) 32,000

Equity investment (w.3) 148,000

(To record sale of investment.)

Workings

w.1: Income from equity investment = Investee's net income * Percentage of interest = $100,000 * 25% = $25,000

w.2: Equity investment = (Patent value / Remaining useful life) * Percentage of interest = ($80,000 / 10) * 25% = $8,000 * 25% = $2,000

w.3: Equity investment = $145,000 + $25,000 - $20,000 - $2,000 = $148,000

w.4: Gain on sale of equity investment = Sales proceed - w.3 = $180,000 - $148,000 = $32,000

4 0

3 years ago

Blossom Company purchased a machine with a list price of $168000. They were given a 10% discount by the manufacturer. They paid

mixer [17]

Answer:

$11,870

Explanation:

Given:

List price = $168,000

Discount = 10%

Shipping cost = $1,000

Sales tax = $6,500

Salvage value = $40,000

Useful life = 10 years

Now,

Purchasing price = List price - Discount

Purchasing price = $168,000 - [10% × $168,000]

Purchasing price = $168,000 - $16,800

Purchasing price = $151,200

Costs that are directly related to the purchase of asset are capitalized.

Thus,

Cost = Purchasing price + Shipping costs + Sales tax

Cost = $151,200 + $1,000 + $6,500

Cost = $158,700

Now,

Annual straight line depreciation = $\frac{Cost-Residual Value}{Useful life}$

Annual straight line depreciation = $\frac{158,700 - 40,000}{10}$

Annual straight line depreciation = $\frac{118,700}{10}$

Annual straight line depreciation = $11,870

8 0

3 years ago

Is the process of planning, scheduling, and then controlling the activities during system development?

bogdanovich [222]

This process is called project management it leads a team or group of people with this process to achieve a goal they want or need to meet but sometimes at a certain time. I hope this helps!

8 0

3 years ago

Bank deposits that can be withdrawn on demand in various ways, including with a check or debit card, are called:

Nady [450]

Answer:

Demand deposits is the answer of your question

4 0

3 years ago

When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased,

Romashka-Z-Leto [24]

When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased, assure the receiver of your concern, offer assistance, and conclude on a reassuring note.

Explanation:

Certain points that are to be kept in Mind when writing a Condolence Messages are:

Don't unintentionally say the wrong thing in a sympathy message
The Condolence message should be short and crisp
In the message try to recall a funny memory of the deceased.
In the message ,you should not simply sign rather mention your full first and surname.
Don't mention any financial obligation of the deceased or offer any financial help
Don't try to offer any other help like cooking a good meal

Thus we can say that ,When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased, assure the receiver of your concern, offer assistance, and conclude on a reassuring note.

3 0

3 years ago