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3 years ago

1. When does a home seller generally fill out a property condition disclosure form?

Business

2 answers:

zubka84 [21]3 years ago

8 0

When selling a house

Angelina_Jolie [31]3 years ago

6 0

A home seller generally fill out a property condition form as soon as he or she decides to sell the property.

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Suppose that a country has no public debt in year 1 but experiences a budget deficit of $20 billion in year 2, a budget deficit

klemol [59]

Answer:

1) this country's public debt = $42 billion

2) incomplete question

Explanation:

A budget deficit is the difference between a country's income and its expenditures, a deficit occurs when expenditures are larger than revenues. The public debt would be the accumulation of all the country's budget deficits or surpluses.

public debt = -$20 - $30 + $10 - $2 = -$42 billion

6 0

4 years ago

The ability to attract and manage _________may be the most important skill a strategic leader must have.

Mars2501 [29]

Answer:

Human Capital

Explanation:

A leader must be able to control a team (human capital), lead it, and push them to obtain the results needed.

6 0

2 years ago

In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales.1. Cervi

Fofino [41]

Answer:

The entry to record the sales transactions and related taxes for Quartz Company would be as follows:

Debit Credit

Cash $23,100

Sales $22,000

Sales taxes $1,100

Cash $13,780

Sales $13,000

Sales taxes $780

Explanation:

In order to prepare the entry to record the sales transactions for Quartz Company we would have to make the following calculation:

According to the given data On April 10, the register totals are sales $22,000 and sales taxes $1,100, hence, cash=$22,000 +$1,100=$23,100

Therefore, the entry to record the sales transactions for Quartz Company would be as follows:

Debit Credit

Cash $23,100

Sales $22,000

Sales taxes $1,100

In April 15 the cash is $13,780, which includes a 6% sales tax, therefore, the sales would be calculated as follows:

sales=$13,780/6%

sales=$13,000

hence, sales taxes=$780

The entry to record the sales transactions and related taxes for Quartz Company would be as follows:

Cash $13,780

Sales $13,000

Sales taxes $780

5 0

4 years ago

D’Lite Dry Cleaners is owned and operated by Joel Palk. A building and equipment are currently being rented, pending expansion t

lisov135 [29]

Answer:

1) equity = assets - liabilities

equity = $45,000 + $93,000 + $7,000 + $75,000 - $40,000 = $180,000

2) Since there is not enough room here, I used an excel spreadsheet to prepare the accounting equation.

3) D’Lite Dry Cleaners

Income Statement

For the month ended July 31, 202x

Revenues $116,875

Expenses:

Dry cleaning expense $29,500
Rent expense $6,000
Wages expense $7,500
Truck expense $2,500
Supplies expense $3,600
Utilities expense $1,300
Miscellaneous expense $2,700 ($53,100)

Net income $63,775

D’Lite Dry Cleaners

Balance Sheet

For the month ended July 31, 202x

Assets:

Cash $95,325

Accounts receivable $89,750

Supplies $5,900

Land $125,000

Total assets $315,975

Liabilities:

Accounts payable $49,200

Equity:

Capital $266,775

Total liabilities and equity $315,975

D’Lite Dry Cleaners

Statement of Owner’s Equity

For the month ended July 31, 202x

Palk, Joel, capital, beginning balance $180,000

Additional capital raised $35,000

<u>net income $63,775</u>

subtotal $278,775

<u>drawings ($12,000)</u>

Palk, Joel, capital, ending balance $266,775

Download pdf

3 0

3 years ago

X Company must replace one of its current machines with either Machine A or Machine B. The useful life of both machines is seven

Anastaziya [24]

Answer: 0 years

Explanation:

The payback period calculates the amount of time taken to recoup the initial investment made in a project or in the purchase of a machine or building. It calculates how long the cumulative cash flow generated from a project equals the cost of the project.

The payback period for both machines are zero years because the cumulative cash flow is less than the cost of the machine.

For machine A - cumulative cash flow- $-47,000 is less than -$71,000

For machine B - cumulative cash flow, -$7,000 is less than -$52,000

Explanations on how the figures were derived is found in the attached tables.

7 0

4 years ago