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3 years ago

A psychic claims he can predict the future. this is known as _____.

1 answer:

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This is known as PRECOGNITION.
In psychology, precognition is defined as the ability to perceive or see a future event before it happens by means of extrasensory perception. It is considered as a form of extrasensory perception because, it operates without recourse to the normal senses.

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The accounts receivable credit column of the cash receipts journal is

Ne4ueva [31]

The accounts receivable credit column of the cash receipts journal is "posted in summary at the end of the month and by individual amounts on a daily basis".

Option: D

Explanation:

In general ledger the sums in the debit and credit column are reported personally. The calendar of receivable accounts is lists of all clients 'accounts, account balances, and total amount due. Here the accounts receivable credit column are those in which the cash receipts journal column is the sums that are added separately to the receivable ledger accounts. Although debit column accounts payable are those in which cash payments journal column is the sums that are added separately to the accounts payable ledger.

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3 years ago

Andy's business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to contin

Aleks [24]

Answer:

The answer is: She should file for Chapter 7 Bankruptcy; The discharge of debts

Explanation:

Under Chapter 7, you must first prove that your income is insufficient to allow you to pay at least a portion of your debts. There is a mathematical form for making the calculation. If you have enough income, you will need to file under Chapter 13 instead.

Under Chapter 7 you either pay your debts or give up your property for secured debts. You surrender any nonexempt property (e.g. a second house not used as primary residency, investments, artwork, jewelry, etc.) in order to pay off as much of your debt as possible.

You are able to keep all your exempt property and you are no longer in obligation to repay the remaining debt.

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4 years ago

Mike paid $4,000 of interest on a qualified education loan that he used to pay for his dependent son’s college education. How mu

Dmitry [639]

Answer:

$1,250

Explanation:

The cap for student loan in behalf of your son if deductible up to 2,500.

The requirement are:

qualified loan.

married filing jointly which aren't dependents on someone else's tax return

Income below for married filing jointly: 135,000

Above this, it pahses out gradually until 165,000 dollars.

Therefore, the calculation are as follow:

interest paid: 4,000

cap: 2,500

max deduction: 2,500

according to income:

135,000 -> deduction for 2,500

165,000 -> deduction for 0

Mike and his spouse income: 150,000

150,000 is half way so they can deduct half the amount: 1,250

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4 years ago

Power industries has acquired a patent for $16,000. its useful life is expected to be four years. Prepare the yearly journal ent

goblinko [34]

If Power industries has acquired a patent for $16,000. its useful life is expected to be four years. The yearly journal entry to recognize periodic amortization is: Debit Amortization Expense - Patents $4,000; Credit Patents $4,000.

<h3>Journal entry </h3>

If the company has acquired a patent for the amount of $16,000 in which the useful life is expected to be four years. The appropriate journal entry to recognize periodic amortization is:

Power industries journal entry

Debit Amortization Expense - Patents $4,000

Credit Patents $4,000

($16,000/4 years)

(To record periodic amortization recognized)

Therefore the yearly journal entry to recognize periodic amortization is: Debit Amortization Expense - Patents $4,000; Credit Patents $4,000.

Learn more about Journal entry here:brainly.com/question/14279491

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8 0

2 years ago

Which type of firearm sight is simple, inexpensive, and standard on most handguns?

Nimfa-mama [501]

An open sight is simple, inexpensive, and standard on most handguns. They allow the shooter to easily see the target without any magnification or optic fibers. They cost much less than telescopic or fiber optic options, and can be either fixed or adjustable on the handgun.

6 0

3 years ago