Answer:
Checking account is what you can use, and ibca is account that has interest rate.
Explanation:
Answer and Explanation:
The journal entry to record the tax provision is given below:
Income tax expenses $48,840,000
Deferred tax assets ($10,900,000 ×0.40) $4,360,000
To Deferred tax liability (($15,900,000 + $1,900,000)×0.40) $7,120,000
To Income tax payable ($129,000,000 ×0.40) $51,600,000
(To record income tax expenses)
Here the income tax expense and deferred tax asset should be debited as it increased the asset and expenses and credited the liability & tax payable as it increased the liability
<span>$11,320 with its interest rate over the year will be $13659.84. If Francine paid $436 each month for a year he would have paid off $5232 in a year. His debt balance would still be remanding at $8427.84. Francine will have paid off a large amount of his payment plan with the company however he will still be required to spend 18 months or so to pay back what he owes as there was a a 20.67% interest sum added to his payment plan with the company.</span>
Answer:
$ 480 000
Explanation:
Assets : $700 000(@ beginning of year )
$100 000 increase (during year )
700 000+100 000=$800 000(@end of year)
Liabilities : $400 000(@ begininng of year )
$80 000 decrease (@ during of year)
400 000-80 000=$320 000 (@end of year)
Asset = Equity + Liability
Amount of owner’s equity at the end of the year (let x = owners equity)
800 000= x + 320 000
x= 800 000 - 320 000=$480 000
Calculation of Commission earned:
We are given that Joan sells new cars at a local dealership and she receives a 15% commission on profit.
So we can say that :
Commission earned = 15% * Total profit
Last week she sold 9 cars for the total of $10,870 dealer profit
Hence Commission earned shall be calculated as follows:
Commission earned = 15% * Total profit
Commission earned = 15% * 10870 = $1,630.50
Hence, the Commission earned by Joan is <u>$1,630.50</u>
