Answer:
Household budget for someone aged 25 to 30 is given below.
Explanation:
Income $1,200
Particulars Budget Amount Actual Expense Difference
House Rent $300 $300 0
Utility Bills $85 $93 -8
Groceries $195 $175 20
Clothing expense $50 $78 -28
Entertainment $20 $55 -35
Laundry $5 $6 -1
Study material $10 $25 -15
Around 69% of people went to college.
Answer:
A
Explanation:
Net working capital is the difference between current assets and current liabilities.
To understand better, let us assume that the current assets of a company is $50 million and the current liabilities is $10 million. The net working capital is $40 million
If the company increased current assets to $70 million and reduced current liabilities to $5 million. the net working capital is $65 million
So, net working capital increases when a firm increases its current assets and decreases its current liabilities
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $768,000
Service Charge Expense A/c $32,000
To Accounts Receivable A/c $800,000
(Being the cash is received and the remaining balance is debited to the cash account )
The computation of the service charge expense is shown below:
= Accounts Receivable × service charge percentage
= $800,000 × 4%
= $32,000
Answer:
No, Anne can't do this.
Explanation:
Anne is acting as an agent which means there's a principal -agency binding contract and underlies the laws and duties that Anne has to perform keeping in her mind. Anne's duty is to act for the benefit of the principal i.e. owner of Marshall mechanical contractors ,such a duty is called fiduciary duty. A duty based on trust and loyalty.
So if Anne were to go and buy the land using confidential information and acting against her duties levied on her by law ,it would be a violation of fiduciary duty .