The answer to this point is 950 per month for each house
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A 2016 Aspen Institute study shows participation in most youth sports has steadily declined since 2008, based on our lecture and the reading, the most likely reason is family income not being able to keep pace with the cost of participation.
<h3>Why is it important for the youth to be involved in community action?</h3>
Community participation helps youth become empathetic citizens who could potentially continue similar work when they become adults. Additionally, youth who give back to their communities develop leadership skills, learn the importance of helping, and gain work experience.
Youth participation activities are non-formal learning activities revolving around the active participation of young people. Such activities aim to enable young people to experience exchanges, cooperation, and cultural and civic action.
To learn more about Youth participation visit the link
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Answer: Option D
Explanation: Owners equity refers to the amount of funds made available by the owners to operate the business activities. It includes initial capital invested and profits generated for the period
In the given case, the expense of $800 did not bring any assets or liabilities to the entity. Such an expense will be recorded in income statement leading to decrease in profits, thus, resulting in decrease in owners equity.
Answer:
1. Calculate Cookie Creations’ warranty liability for the shipping costs at December 31, 2020.
warranty liability = 30 x 10% x $60 = $180
2. Record the estimated warranty liability at December 31, 2020.
Dr Warranty expense 180
Cr Warranty liability 180
3. Prepare the summary journal entry (or entries) to record the shipment of the six mixers (four from the 2020 sales and two from the 2021 sales) for warranty repair in 2021.
Dr Warranty liability (= $210 + $55) 265
Cr Cash 265
4. Calculate Cookie Creations’ warranty liability at December 31, 2021.
warranty expense = ($210 - $180) + [(40 x 10% x $60) - $55] = $30 + $185 = $215
Dr Warranty expense 215
Cr Warranty liability 215
