Answer:
Wang Company
Statement of financial position
Equity and liabilities
Issued share capital $70,000
Retained earnings $45,000
115,000
Assets
Non-Current assets
Fixed assets $22,000
Current assets
Cash in hand $93,000
$115,000
Wang company
Income statement
Net sales $88,000
Cost of sales $38,000
Gross margin $50,000
Less:admin expenses $5,000
Net Profit $45,0000
Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.
<h3 /><h3>What is Accounting?</h3>
Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.
T Accounts should be made as follows.
Assets
DR $1500 Computers
DR $650 Furniture
DR $334 Van Payment
Expenses
DR $420 Office Supplies
DR $250 Electric Company
DR $100 Water
DR $250 Office Supplies
Petty Expenses
DR $150 Steak House
DR $100 Fuel Stop
The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.
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Answer:
thats a long video I'll pass
Answer:
Political risk
Explanation:
Investment is an example of Political risk of the following risks?
Answer:
Yes, blockbusting
Explanation:
A realtor putting up an advertisement that says "sell now before it's too late" can be in trouble for such advertisement as the realtor is creating fear/panic in the minds of the inhabitants of the neighborhood.
The realtor will be charged under the premise of blockbusting. Blockbusting is a business process in the USA in which real estate agents and developers convince property owners to sell their properties at low or cheap prices by creating fear in the property owners about racial minorities invasion of the neighborhood.
Simply put, blockbusting is the creation of panic in property owners about the invasion of their neighborhood by racial minorities , hence the need to sell their properties for a cheap price.
I hope this helps.
