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Kruka [31]
3 years ago
13

Use the following items to prepare a balance sheet and a cash flow statement.

Business
1 answer:
Natali5045456 [20]3 years ago
8 0

Answer:

Total Assets=$18,170     Networth=Assets-Liabilites=$15,855

Total Liabilties=$2,315         Cash Outflows =$3,925  

Cash Inflows=$0

Explanation:

Total Assets  

Checking Account   450.00  

Savings Account   1,890.00  

Automobile   7,800.00  

Loan payment   (80.00)

Household Possession   3,400.00  

Stereo Equipment   2,350.00  

Computer                 1,500.00  

Stock Investment         860.00  

                       18,170.00  

Total Liabilties  

Loan                  2,160.00  

Credit balance   235.00  

Loan payment   (80.00)

                    2,315.00  

Networth=$18,170-$2.315=$15,855

 Cash Outflows  

Rent   650.00  

Salaries   1,950.00  

Food   450.00  

telephone    65.00  

Insurance   230.00  

Electricity   90.00  

Lunch/Parking   180.00  

Donation              70.00  

Purchase             110.00  

Restaurant Spending   130.00  

                          3,925.00  

Cash Inflows=$0

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Answer: $450

Explanation:

A Promissory note is a type of notes which carry a fixed interest rate. In a Promissory note, the issuer of the note has made a promises to pay a fixed amount with interest on the maturity date to the payee.

Answer and Explanation:

Face value of the promissory note = $10,000

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Interest rate = 9%

Interest payable on maturity = $10,000 × 9% × 180/360

= 10,000 × 0.09 × 0.5

= $450

The total interest due on the maturity date is $450.

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3 years ago
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The correct option is C.
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Kaye Blanchard is 50 years old. She has $66000 of adjusted gross income and 15,200 of qualified medical expenses. She will be it
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Deductible amount is $10,250

A deductible is an expense that an individual taxpayer or a business can deduct from adjusted gross income when filling out a tax form. Deductible expenses lower taxable income and, as a result, the amount of income taxes owed.

Most wage earners take the standard deduction; however, those with extremely high deductible expenses can itemize to reduce their tax bill.

Individual tax deductions for individuals include student loan interest, self-employment expenses, charitable donation deductions, and mortgage interest deductions.

Payroll, utilities, rent, leases, and other operational costs are examples of business deductibles.

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Deductible amount is $10,250

To learn more about Deductible amount, refer:

brainly.com/question/4289977

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