Answer:
Mar 17.
6150 Bad Debt Expense $1.000 - Debit
1010 CASH Operating Account $275 - Debit
1290 A/REC Allowance for Uncollectible Accounts $1.000 - Credit
1220 A/REC Trade Notes Receivable $275 - Credit
Jul 29.
1290 A/REC Allowance for Uncollectible Accounts $1.000 - Debit
1010 CASH Operating Account $1.000 - Debit
6150 Bad Debt Expense $1.000 - Credit
1220 A/REC Trade Notes Receivable $1.000 - Credit
Explanation:
Answer: $0
Explanation:
From the question, we are informed that Nick and Katelyn paid $1,600 and $2,100 in qualifying expenses for their two daughters, Nicole and Naomi, respectively, to attend the University of Nevada and that Nicole is a sophomore and Naomi is a freshman.
We are further told that Nick and Katelyn's AGI is $202,000. Based on the above scenario, their allowable American opportunity tax credit will be $0. This is because when AGI is more than $180,000 for such taxpayers, the credit is being phased out.
Franklin Roosevelt's economic plans were to help the people by giving them things such as social security, lowering poverty rates, increasing wages and similar, while Ronald Regan's plan was to reduce tax rates so as to increase production and the overall wealth of the people. From this we might conclude that while Roosevelt wanted to help prevent poverty and help the people by through direct means, Regan wanted to help people by helping their employers who would in turn help their employees due to accumulated wealth.
Answer:
A)
Since the money supply is growing at a much faster rate than real GDP in the US, this means that the inflation rate in the US will be higher than the inflation rate in the UK. In both countries the money supply is growing at a faster rate, but the difference in the US is larger (money supply is growing 67% faster that real GDP), while the money supply in the UK is growing 20% faster than real GDP.
This means that the US dollar should depreciate against the British pound.
B)
If you have US dollars, then you should increase your investments in the UK because the pound will be worth more US dollars in the future.
C)
More American goods should be exported to the UK, and less British goods should be imported to the US. Since the US dollar should be cheaper, American products are cheaper. The opposite will happen to British products.
Answer:
$680
Explanation:
Calculation to determine What would be the depreciation expense for the first year of its useful life using the double-declining-balance method
Depreciation expense=3400*(100%/10 * 2)
Depreciation expense=3400*.2
Depreciation expense= 680
Therefore What would be the depreciation expense for the first year of its useful life using the double-declining-balance method is $680
