The answer to the question stated above is letter c. <span>sales journal.
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Sales journals<span> are used for recording sales of merchandise on account, it is sometimes termed as credit sales.
Cash sales are </span>not recorded on <span>Sales journal because </span><span>they belong in the </span>cash receipts journal.
Answer:
Sandy is not entitled to any money.
Explanation:
Reasons:
- Sandy was unaware of the original offer for a reward.
- The dog's owner did not accept Sandy's own offer.
Answer:
Roth IRA
Explanation:
Based on this scenario, it can be said that the best recommendation would be a Roth IRA. This is an individual retirement account that non-deductible tax-free growth for retirement at age 59 1/2. As of 2018, the yearly limit for a Roth IRA account is $5,500 meaning that the client in this scenario would not have any problem investing the entire $5000 as soon as they open the account. And since he is in a low tax bracket he should not have any problem opening an Account.
Answer: Option D
Explanation: In simple words, depreciation refers to the reduction in value of an asset which occurs due to the normal wear and tear of that asset over a passage of time.
Depreciation is calculated by dividing the difference of initial value and estimated residual value with the expected useful life.
Hence, from the above we can conclude that the correct option is D .
Answer:
$16,204.91
Explanation:
The computation of the annual payments would be equal to
= Borrowed amount from the bank ÷ present value of an annuity factor for 3 years at 10%
= $40,300 ÷ 2.4869
= $16,204.91
We simply divide the borrowed amount from the bank by the present value of an annuity factor for 3 years at 10 so that the accurate amount can come.
All other information which is given is not relevant. Hence, ignored it
