Answer:
B
Explanation:
That's the only one that is fair
Answer:
The expenses can be recorded as follows;
Debit to the expenses of $33,000 and a credit to the cash account of $33,000.
Explanation:
The accounting equation is an equation that tends to balance a company's assets on one side and the sum of its liabilities and shareholders equity on the opposite side of the equation. It form the basis for the double-entry system in accounting that includes an accounts debit and credit. The debit is a sum to an amount that is owed, it is usually listed on the left hand-side of an account while the credit is a listing of a sum that is received usually on the right hand side of an account.
In the case of Michael Barry, the accounting equation;
Assets=liabilities+stockholders equity
Assets=$126,000
Liabilities=$74,000
Stockholders equity=$52,000
liabilities+stockholders equity=74,000+52,000=$126,000
The assets equals the sum of the liabilities and stockholders equity.
To record expenses paid of $33,000;
Debit Credit
Expenses $33,000
Cash $33,000
Answer:
$1,423.39
Explanation:
For computing the current bond price we use the present value formula i.e to be shown in the attachment below:
Given that,
Future value = $1,000
Rate of interest = 6% ÷ 2 = 3%
NPER = 13 years - 1 year = 12 years × 2 = 24 years
PMT = $1,000 × 11% ÷ 2 = $55
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
After applying the above formula, the current bond price is $1,423.39
Answer:
socially responsible funds
Explanation:
socially responsible funds
An investment plan that is socially conscious is one that finds good returns on investment and ethical business practices to go hand in hand. SRI investors think they can find securities that will receive attractive returns and help create better world by incorporating those social requirements with robust investment standards.
Investment Gains. One of the primary benefits of investing in the stock market is the chance to grow your money. Over time, the stock market tends to rise in value, though the prices of individual stocks rise and fall daily. Investments in stable companies that are able to grow tend to make profits for investors.
sooo the answer should be...
B. they allow companies to generate income.
hope this helps!