Answer:
False
Explanation:
Given that,
Accounts receivable = $30,000
Factoring fee charged = 2%
Therefore,
Factory fee = 2% of Accounts receivable
= 2% × $30,000
= $600
The amount $600 has to be subtracted from the accounts receivable.
Hence, the journal entry is as follows;
Cash A/c ($30,000 - $600) Dr. $29,400
Factory fee Expense A/c Dr. $600
To Accounts Receivable $30,000
(To record the account receivable)
Answer:
Gross income = $1,000
Explanation:
Given:
Total beneficiary of insurance amount = $100,000
Total number of equal payment = 10
Each installment amount receives = $11,000
Computation of each payment amount proposed:
Each payment amount proposed = $100,000 / 10
Each payment amount proposed = $10,000
Computation of gross income:
Gross income = Each installment amount receives - Each payment amount proposed
Gross income = $11,000 - $10,000
Gross income = $1,000
Answer:
6%
Explanation:
According to my research on U.S Census in the 1790's, I can say that based on the information provided within the question the National Archive estimates approximately 6% were eligible for participation in the political system. Since the National Archive and Records Administration is the organization in the U.S responsible for preserving and documenting all government and historical records, then we can say that this information is valid.
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The annual IRS depreciation deduction is $40,375.
Depreciation deduction is an annual profits tax deduction that permits you to recover the value or other basis of sure property over the time you operate the property. Depreciation = (Cost of the property - Salvage value)/Serviceable lifetime; ($475,000 × 0.85)/10 = $40,375.
Depreciation is allotted with the intention to price an honest proportion of the depreciable quantity in each accounting period throughout the predicted beneficial life of the asset.
Depreciation is used on an earnings announcement for almost every business. It is listed as an expense, and so needs to be used each time an object is calculated for yr-quit tax functions or to decide the validity of the item for liquidation functions.
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Answer:
a) Zero
Explanation:
As we know that
beta = Covariance (Stock return , Market return) ÷ market return variance
Now in the case when the covariance of return that lies between the stock and the market equivalent to zero so the beta of the stock would be zero
As if you divide by zero so the result would be zero
Therefore as per the given option, the option A is correct