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3 years ago

Which of the following accounts would be decreased by a credit entry?

1 answer:

6 0

A Bank account (if bad or good), A Welfare Account (If good, you will no longer receive services.) Card Bureau account can change due to unexpected reasons, can go down or go up.

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Riley is a 50% partner in the RF Partnership and has an outside basis of $56,000 at the end of the year prior to any distributio

Savatey [412]

Answer:

The land basis will be $8,000 and partnership basis will be $42,000.

Explanation:

The outside basis at the end of the year is $56,000.

The cash basis is $6,000.

The fair value of land is $14,000.

The land basis to RF is $8000.

The partnership basis will be

=Outside basis-cash basis-land basis

=$(56,000-6,000-8,000)

=$42,000.

So, the land basis will be $8,000 and partnership basis will be $42,000.

5 0

3 years ago

A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i

saul85 [17]

Tell them to wait patiently, and give them a
drink

7 0

3 years ago

Read 2 more answers

The management of Truelove Corporation is considering a project that would require an initial investment of $321,000 and would l

Art [367]

Answer:

2.6 years

The appropriate response to carry out the project if the payback period is within the acceptable payback period of the company

Explanation:

Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.

Payback period = amount invested / cash flow

Cash flows is used in calculating the payback period.

To derive the payback period from net income, add depreciation to net income

$82,000 + $42,000 = $124,000

$321,000 / $124,000 = 2.6 years

I hope my answer helps you

4 0

3 years ago

In the treatment of U.S. exports and imports, national income accountants _____. rev: 04_09_2018 Multiple Choice subtract export

pogonyaev

Answer:

The correct answer is: add exports but subtract imports in calculating GDP.

Explanation:

National income refers to the production of goods and services by the residents of a nation within the geographical boundaries of a nation in a given period.

In the calculation of national income, net exports are included. This net export is the difference between exports and imports. In other words, we can say that exports are added and imports are included.

6 0

2 years ago

1. Accounts in non-depository institutions are almost always insured by the government. [x]True False 2. All financial instituti

Darina [25.2K]

The right answer for the question that is being asked and shown above is that:

"FALSE." Accounts in non-depository institutions are almost always insured by the government.
"FALSE." All financial institutions are equally safe and beneficial to use.
"TRUE." Financial experts recommend that you compare at least several different financial institutions in your area and find the one that best meets your needs.
"TRUE." Personal financial planning is the process of creating and achieving financial goals
"FALSE." Shared decision-making is always a positive strategy to take

6 0

2 years ago