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UkoKoshka [18]
4 years ago
14

What does it mean to be in the black?"

Business
1 answer:
Vladimir [108]4 years ago
3 0

Answer:

C. You have more credits than debits.

Explanation:

In the financial world, certain terms are used that are understood by those in the financial world. One such word is the phrase "being in the black".

This phrase<u> "being in the black" means when someone of a company has more credits than debits</u>. This means that the inflow of money is more than outgoing. So, it is a good thing and that the company or the person is in a stable condition, not in debt, and financially solvent and safe.

Thus, the correct answer is option C.

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Mitch, a single tax-payer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bon
goldfiish [28.3K]

Answer:

E) None of the choices are correct.

<em>18.289,26‬</em>

<em>As we given an option with two decimals which are different from the calculated amount we should take it as incorrect. </em>

<em></em>

Explanation:

The municipal bonds are tax free. Therfore, not included.

We will calcuatae based on 2019 income tax brackets for single-taxers

between $82,501 to $157,500 the amount is $14,089.50 + 24% of the amount over 78,950

100,000 - 82,501 = 17,499

17,499 x 24% = 4,199.76

14,089.50 + 4,199.76 =<em> 18.289,26‬</em>

3 0
3 years ago
What changes over time depending on the rate of return?
valentina_108 [34]
It changes over time, depending on the expected rate of return on productive assets exchanged among market participants and people's time preferences for consumption.

4 0
4 years ago
A Life Settlement Broker is exclusively the representative of the __________ who seeks to sell his interest in the policy.
mote1985 [20]

Answer:

Policy owner

Explanation:

A Life Settlement Broker must be a practicing, experience and licensed Life agent who represents the owner and performs a fiduciary duty to the owner to act in accordance with the owner's best interest and instructions.

6 0
3 years ago
Read 2 more answers
What is an example of a general safety hazard?
LuckyWell [14K]
Hey there,

<span>What is an example of a general safety hazard? 

The main general safety hazard that could be a hazard would be a </span>potential damage, harm or adverse health effects on anything or anyone/anybody. This concludes that your correct answer would be \boxed{poorly \ maintained \ equipment}&#10;. Because if a workplace is not maintain well, safety hazards can most likely occur.

~Jurgen
6 0
3 years ago
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S. Gunner purchased a piece of equipment costing $6,000. She paid $1,000 immediately and put the rest on account. Show how to re
quester [9]

Answer:

6,000 on the left side of Equipment account; $5,000 on the right side of Accounts payable account; $1,000 on the right side of the Cash account

Explanation:

When fixed assets are bought whether paid for or not, debit the asset account with the monetary value if the asset, and credit cash or bank if payment is made or credit account payable account where purchase is on credit.

In this case, the following entries should be done:

Debit     Equipment Account   $6,000

Credit    Cash Account             $1,000

Credit    Account Payable        $5,000

 

8 0
3 years ago
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