answer options ? I cant answer without options lol
The owner of a business invested $5,000 in the business. Total assets and liabilities increase on the fundamental accounting equation.
<h3>What are assets ?</h3>
Financial accounting classifies as an asset any resource that a business or other economic organization owns or manages. Anything that has the potential to provide positive economic value qualifies. The ownership value that can be turned into cash is represented by assets.
<h3>What are liability ?</h3>
A liability is defined in financial accounting as the future economic advantages that an entity must forgo for other entities as a result of previous transactions or other previous events.
<h3>Difference between asset and liability </h3>
Any possessions that could possibly result in future financial gain are considered a company's assets. Your debts to other people are called liabilities.
To know more about transactions visit :
brainly.com/question/24730931
#SPJ4
Answer:
B
Explanation:
If an investment adviser representative transacting business in a state terminates employment with a state registered investment adviser, both the representative and the investment adviser must notify the Administrator promptly.
Answer:
Karen will owe an interest amount of=$36.75
Explanation:
<em>Step 1: Determine the total amount after a month </em>
The total amount compounded annually can be expressed as;
A=P(1+R/n)^(nt)
where;
A=total amount
P=principal amount
r=annual interest rate
n=number of periods the interest is compounded annually
t=number of years
In our case;
A=unknown
P=$2,450
r=18%=18/100=0.18
n=12
t=1/12
replacing;
A=2,450(1+0.18/12)^(12×1/12)
A=2,450(1+0.18/12)^1
A=2,450(1.015)
A=$2,486.75
<em>Step 2: Determine the interest amount after a month </em>
Interest amount=total amount-principal amount
where;
total amount=$2,486.75
principal amount=$2,450
replacing;
Interest amount=2,486.75-2,450=$36.75
The interest amount=$36.75
