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3 years ago

Boyd Docker engaged in the following activities in establishing his photography studio, SnapShot!:

Business

1 answer:

kaheart [24]3 years ago

7 0

Answer:

In what form (type of record) should Joel record these three activities? Joel should record these three activities in the General Journal format as it is standardized.

Journal Entries

S/N Account Titles and Explanation Debit Credit

1. Cash $7,590

Common stock $7,590

(To record the investment)

2. Supplies $920

Cash $290

Account payable $630

(To record the purchase of supplies)

3. No Entries - -

(This is because it is just an receiving of quotation)

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Rory threatens physical harm to force Sam to sell his business, Toney Tours, Inc. to Rory for a below market price. This contrac

igomit [66]

Answer:

The options for this question are the following:

a. a legitimate business tactic.

b. duress.

c. fraud.

d. undue influence.

The correct answer is b. duress.

Explanation:

Coercion is a crime against the freedom of persons that involves using violence to prevent a person (the taxable person from the crime) from doing something that is not prohibited by law, or performing a behavior against his will.

The violence used in this crime, not only refers to a physical force, but also to a psychological or moral violence such as personal intimidation, as well as the use of force in things.

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4 years ago

Can I get a bunch of different opinions on this job application I'm about to turn in. Is there anything I should add or remove b

Tamiku [17]

It seems fine to me at the part where it says when you work if you are going to abbreviate days then abbreviate them all and that's pretty much all I have to say

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4 years ago

You need a loan of â€‹$140,000 to buy a home. Calculate your monthly payments and total closing costs for each choice below. Bri

nadezda [96]

Answer:

Monthly Payment for Choice 1=$665.16
Monthly Payment for Choice 2=$627.10
Total Closing Cost for Choice 1=$241557.60
Total Closing Cost for Choice 2=$233456
(A)Choice 1 be the better choice the monthly payment is higher.
(D)Choice 2 be the better choice because the monthly payment is lower.

Explanation:

Amount of Loan needed = $140,000

A point is an optional fee which helps you get a lower interest rate on your loan.
Closing costs are the fees you pay when obtaining your loan.

<u>Choice 1</u>

30-year fixed rate at 4% with closing costs of $2100 and no points.

Monthly Payment

P=$140,000

Monthly Rate=4% ÷ 12=0.04 ÷ 12=0.0033

n=12 X 30 =360

$=\dfrac{Pr(1+r)^n}{(1+r)^n-1}$

$=\dfrac{140000X0.0033(1+0.0033)^{360}}{(1+0.0033)^{360}-1}\\=\dfrac{462(1.0033)^{360}}{(1.0033)^{360}-1}\\=\$665.16$

Monthly Payment=$665.16

Total Closing Cost =(665.16 X 360)+2100=$241557.60

<u>Choice 2</u>

30-year fixed rate at 3.5% with closing costs of $2100 and 4 points.

Monthly Payment

P=$140,000

Monthly Rate=3.5% ÷ 12=0.035 ÷ 12=0.0029

n=12 X 30 =360

$=\dfrac{Pr(1+r)^n}{(1+r)^n-1}$

$=\dfrac{140000X0.0029(1+0.0029)^{360}}{(1+0.0029)^{360}-1}\\=\dfrac{406(1.0029)^{360}}{(1.0029)^{360}-1}\\=\$627.10$

Monthly Payment=$627.10

Total Closing Cost =(627.10 X 360)+2100+(4% of 140000)=$233456

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3 years ago

After the accounts are adjusted and closed at the end of the year, Accounts Receivable has a $450,000 balance and Allowance for

Vedmedyk [2.9K]

Answer:

$425,000

Explanation:

The computation of the net realizable value of the Accounts Receivable is shown below:

= Balance of account receivable - credit balance of Allowance for Uncollectible Accounts

= $450,000 - $25,000

= $425,000

We simply deduct the credit balance from the balance of account receivable so that the net realizable value could come

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3 years ago

What are examples of intellectual property? Check all that apply.

laila [671]

Answer:

A painting and a story

just took the test

Explanation:

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3 years ago