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3 years ago

Bonita’s Vegetable Market had the following transactions during 2017:

Business

1 answer:

nika2105 [10]3 years ago

7 0

Answer:

$15,800

Explanation:

CASH FLOW FROM FINANCING ACTIVITIES:

Issued common stock $47,000

Paid Note Payable ($24,000)

Paid cash dividend ($7,200)

Net Cash Inflow (Outflow) from Financing Activities $15,800

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Classify each of the following based on the macroeconomic definitions of saving and investment:1. Saving Investment Kyoko borrow

r-ruslan [8.4K]

Answer

The classification is shown below:

Explanation:

The saving refers to the amount i.e above its consumption expenditure let us take an example if an individual salary is $100,000 and its expenditure assumes $50,000 then it saves $50,000 so the $50,000 is the savings. While the investment is the amount that is spent to buy some assets in terms of building, machinery, home, etc.

So the classification is presented below:

a. Kyoko borrows money to build a new lab for her engineering firm. = Investment

b. Rina purchases stock in Nano Speck, a biotech firm. = saving

c. Musashi takes out a mortgage for a new home in Detroit. = investment

d.Jacques purchases a corporate bond issued by a car company. = saving

6 0

3 years ago

Nishi Corporation prepares financial statements for each month-end. As part of its accounting process, estimated income taxes ar

choli [55]

Answer:

1. $4,100

2a. Dr Income tax Expense $4,100

Cr Income tax payable $4,100

2b. Dr Income tax payable $33,926

Cr Cash $33,926

Explanation:

1. Calculation to Determine the amount of the accounting adjustment

Income tax payable for quarter 4 $33,926

Less: Unadjusted balance in Income tax payable account $29,826

Accounting adjustment to be done as on Dec 31 $4,100

2a. Preparation of journal entries to record December 31

Adjustment to the Income as on Dec 31

Dr Income tax Expense $4,100

Cr Income tax payable $4,100

2b. Preparation of the Journal entry to record later January 20 payment of the fourth-quarter taxes.

January 20 payment of the fourth-quarter taxes.

Dr Income tax payable $33,926

Cr Cash $33,926

3 0

3 years ago

Sally’s parents deposited $15,000 into a college savings account on her third birthday. The account had an interest rate of 9.6%

kozerog [31]

Answer:

The correct option is yes,the $15,000 will double each 7.5 years.In 15 years ,it will double twice.

Explanation:

The 72 rule stipulates that the number of years it would take an investment to achieve accumulate a certain amount- future value, can be computed by dividing 72 by the interest rate earns by the investment

N, the number of years=72/9.6

=7.5 years

Invariably,in 7.5 years' when Sally would have been 10.5 years(3 years now+7.5 years) the investment would have doubled.

By another 7.5 years when Sally would have been 18 years(10.5 years +7.5 years), the investment would have doubled twice.

The 72 rule is fast-track approach to calculating the duration of an investment.

7 0

3 years ago

Read 2 more answers

If a product is to be properly commercialized, there must be integration between __________ and __________.

Marina CMI [18]

<span>If a product is to be properly commercialized, there must be integration between finance and marketing.</span>

5 0

3 years ago

Which of these lenders would be least likely to approve a short sale? unset starred question conventional lenders credit unions

Semenov [28]

Junior Lenders would be least likely to approve a short sale.

What is a junior interest?

Junior Interest means a performing junior participation interest in a stabilized or transitional senior commercial, multifamily fixed or floating rate mortgage loan secured by a first lien on multifamily and commercial properties or a subordinate portion of a Senior Mortgage Loan evidenced

Is a take out loan the same as junior mortgage?

A junior mortgage is a second mortgage loan that you take out against your home's equity using the property as collateral. A junior mortgage assumes that you already have a mortgage that's also secured by the home. A junior mortgage forms a second lien against the property.

Learn more about junior lender:

brainly.com/question/1344597

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4 0

2 years ago