Answer: Double-entry bookkeeping, in accounting, is a system of book keeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides known as debit and credit. Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation,
Answer:
D). Working Class.
Explanation:
Working class citizens are said to earn from $15000 to $45000 per annum. Therefore Eddie and Dustin fall in this circle.
Social classes are hierarchical groupings of individuals that are usually based on wealth, educational attainment, occupation, income, or membership in a subculture or social network. Many Americans recognize a simple three tier model that includes the upper class, the middle class, and the lower or working class. Meanwhile, some scholars deny the very existence of discrete social classes in American society.
The information described above is a Market Survey/Research. A market survey is research included in a business plan that must be carried out prior to starting a business.
<h3>What is a
business plan?</h3>
A business plan is a document that outlines the results of a person's market research and must contain the following:
- Sales plans
- Market Strategy
- Financial Strategies
- Risk Management plans etc.
Learn more about business plans at:
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Answer:
$1696.51
Explanation:
70% of $130 000 = $91 000; number of payments = 12 * 5 years = 60 months
; 4.5% is converted to 4.5/1200 to accommodate the monthly repayments being calculated.
Loan monthly repayment
= principal [ interest (1+ interest)^ number of payments] / [(1+interest)^number of payments - 1]
$91 000 [(4.5/1200* (1+ 4.5/1200)^ 60)] / [((1+4.5/1200)^60) - 1]
= 1696.514751
= 1696.51
Answer: The meaning of depletion to allocate the cost of extracting natural resources like oil and minerals from the earth.
Explanation:
- The term depletion is a concept generally we use in tax and accounting.
- The meaning of depletion is to move the cost of extracting natural resources like oil and minerals from the earth to the income sheets.
- It is a non-cash expense that lowers the cost value of an asset gradually scheduling charges to the income.
- To evaluate the depletion per unit we divide the total cost less salvage value by the total number of estimated units.