Answer:
Debit Credit
Cash 7,000
Capital 7000
Insurance 1000
Cash 1000
Accounts Rec 5000
Service revenue 5000
Equipment 3000
Accounts Payable 3000
Depreciation Expense 1000
Accumulated Depreciation 1000
Explanation:
Answer:
C) a joint venture
Explanation:
A joint venture is a business organzation in which two or more firms come together to form an alliance. In a joint venture, resources of different firms are combined together to pursue specific projects and gain strategic edge in the market.
Joint venture involves the creation of a new firm from the coming together of two or more firms.
Advantages of joint venture
1. More capital can be raised to start the business by the participants.
2. Profits is shared among participants alone.
3. There is an improvement in the level of expertise because of the varying knowledge of participants.
4. Ability to compete well in the market.
5. The joint venture enjoys economies of scale
Disadvantages of joint venture
1. Decision making might be slow because the ideas of different participants will be put into consideration.
2. Loss is shared among participants alone.
3. Difference in the business objectives by different members might hinder the growth of the company.
Troubleshooting is a way to minimize technical problems with the computer.
Answer:
1. $1,821.76
2. 7.87%
Explanation:
We use the PMT formula that is shown in the attachment below:
Provided that
Present value = $75,200
Future value = $0
Rate of interest = 7.6% ÷ 2 = 0.6333333%
NPER = 48 months
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $1,821.76
2. Now the effective annual rate is
= (1 + APR ÷ number of months)^number of months - 1
= (1 + 7.6% ÷ 12)^12 - 1
= 7.87%
Without actually saying what was wrong with the program, Beth alluded to walking around the space. Jerry is lucky with a lady and Beth recalls her childhood. After learning that a father of one her childhood friends, Tommy, is set to be executed for the murder of the said friend, Beth remembers how she tried to deal with his disappearance via imagining that he got lost in her imaginary international referred to as "Froopyland" and laughs at how stupid it becomes.