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3 years ago

The accounts listed on the trial balance with a credit balance include

1 answer:

6 0

The correct answer for this question is "c. owner's capital, revenue, and expense accounts." The accounts listed on the trial balance with a credit balance include the owner's capital, the revenue, and the expense accounts. The trial balance is a two-column schedule with all the debit balances listed in one column and all the credit balances listed in the other.

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Amanda Sorenson is planning her retirement. She is presently investing in a 401(k) but needs an additional $500,000 to reach her

Maurinko [17]

Answer:

Number of year = 41.8 (Approx)

Explanation:

Given:

Total amount Amanda want (Future value) = $500,000

Amanda investment amount (Present Value) = $36,000

Rate of interest (r) = 6.50% = 6.50 / 100 = 0.065

Number of year (n) = ?

Computation of Number of year:

$Future\ value = Present\ Value(1+r)^n\\\\500,000 = 36,000(1+0.065)^n\\\\500,000/36,000 = (1.065)^n\\\\13.8888889 = (1.065)^n\\\\n = 41.78$

Number of year = 41.8 (Approx)

5 0

3 years ago

The interest rate the federal reserve charges on loans it makes to commercial banks is called the:

Aleksandr-060686 [28]

The discount rate is the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility--the discount window. :)

7 0

4 years ago

Jamie is analyzing the estimated net present value of a project under various conditions by revising the sales quantity, sales p

Juliette [100K]

Answer:

The answer is option E) The type of analysis that Jamie is doing is best described as scenario analysis.

Explanation:

scenario analysis assesses the effect of changing all the input variables at the same time.

Scenarios being considered can relate to a single variable, such as the relative success or failure of a new product launch, or a combination of factors, such as the results of the product launch combined with possible changes in the activities of competitor businesses. The goal is to analyze the results of the more extreme outcomes to determine investment strategy.

In this case, scenario analysis is used in analyzing the estimated net present value of a project under various conditions by revising the sales quantity, sales price, and the cost estimates.

4 0

3 years ago

The tax rates are as shown. taxable income tax rate $0 – 50,000 15% 50,001 – 75,000 25% 75,001 – 100,000 34% 100,001 – 335,000 3

Goshia [24]

To get the answer, first you have to identify at which rate is your taxable income falls. From the rage of 100,001 – 335,000, it have 39%. Then you will just simple multiply it.
Income x 0.39 = tax rate
the answer is $50,510.07.

3 0

3 years ago

On January 2, 2015, Quick Delivery Company traded in an old delivery truck for a newer model. The exchange lacked commercial sub

fenix001 [56]

Answer:

$36,000

Explanation:

The first step is to calculate the fair value of the new truck

(List price-cash paid with trade)-(original cost -accumulated depreciation)

= (36,000-30,000)-(24,000-16,000)

= 6000-8000

= loss of $2000

Therefore the cost of the new truck for financial accounting purposes can be calculated as follows

(Original cost- accumulated depreciation)+cash paid with trade-loss

= (24,000-16,000)+30,000-2000

= 8,000 + 30,000 - 2,000

= 38,000-2,000

= $36,000

Hence the cost of the new truck for financial accounting purposes is $36,000

7 0

3 years ago