Answer:
d. debit Accounts Receivable; credit Cash
Explanation:
The cash has been credited with $695 instead of $965 which means that $270 has been credited short. Same way, the liabilities have been debited by $270 short. So, we will have to reverse the entry ie. debit Accounts Receivable; credit Cash
Answer:
c. Layoff
Explanation:
Layoff refers to the action of employers terminating the services of an employee. It when an employer brings to an end to their work relationship with the employee. Layoff occurs due to a variety of reasons. It may affect one worker or a group of workers.
A layoff is different from dismissal or firing. Dismissal may be a result of employee under-performance or breach of contract. Layoff occurs because employers need to reduce their salary expenditures.
The man can enjoin the daughter from building the storage because the restriction is binding on the daughter because she is a successor of the previous owner.
Successor:
Successor means a person who has a job, position, or title after someone else simply said that someone who succeeds another person.
Given,
A man and his neighbor owned homes on adjacent lots in a subdivision. , And they both agreed in writing not to place detached storage sheds in their respective yards. They done their agreement was drafted in recordable form and stated that it was enforceable by and against all assignees, heirs, and successors and agreement was promptly recorded. After three years later, the neighbor gave his home to his daughter. And she shortly after moving into the home, the daughter learned of the restriction. Now, she claimed the man that she planned to put a detached storage shed in her backyard, claiming that the restriction was not enforceable against her.
Here we need to find does the man have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard.
While we looking into the give question we have identified that the agreement is signed and register. And it will be enforceable against all assignees, heirs, and successors of the assignees.
Therefore, the man can have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard.
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Answer:
Annual depreciation for the first two years is $4,910.00
Book value at the end of year 2 $44,180.00
depreciation expense for each of the remaining years after revision is $21,110.00
Explanation:
The initial depreciation =cost-salvage value/useful life
cost was $54,000
salvage value is $4,900
useful life was 10 years
initial depreciation charge=($54,000-$4,900)/10=$4,910.00
Book value at the end of year 2=cost-depreciation for first 2 years
book value at the end of year 2=$54,000-($ 4,910*2)=$44,180.00
Depreciation expense for remaining years=($44,180-$1,960)/2=$21,110.00
A budget is a form that tracks expenses. A budget is used to compare actual expenses against a projected base number. A budget should how you where you are over or under spending money. A budget is used to help plan the future cash flow of a person or a business.