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Nataliya [291]
4 years ago
5

The owner, Marcus James, withdrew $3,000 from the business for personal use. What is the journal entry the company should record

?
Business
1 answer:
natima [27]4 years ago
7 0

Answer:

                                                    Debit                               Credit

Drawing Marcus James                3,000            

Cash                                                                                    3,000

Explanation:

In this question cash is being withdrawn from the business so we know that the cash of the business would decrease so we will have to credit cash by $3000. Because the owner is withdrawing the cash a drawing entry will be made and 3000 will be debited.

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Which market segment should a no-frills hotel target?
Vera_Pavlovna [14]

Answer:

the answer would be d. I got it right on Plato

6 0
3 years ago
An employee in charge of collecting tickets at the entrance of a movie theatre lets her friends enter the theatre without paying
Nadusha1986 [10]

The type of rationalization made by the employee is based on <em>other employee are </em><em>doing </em><em>it.</em>

Rationalization refers to when individual attempt to justify a behavior with logical reasons even though those reason are not appropriate.

  • Here, the employee does rationalize giving free entry to her friend because other employee gives free popcorn to their friends.

Hence, the type of rationalization made by the employee is based on <em>other employee are </em><em>doing </em><em>it.</em>

<em />

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Read more about this here

<em>brainly.com/question/17246519</em>

8 0
3 years ago
Rita Gonzales won the $53 million lottery. She is to receive $2.2 million a year for the next 20 years plus an additional lump s
guajiro [1.7K]

Answer:

PV= $17,365,776.86

Explanation:

Giving the following information:

Cf= 2,200,000

Number of years= 20

Discount rate= 12%

Additional lump sum= 9,000,000

First, we need to calculate the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {2,200,000*[(1.12^20) - 1]} / 0.12 + 9,000,000

FV= $167,515,373.4

Now, the present value:

PV= FV/(1+i)^n

PV= 167,515,373.4/1.12^20

PV= $17,365,776.86

7 0
4 years ago
Green Earth Landscaping Company provides monthly and weekly landscaping and maintenance services to residential customers in the
Nadya [2.5K]

Answer:

The construction is presented below:

Explanation:

1. The construction is presented below:

                           Green Earth Landscaping Company

                            Administrative Expense Budget

                                 For the Summer Months

                            June         July         August Total

Salaries              $9100     $9,100      $9,100 $27,300

Insurance          $2,150    $2,150      $2,150 $6,450

Depreciation     $3,900   $3,900     $3,900 $11,700

Accounting services $500 $500  $500         $1,500

Total administrative expenses $15,650  $15,650  $15,650    $46,950

2.

The construction is presented below:

                           Green Earth Landscaping Company

                            Administrative Expense Budget

                                 For the Summer Months

                            June         July         August Total

Salaries              $9100     $9,100 $9,100 $27,300

Insurance          $2,700     $2,700 $2,700 $8,100

Depreciation      $3,900   $3,900 $3,900 $11,700

Accounting services $500 $500 $500 $1,500

Total administrative expenses $16,200 $16,200 $16,200 $48,600

8 0
3 years ago
Moto Win Auto Superstore is thinking about offering a two-year limited warranty for $978 on all new cars of a certain model. The
kvv77 [185]

Answer:

they would expect to lose 58.68 dollars on each warranty visit.

Explanation:

We can use the following method to solve the given problem in the question;

Solution

Expected value for Motowin = $978*0.94 - $16300*0.06 = - $ 58.68

Hence, In the long run, they would expect to lose 58.68 dollars on each warranty visit.

4 0
4 years ago
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