Answer:
where the funds to start and operate your business will come from, when you expect to see profit, and how much profit you expect to see.
Explanation:
Answer:
The holding-period return if the treasury bill is held until maturity is:
= $300.
Explanation:
a) Data and Calculations:
Par value of Treasury bill = $10,000
Price paid for the bill = 9,700
Holding-period return = $300
Maturity period of the bill = 3 months
b) The holding-period return, otherwise called the yield, is the total return earned on the Treasury bill investment during the 3 months that it is held. The holding period is the 3-months time the Treasury bill is held by an investor, which corresponds to the period between the purchase date and sale date of the Treasury bill.
Answer:
Tip
Raw Materials and Supplies
Machinery and Equipment
Factory Overhead and Utilities
Explanation:
Since Simone does not have any children and no one else lives with her, then, her correct and favorable filing status is Head of Household.
Basically, the filing status determines the amount of tax payable that a tax payer is liable to pay to the authority.
The filing status recognized in U.S. includes Single, Married filing jointly, Married filing separately, Head of household and Qualifying widow(er) with dependent child.
Since Simone does not have any children and no one else lives with her, then, her correct and favorable filing status is Head of Household.
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Answer:
1.
April 30
No entry required
This is because Cruz's attorney is certain it is remote that Cruz will lose this lawsuit.
June 30
DR Warranty Expense $14,400
CR Warranty Liability $14,400
Working = 360,000 * 4%
= $14,400
July 28
DR Warranty Liability $6,400
CR Cash $6,400
September 30
DR Lawsuit Loss A/c $150,000
CR Lawsuit Loss Liability $150,000
December 21
DR Warranty Expense $20,000
DR Warranty Liability $20,000
Workings ( Original question says 4%.)
= 4% * 500,000
= $20,000
2. Balance on Estimated Warranty Liability Account
June 30 14,400
July 28 (6,400) -
Dec 21 20,000 +
= $28,000 Credit
