Making a credit card minimum payment:

You are a dual income, no kids family. You and your spouse have the following debts (total): mortgage, $290,000; auto loan, $15,

aleksley [76]

Answer:

Total Insurance need $166,500

Explanation:

Life insurance [DINK method]

Amount mortgage loan (half) $145,000

Auto loan(half) $7,500

Credit card balance(half) $2,000

Other debts(half) $4,000

Funeral cost $8,000

Total Insurance need $166,500

7 0

2 years ago

If neuron L is repeatedly stimulated very rapidly, what change would you expect in the postsynaptic neuron

lara31 [8.8K]

If neuron L is repeatedly stimulated very rapidly, The expected changes in the postsynaptic neuron are: "(Option D). See the attached for the full question.

<h3>What is the postsynaptic neuron?</h3>

Postsynaptic neurons are the neurons that take receipt of the triggers from the synapse. The synapse is responsible for generating and transmitting electrical signals.

Thus, it is right to state that if neuron L is repeatedly stimulated very rapidly, The expected changes in the postsynaptic neuron are:

Several simultaneous action potentials
Movement farther away from the threshold.

Learn more about the postsynaptic neuron at:

brainly.com/question/26387085

#SPJ11

8 0

2 years ago

"You plan to buy a piece of machinery worth $50,000 then you plan to sell it at the end of its 15-year life cycle for $5,000. Wh

Aleks04 [339]

Answer:

$3,000 and $35,000

Explanation:

The computations are shown below:

The depreciation expense would be

=(Original cost - residual value) ÷ (useful life)

= ($50,000 - $5,000) ÷ (15 years)

= ($45,000) ÷ (15 years)

= $3,000

In this method, the depreciation is same for all the remaining useful life

The book value would be

= (Original cost of equipment) - (depreciation × number of years)

= ($50,000) - ($3,000 × 5 years)

= $50,000 - $15,000

= $35,000

8 0

3 years ago

Prepare budgetary entries, using general ledger control accounts only, for each of the following unrelated situations: (If no en

den301095 [7]

Answer:

Please see answer in explanatory column

Explanation:

Journal for Budgetary entries

a) Anticipated revenues are $11.8 million; anticipated expenditures and encumbrances are $8.0 million

Account Debit Credit

Estimated Revenue control $11,800,000

Appropriation control $8,000,000

Budgetary fund $3,800,000

Calculation

Budgetary fund = Estimated Revenue control $11,800,000-

Appropriation control $8,000,000 = $3,800,000

b)Anticipated revenues are $8.0 million; anticipated expenditures and encumbrances are $9.4 million.

Account Debit Credit

Estimated Revenue control $8,000,000

Budgetary fund $1,400,000

Appropriation control $9,400,000

Budgetary fund = Estimated Revenue control $8,000,000-

Appropriation control $9,400,000 = -$1,400,000 , therefore will be debited

c)Anticipated revenues are $9.4 million; anticipated transfers from other funds are $1.6 million; anticipated expenditures and encumbrances are $8.0 million; anticipated transfers to other funds are $0.7 million

Account Debit Credit

Estimated Revenue control $9,400,000

Estimated other finance source control$1,600,000

Appropraition control $8,000,000

Estimated other finance source control $700,000

Budgetary fund $2,300,000

Budgetary fund = Estimated Revenue control +Estimated other finance source control) -Appropriation control + Estimated other finance source control= $9,400,000 +$1,600,000)- $8,000,000 + 700,000 ) = 11,000,000 - $8,700,000 =$2,300,000

d)Anticipated revenues are $8.6 million; anticipated transfers from other funds are $1.1 million; anticipated expenditures and encumbrances are $9.7 million; anticipated transfers to other funds are $1.0 million.

Account Debit Credit

Estimated Revenue control $8,600,000

Estimated other finance source control$1,100,000

Budgetary fund $1,000,000

Appropraition control $9,700,000

Estimated other finance source control $1,000,000

Budgetary fund = Estimated Revenue control +Estimated other finance source control) -Appropriation control + Estimated other finance source control= $8,600,000 +$1,100,000)- $9,700,000 + 1,000,000 ) = 9,700,000 - $10,700,000 =-$1,000,000 so will be debited

4 0

3 years ago

Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual in

k0ka [10]

Answer:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

Nov 15

Dr Accounts payable 8,650

Cr Merchandise inventory 346

Cr Cash 8,304

Explanation:

Preparation of Journal entries

Based on the information given we were told that on Nov. 5 the company Purchased 900 units of product at the amount of $10 per unit which means that the Journal entry will be:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

(900 units *$10 per units)

Based on the information given we were told that the company on Nov. 7 Returned 35 defective units from the the month of November 5 purchase in which they received full credit which means that the Journal entry will be:

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

(35*$10 per units)

Based on the information given we were told that the company on Nov. 15 Paid the amount of money due from the month of November 5 purchase in which they minus the return on November 7 which means that the Journal entry will be:

Nov 15

Dr Accounts payable 8,650

(9,000- 350)

Cr Merchandise inventory 346

(4%*8,650)

Cr Cash 8,304

(8,650-346)

8 0

3 years ago