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2 years ago

2. The amount of an original investment is called:

Business

2 answers:

Studentka2010 [4]2 years ago

8 0

The original initial investment is called the principle.

MakcuM [25]2 years ago

4 0

Answer:

The answer is A

Explanation:

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Exercise 8-07 At December 31, 2019, Pharoah Company Company had a credit balance of $18,100 in Allowance for Doubtful Accounts.

Alja [10]

Answer:

Entries are given below

Explanation:

DATA:

Opening Balance in the allowance for doubtful debt = $18,100

During 2020 Pharoah company wrote off accounts totaling 12,900

Entry DEBIT CREDIT

Allowance for Doubtful Accounts $11,800

Accounts Receivable $11,800

At December 31, 2020, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $23,700

Entry DEBIT CREDIT

Bad debt expense $17,400

Allowance for doubtful debt $17,400

Working

Balance before adjustment = $18,100 - $11,800

Balance before adjustment = $6,300

After Aging schedule indication

Adjustment = $23,700 - 6,300

Adjustment = $17,400

3 0

2 years ago

Chip bought 10 shares of apex company for $40 each and later sold all of them at $45 each. this transaction resulted in what typ

polet [3.4K]

The correct answer is capital gain.

6 0

2 years ago

Read 2 more answers

The aggregate demand curve slopes downward indicating that

Likurg_2 [28]

Answer: Diminishing marginal utility.

Explanation: The demand curve tends to slopes downward because of diminishing marginal utility and it also slopes downwards because of the substitution and income effects.

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2 years ago

Joel operates his business, carson collectibles, by himself. he has made no election with his state regarding his business. what

Paha777 [63]

<span>Joe's business is most likely a type of sole proprietorship. Sole proprietorships are usually ran by one person who accounts for all of the business expenses as part of their personal taxes so there is no difference between personal and business. This form of business also does not need to file any paperwork with the state. The owner just needs a business license.</span>

3 0

2 years ago

Joe and Mike have been friends since college and both work in the financial industry. The two work for two un-affiliated broker/

castortr0y [4]

Answer:

A) Because Joe and Mike work for un-affiliated broker/dealers, they are not permitted to share or split commissions, making this arrangement un-acceptable.

Explanation:

Even though Joe and Mike are friends and know each other for a long time, in the real world where money has an almost divine status, they must follow the rules. Commissions can only be split between agents that work for the same broker-dealer firm and are registered to work in the same state.

Since Joe and Mike work for unaffiliated broker-dealers, they cannot share clients or split commissions. Following the rules will not only help them professionally, but probably will help their friendship.

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2 years ago