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Blababa [14]
3 years ago
8

The original capital that you deposit or invest is called the

Business
2 answers:
bonufazy [111]3 years ago
5 0

I think that it's either C or D but i'm going to go with D but if that's not the correct awnser is C

Mice21 [21]3 years ago
5 0

Answer:

The correct answer is option B) principal.

Explanation:

At the time of making an investment, we will have an initial amount of capital. This is called principal.

This capital money will be part of our asset, but will not include accrued profits or interests. In other words, it will be what we put into our investment before knowing if we will have profits or losses.

For example, if we start an investment with $ 10,000 and after several years we have $ 18,000, our profit will be $ 8,000 and the principal will remain $ 10,000.

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Identify which assumption each given scenario references have.
NikAS [45]
Assuming it’s B) Transitive Tastes
5 0
2 years ago
On January 1, 2009, Coronado Industries purchased for $690000, equipment having a useful life of ten years and an estimated salv
JulijaS [17]

Answer:

There is not gain in this operation so the answer is $0

Explanation:

There are some journal entries that needs to be done to have a full picture of the statement

* Purchase

Fixed Assets                        690.000

Cash                                                        690.000

* Monthly depreciation

Since, the FA was depreciated during 8 years. Firstly you have to calculate the amount that can be depreciate on a monthly basis

Amount to be depreciated = (Cost of the FA - Salvage value) = (690.000-48.600) = 641.400

Then calculate the yearly depreciation

Yearly depreciation = ((amount to be depreciated/useful life) * years used) =

(641.400/10*8) = 513.120

then the journal entry to record the monthly depreciation for 8 years is

Depreciation expense          513.120

Acc Depreciation                                   513.120

* Post the Journal Entry to record the sell of FA

You have to reverse the Acc Depreciation and credit the FA

Cash                                     152.500

Fixed assets                                         690.000

Acc depreciation                   513.120

Loss on sale of FA                   24.380

6 0
3 years ago
Find the sticker price for a vehicle with the following features and costs: Suggested retail price of $13,760, destination charg
deff fn [24]

Answer:

$15,780

Explanation:

The sticker price for a vehicle with all the features is the total of all the given cost elements.

These include the retail price, destination charge, cruise control, custom sound etc.

Hence, the sticker price for the vehicle

= $13,760 + $475 + $800 + $235 + $510

= $15,780

6 0
3 years ago
Pes
lakkis [162]

Answer:

ushsj

Explanation:

bshshshhdshshshhshdbshjdjdkdjddjjdndndndnfnfkdk

8 0
3 years ago
A business provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimate
natta225 [31]

Answer:

1. Vacation pay expense Dr. 3500

Vacation pay payable 3500

2. It is recorded at the company's balance sheet as the accrued liabililty at the liabilities portion.

3. The amount will be removed once the vacation pay is paid and is debited to income account.

4 0
3 years ago
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