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3 years ago

What was the famous home Thomas Jefferson built called?

Business

1 answer:

Wittaler [7]3 years ago

5 0

Monticello - 931 Thomas Jefferson Pkwy, Charlottesville, VA 22902

You might be interested in

These are selected 2022 transactions for Pronghorn Corporation:

Nataly [62]

Answer:

December 31, 2022, amortization expense of copyright

Dr Amortization expense 19,500

Cr Copyright 19,500

December 31, 2022, amortization expense of patent

Dr Amortization expense 10,000

Cr Patent 10,000

No journal entry required for the Goodwill since its useful life is indefinite

5 0

3 years ago

A bank that has liabilities of $150 billion and a net worth of $20 billion must have:

Yakvenalex [24]

Had to look for the options and here is my answer. Given that the bank possesses a liability that is worth $150 billion and its net worth is only $20 billion, then this would mean that the bank must have ASSETS OF $170 BILLION. Hope this answers your question.

7 0

3 years ago

In an economy, the government wants to increase aggregate demand by $50 billion at each price level to increase real GDP and red

Tems11 [23]

Answer:

(B) $20 billion

Explanation:

Given a certain level of MPC, an increase in government spending (G) by a certain amount translates to an increase in aggregate demand (AD) through the relationship below.

$ΔAD = \frac{ΔG}{1 - MPC}$

where Δ means change.

Therefore, given ΔAD of $50 billion, and MPC of 0.6,

$ΔAD = \frac{ΔG}{1 - MPC}$

= $50 = \frac{ΔG}{1 - 0.6}$

= $50 = \frac{ΔG}{0.4}$

= ΔG = 50 * 0.4 = 20

Therefore, increase in government purchases = $20 billion.

3 0

3 years ago

Bigham Corporation, an accrual basis calendar year taxpayer, sells its services under 12-month and 24-month contracts. The corpo

Gnesinka [82]

Answer: 2016= $13,000; 2017= $25,000

Explanation:

for 2016

Income to be recognised in 2016 for 12 months term= Total proceeds x period of service provided (july -december )/ Total contract term

Income to be recognised in 2016= 14,000 x 6months /12months

= 14,000 x 1/2= $7,000

Income to be recognised in 2016 for 24 months term= Total proceeds x period of service provided (july -december )/ Total contract term

Income to be recognised in 2016= 24,000 x 6months /24months

= 24,000 x 1/4= $6,000

income to be recognized in taxable income in 2016= $7,000 + $6,000= $13,000

for 2017

Income to be recognised in 2017 for 12 months contract term= Total proceeds x remaining period of service provided from jan. to june 2017 / Total contract term

Income to be recognised in 2017= 14,000 x 6months /12months

= 14,000 x 1/2= $7,000

Income to be recognised in 2017 for 24 months contract term= Total proceeds x remaining period of service provided fromjuly 2016 -dec 2017/ Total contract term

Income to be recognised in 2016= 24,000 x (24-6) 18months /24months

= 24,000 x 3/4= $18,000

income to be recognized in taxable income in 2017= $7,000 + $18,000= $25,000

7 0

4 years ago

On January 1, 2021, Red Inc. issued stock options for 200,000 shares to a division manager. The options have an estimated fair v

morpeh [17]

Answer:

$400,000

Explanation:

The compensation expense to be recognized in 2021 is portion of the options value for one year.

Total value of the options=200,000*$6=$1,200,000

Compensation expense per year=fair value of the options/vesting period

fair value of the options is $1,200,000

vesting period is 3 years

compensation expense per year=$1,200,000/ 3 years=$400,000

The $400,000 compensation expense is debited to compensation expense account and credited to paid in capital-stock options $400,000 for each of the vesting period until the paid in capital -stock options account balance becomes $1,200,000 at end of year 3

6 0

3 years ago