Answer and Explanation:
The Fed would use Expansionary monetary policy
Answer:
• obtaining a business license
Explanation:
A sole proprietorship is owned and managed by a single person. The owner is responsible for making all the big decisions regarding the business. The owner, also known as the sole proprietor, does not share profits and losses from the business with any other person.
A sole proprietorship is popular due to its ease of establishment and running. The owner only requires to register the business with the local authorities to begin operations. A sole proprietor has the option of picking a name for the business or operating it under their own. A sole proprietorship is treated as one entity with its owner in matters of taxation and liabilities.
False.
IRA = Individual Retirement Account
Companies that offer plans offer 401k.
Answer:
$20,600
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of the asset.
Depreciation is a non-cash item in the income statement as the actual cash spent for the purchase of the asset would have been capitalized in the balance sheet.
Hence the total cash disbursements budgeted for operating expenses for the month of January would not include depreciation.
Total cash disbursements budgeted for operating expenses for the month of January
= $15,000 + $12,000 + (4% × $90,000)
= $15,000 + $12,000 + $3,600
= $20,600
Answer:
a. Increase in accounts payable
Identification: O+
b. Payment of dividends
Identification: F-
c. Decrease in accrued liabilities
Identification: O-
d. Issuance of common stock
Identification: F+
e. Gain on sale of building
Identification: O-
f. Loss on sale of land
Identification: O+
g. Depreciation expense
Identification: O+
h. Increase in inventory
Identification: O-
i. Decrease in accounts receivable
Identification: O+
j. Purchase of equipment
Identification: I-