Answer:
Less than 2 but more than 1
Explanation:
You just need to find 14 percent of 10. Since 10% of 10 is 1, we know that 20% would be 2 and therefore it would be more than 1 but less than two
Late 20s to late 40s: This is almost the perfect time for would-be entrepreneurs, for many reasons: At this point in life, they know what they like, and what they don't like. They have obtained business and life skills. They have some assets and credit.
Answer:
(C) $10,000
Explanation:
Debit Accounts Receivable for $10,000
Answer: $252,875
Explanation:
This concerns a value in future (2 years) so the future value formula can be used;
= 350,000 * ( 1 - 15%) ²
= $252,875
House will be worth $252,875 at the end of 2 years if it declines in value at 15% per year.
Answer:
The correct answer is 'Deferred Revenue'.
Explanation:
The Deferred Revenue account relates to the account in which a specific amount of payment is received in advance by the organization for the goods that are not delivered or, for the services which have not been implemented yet. They are shown on the balance sheet of the organization on the liability side.
Thus, according to the scenario given, the Deferred revenue account will be credited, when the gift is received, but neither of the conditions is met.
