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Stolb23 [73]
3 years ago
5

A _____ has nonprofit status and is owned by its members

Business
1 answer:
11Alexandr11 [23.1K]3 years ago
7 0

Answer:

D Credit Union

Explanation:

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Anderson Consulting leased machinery from Red Inc. on July 1, 2018. The lease was recorded as a finance lease. The present value
Ray Of Light [21]

Answer:

The debit to lease payable on July 1, 2019 will be $ 670,741.31

Explanation:

According to the details, the present value lease payable as on July 1, 2018 is= $ 718,000

Also, the annual lease payments is = $ 102,641

With these details we are able to calculate the debit to lease payable on 2019, and the calculation is as follows

= ($ 718,000-  $ 102,641) + 9% ( $ 718,000 - $ 102,641)

= $ 615,359 + $55382,31

= $ 670,741 July 1, 2019 debit to lease payable

7 0
3 years ago
At the end of May, the following adjustment data were assembled.
777dan777 [17]

Answer and Explanation:

The adjusting entries are as follows:

a.  Insurance expense $275  

            To Prepaid insurance $275

(To record the insurance expense)

b.  Supplies expense $785 ($1,500 - $715)

            To Supplies $785

(To record the supplies expense)

We assume the balance of supplies before adjustment is $1,500

c. Depreciation - office equipment $330

          To Accumulated depreciation $330

( To record the depreciation expense)

d. Salary Dr $325

        To Accrued salary $325

(To record  the accrued salary)

e.  Rent expense $1,600  

           To Prepaid rent $1,600

(To record the rent expense )

f. Unearned fees $790  

          To Fees revenue $790

(To record the unearned fees is recorded)  

We assume the balance of unearned fees before adjustment is $4,000

Therefore, $790 is arrive from

= $4,000 - $3,210

= $790

7 0
2 years ago
A decline in interest rates is expected to __________.
bulgar [2K]

A decline in interest rates is expected to put the economy in recession. This is because with less interest comes less money earned and less spending as a result.

8 0
3 years ago
Read 2 more answers
Luke invested $110 at 3% simple interest for a period of 6 years. How much will his investment be worth after 6 years?
Finger [1]

Answer:

investment after 6 years = $129.80

Explanation:

given data

invested = $110

simple interest = 3%

period = 6 years

to find out

How much will his investment be worth after 6 years

solution

first we get here interest that is express as

interest = invested amount × rate × time    ..................1

interest = $110 × 3% × 6

interest = $19.8

and

investment after 6 years = invested amount + interest   .................2

investment after 6 years = $110 + $19.8

investment after 6 years = $129.80

3 0
3 years ago
A small company has 5000 shares. Lauren owns 200 of these shares. The company decides to split its shares. What is Lauren's owne
Slav-nsk [51]
4% is the Answer to the question
5 0
3 years ago
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