Answer:
$92,400
Explanation:
Balance of the credit column on Chaco’s trial balance.
The Total credit column balance will be:
Accounts payable $25,200
Common Stock $21,200
Notes payable $46,000
We are going to add them up
Hence:
Total credit balance =
$25,200 + $21,200 + $46,000
Total credit balance = $92,400
Answer:
Annual deposit= $12,473.70
Explanation:
Giving the following information:
Final value= $2,000,000
Number of years= 37
Interest rate= 7%
To calculate the annual deposit required to reach the final value. We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= {2,000,000*0.07)/ [(1.07^37) - 1]
A= $12,473.70
This statement is false. unlike large organizations, very small businesses rarely benefit from preparing formal written plans for their future operations.
Small organizations are corporations, partnerships, or sole proprietorships which have fewer employees and/or much fewer annual sales than an ordinary-sized enterprise or company. groups are defined as "small" in terms of being able to apply for government aid and qualify for preferential tax coverage varies depending on the u. s. a . and enterprise. Small corporations vary from fifteen personnel under the Australian fair Paint Act 2009, fifty employees in line with the definition used by the European Union, and fewer than 5 hundred employees to qualify for plenty of U.S. Small business management packages. at the same time small businesses also can be categorized consistent with other techniques, together with annual revenues, shipments, sales, property, or by means of annual gross or net sales or net profits, the quantity of personnel is one of the maxima broadly used measures.
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