Answer:
a. Corporations generally find it easier to raise large amounts of capital.
Explanation:
Because of limited liabiliy it is easier to raise capital.
Answer:
See below
Explanation:
The job description is a document that shows the duties, responsibilities, and skills to perform a specific role. For example;
<u>Negotiate insurance settlement- </u><u>Claim adjuster</u>
The claim adjuster gathers reports and facts to the insurer.
<u>Certifies the financial record of the business-</u><u> Auditor</u>
An auditor ensures the reports and records are well examined in an organization. He or she verify the assets and liabilities.
<u>Help a company build a positive image in the media-</u><u> Public relation specialist.</u>
Public relations help in building trust and creating awareness about the organization.
<u>Negotiates the rates for transportation of goods- </u><u>Cargo and flight agent</u>
cargo and flight agents ensure that shipments are delivered on time, and fees are collected.
Answer:
Betty's AGI $33,558
Explanation:
Betty's AGI:
Revenue from salon $88,560
Salaries paid to beauticians ($46,440)
Nail salon supplies ($23,620)
Salon's operating income $18,500
+
Interest income $14,665
+
Rental revenue from apartment building $35,180
Depreciation on apartment building ($14,400)
Real estate taxes paid on apartment building ($11,980)
Rental income $8,800
-
Alimony paid to her husband $7,100
-
Self-employment tax on salon income $1,307
=
Betty's AGI $33,558
Real estate taxes paid on Betty's house and charitable contributions are itemized deductions (below the line deductions).
Answer:
Explanation:
The journal entry is shown below:
On March 9
Cash A/c Dr $300
To Account receivable - Green A/c $300
(Being the cash received is recorded)
For recording the cash receipts we debited the cash account and credited the account receivable account so that the correct posting can be done
All other information which is given is not relevant. Hence, ignored it
Answer:
No, Larry will not accumulate enough money
Explanation:
To determine whether or not Larry will be able to accumulate enough money to buy the boat, we need to work out the future value of he investment
<em>Future value of an investment is the amount an investment will worth at a future date if interest is earned at a specific rate compounded.</em>
<em>So we work out the future value of Larry's investment:</em>
FV = PV × ( (1+r)^n -1)/r
= 4000 × ( (1.1)^5 - 1)/0.1 )
= $ 24,420.40
At the end of the fifth year he would have only accumulated $24,420.40
which is less than the cost of the boat.
No, Larry will not accumulate enough money
