Enough to buy a Mercedes Benz.
Answer:
A sole proprietorship is a person who owns the business and is personally responsible for its debts. It is not a legal entity.
A partnership partnership shares the responsibilities, resources, and losses
Explanation:
Answer:
Explanation:
The journal entries are shown below:
Taxes expense A/c Dr $12,320
To Prepaid Taxes $12,320
(Being prepaid taxes are adjusted)
Taxes expense A/c Dr $45,000
To Property taxes payable $45,000
(Being property taxes are adjusted)
The prepaid taxes are computed below:
= Prepaid taxes × (number of months ÷ total number of months in a year)
= $18,480 × (8 months ÷ 12 months)
= $12,320
The eight months is calculated from May 1 to December 31
Answer:
since there is not enough room here, I prepared a long excel spreadsheet to calculate the present value of her monthly salaries.
her initial monthly salary is $6,666.67, total salaries earned = 12 salaries x 30 years = 360 salaries
the discount rate = 8% / 12 = 0.667% or 0.00667
the present value of the salaries earned during 30 years = $1,520,375.10
Explanation: