Answer:
The answer is the letter A
Answer:
Journal entries
Explanation:
The journal entries are as follows
1. Cash $748,800
Interest expense $31,200 ($780,000 × 4%)
To Note payable $780,000
(Being the cash received is recorded)
2. Cash Dr $507,000
To Account receivables $507,000
(Being the collection is recorded)
3. Note payable $507,000
Interest expense $2,600 ($780,000 × 4% × 1 month ÷ 12 month)
To Cash $509,600
(Being the note payable and the interest expense is recorded)
Answer:
The depreciation cost of the bus per unit is $ 1.4 which is purchased on January 1, 2019.
Explanation:
The depreciation cost per unit is computed as:
Depreciable asset = Cost - Salvage Value
= $205,860 - $7,900
= $197,960
Depreciation per unit = Depreciable asset /Useful life expected value
= $197,960 / 141,400
= $1.4
Therefore, the per unit cost is $1.4
Answer:
They treat income as "passed through" to the investor for tax purposes.
Explanation:
A mutual fund is an investment where funds are pooled from various investors and used to purchase securities. Investor can be retail or institutions.
When income realised from mutual funds is passed through for tax purposes, investors are unable to manage taxes.
