Answer:
1- B. Expense will be $140,000 and liability will be $250,000
2- d. $250,000
3- d. $250,000
Explanation:
The expense will be $140,000 which is calculated by year 1 and year 2 percent filled. The calculation is as follows:
Year 2 liability : $1,000,000 * 25% = $250,000
Year 1 liability : $1,000,000 * 11% = $110,000
Year 2 expense = $140,000.
Answer:
<u><em>The answer is</em></u>: <u>True.</u>
Explanation:
<u>There are several sources that offer financial aid to help students.
</u>
Financial aid can come from federal sources, from the state, from educational or private institutions that help you pay for the university or professional institute.
The federal government offers several financial aid programs. Federal student aid covers expenses such as tuition and fees, room and board, books and supplies, as well as transportation. It can also help pay other related expenses, such as a computer and caring for dependents.
The U.S. Department of Education grants more than $ 120 billion a year in scholarships and grants, funds for the Study and Work Program, and low interest loans to more than 13 million students.
Thousands of educational institutions across the country participate in federal student aid programs.
<u><em>The answer is</em></u>: <u>True.</u>
The invisible hand theory states that the <u>wealth of nation</u> is dependent on the activity of interacting in free markets.
<h3>What is
invisible hand theory?</h3>
This refers to the tendency of the market prices to direct an individuals into pursuing their own self interests into productive activities which consequently promote economic well-being of society.
Hence, the invisible hand theory states that the <u>wealth of nation</u> is dependent on the activity of interacting in free markets.
Read more about invisible hand theory
<em>brainly.com/question/3078419</em>
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Answer:
Discount amount = $97 and may 16
so correct option is c.$97, May 16
Explanation:
given data
sells merchandise on credit = $9,700
to find out
amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount
solution
we know here Invoice amount that is $9700
so here discount rate till 15 days is 1 %
so Discount amount will be
Discount amount = 1% of $9700
Discount amount = $97
so from 1 may up to 15 days i.e. may 16
so correct option is c.$97, May 16
Answer:
The correct answer is $2,580.
Explanation:
Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($15,350 - $3,200) / 6 years = $2,025 yearly depreciation expense.
Accumulated depreciation at Year 3 = $2,025 x 3 = $6,075
Net book value (NBV) becomes $15,350 - $6,075 = $9,275
New depreciation is ($9,275 - $1,535) / 3 years = $2,580 yearly depreciation expenses
