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3 years ago

I WILL GIVE BRAINLIEST

Business

2 answers:

sveticcg [70]3 years ago

6 0

Answer: true

Explanation:

Andrei [34K]3 years ago

4 0

True explation google

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What are the 3 important reasons to reconcile bank and credit card as a set date

rodikova [14]

Answer:

1) To verify transactions have the correct date assigned to them. 2) To verify that an account balance is within its credit limit. 3) To verify that all transactions have been recorded for the period.

Explanation:

6 0

2 years ago

You purchased a share of stock for $53. One year later you received $3.00 as dividend and sold the share for $52. Your holding-p

GalinKa [24]

Answer:

the holding period return is 3.77%

Explanation:

The computation of the holding period return is shown below:

Holding period return is

= (Income + (Selling price - Purchase price)) ÷ Purchase price

= ($3 + ($52 - $53)) ÷ 53

= 3.77%

Hence, the holding period return is 3.77%

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0

2 years ago

Based on the following information, determine the amount of equipment on the balance sheet. Total liabilities and owner's equity

hammer [34]

Answer:

$9,950

Explanation:

The amount of equipment shall be determined through accounting equation which is given as follows:

Total Assets=Total liabilities+Total equity

Total assets=Current+Non current assets

Current assets+Non current assets=Total liabilities+Total equity

Non current assets=Cost of land+Cost of equipment-accumulated depreciation on equipment

Current assets+Cost of land+Cost of equipment-accumulated depreciation on equipment=Total liabilities+Total equity

Applying given data in the question to the above equation

$19,800+$15,000+Cost of equipment-$1,550=$44,750

$33,250+Cost of equipment=$44,750

Cost of equipment=$44,750-$33,250=$11,500

Amount of equipment on balance sheet=$11,500-$1,550=$9,950

6 0

3 years ago

Read 2 more answers

In 2020, Theo, a single taxpayer, operates a sole proprietorship in which he materially participates. His proprietorship generat

tekilochka [14]

FIEJFIE GIEDEIJF EKEE DE E FIR FIE FID FIE DIW AODNF F

4 0

2 years ago

A woman buys a house for a $320000. She pays $40000 down and takes out a mortgage at 5.7% for 20 years on the balance. Find h

sdas [7]

Answer:

$PMT= 1957.850$

Explanation:

For this case the total payment is $320000, and she pays $40000 so the remain amount to pay would be:

$320000-40000=$ 280000

For this case we assume that the annual interest rate is APR=5.7% =0.057 on fraction.

The total number of years are 20. For this case n represent the number of payments per year and since we have monthly payments then n =12.

In order to find the PMT we can use the following formula:

$PMT= \frac{P(\frac{APR}{n})}{[1-(1+\frac{APR}{n})^{-nt}]}$

On the last expression the APR needs to be on fraction and P represent the principal amount, for this case P = $280000. So if we replace we got:

$PMT= \frac{280000(\frac{0.057}{12})}{[1-(1+\frac{0.057}{12})^{-12*20}]}$

$PMT= 1957.850$

And we can verify this using the following excel function: "=PMT(0.057/12,12*20,-280000)"

3 0

3 years ago