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3 years ago

The standard form of a journal entry has the:____________.

Business

1 answer:

guapka [62]3 years ago

3 0

Answer:

The answer is 4. debit account entered first at the extreme left margin.

Explanation:

The table for entering journal entries is 'T' in shape. Hence, the reason why it is called T-acccount.

We have debit and credit on each side of the T-acccount.

On the extreme left margin, we have debit account which is always entered first and this side increases asset and expenses while it decreases liability, sales or revenue and shareholders'equity.

And on the extreme right margin, we have credit account which is always entered after debit side has been completed and this side decreases asset and expenses while it increases liability, sales or revenue and shareholders'equity.

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Elaine takes out a $100,000 mortgage on December 1, 1997. Elaine will repay the mortgage over 20 years with level monthly paymen

Dmitrij [34]

Answer:

I prepared an amortization schedule using an excel spreadsheet. The original monthly payment was $836.44. After the 120th payment, the remaining principal balance was $68,940.64. Since she didn't pay anything for 1 year, the new principal balance will be $68,940.64 x (1 + 8%) = $74,455.89

I prepared another amortization schedule for the remaining 9 years, and the monthly payment is $969.32. She will pay off the loan in 108 months.

Download pdf

8 0

3 years ago

2019 2018 2017 2016 2015 Sales $ 512,623 $ 332,872 $ 260,056 $ 191,218 $ 142,700 Cost of goods sold 253,785 164,657 130,427 95,5

Lelu [443]

Answer:

Please find the complete solution in the attached file.

Explanation:

4 0

3 years ago

How do firms use marketing? A firm might use marketing to A. identify the long-run equilibrium price where firms break even. B

Molodets [167]

Firms use marketing to eliminate things that keep new firms from entering an industry(D).

Explanation:

Marketing plays an important role in understanding the business.

Firstly it determines the necessity of the market.
Develops the market using new technique or expand the same market.
Tries to understand the needs of the customer and works on the products based on their interest.
Market should be dynamic that is the market should follow the trend and adopt various strategies to work properly.

Hence, theses are the roles of marketing. A proper marketing can increase sale as well as the good will of the firm.

5 0

3 years ago

Chi-Ling thought it would be best to put Connor in charge of making decisions for the accounting team and Manami in charge of ma

Dmitry_Shevchenko [17]

The aspect of analyzing teamwork is Chi-Ling using is authority differentiation. Thus the option 3rd is correct.

<h3 /><h3>What is Authority?</h3>

Authority refers to the power access by the individual or the government over the others. The authoritative person can make the decisions regarding the various sectors and make his subordinates to work in his accord.

The Chi ling has divided the work of the accounting and marketing between his employees and made the head of the department. Thus this concept of analyzing the teamwork is known as authority differentiation.

The authority of the both the employees Connor and Manami is well defines they both will looking after their filed and are free to take decisions on their department.

Learn more about teamwork here:

brainly.com/question/18869410

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5 0

2 years ago

A young couple wants to have a college fund that will pay $35,000 at the end of each half-year for 8 years. (a) If they can inve

Monica [59]

Answer:

$6,046.40

Explanation:

First, find the PV of the $35,000 withdrawals annuity at the time of last investment(end of 18 years). This can be solved with a financial calculator using the following inputs;

Recurring semiannual withdrawals; PMT = 35,000

Total duration of withdrawals; N = 8*2 = 16

Semiannual Interest rate; I/Y = 7%/2 = 3.5%

One time cashflows ; FV = 0

Compute present value; PV(at yr18) = $423,294.088

Next , use the $423,294.088 as your FV goal at the end of year 18.

Future value at yr18; FV = $423,294.088

Total duration of deposits; N = 18*2 = 36

Semiannual Interest rate; I/Y = 7%/2 = 3.5%

One time cashflows ; PV = 0

Compute recurring payment; PMT = 6,046.402

Therefore, they need to invest $6,046.40 at the end of each 6-month period.

7 0

3 years ago