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Mekhanik [1.2K]
3 years ago
7

If you use a credit card what are you creating

Business
1 answer:
serious [3.7K]3 years ago
8 0
The answer would be debt, if it was a debit card it would be a completely different answer  
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If assets equal $95,000 and liabilities equal $40,000, then owners’equity equals _____.
Fudgin [204]
45 000 долл, это равенство владельцев.
5 0
3 years ago
Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-st
Katarina [22]

Answer:

MULTI-STEP

Sales Revenue  96,948.00

Sales commissions <u>(8,428.00)</u>

Net Sales          88,520.00

COGS                 <u>(61,018.00)</u>

Gross Profit          27,502.00

Depreciation          (11,336.00)

Delivery Expense  (3,138.00)

Salaries expense  (5,348.00)

<u>Operating Income   7,680.00 </u>

Rent revenue            17,678.00

Interest expense  (2,308.00)

<u>Non-Operating         15,370.00 </u>

Earning Before Taxes  23,050.00  

Income Tax  (9,518.00)

Net Income  13,532.00  

Shares 40,550

EPS  0.33  

ONE-STEP

Sales Revenue   96,948.00

Sales commissiones<u> (8,428.00)  </u>

Net Sales            88,520.00

COGS                  <u>  (61,018.00)  </u>

Gross Profit            27,502.00

Rent Revenue    17,678.00

Depreciation           (11,336.00)

Delivery Expense     (3,138.00)

Salaries expense    (5,348.00)

Interest expense <u>   (2,308.00)   </u>

EBT                     23,050.00  

Income Tax        <u>     (9,518.00)   </u>

Net Income            13,532.00  

Explanation:

The multi-steps calcualte the operating income and the non-operating income (from other activities and interest which aren't directly linked to the main activity of the company) While the one step just calcualte directly through earnings before taxes after solving gross profit.

6 0
3 years ago
Read 2 more answers
When the interest rate in the economy was 10 percent, the price of a bond with no expiration date that paid a fixed annual inter
Nina [5.8K]

Answer:

Option D $8333

Explanation:

The value of the irredeemable bond can calculated using the Dividend Valuation Model.

The formula for the computation is:

Value of the Bond = Interest paid / rate of return on a similar bond

Value of the Bond = $500 / 6% = $8333.33

Note that initially the bond was worth $5000 which can be calculated with the same formula:

Value of the Bond = $500 / 10% = $5000

The net increase is $3333

So the correct answer is option D.

7 0
2 years ago
Describe how a job interview is affected by your clothing and body language in complete sentences.
Pachacha [2.7K]
If you dress casually and is all slumped down it can show that you dont care about the job but if you dress all formally and sitting up straight with your hands folded making eye contact they will know you really want the job and that your actually interested 
5 0
3 years ago
A lottery claims its grand prize is ​$15 ​million, payable over 5 years at ​$3000000 per year. If the first payment is made​ imm
xz_007 [3.2K]

Answer:

$ 11, 978,133.75

Explanation:

The grand prize of 15,000,000 is worth the present value of the prize at an 8% interest. The prize is paid every year, meaning its an annuity case.

The present value of an annuity is calculated using the formula

PV = P × <u> 1 − (1+r)−n </u>

  r

Where

P $3,000,000

r is 8% 0r 0.08

n is 5

PV = $3,000,000 x <u>1-(1+0.08) - 5</u>

    0.08

PV =$3,000,000 x<u> 1 - 0. 6805831</u>

    0.08

PV = $ 3,000, 000  x 3.99271

PV = 11, 978,133.75

3 0
3 years ago
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