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3 years ago

Contracts are really only used for business; most people do not have contracts for their personal finances. true or false

Business

2 answers:

guapka [62]3 years ago

7 0

WRONG. the answer is FALSE! I just took the quiz.

mariarad [96]3 years ago

5 0

The answer is false.

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Simons Company purchased land to build a new factory. The following expenditures were made in conjunction with the land purchase

Alexandra [31]

Answer: attached

Explanation:

3 0

4 years ago

How would you pay taxes on a earned income?

nasty-shy [4]

You must pay two types of taxes on earned income: Social Security/Medicare taxes (called FICA, OASDI, or payroll taxes) and income taxes. The payroll taxes that are withheld from your paycheck have two components.

3 0

3 years ago

A company purchased a plant asset for $53,000. It has a salvage value of $3,000 and annual depreciation expense of $5,000. It ca

marshall27 [118]

Answer:

The remaining useful life of the asset is = 10 - 3 = 7 years

Explanation:

The straight line method of depreciation charges a constant depreciation expense through out the useful life of the asset. The formula for depreciation expense under this method is,

Depreciation expense = (Cost - Salvage value) / Estimated useful life of the asset

Plugging in the values for depreciation expense per year, cost and salvage value, we can calculate the total expected life of the asset.

5000 = (53000 - 3000) / estimated useful life of the asset

estimated useful life of the asset = 50000 / 5000

estimated useful life of the asset = 10 years

As the accumulated depreciation balance is of 15000, the depreciation for 15000/5000 = 3years has been charged.

The remaining useful life of the asset is = 10 - 3 = 7 years

3 0

3 years ago

According to most management researchers, the modern study of management originated in which century?

maks197457 [2]

Most management researchers believe that modern management studies originated in the <u>c. 18th century.</u>

<h3>Origins of modern management </h3>

Originated with the Industrial Revolution.
Originated as a means to make production more efficient.

The Industrial Revolution began in the 1700s or the 18th century and so we can conclude that modern management also started in the 18th century as well.

Find out more on<u> modern management</u> at brainly.com/question/4928239.

7 0

2 years ago

The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016:

dybincka [34]

Answer:

a. June 30, 2016 adjusting entry for bad debt expense

Dr Bad debt expense 9,108

Cr Allowance for doubtful accounts 9,108

b. August 15, 2016, uncollectible accounts are written off

Dr Allowance for doubtful accounts 3,251

Cr Accounts receivable 3,251

c. Allowance for doubtful accounts

debit credit

June 30, 2016 $38,565

August 15, 2016 <u>$3,251 </u>

August 15, 2016 $35,314

Explanation:

Number of Days Total Accounts Historical % Total

Unpaid Receivable Uncollectible

Not yet due $128,200 3% $3,846

1-30 days past due $90,900 13% $11,817

31-60 days past due $55,300 19% $10,507

Total $38,565

6 0

3 years ago