Answer:
D. $605,500
Explanation:
At the end of 2014, the Retained Earning balance was $533,000. This serves as our beginning balance for the year 2015.
Furthermore, Dividends are expected to be paid out, i.e. a deduction on the balance sheet.
Retained Earnings on the 2015 budgeted balance sheet = Beginning Balance + Expected Net Income - Expected Dividend
=533,500+112,000-40,000
=$605,500
You would choose the last one. In two months, you make more money thank you would in those two years for the first man.
<span>Family A: marginal rate 20%, average rate 10%</span><span>
Family B: marginal rate 40%, average rate 23% </span><span>
The marginal tax rate is the rate paid on the last dollar of income; this would be whatever tax bracket the family is in. The average price is the total tax divided by the total revenue. </span><span>
Family A: </span><span>
</span><span>
total income $40,000: this includes $10,000 at 0%, $20,000 at 10% (tax of $2,000), and $10,000 at 20% (tax of $2,000). The last rate paid is 20% so that is the marginal rate; the total tax paid is $4,000, divide that by $40,000 total income, that is the average rate. </span><span>
Family B: </span><span>
</span><span>
total income $100,000: this includes $10,000 at 0%, $20,000 at 10% (tax of $2,000), $20,000 at 20% (tax of $4,000), $30,000 at 30% (tax of $9,000), and $20,000 at 40% (tax of $8,000). The last rate paid is 40% so that is the marginal rate; the total tax paid is $23,000, divide that by $100,000 total income, that is the average rate.</span>
Answer:
Explanation:
The preparation of the report form balance sheet as of August 31, 2019 is presented below:
Sentinel Travel Service
Report form balance sheet
For the year ended August 31, 2019
Assets
Cash $143,125
Account receivable $54,240
Supplies $9,300
Land $248,000
Total assets $454,665
Liabilities
Account payable $19,370
Owner equity
Ending capital $435,295
Total liabilities
And owners equity $454,665
The net income would be
= Fees earned - Office expense - Miscellaneous expense - Wages expense
= $774,800 - $178,205- $15,495 - $371,905
= $209,195
And, the ending capital would be
= Opening capital - withdrawn amount + net income - additional cpiatl
= $209,000 - $29,400 + $209,195 + $46,500
= $435,295
Explanation:
- It encourages people community to post their news
- The news can be posted for a group or to a general public too
- The group or the general public can comment on the news
- The news which is interesting based on the reviews will be given the top priority
Example:
Reddit - A large site with huge number of user
Digg - This is also quite popular and it has different categories of news where the user can view news based on his/her interest.
