Answer:
1 and a half months worth of depreciation
Explanation:
The advantage of starting to depreciate an asset purchased on December is that next year you will be able to depreciate it for a full year under MACRS. Generally, when you purchase an asset, you have to use the half year convention and your depreciation expense for the first year will be low compared to the second year. But if you start depreciating your asset in the current year, even if you purchased it on December and the depreciation expense is not that significant, the next year you will be able to depreciate it at the second year rate.
No entries shall be allowed for district meets which are not submitted to the director on or before the fifth day before the first day of the meet.
<h3><u>
What is the role of a director?</u></h3>
- An organization's directors play a crucial role in governance on behalf of its shareholders or members.
- The legal obligations that each Director must uphold during their tenure are outlined in various pieces of legislation. However, Directors are also held personally responsible for exceeding 700 more laws and legal standards.
- Each director must acknowledge and support the following standards of conduct:
- To accept personal accountability for contributing objectively and without regard to one's own interests to the Board's choices.
- To proactively seek out sufficient knowledge about the organization's operations.
- To constructively contribute to the formulation of pertinent organizational policies.
- To give the organization's long-term strategies solid support.
In order to encourage good governance and guarantee that each director acts in the interests of the company's stakeholders, the legally based director duties were created.
Know more about Directors with the help of the given link:
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Answer:
Bonds
Explanation:
Bonds are financial instruments that are used to obtain funding from the bond holders. It is a debt security that is issued by a government or corporation to investors.
When investors buy bonds the funds are used by governments for its operations and various projects. Interest is paid on the bonds.
Bonds can be municipal bonds or corporate bonds.
Unlike shares bonds does not grant the holder an equity or ownership stake in the company, rather it grants a creditor stake.
Answer:
$995,745
Explanation:
PV = $0
PMT = $500
I/YR = 6
P/YR = 12
N = 40 x 12 = 480
your retirement account be in 40 years will be $995,745
Answer:
$10,000
Explanation:
Net Credit Sales $250,000
Allowance for Doubtful Accounts $250,000*4%=$10,000
Bad Debt Expense will be $10,000
Bad Debt Expense Dr.$10,000
Allowance for Uncollectible Cr.$10,000
