Answer:
Civic engagement means, work to make difference in the civic life of the community , using combination of values, motivation, skills and knowledge to make difference.
- It can be both formal or informal,
- It can have many forms such as community engagement, volunteerism, government work and organizational involvement and electoral participation.
- Civic engagement work such as volunteering and voting can help people develop skills, voice and knowledge to make positive change in the society and helps to improve the conditions which influence well being and health for all.
- Many people volunteer to clean the riverbeds , or by collecting the garbage from beaches, they can be considered to be civically engaged. They do it because it gives them a sense of contributing to the society by keeping rivers and beaches clean.
Answer:
d
Explanation:
The equation of any straight line, called a linear equation, can be written as: y = mx + b, where m is the slope of the line and b is the y-intercept. The y-intercept of this line is the value of y at the point where the line crosses the y axis.
Answer:
$6,500
Explanation:
outstanding common stock 40,000
outstanding preferred stock 13,000 stocks of 5%, $10
preferred stock dividends per year = 13,000 x 5% x $10 = $6,500
The company only paid $4,000 in dividends during 2019, but since the preferred stocks are non-cumulative, the remaining $2,500 will not be paid in 2020.
dividends paid during 2020 = $6,500
If the preferred stocks were cumulative, then the company would have paid $6,500 + $2,500 = $9,000 in 2020
Answer:
The correct answer:
$14,000 (b.)
Explanation:
Depreciation is an accounting method of allocation of cost to a tangible asset, where the recorded cost of a fixed asset is reduced in a systemic manner, until the value of the asset becomes zero is negligible.
In the straight-line basis of calculating depreciation, the difference between the cost of an asset and its expected salvage value is divided by the number of years it is expected to be used.
Mathematically, it is calculated as:
Depreciation of an asset = (purchase price - salvage value) ÷ estimated useful life.
Purchase price = $160,000
salvage value = $20,000
useful life = 10 years
∴ Depreciation = (160,000 - 20,000) ÷ 10
= 140,000 ÷ 10 = $14,000.
This means that at the end of every year, the value of the equipment reduces by a price worth $14,000.
Answer:
debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts
Explanation:
The journal entry needed to record the adjusting entry by using the allowance method is given below:
Bad debt expense
To Allowance for doubtful debts
(Being bad debt expense is recorded)
Here the bad debt expense is debited as it increased the expense and credit the allowance as it decreased the assets
