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RoseWind [281]
2 years ago
6

On the worksheet, the Service Revenue account has a credit balance of $20,000 on the Unadjusted Trial Balance. In the Adjustment

s there is a credit of $2,000. What is the amount for Service Revenue in the Adjusted Trial Balance?
Business
1 answer:
Vesnalui [34]2 years ago
6 0

Answer:

$22,000

Explanation:

Data provided

Credit balance = $20,000

Credit amount = $2,000

The computation of the amount for Service Revenue in the Adjusted Trial Balance is shown below:-

The Amount for service revenue = Credit balance + Credit amount

= $20,000 + $2,000

= $22,000

Therefore we have applied the above formula for determining the Amount for service revenue.

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How much would $100, growing at 5% per year, be worth after 75 years?a. $3,689.11b. $3,883.27c. $4,077.43d. $4,281.30e. $4,495.3
Radda [10]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

How much would $100, growing at 5% per year, be worth after 75 years?

We need to use the following formula to calculate the final value.

FV= PV*(1+i)^n

FV= 100*(1+0.05)^75

FV= $3,883.27

6 0
3 years ago
Which of the following is useful for making rational choices?
ehidna [41]

Answer:

financial planning

Explanation:

It is best to be prepared. most things we want to do cost money. It is very easy to loose track of spending money.

8 0
3 years ago
Read 2 more answers
Williford Enterprises has purchased common stock from several companies and has classified them as long-term investments. If the
Tomtit [17]

The way they will record the dividends if they use the fair value method vs. the equity method is A. They will report dividends as income under the fair value method but as a reduction in the investment under the equity method.

<h3>What is a Stock?</h3>

This refers to the shares of a company that denotes a certain ownership percentage for each buyer of the stock.

Hence, we can see that Williford Enterprises has purchased common stock from several companies and has classified them as long-term investments and option A best shows how they would record the dividends.

Read more about the fair value method here:

brainly.com/question/17370892

#SPJ1

5 0
2 years ago
Legal and political practices such as quotas, tariffs, and business practice laws fall under the larger category of _____.
Sidana [21]

There are lots of government practices. Legal and political practices such as quotas, tariffs, and business practice laws fall under the larger category of protectionism.

<h3>What is protectionism?</h3>

Protectionism is known to be a type of policy that is often applied in  protecting domestic industries against any kind of foreign competition through the use of tariffs, subsidies, import quotas, etc.

A common example of protectionism is simply the Common Agricultural Policy (CAP) of the European Union. The European Union is said to often imposes an amount of  tariff rates on a lot of agricultural markets.

Learn more about political practices from

brainly.com/question/7807133

3 0
2 years ago
You buy an annuity which will pay you $12,000 a year for ten years. The payments are paid on the first day of each year. What is
Kruka [31]

Answer:

PV of annuity due = $90,182.8 (Approx.)

Explanation:

Given:

Payment per year = $12,000

Number of year = 10

Interest rate = 7% = 0.07

Find:

PV of annuity due

Computation:

PV of annuity due = P + P[{1-(1+r)⁻⁽ⁿ⁻¹)/r]

PV of annuity due = 12,000 + 12,000[{1-(1+0.07)⁻⁽¹⁰⁻¹)/0.07]

PV of annuity due = $90,182.8 (Approx.)

7 0
2 years ago
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