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morpeh [17]
3 years ago
11

Gus takes his $15 in lemonade stand earnings and deposits it into his savings account. Meanwhile, Gus’s dad borrows $20,000 to b

uy a new family car. Gus’s $15 represents a(n) ____ for the bank, while his dad’s $20,000 loan represents a(n) ____ for the bank
Business
1 answer:
tresset_1 [31]3 years ago
8 0

Answer:

<u>liability</u>, <u>asset </u>

Explanation:

Liability refers to a future obligation in monetary form which must be discharged by a business. Liabilities are classified on the basis of due period into current and long term. For instance payment due to a supplier, loan for repayment.

Assets on the other hand refer to something which yields future economic benefits. Assets could be in tangible fixed form, movable form or intangibles such as Goodwill.

In the given case, from the purpose of bank, acceptance of deposits constitutes a liability since the bank has to pay such deposits whenever required by the customer.

Similarly, lendings by a bank represent an asset since the bank would receive such sum coupled with interest at a future date.

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Predetermined Overhead Rate, Overhead Variances, Journal Entries Craig Company uses a predetermined overhead rate to assign over
Ipatiy [6.2K]

Answer:

Very Good Answer.. By study this Indian great Pilot...

7 0
3 years ago
Jackson Company uses a perpetual inventory system. On November 30, it purchased $10,000 of merchandise and it must pay the $200
pshichka [43]

Answer:

Option (A) A debit to inventory for $200

Explanation:

The entire cost of purchasing products (including the cost of having the inventory shipped to the buyer) is reported as part of the cost of the inventory in a perpetual inventory system.

The entry of paying the charges for shipping is included in debit to inventory for $200 and a credit to cash for $200.

Hence,

The answer is option (A) A debit to inventory for $200

8 0
3 years ago
Suppose the total market value of all the final goods and services produced in the country of Rushya was $8 billion in 2008 (mea
Advocard [28]

Answer:

Option 4 is definitely correct: Whether real GDP increased cannot be determined with the information given.

Explanation:

The information that is given only states that there has been an increase in the market value of final goods and services in two years. So, we cannot conclude that production increased in Rushya or average price levels increased there as per Option A and C respectively, because market value can be increased by both increase in production or price levels. Even Option B cannot be concluded as the real GDP is dependent on other variables as compared to the total market value.

Thus, only appropriate statement is option D: we cannot determine increase in real GDP with the given information.

3 0
3 years ago
You are analyzing Jillian’s Jewelry (JJ) stock for a possible purchase. JJ just paid a dividend of $1.50 yesterday. You expect t
disa [49]

Answer:

A. D1 = 1.50*1.06 = 1.59

D2 = 1.59*1.06 = 1.69

D3 = 1.69*1.06 = 1.79

B. PV of D1=(1.50*1.06)/1.13^1=1.41

PV of D2=(1.50*1.06^2)/1.13^2=1.32

PV of D3=(1.50*1.06^3)/1.13^3=1.24

PV of all dividend = (1.50*1.06)/1.13^1 + (1.5*1.06^2)/1.13^2 + (1.5*1.06^3)/1.13^3

PV of all dividend = 1.59/1.13 + 1.6854/1.2769 + 1.786524/1.442897

PV of all dividend = 1.407079646 + 1.319915 + 1.238150748

PV of all dividend = 3.965145814288893

PV of all dividend = 3.97

C. PV = 27.05/(1+13%)^3

PV = 27.05/(1.13)^3

PV = 27.05/1.442897

PV = 18.74701

PV = 18.75

D. The most you should pay for it :

= (1.50*1.06)/1.13^1+(1.5*1.06^2)/1.13^2+(1.5*1.06^3)/1.13^3+27.05/1.13^3

=22.71

E. Value = (1.50*1.06)/(13%-6%)

Value = 1.59 / 7%

Value = 1.59 / 0.07

Value = 22.714286

Value =22.71

F. No, the value is not dependent on the holding period, you can see from above that the value of infinite time period estimated in E equals to the value calculated when there was 3 years holding period.

5 0
3 years ago
B
ludmilkaskok [199]

Answer:

1)decrease 2)increase

Explanation:

Because the money come in the business

5 0
2 years ago
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