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PIT_PIT [208]
3 years ago
13

Lytle River Company operates a public water supply system. Lytle must send to every household that is supplies with water an ann

ual statement describing a. Lytle's financial situation and material facts that might affect it. b. other business in which Lytle is involved and to what extent. c. the source of the water, and any contaminants and health concerns. d. parties who might be held liable if pollution problems arise. e. C and D are both correct.
Business
1 answer:
sveticcg [70]3 years ago
8 0

Answer:

Lytle River Company

c. the source of the water, and any contaminants and health concerns.

Explanation:

When Lytle River Company sends to every household that it supplies with water an annual statement, the statement should indicate the source of the water that Lytle River Company supplies.  It should also contain information about possible contaminants and other health concerns to enable the households understand how the water they drink is treated and how they should use it.  This information is important to safeguard households.  It will also help them to know the parties to be held liable for pollution problems.

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Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $9
kenny6666 [7]

Answer:

Debit to Unearned Rent

Credit to Rent Earned for $2,925

Explanation:

Given:

Amount of total rent = $7,800

Computation:

Amount unearned = Amount of total rent (3months / 8 months)

Amount unearned = 7,800 [3/8]

Amount unearned = $2,925

Journal entry:

Unearned rent A/c Dr $2,925

Rent A/c Cr                   $2,925

[Debit to Unearned Rent

Credit to Rent Earned for $2,925]

4 0
3 years ago
When a country imports more than it exports, it has a(n)?
KIM [24]
It has a trade decifit. 
3 0
3 years ago
Maas LLP developed software that helps farmers to plow their fields in a manner that prevents erosion and maximizes the effectiv
Dafna1 [17]

Answer:

The correct option is D. $ 20,000

Explanation:

$ 20,000 is the revenue that will recognize in the first year of the contract Because the company Mass LLP will have no more continuing involvement with the Company Sunny Dale.

All the license transfers a right of use to Sunny Dale, and all license revenue $20,000 will be recognized upon transfer of control of the software to the customer

4 0
3 years ago
A firm is considering a project requiring an investment of $30,000. The project would generate an annual cash flow of $7,251 for
Nina [5.8K]

Answer:

c.12%

Explanation:

PVF of  12% for 6 years is 4.11

PVFof 11% for 6 years is 4.23

Present value of cash inflows, 12% = 7251*4.11

Present value of cash inflows, 12% = 29801.61

Present value of cash inflows, 11% = 7251*4.23

Present value of cash inflows, 11% = 30671.73

Internal rate of return = 11% + (30671.73 - 30000)/(30671.73-29801.61)

Internal rate of return = 11.7719969659%

Internal rate of return = 11.772%

3 0
2 years ago
River rock, inc. just paid an annual dividend of $2.80. the company has increased its dividend by 2.5 percent a year for the pas
ohaa [14]
The answer to this should be 24.65.
I could be wrong but I think you are suppose to add.

Hope this helped :)
Have a great day
8 0
2 years ago
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