Answer:
Amount of three parts of investment are
72000, 16000 and 5000
Explanation:
We have given total investment = $93000
Let the investment made by three businessman are x , y and z
So -----eqn 1
It is given interest rates are 8 % , 6% and 9 %
And time = 1 year
Total interest = $7170
So ----eqn 2
It is given that interest from first investment is 6 times the interest from second investment
So
----- eqn 3
After solving eqn 1 eqn 2 and eqn 3
x = 72000
Y = 16000
And z = 5000
Answer:
$1,500
Explanation:
Calculation for How much must the customer deposit by settlement day to pay for the trade
Deposit=100 shares*$15 per share
Deposit=$1,500
Therefore the amount that the customer must deposit by settlement day to pay for the trade is $1,500
Answer:
b. An income statement account,
Explanation:
The allowance for doubtful debts accounts is not an income statement account because it has not yet been regarded as a bad debt expense which would be shown in the income statement as an expense.
It is a contra asset account that would be deducted from the asset it relates to in the balance sheet(the accounts receivable)
So also, it is an estimate of the uncollectible portion of the accounts receivable.
Finally, the fact it is reflected in the balance sheet means it is a balance sheet account.
<span>House flipping is the buying of a house for a low price with the intention of reselling it for a profit after a short period of time. Some house flippers will also buy houses that are in need of some level of renovation, fix them up and then flip them for more than the cost of the house plus renovations.</span>
Answer:d
Explanation:
Formality is something that you must do formal or official part of an activity