Answer:
You pay taxes upfront
the maximum contribution is low
Explanation:
UTP quiz
That's the amount of charges owed to the credit card company.
Explanation:
The journal entries are as follows
a. Cash $540
To Account payable $540
(Being the error is recorded)
It is computed below:
= Corrected amount - incorrect amount
= $710 - $170
= $540
b. Bank service charges $20
To Cash $20
(Being the bank services charges are paid in cash is recorded)
All other information is ignored
Answer:
Depreciation Expense is $5000 per year.
Explanation:
The straight line depreciation formula is given as under:
Depreciation = (Cost - Scrap Value) / Useful life
Here:
Cost = $25,500
Scrap Value = $5,500
Useful Life = 4 years
By putting values, we have:
Depreciation = ($25,500 - $5,500) / 4 Years = $5,000
Answer:
a. $247.50
Explanation:
As bonds are semi annual, every 6 months interest payment will be mad
Face value = 1000
Coupon rate = 8.25%
Number of bonds = 6
Interest payment = 1000 * 8.25% * (6/12) * 6
Interest payment = $247.50
So, the amount i will receive as the next interest payment is $247.50.
