Answer:
$200 of revenue, $400 of deferred revenue
Explanation:
The journal entry to record the entry on August 1 is shown below:
Unearned revenue A/c Dr $200
To Revenue $200
(Being the two-month revenue is recorded)
The computation is shown below:
= Six-month revenue × number of months ÷ total number of months
= $600 × 2 months ÷ 6 months
= $200
The two months is calculated from June 1 to August 1
The remaining balance would be transferred to the deferred revenue account
= $600 - $200
= $400
Answer:
$250,000 and $500,000
Explanation:
According to the tax laws there is annual limit on Loss deductions relating the amount of business loss that can be deducted in a year.
The law states that single or individual tax payers can deduct nothing more than $250,000 while married taxpayers who are filing jointly can deduct up to $500,000 per year of their business losses.
Therefore, if Jahlil is single the amount of partnership loss he can deduct is $250,000 but if he is married filing jointly, he can deduct $500,000
Answer:
The population would be 1318 million
Explanation:
Acording to the formula
<h2>
Nt =Noe^{T * r}</h2>
Nt = population size in generation t
No = initial population size.
e= number e
T= number o years
r = rate
<h2>
Nt =325 x ( e^{200 * 0.007})</h2><h2>
</h2><h2>
Nt = 1318 millions</h2>
