You basically need to do only two things:
1. Know what you want from life
2. Go to college and get a high degree
Simple
Answer:
C. Her employer has a centralized structure.
Explanation:
Centralized structure means basically everything has to go through Monica's approval, even day-to-day operations.
Answer:
Cash (Dr.) $50,000
Lease Receivable (Cr.) $50,000
Explanation:
Lessor is the person who leases the item to gain financial benefit from the asset user lease. Lessee is a person who uses the assets but does not owns it so he pays lease rentals. In the given scenario the lease recoding at inception in the lessor books will be cash debit and lease receivable credit.
Answer:
Blue Spruce Corp.
Statement of Comprehensive Income
Income before income taxes $436,000
Less: Income Tax <u>$139,520</u>
($436,000 * 32%)
Net Income $296,480
Other comprehensive income (loss):
Unrealized gain on available-for-sale <u>$58,140</u>
securities, net of tax ($85500*68%)
Total Comprehensive Income <u>$354,620</u>
Answer:
Gringotts Bank real interest rate = 20% - 25% = -5%
Explanation:
real interest rate = nominal interest rate - inflation rate
the inflation rate between year 1 and year 2 = [(CPI year 2 - CPI year 1) / CPI year 1] x 100 = [(150 - 120) / 120] x 100 = (30 / 120) x 100 = 0.25 x 100 = 25%
Gringotts Bank real interest rate = 20% - 25% = -5%
since the interest rate is negative, that means that Gringott Bank is actually losing money by lending it at 20% since the inflation rate is much higher.
