This a simple interest question with the principal = $25,000 time = 90 days and rate = 7%.
The simple interest in an investment after t days is given by PRT / (100 x 360). where P = $25,000 R = 7% and T = 90
S.I = (25000 x 7 x 90) / (360 x 100) = 15750000 / 36000 = 437.5
Therefore, the amount of interest Jasper will collect is $437.50
Answer:
$3,500 and deferred tax liability
Explanation:
The computation of the deferred tax is shown below:
= Service performed × tax rate
where,
Service performed is $10,000
And, the tax rate is 35%
Now placing the values
The amount of deferred tax is
= $10,000 × 35%
= $3,500
This amount reflect the deferred tax liability
We simply multiplied the service performed amount with the tax rate so that the deferred tax could come
Answer:
Answer for the question
Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $6,400 and a fair market value of $16,100. Kelsey will invest a building with a book value of $46,500 and a fair market value of $64,300.
What amount will be recorded to Sandra's capital account?
Is given in the attachment.
Explanation:
Supply, the supply curve, and the supply schedule are three different ways of expressing information about the supply of a good - service - or resource
<h3>What are ways of expressing supply?</h3>
When we speak of supply, we refer to the quantity of goods and services that producers give to the market for sale.
The supply curve then shows the different prices and quantities that these goods would be sold in while the supply schedule does the same but in a non-graphical format.
Find out more on the supply schedule at brainly.com/question/2094262.
#SPJ1
Answer:
Bad Debt expense = Allowance for uncollectible debit + (Estimated uncollectibles)
= 1,900 + (15% * 116,000)
= $19,300
1.
Dec. 31 DR Bad debt expenses $19,300
CR Allowance for Uncollectable $19,300
2. Balance Sheet;
= 116,000 * 15%
= $17,400
Income Statement;
= $19,300
3. Net realizable value
= Accounts receivable - Estimated uncollectibles
= 116,000 - 17,400
= $98,600
