Answer:
The correct answer to the following question will be "Consolidation".
Explanation:
- Obligation restructuring is an investment strategy, merging bills into some kind of single debt paid out by a lender via a management plan. Debt consolidation is particularly effective in heavy-interest debt, such as credit card payments.
- Debt restructuring is a form of financial refinancing that involves taking out a loan to cover off so many others.
- This is usually referred to as a personal finance mechanism for people working in high mortgage debt, but sometimes it could also refer to a monetary solution of the country to the restructuring of corporate bonds or government borrowing.
Therefore, Consolidation is the right answer.
Answer:
Smart Touch Learning
SMART TOUCH LEARNING Income Statement December 31, 2016
Service Revenue 42,500
Depreciation Expense--Furniture 1,800
Interest Expense 200
Rent Expense 2,800
Salaries Expense 3,200
Supplies Expense 700
Total Expenses 8,700
Net Income $33,800
Explanation:
a) Data and Calculations:
SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit
Cash 14,000
Accounts Receivable 7,700
Office Supplies 100
Prepaid Rent 9,300
Furniture 16,300
Accumulated Depreciation--Furniture 5,600
Accounts Payable 1,800
Salaries Payable 400
Interest Payable 200
Unearned Revenue 4,600
Notes Payable 6,500
Common Stock 9,100
Retained Earnings 9,300
Dividends 23,900
Service Revenue 42,500
Depreciation Expense--Furniture 1,800
Interest Expense 200
Rent Expense 2,800
Salaries Expense 3,200
Supplies Expense 700
Total 80,000 80,000
b) The income statement of Smart Touch Learning shows the difference between its revenue and expenses for a given accounting period. It is used to determine the net income that the company has generated over a particular period.
Jimmy Wales advocated for the advancement and sharing of knowledge that is why he started Wikipedia. Elon Musk, on the other hand, dedicated his life to the advancement of technology for the perpetuation of mankind. His ambitious ideas were able to draw in enough support and provided incredible results.
Answer: Option (C) is correct.
Explanation:
Correct Option: Third-degree price discrimination.
When the different price is charged for every unit of consumption is called asfirst-degree price discrimination. It is also known as perfect price discrimination. In this type of discrimination, seller charge prices according to the consumers willingness to pay.
In second-degree price discrimination, different price is charged for different quantity of goods.
In third-degree price discrimination, different price is charged from different groups but the same price will be charged within the group. For example: the caste categories, SC, ST, OBC and general; here different fees is charged from different category.
In our question, Charging higher prices to residential customers than to industrial customers is an example of third-degree price discrimination.
Answer and Explanation:
a.
The punitive damages of $80,000 should be involved in the gross income of leigh. The amounts like $15,000 and $6,000 should not be included as this is a physical personal injury except the $3,300 that for the damaged as this amount is untaxable also here the capital is recovered because it decreased the basis by $3,300
b. The $25,000 should be included in the gross income of leigh as it does not occur from the physical personal injury
