Assests - Item owned that could be sold for cash.
Goal - Target or Result which is desired.
Liabilities- Money owed.
Long term Goal -A desired result that maybe attained in more than a year.
Net worth- The amount you've minus the amount you owe
Short term Goal -A desired result that maybe attained in less than a year.
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Answer:
The August 31 trial balance is a debit and credit amount of $16,986
Explanation:
The journal entries for the following transactions is as follows;
General Journal Debit Credit
1. Cash $6,500
Photography equipment $33,500
Common stock $40,000
2. Prepaid insurance $2,100
Cash $2,100
3. Office supplies $880
Cash $880
4. Cash $3,331
Photography fees $3,331
5. Utilities expense $675
Cash $675
August 31 trial balance $16,986 $16,986
The August 31 trial balance is a debit and credit amount of $16,986
Answer:
The total amount of the cash dividend is $7,125
Explanation:
The Dividend is declared to pay all the outstanding shares in the market. Sometime the company has some treasury shares in the stocks which is deducted from the total issued shares to find the outstanding shares. In this case, the issued shares and the outstanding numbers of shares are different.
Treasury shares are those shares that are bought back by the company that issued the shares.
Use the following formula to calculate the cash dividend
Cash Dividend = Numbers of outstanding shares x Dividend rate
Where
Numbers of outstanding shares = 9,500 shares
Dividend rate = $0.75 per share
Placing values in the formula
Cash Dividend = 9,500 x $0.75 per share
Cash Dividend = $7,125
There goal means they want to examine credit unions. The meaning of the phase is Why focus on credit unions? Because: 1) They tend to be more retail-focused than many community banks, and 2) we can get data on credit unions’ membership size which provides a basis of comparison and analysis to evaluate the social media data.
Answer:
The correct answer is letter "D": Opportunity cost.
Explanation:
Opportunity cost is described as the return of the choice selected over the potential return that could have been obtained from the choice left behind. It represents the return of the option chosen compared to the choice forgone. Opportunity costs is also defined as the return of the best next available option.