Answer:
the 8,000 withdrawals.
Explanation:
We shold make the point we are looking at Sussete cash flow not the investment cash flow.
For Susette the cash inflow would be the 8,000 withdrawals.
The 10,000 and 5,000 are cash outflow for Sussete.
While for the project is the opposite
the 10,000 and 5,000 are inflow while the 8,000 are outflow.
Answer:
$297
Explanation:
We are to find the simple interest received by each of Michael and John after 1 year on $11000 at their respective rate of interest, then subtract the bigger from the smaller, the difference is the answer.
Simple Interest = PxRxT
P = Principal
R = Rate
T = Time
Michael
P = $11,000
R = 3%
T = 1 Year
Simple Interest = $11000 x 3% x 1
= $11000 x 0.03
= $330
That is Michael will receive an interest of $330 after 1 year
John
P = $11000
R = 5.7%
T = 1 Year
Simple Interest = $11000 x 5.7% x 1
= $11000 x 0.057
= $627
This means John will receive an interest of $627
Therefore, John will receive $627 - $330 = $297 more than Michael
Answer:
c.$14,060
Explanation:
I hope my answer is correct
Answer:
debit Accounts Payable—Jones, credit Merchandise Inventory.
Explanation:
When inventory is purchased on account, it increases the merchandise inventory balance along with the liability towards the payment.
When some inventory out of the above is returned, it decreases the inventory, and thus accordingly it is credited by the same.
Further it decreases the accounts payable by the same as such amount is not required to be paid.
Therefore, correct option is
Statement A
Answer:
d.$189,000 sale price
Explanation:
Investing activities: It records operations that include buying and selling long-term properties. The buying is a cash outflow whereas the sale is a cash inflow.
Since the equipment is sold this year for $189,000 that is to be reported in the investing activities under the cash flow statement. This amount should be recorded with a positive sign.
The other information is not relevant.