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3 years ago

Hey guys I know this isn’t a math or any school related thing but can y’all please subscribe to my channel . Please

Business

2 answers:

Oduvanchick [21]3 years ago

5 0

Yeah yeah ofccccccc!!!!!!

kherson [118]3 years ago

5 0

Yes! Of force I will subscribe!

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For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) identify the

romanna [79]

Answer:

Please see explanation.

Explanation:

1. and 2.

Type of accounts Normal balance

a. Cash asset Debit

b. Legal Expense expense Debit

c. Prepaid Insurance asset Debit

d. Land asset Debit

e. Accounts Receivable asset Debit

f. Dividends equity Debit

g. License Fee Revenue revenue Credit

h. Unearned Revenue liability Credit

i. Fees Earned revenue Credit

j. Equipment asset Debit

k. Notes Payable liability Credit

l. Common Stock equity Credit

Journal entries to increase the balance:

Dr Cr

a. Cash Cash Revenue

b. Legal Expense Legal expenses Cash

c. Prepaid Insurance Prepaid Insurance Cash

d. Land Land Cash

e. Accounts Receivable Accounts receivable Revenue

f. Dividends Retained earnings cash

g. License Fee Revenue Cash License Fee Revenue

h. Unearned Revenue Cash Unearned revenue

i. Fees Earned Cash Fees Earned

j. Equipment Equipment Cash

k. Notes Payable Cash Notes Payable

l. Common Stock Cash Common Stock

7 0

3 years ago

Assume that you contribute $300 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $

dmitriy555 [2]

Answer:

Total FV= $2,555,406.98

Explanation:

Giving the following information:

Investment 1:

Monthly deposit= $300

Number of months= 12*45= 540

Interest rate= 0.09/21= 0.0075

Investment 2:

Monthly deposit= $500

Number of months= 12*20= 240

Interest rate= 0.09/21= 0.0075

To calculate the future value, we need to use the following formula on each investment. I separated into two to simplify calculations.

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Investment 1:

FV= {300*[(1.0075^540) - 1]} / 0.0075

FV= $2,221,463.54

Investment 2:

FV= {500*[(1.0075^240) - 1]} / 0.0075

FV= $333,943.44

Total FV= $2,555,406.98

7 0

3 years ago

During the year, Lillie rented her vacation home for three months and spend one month there. Gross rental income from the proper

77julia77 [94]

Answer:

$8,100

Explanation:

The home was rented for more than 14 days, you must pay taxes for the rental income

Since Lille used the house for more than 15 days herself, limits her deduction. The home cannot be treated as rental home nor personal use vacation home.

total days used = (30 x 3) + 30 = 120 days

rental days = 90/120 = 75% (this doesn't apply to mortgage interest nor real estate taxes, they are still 100% deductible)

mortgage interest and real estate taxes still qualify as personal expenses = $3,000 + $1,500 = $4,500

utilities and depreciation will be deducted only 75% = ($800 + $4,000) x 75% = $3,600

total deductions = $4,500 + $3,600 = $8,100

7 0

3 years ago

suggest one strategy businesses can use to deal with each of the following socio economic issues : illiteracy , dumping and inef

Ket [755]

Answer:

hatdog mo maliit

Explanation:

AHAHAHHAHAHA

6 0

2 years ago

Mary offers to buy Hal's desktop computer for $400. Hal sends Mary an e-mail of acceptance. The $400 is to be paid upon Hal's de

GenaCL600 [577]

Answer:

A. This is a bilateral, valid, executory contract

Explanation:

As in the given scenario, the offer and acceptance is made between the Mary and Hal which reflect the valid contract as in this both parties have expresses to enter into a contract

Plus, it is a bilateral contract in which both parties agree to do his/ her positions.

And, it is also an executory contract in which the contract is completed at some future i.e in this case the contract is completed when delivery and payment are made.

7 0

2 years ago