1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lions [1.4K]
2 years ago
8

Bill is the treasurer for a fast-growing organization whose budget has recently been growing at a rate of 10% per year. The budg

et last year was $352,000. What should he expect it to be 2 years from now
Business
1 answer:
TiliK225 [7]2 years ago
5 0

Answer:

$426,000

Explanation:

Calculation to determine What should he expect it to be 2 years from now

First step is to calculate for One year budget

In One year budget =$352,000+(10%*$352,000)

In One year budget =$352,000+$35,200

In One year budget=$387,200

Now let determine What should he expect it to be 2 years from now

In Two year budget=$387,200+(10%*$387,200)

In Two year budget=$387,200+$38,720

In Two year budget=$425,920

In Two year budget=$426,000 (Approximately)

Therefore What should he expect it to be 2 years from now is $426,000

You might be interested in
Consider the following transactions for Huskies Insurance Company:
PilotLPTM [1.2K]

Answer:

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

31-Dec

Dr Interest receivable $1,750

Cr Interest revenue $1,750

31-Dec

Dr Deferred Revenue $4,000

Cr Revenue or Service Revenue $4,000

Explanation:

Preparation of the necessary adjusting entry for Huskies Insurance at its year-end of December 31.

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

(Being to adjust 12 month depreciation)

31-Dec

Dr Interest receivable ($50,000 x 7% x 6/12) $1,750

Cr Interest revenue $1,750

(Being to adjust 6 month interest revenue accrued)

31-Dec

Dr Deferred Revenue ($16,000 x 3/12) $4,000

Cr Revenue or Service Revenue $4,000

(Being to record earned revenue for 3 months)

6 0
2 years ago
Research estimates that the cost of health care is ________ higher for high-stress workers then for workers with less stress.
Taya2010 [7]
What are your choices
7 0
3 years ago
Fitch Supply Services received $1,000 cash from a customer; the amount was owed to the business from the previous month. What is
Solnce55 [7]

Answer:

Decrease the accounts receivable account in assets section of balance sheet by $1,000

Increase the cash account in assets section of balance sheet by $1,000

Explanation:

The Accounting equation for any entity is represented by the following equation:

Assets= Equity + Liability

When the entity receive any amount from customer in respect of the any credit sale made to him, the account receivable in the asset section will be decreased by the that amount and the cash section in the asset section will be increased by that amount.

In this case, Fitch supply services shall

Decrease the accounts receivable account in assets section of balance sheet by $1,000

Increase the cash account in assets section of balance sheet by $1,000

7 0
3 years ago
Jason and Katrina work on the loading dock for Longhaul Transport Company. Jason has a disability. Katrina has seniority. Jason
SSSSS [86.1K]

Answer:

Katrina's seniority is a good defense.

Explanation:

Industrial Jurisprudence

This is refered to as a system of rules and regulations that is used by labor and management fashion to show their specific employment rights and obligations in the work environment.

Seniority System

This is refered to as different rules and procedures usually within an agreement that shows the allocation of certain job situations including promotion, layoff and recall, as well as certain economic benefits based on length of service. This is application to many organizations.

Seniority

This very important measure of employee job security and it start with acquiring seniority on the date & time of hire (cannot be awarded until completion of probationary period).

Jason may lose the case as a result of the seniority system.

5 0
3 years ago
On January 1, 2020, Jacobs Company sells land financed through an $80,000 note, issued by Andress Company. The note is an $80,00
12345 [234]

Answer:

Entries are shown below.

Explanation:

To record the journal entries, we first need to calculate interest payment and principal as per the present value. This is done below:

                                                    PV Factor     Present Value

Interest Payment     $6,400           1.7125         $10,960

Principal                   $80,000         0.8116        $64,928

                                                                           $75,888

<u>Journal Entries</u>

Date                Particular                            Debit ($)        Credit ($)    Working  

Jan 1, 2020 Note Receivable                80,000  

                       Discount on Receivable              4,112  

                       Land                                             75,888  

Dec 31, 2020  Cash                                6,400  

                        Discount on Receivable 1,948                    (8348-6400)

                        Interest Revenue                               8,348     (75888*11%)

Dec 31, 2021   Cash                                  6,400  

                         Discount on  Receivable      2,162             (4279-3600)

                         Interest Revenue                             8,562

                                                                                                (75888+1,948)*11%

Dec 31, 2021    Cash                                  80,000  

                          Notes Receivable                                 80,000

7 0
2 years ago
Other questions:
  • The most famous restrictive practices case of the last several decades involved a series of lawsuits by:
    8·1 answer
  • Companies raise capital in two main ways ___________.
    15·1 answer
  • Mason Corporation had $1,103,000 in invested assets, sales of $1,278,000, income from operations amounting to $238,000, and a de
    12·1 answer
  • On January 1, 2017, a subsidiary sold equipment to its parent for $520,000. The subsidiary's original cost was $200,000 and as o
    12·1 answer
  • An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimates, the value of Mandalays
    14·1 answer
  • Which of the following events would unambiguously cause a decrease in the equilibrium price of cotton shirts? a. a decrease in t
    6·1 answer
  • Mike is arrested at a warehouse in North Industrial Park and is charged with the crime of theft. Mike will be prosecuted bya. th
    7·1 answer
  • As you move through your career and begin to seek promotions, it is helpful to ______. a. Target and train for specific career p
    13·2 answers
  • Identifying your sources will help you to establish credibility.
    10·1 answer
  • If $25,000 of fixed costs will be eliminated by discontinuing the Sporty line, how will operating income be affected
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!