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Flura [38]
4 years ago
8

When you're in high school, you won't have the same emergency expenses as your _________. For you, a surprise expense might be f

ixing a flat tire or replacing a broken cell phone.
Business
1 answer:
saveliy_v [14]4 years ago
8 0

Answer:

parents

Explanation:

  • While you are in high school, you are usually not thinking about any expenses, so practically the emergency expenses don't exist.
  • On the other side, your parents need to think about every expense in the family.
  • The emergency expenses are the part of their everyday's life.
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On June 30, 2024, the Esquire Company sold some merchandise to a customer for $54,000. In payment, Esquire agreed to accept a 7%
Paraphin [41]

The income before income taxes is 2024 understated by $1,890 and 2025 overstated by $1,890.

<h3>Income before taxes</h3>

Esquire Company journal entries

June 30, 2024

Debit Note receivable            $54,000

Credit Sales                              $54,000                  

Dec 31, 2024

Debit Interest receivable       $1,890

Credit Interest Income           $1,890

($54,000 x 7% x6/12)

March 31, 2025

Debit Cash      $56,835                      

Credit Interest receivable          $1,890

Credit Interest income          $945

($54000 x 7% x 3/12 )

Credit Note Receivable    $54,000

Therefore the income before income taxes is 2024 understated by $1,890 and 2025 overstated by $1,890.

Learn more about Income before taxes here:brainly.com/question/14644556

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5 0
2 years ago
Which of the following provides access to communications when there is no traditional network?
Gennadij [26K]
B. Satellites is the answer
8 0
4 years ago
Read 2 more answers
Which financial statement tells you the value of the assets the company owns and the liabilities a company owes?.
Pavel [41]

Answer:

Balance Sheet

Explanation:

The balance sheet is a financial statement that shows a companies assets, liabilities, and shareholder equity.

4 0
3 years ago
What does place mean when referring to marketing?
Ludmilka [50]
In marketing, place refers to where a product is being sold. When it says "in these select stores," that's the place.
5 0
4 years ago
Toys, Trinkets and More requires a minimum rate of return of 12% on its average operating assets. The toy department currently h
Serggg [28]

Answer:

Residual Income = $6,000

Explanation:

Residual income is the excess income of a firm leftover the opportunity cost of capital or over the desired income.

Given,

The minimum rate of return 12%

Average operating assets = $300,000

Net operating income = $42,000

We know,

Residual Income = Net Operating Income - (Average operating assets x the minimum rate of return)

Residual Income = $42,000 - ($300,000 x 12%)

Residual Income = $42,000 - $36,000

Residual Income = $6,000

6 0
4 years ago
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