Answer:
Debit Accounts Payable 600, Credit Cash 600
Explanation:
as goods are purchased on credit initially it will be recorded on parable.
And when it will be paid the general entry will be:-
Account payable debit =600
cash credit = 600
Harris record the transaction on July 17
Debit Accounts Payable 600,
Credit Cash 600
Answer:
Expected withdrawal is $45,000 for 30 years = total of $1,350,000
You will be required to invest in $25.063 every year.
Explanation:
By applying the goal seek formula in excel to determine the annual invested fund, based on a compounded interest rate of 6% over a duration of up to a maximum of 25 years from Year 0, we can clearly see that Savings ought to be $25,063 for every year.
The future Value of each saved fund is derived and added to future value of each years subsequent saved fund to arrive at a total expectation of $1,350,000 expected value after 25 years (i.e. $45,000 annual withdrawal x 30 years of withdrawal)
This brings total savings to $626,572 for the entire 25 years
Kindly refer to the attachment for breakdown of workings.
Answer:
internal entrepreneur
Explanation:
According to my research on different types of entrepreneurs, I can say that based on the information provided within the question Nicole is an internal entrepreneur. This term is defined as a person within a large corporation who is taking a direct approach for turning an idea into a profitable finished product, usually by being assertive and pushing through organizational obstacles.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
Net loss -£25,250
Explanation:
The computation of the profit is shown below:
Sales (750 units × £26) £19,500
Less: Variable cost (750 units × £25) £18,750
Contribution margin £750
Less: Fixed cost £26,000
Net loss -£25,250
The £25 could be calculated below:
= £10 + £12 + £3
= £25
Basically applied the above format
Shaquille bought new cars for five of his friends. Every car cost $70,000. $280,000 is the sum of Shaquille's taxable gifts.
<h3>What gifts are not chargeable to tax?</h3>
It can contain Cash, movable property, immovable property, jewelry, etc. If such offerings are received from a close relative, it is not taxable. If obtained from others, the value is equal to less than Rs. 50,000 no tax is levied on the recipient.
5 × ($70,000 - $14,000) = $280,000
If you give any one individual gifts valued at more than $10,000 in a year, it is required to report the total grant to the Internal Revenue Service.
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