Answer:
The answer is: C) Debit supplies $1,000; credit cash $100 and credit notes payable $900
Explanation:
When assets increase, they are debited - so Supplies account should be debited.
When assets decrease, they are credited - so Cash account should be credited.
When liabilities increase, they are credited - so Notes Payable should be credited.
Answer:
inflation rate = 17.5 percent per year ⇒ it will take 4 years to double
inflation rate = 35 percent per year ⇒ it will take 2 years to double
inflation rate = 3.5 percent per year ⇒ it will take 20 years to double
Explanation:
we can use the rule of 70 to determine the amount of time it would take the general price level to double.
the rule of 70 is a simple way we can use to estimate the number of years it will take an investment to double given a certain growth rate.
70 / 17.5 = 4 years
70 / 35 = 2 years
70 / 3.5 = 20 years
The simplified method of computing home office expenses limits the number of home office expenses allowed to a fixed amount regardless of the amount of business income or the size of the home office.
<h3>How do you calculate home office deductions?</h3>
A business owner can calculate the home office deduction in two ways: regular and simplified. The regular method would require you to use Form 8829 to calculate your deduction, which would include figures for the area of your home and the total hours it was used for business purposes, your business income, and other business expenses.
If you itemize deductions and use the simplified method for a taxable year, you can deduct home expenses that would otherwise be deductible as itemized deductions on Form 1040 or 1040-SR, Schedule A, without reducing these expenses by the amounts allocable to the simplified method.
Learn more about home office deductions here:
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Answer:
Option C: Annual variations in investment are larger than annual variations in consumption
Explanation:
Investment
This is simply the act of buying or purchase of assets with the sole aim of increasing future income.
Investment risk
This is simply known as the likelihood of an investment will fail to pay the expected return or fail to pay a return at all.
Portfolio diversification
This act so as to limit the risk by spreading investment money among a wide range of investment tools.
Rate of return
This is simply known as the total return on an investment usually in percentage of the amount of money put into the investment.
