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3 years ago

The following preliminary unadjusted trial balance of Ranger Co., sports ticket agency, Errors in trial balance

Business

1 answer:

sp2606 [1]3 years ago

6 0

Answer and Explanation:

The preparation of the corrected un-adjusted trial balance is presented below:

<u>Particulars Dr Amount Cr Amount</u>

Cash $15,500

Accounts Receivable $46,750

Prepaid Insurance $12,000

Equipment $190,000

Accounts payable $24,600

Unearned rent $5,400

Common stock $40,000

Retained Earnings $70,000

Dividends $13,000

Service Revenue $385,000

Wages expense $213,000

Advertising expense $16,350

Miscellaneous expense $18,400

<u>Total $525,000 $525000 </u>

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I have a business. I have 20 workers and 100 dollars!!! How do I split it??????

Andreyy89

You have 20 workers and $100.00

100.00/20workers = $5.00/ worker.

Just hand each one $5.00 and say Thanks Good Job!

Check: $5.00 x 20 = $ 100.00

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2 years ago

Mr.Akhil (55 years) paid mediclaim for self and family Rs.40,000 and for parents (80 years) Rs.60,000. What will be the deductio

Dominik [7]

In order to claim the deduction under Section 80D, the expenditure needs to be made in any means other than cash. Although the expenditure on preventive health check-ups is allowed to be incurred in cash. The deduction for the following expenses are available under section 80D:

A. Medical insurance premium paid for yourself & your family. Rs. 25,000 Rs. 50,000 (in case of senior citizen)

B. Medical insurance premium paid for your parents. Rs. 25,000 Rs. 50,000 (in case of senior citizen)

C. Expenditure on preventive health check-up. Rs.5,000

D. Medical expenditure of senior citizens or super senior citizens. Rs.50,000

E. Contribution to CGHS/notified scheme. Rs.25,000 Rs.50,000(in case of senior citizen)

Maximum amount of deduction (A+ B+C+D+E) Non-senior citizens(Self & family and Parents) Senior Citizens (Self & family and Parents) Self & family (Non-senior citizens)Parents(Senior Citizens) Rs.25000+Rs.25000= Rs.50,000

Rs.50000+Rs.50000=Rs.1,00,000

Rs.25000+Rs.50000=Rs.75,000

Hence, the deduction available is his total paid minus expected paid which is Rs. 40000 + Rs. 60000 = Rs. 100000 - (A+ B+C+D+E) = Rs. 150000

<h3>What is Section 80D?</h3>

Section 80D permits the deduction for money spent on taking care of one's health and health insurance. Section 80D claims great significance in one's tax planning and personal finance.

Therefore, the correct answer is as given above

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2 years ago

Look at the examples, and then determine which type of advantage each one describes.

lara [203]

Answer:

<span> 1) If a producer can provide cable service more cheaply than another producer, it is an</span> absolute advantage.<span>
2) If a producer can produce salads while giving up fewer opportunities to make sandwiches than another producer, it is a</span> comparative advantage.

3) If a producer can create more car parts than another producer does, using the same number of resources, the price per unit is cheaper and it is an absolute advantage.

Absolute advantage<span> is the ability of a person, a country, company or region to produce a good or service at a cheaper price per unit than another entity producing the same good or service.</span>

Comparative advantage<span> is the ability of a person, a country, company or region to produce a specific good or service more efficiently (lower opportunity cost) than another entity to produce the same good or service.</span>

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3 years ago

Read 2 more answers

As Lily files her taxes, she learns that her federal total tax due ends up being $206. According to her Federal income tax withh

adoni [48]

The tax refund that Lily can expect to get back from the tax authorities will be $15.80.

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In this case, the tax refund that Lily can expect back will be:

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2 years ago

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Alexxandr [17]

Answer:

Explanation:

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A public good is a good that is non excludable and non rivalrous. An example of a public good is a statue in a public park Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue

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