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3 years ago

Paid $1,300 towards principal of the notes payable What is the credit and debit for this?

Business

1 answer:

Roman55 [17]3 years ago

4 0

Credit $1300 from you cash or bank account and Debit $1300 to Principal account.

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In collaborative problem solving, it is important for the initiator to:

Solnce55 [7]

Answer:

The correct answer is B

Explanation:

Collaborative Problem Solving is the tool or a technique which is used for solving the problems and it makes the explicit respond.

The initiator is the person who initiates the response in the problem in order to solve the problems.

So, the vital as well as primary thing for the initiator is to avoid making the evaluative or measured conclusions as well as attribute the motives or purpose to the respondent, whose query it is.

3 0

3 years ago

Let’s assume that we are about to appraise a house using the cost approach. The home was originally constructed in the early 190

guajiro [1.7K]

Answer:

$290,000

Explanation:

We start with the cost of building a replica of the house:

building a new house: $350,000

plus highest and best use $25,000

minus perceived value loss ($20,000)

minus physical deterioration ($50,000)

<u>minus building obsolescence ($15,000) </u>

appraised value $290,000

8 0

3 years ago

An income statement for Tommy's Bookstore for the first quarter of the year is presented below: Tommy's Bookstore Income Stateme

Semmy [17]

Answer:

Contribution margin = $200,000

Explanation:

As per the data given in the question,

Contribution margin = Sales - Variable expense

Number of books = $880,000 ÷ $55

=16,000

Gross margin = 340,000

Variable selling expenses = 16,000 × $6

=$96,000

Variable administrative expense = $880,000 × 5%

=$44,000

Total = $96,000 + $44,000

= $140,000

Contribution margin = $340,000 - $140,000

= $200,000

7 0

3 years ago

Barbara buys the same market basket each week and spends $60 on it. This week Barbara brought $60 to the store but could not buy

Arisa [49]

Answer:

there was inflation

Explanation:

Inflation may be defined as the rise in the price or the increase in the cost of a product or commodities in the market. It is when you pay more price for the same commodity that you have bought it in a less price earlier.

When there is inflation, the price of goods in the market increases.

In the context, Barbara usually buys the same market basket every week at a price of $ 60. But this week she could not buy the market basket even though she had $ 60 with her. This is because the price of the market basket increased this week due to inflation and now cost more than $60. So Barbara could not buy the market basket.

4 0

3 years ago

Clarissa earned 8$ for working 3 hours. how many hours will she have to work to earn 16$

SSSSS [86.1K]

She will have to work 6 hours.

4 0

3 years ago