Answer:
$1806.75 is the deposit
Explanation:
Add 1395.50, 876.25, and 10 together. Then from that amount subtract 475 then there is your answer
Answer:
A. The investment decreases by $771,000
Explanation:
As per the question the following details are given below :-
Net loss = $2,500,000
Total Dividend = $70,000
Owning Percentage = 30%
The computation of during the year is given below:-
Net loss + Total Dividend x Owning Percentage
= ($2,500,000 + $70,000) x 30%
= $2,570,000 x 30%
= $771,000
So, the Magnus investment in Mirika inc. reduces by $771,000
Answer:
Journal Entry
Date Description Debit Credit
Depletion expenses $85,260
Accumulated Depletion $85,260
Explanation:
Total cost of MIne
Cost of acquisition $464,000
intangible development cost 116,000
Obligation cost 92,800
salvage value <u> (185,600)</u>
<u> 487,200</u>
Depletion cost per ton = $487,200/4640 tons
= $105/ton
Depletion expenses for the year = $105 x 812 = $85,260
Just by looking at the answer you can take out D because C already offers no tax and 5% off, do C is better than D, so we only have to do t math for A, B, and CA is 800 plus tax, with $75 back800×1.05 (because it's 5% tax) -75 =$765B is 800×.90 (because 10% off means he's paying 90%)×.05=$756C is 800×.95 (because 5% off means he's paying 95%) =760A=765B=756C=760So B is the best deal
:)
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