Answer:
Cash 44,250
Receivables $1,850
Equipment $26,600
Accounts payable 9,000
Capital 60,000
Revenue 8,150
Expenses 4,450
Explanation:
The question is to determine the recording of the transactions above on the Accounting equation
The accounting equation says Assets = Liabilities + Owners' Equity
In this context assets = Cash, Receivables and Equipment
Liabilities = Payables
Owners' Equity = Capital + Revenue - Expenses
The Accounting Equation
ASSETS = LIABILITIES + OWNERS EQUITY
Cash + Receivables + Equip. payable + Capital + Rev - Expens
1. $60,000 60,000
2. $22,000 $22,000
3. $3,100 3,100
4. -4,600 4,600
5 $5,050 5,050
6. -4,450 4,450
7. 3,200 -3,200
8. -13,000 -13,000
<u> 44,250 $1,850 $26,600 9,000 60,000 8,150 4,450</u>
C. Whether the deductible is higher compared to other policies. Sorry if I am wrong but this is my best answer.
Answer:
A) a $50,000 ordinary loss and $70,000 LTCL
Explanation:
given data
Brown stock = $30,000
stock basis = $150,000
time = 3 year
solution
we know that here stock is Section 1244 stock and original owner is Amy
so
first loss is for single individuals is = $50000
and this loss is treated as a ordinary loss LTCL because stock held more than 12 month
remaining amount = 70000
and we know it take here time 3 year
so total loss realized is
total loss realized $50000 + $70000
total loss realized = $120000
so correct option is A) a $50,000 ordinary loss and $70,000 LTCL
Answer:
D. Call an all staff meeting and give everyone the news at once.
Explanation:
Instead of letting the rumors spread throughout the company, what Ben is supposed to do is have a meeting with his entire staff and let all of them know at once what's going on. This way, he will be clear and direct and won't allow for gossip to spread throughout his company and he himself will address the issue head-on. This way he won't leave room for misinterpretation as he will explain what is going to happen.
Answer:
Which term refers to the interest the Federal Reserve Bank (Fed) charges banks for loans?
the discount rate is the interest rate that the Federal Reserve System charges banks for the loans it makes. The overnight rate or the federal funds rate is even lower, but it lasts a few hours only.
Select the charge the Fed levies on banks borrowing funds that would result in the smallest increase in the money supply.
- two percentage points above the private level
the higher the interest rate, the lower the increase in the money supply.
