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qaws [65]
3 years ago
14

A vacant lot acquired for $115,000 is sold for $298,000 in cash. What is the effect of the sale on the total amount of the

Business
1 answer:
Artemon [7]3 years ago
4 0

Answer:

+$183,000

$0

+$183,000

Explanation:

Total assets increased by ($298,000 - $115,000) $183,000.

Total liabilities has no change

Total shareholder equity increased by ($298,000 - $115,000) $183,000.

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How much must harry's hardware deposit at a 14.5% annual interest for 240 days in order to earn $500 in simple interest?
marissa [1.9K]

To get the formula for the principal, we will use the formula for the interest and derived it from there:

I = Prt is the equation then it will be P = I /rt since we are looking for the principal.

 

P = I /rt

 

= $500 / (0.145 x 240/360)

 

= $500 / 0.0967

 

= $5170.63

 

To check:

I = Prt

 

= $5170.3 x 0.145 x 240/360

 

= $499.8 or $500

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2 years ago
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When the tasks and authority associated with various positions in the organization are clearly specified, it creates a scenario
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Answer:

A) employees are held strictly accountable for their actions.

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What is an argument in favor of a $15 minimum wage
tamaranim1 [39]

The idea for a $15/hour minimum wage is to provide a <u>living wage</u> for employees, meaning that they can meet their basic housing, food, medical, and living expenses when working full time at minimum wage.

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Look at pic for question and answers.
zubka84 [21]

Answer:

It is decreased by the sale amount

Explanation:

An income statement is a financial statement that communicates a business's profitability. An income statement lists the revenues and expenses incurred by a business in a period.

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Answer:

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