Answer: -$487.50
Explanation:
Last year income = Sales - Operating Costs - Depreciation - Interest
= 10,500 - 6,250 - 1,300 - ( 5,000 * 6.5%)
= $2,625 - tax
= 2,625 - ( 2,625 * 35%)
= $1,706.25
This year income = Sales - Operating Costs - Depreciation - Interest
= 10,500 - 6,250 - (1,300 + 750) - ( 5,000 * 6.5%)
= $1,875
= 1,875 - ( 1,875 * 35%)
= $1,218.75
Difference = This year income - Last year
= 1,218.75 - 1,706.25
= -$487.50
Malcom seems to be drawing from COERCIVE source of power.
Coercive means to be using force or threat in order to make some one to do something. From the scenario given above, it can be seen that, Malcom is using threat in order to make others to be subjective to him concerning the project they are handling.<span />
The 1040 form is used to collect federal tax
Answer:
Following would be the journal entries in the books of Elizabeth Procter,
On July 1, 2013.
Notes Receivable A/C Dr. $80,000
To Equipment A/C $80,000
(Being equipment sold against notes receivable being recorded)
On June 30, 2014
Notes Receivable A/C Dr. 9600
To Interest Revenue A/C 9600
(Being accrued interest on notes receivable recorded)
On Sept 2014,
Cash A/C Dr. 92,000
To Notes Receivable A/C $80,000
To Interest Receivable A/C $9600
To Interest Revenue A/C $2400
(Being notes receivable and interest received receipt being recorded)
Interest Revenue refers to the income which has been earned as on a date.
Interest Receivable refers to the income which has not been received and which has been outstanding.
Beginning balance 750
Add supplies purchase 900
Less supplies used 1125
Supplies on hand at the end of february is
750+900−1,125=525...answer
Hope it helps!
