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3 years ago

Why is it important to manage your income? HELPPPPPP ASAPPPPPPP!!!!!

Business

1 answer:

Free_Kalibri [48]3 years ago

5 0

Knowing your income will help you create a budget that allows to pay for living expenses

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Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities. The year-en

Rzqust [24]

Answer:

Dr Available for sale securities 11,500

Cr Unrealized gains - AFS securities 11,500

Explanation:

The securities cost is $420,000 while the fair market value is $431,500, so the difference is an unrealized gain of = $431,500 - $420,000 = $11,500.

Unrealized gains are included in Other comprehensive income account, which belongs under stockholder equity. When unrealized gains increase, then they should be credited.

Since the securities are held as investment assets, they should also increase by debiting the account.

7 0

3 years ago

A contingent liability is an obligation that should be: Question 2 options: A) Recorded in the accounts and classified in a cont

tester [92]

Answer:

D) Recorded in the accounts if the amount may be reasonably estimated and it is probable that the future event creating the obligation will occur

Explanation:

This is the best answer to the question

6 0

3 years ago

Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it for

Shtirlitz [24]

Answer:

a. $17,978

b. $300,000

Explanation:

Conditions

The cotton country of lancaster, california has owned his home for ten years
purchased it for $178,000, cotton bought a $160,000 homeowner's insurance policy

the replacement cost of the home is now $300,000

a. hence,

the proportion of the house insured = $\frac{InsuranceAmount}{PriceOfThe Home} \times 100$ %

$= \frac{160000}{178000}\times 100$

= 89.89%

Percentage amount covered by the policy

= proportion of the house insured = 89.89%

Amount covered by the policy in dollars

= $20,000 × 89.89%

= $17,978

Amount of insurance on the home that cotton should now carry to be fully reimbursed for a fire loss = current value of the home

= $ 300,000

5 0

3 years ago

Imagine you own a food truck that sells gourmet vegan tacos. You rely on many suppliers, all of which also supply their goods to

ladessa [460]

Answer:

Explanation:

Because there are plenty of suppliers for some goods, the food truck owner is more powerful in this case than the suppliers. Here the power of suppliers is low

For the other goods with only a single supplier. the supplier has more powerful than the taco seller. here the power of supplier is high. If the supplier increases price, the taco seller would most likely have an inelastic demand and would be at the mercy of the supplier

thus, the power of suppliers is relatively high for some items and relatively low for others.

8 0

2 years ago

a boy is three years younger than his sister. two years ago he was two-thirds of his sister's age. what are their present ages

padilas [110]

Answer:

The boy: 8 years old

The sister: 11 years old

Explanation:

We assume that the age at present of the boy is x (years old).

As he is younger than his sister 3 years, so that his sister's present age is great than x 3 years

=> Her present age is: x + 3 (years old)