40. If you could live anywhere, where would it be?

Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and

Tamiku [17]

Answer: D. $40,175

Explanation:

The balance in the Capital account reported on the Statement of Owner's Equity will include the Capital contributions of Andrea Apple to the business as well as the Net income from operations also known as Retained Earnings.

The Net Income for the month will be revenue less expenses.

Revenue

$5,700 cash and $2,750 on account for services provided in January.

Revenue is therefore,

= 5,700 + 2,750

= $8,450

Expenses

Expenses include the rent paid of $1,500 and the $275 paid for January Utilities.

= 1,500 + 275

= $1,775

Net Income = Revenue - Expenses

Net Income = 8,450 - 1,775

Net Income = $6,675

The Capital that Mr. Apple brought into the business refers to anything he contributed to the business whether in cash or otherwise.

The Capital therefore is,

- The $13,500 cash and the $20,000 worth of equipment.

The Capital Mr. Apple brought into the business is therefore,

= 13,500 + 20,000

= $33,500

The balance on the capital account will therefore be,

= Capital + Net Income

= 33,500 + 6,675

= $40,175

Option D. is correct.

3 0

3 years ago

The natural rate of unemployment is 4%, and the economy is producing 95% of its potential output. Okun's law predicts an unemplo

Anon25 [30]

Answer:

so correct option is C. 6.5

Explanation:

given data

natural rate of unemployment = 4%

economy producing = 95%

solution

we know here as Okun's law for the every 1 percentage increase in unemployment rate

GDP of country = 2% lower than potential GDP

but here is country GDP = 5% lower than potential GDP

so there is increase in the unemployment rate = 5% ÷ 2 = 2.5%

and unemployment rate is given = 4%

so effective unemployment rate will be

effective unemployment rate = 4% + 2.5%

effective unemployment rate = 6.5%

so correct option is C. 6.5

6 0

3 years ago

Individual policies are generally stand-alone policies, but may be written with other types of policies as a(n): a. Endorsement

Romashka-Z-Leto [24]

Answer:

The correct answer is letter "B": Rider.

Explanation:

A rider policy adds or restricts terms to an already existing insurance policy. This is typically used when the policyholder includes in the original coverage some others such as life, home, and auto insurance. Rider policies are typically low priced and in most cases are offered by the same insurance companies at a special discount to promote consumption among their insured.

7 0

3 years ago

On January 1, 2016, the Accounts Receivable balance was $22,600 and the balance in the Allowance for Doubtful Accounts was $2,20

almond37 [142]

Answer:

$19,780

Explanation:

Net realizable value of accounts receivable = Accounts Receivable balance - Balance in the Allowance for Doubtful Accounts - Uncollectible account was written-off

Therefore, we have:

Net realizable value of accounts receivable = $22,600 - $2,200 - $620 = $19,780.

Therefore, the net realizable value of accounts receivable immediately after the write-off is $19,780.

4 0

3 years ago

Read 2 more answers

After a buyer expresses a price objection, it is inappropriate for the salesperson to ask the buyer probing questions.

hodyreva [135]

It is not true.

Providing the price too soon might lead to price objection. Prior to discussing pricing during the sales process, you must first convince the potential customer of the benefit and help them express it. You lose control of the conversation when you reveal the price too soon. As you enter the bargaining stage, all future discussions will centre on price rather than value and results.

To know more about price objection refer here:

brainly.com/question/15969466

#SPJ4

8 0

2 years ago