Future changes in automobile technology are likely to include

If you wanted to make sure a company has enough money available to pay its bills, which financial statement would

lisov135 [29]

Answer:

D. Cash flow statement

Explanation:

that is the answer

hope I helped you

8 0

3 years ago

The primary responsibility of the board of directors is to __________. Select one: A. oversee the affairs of the organization B.

Paladinen [302]

The primary responsibility of the board of directors is to (D) make daily operational decisions.(The main responsibility of a Board of Director is to make day-to-day management decisions. )

Explanation:

The main responsibility of a Board of Director is to make day-to-day management decisions. The primary purpose of the board of directors is to safeguard the shareholders interest by maintaining detached, impartial oversight on management.

Some of the duties of Board Members are:

To develop the Organization's Mission and Purpose.
Another important duty is to Monitor and Manage Financial Resources.
To Recruit New Board Members.
To Spread positive word of mouth about t the Organization.

So we can Say that The primary responsibility of the board of directors is to (D) make daily operational decisions

4 0

3 years ago

a county taxes real property at a millage rate of 15. if your customer owns real property in the county and the assessed value i

patriot [66]

$1800

15 x 0.001=0.015

.8 x $150,000=120,000

120,000x.015=$1800

Another way to calculate the number of tax during this example is to multiply your assessed value by 0.0185. Using the millage rate above, a home assessed at $300,000 would have a bill of $5,550. The formula is: Assessed value ($300,000) x millage rate (1.85%, or 0.0185) = land tax ($5,550). To calculate the mileage, or mill rate, a possessor divides the quantity of mills by 1,000.

As an example, say a neighborhood taxing authority encompasses a mill rate of 15 on the assessed value of holding in its jurisdiction. That puts the capital levy rate at 1.5% before any county taxes adjustments or exemptions. To calculate your individual property's effective charge per unit, all you have got to try and do is divide your annual invoice by what you estimate to be the value of your property.

The assessed value estimates the reasonable value for your home. it's based upon prevailing local realty market conditions. Multiply the value of your item or service by the county taxes charge per unit. If you have got a charge per unit as a percentage, divide that number by 100 to induce the charge per unit as a decimal. Then use this number within the multiplication process.

learn more about county taxes: brainly.com/question/25844719

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3 0

2 years ago

g The Village of Lake George decided to establish an internal service fund to account for the operations of a Print Shop. The Pr

Natali5045456 [20]

Answer:

Check the explanation

Explanation:

General Journal

Ref. Account Title & explanation Debit Credit

a) Cash $1,200,000

Contribution $400,000

Long term liability $800,000

(To record receipt of fund )

b) Equipment $890,000

Cash $890,000

(To record purchase of equipment)

c) Supplies $120,000

Accounts payable $30,000

Cash $90,000

(To record purchase of supplies)

d) Cash $350,000

Accounts receivable $50,000

Sales $400,000

(To record sales )

e) Supplies expenses $73,000

Supplies $73,000

(To record supllies expenses)

f) Salaries and wages expenses $19,000

Cash $19,000

(To record salaries and wages expenses)

Utilities expenses $3,000

Cash $3,000

(To record utilities expenses)

g) Depreciation expenses $80,000

Accumulated depreciation-Equipment $80,000

(To record depreciation expenses)

h) Long term liability $200,000

Cash $200,000

(To record payment of instalment of advance)

Ref. CASH ACCOUNT Debit Credit

a) Contribution $400,000

a) Long term liabilities $800,000

b) Equipment $890,000

c) Supplies $90,000

d) Sales $350,000

f) Salaries & wages expenses $19,000

f) Utilities expenses $3,000

h) Long term liabilities $200,000

Balance $348,000

TOTAL $1,550,000 $1,550,000

Closing balance brought forward $348,000

TRIAL BALANCE

Account Debit Credit

Cash $348,000

Contribution $400,000

Long term liabilities $600,000

Equipment $890,000

Supples $ 47,000 (120000-73000)

Accounts payable $30,000

Accounts receivable $50,000

Sales $400,000

Supplies expenses $73,000

Salaries and wages expenses $19,000

Utilities expenses $3,000

Depreciation expenses $80,000

Accumulated depreciation-equipment $80,000

TOTAL $1,510,000 $1,510,000

INCOME STATEMENT

Contribution $400,000

Sales $400,000

Total income $800,000

Expenses:

Supplies expenses $73,000

Salaries and wages expenses $19,000

Utilities expenses $3,000

Depreciation expenses $80,000

Total expenses $175,000

Net Income $625,000

BALANCE SHEET

ASSETS:

Cash $348,000

Supples $ 47,000

Accounts receivable $50,000

Equipment $890,000

Accumulated depreciation ($80,000)

Total assets $1,255,000

Liabilities:

Accounts payable $30,000

Long term liabilities $600,000

Net assets $625,000

Total Liabilities & net assets $1,255,000

3 0

3 years ago

Sung buys a refrigerator from Appliance Depot with a down payment, and the store creates a PMSI in the refrigerator so that she

choli [55]

Answer:

Answer is Option A: do nothing, as PMSIs are automatically perfected.

Explanation:

PMSI stands for Purchase-Money Security Interest which is a legal claim that a lender can do to repossess the property financed with its loan. He may also demand repayment in cash in case the borrower defaults. But in case of consumer goods, PMSI in consumer goods is not required to be filled because it is automatically perfected without filling.

In the given scenario when a refrigerator is bought and the store create PMSI in the refrigerator so that Sung can pay it over time, they have to do nothing do get PMSI perfected.

6 0

3 years ago