Answer:
<u>$8,768</u>
Explanation:
<em>Sales for June will be</em> = $700 x 400 + $700 x 400 x 0.03 =
=280000 + 8400 = $288400
<em>Projected selling expense</em> = $3000 + $288400 * 0.02 = $3000 + $5768
= <em><u>$8768</u></em>
Answer:
Explanation:
Following things should be in mind for selecting the institute:
The university from which he is going to do his masters is somewhere connected to the technical line is better as he can learn management skills while also practicing on technical skills.
One can also keep in mind the distance of the college as it would add a expense on his pocket. it also saves time when the college is near.
The college should be under budget as it should not also over-budget for you.
The college should also be affiliated with any reputed university so as it would give the knowledge as well as exposure to one's career.
Answer:
a.
Cash $1000 Dr
Common stock $1000 Cr
b.
Purchases $500 Dr
Cash $500 Cr
c.
Accounts Receivable $2000 Dr
Sales Revenue $2000 Cr
d.
Cost of Goods Sold $500 Dr
Inventory Account $500 Cr
e.
Cash $2000 Dr
Accounts Receivable $2000 Cr
Explanation:
a.
The cash received as a result of issuing shares is debited as cash is increasing while as the capital is increasing so common stock is credited.
b.
The inventory is purchased for cash so cash is credited and purchases are debited.
c.
The sale of inventory on credit means a debit to the accounts receivable account for the amount of sale and a credit to sales revenue.
d.
When inventory is purchased, we debit the purchases account and credit either cash or accounts payable.
Later on, we transfer the purchases to the inventory amount as it is purchased for the intention of sale. Thus, we credit the purchases account and debit the inventory account.
When a sale is made, we debit the cost of goods sold by the amount of inventory sold and credit the inventory account.
e.
Cash is received so it will be debit and accounts receivable be credited.
Answer:
4. Economic policies manage taxes, while social policies provide public assistance.
Explanation:
Social policy:
The services like social service ,wale fare states are the social policies .These policy are usually within a political setting or governmental setting.
Economic policy:
These are the policies which sets levels of government budget, interest rates, money management and national ownership.Like collection of taxes.
So the option 4 is correct.
4. Economic policies manage taxes, while social policies provide public assistance.
<u>Solution and Explanation:</u>
Amount realized 22,000 Minus: Basis 89,000 Loss recognized 67000
<u>answer a </u>) Since Karen is single she can guarantee this lose as a common misfortune to a limit of $50,000. Karen won't have the option to guarantee the whole $67,000 that she lost she can just guarantee $50,000.
<u>answer b) </u>Since Karen is recording a joint government form she can guarantee a lose of upto $100,000. Karen will have the option to guarantee the whole loss of $67,000.
<u>answer c )</u> With the stock being bought from another investor as opposed to the sorting out enterprise she can guarantee the whole loss of $67,000 as a captial gain misfortune.
<u>answer d )</u> B. By selling a segment of the stock in one year and the staying stock in one more year Karen could change over the whole misfortune on the deal to a normal misfortune.
