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2 years ago

Look at the table below showing an example of a checkbook ledger.

Business

1 answer:

Arada [10]2 years ago

3 0

Answer:

Adrienne did not enter her ATM Withdrawl correctly

Explanation:

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Tyler Holdlong owns a small retail property that he inherited from his father. There are no mortgages or interest expenses conne

-Dominant- [34]

Answer:

$6450

Explanation:

Given that

Monthly gross income = 3500

Monthly operating expenses = 1100

Tax rate = 25%

Annual cost recovery expenses = 3000

Recall that, taxable income is income less expenses.

Therefore,

Annual gross income = 3500 × 12

= 42000

Annual operating expense = 1100 × 12

= 13200

Thus,

Taxable income = 42000 - 13200 - 3000

= 25800

Tax liability = tax rate × taxable income

= 0.25 × 25800

= $6450

6 0

2 years ago

Read 2 more answers

During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to sharehol

gizmo_the_mogwai [7]

Answer:

Eastern Data Links Corporation

Journal entries

Step 1.

Issuance for Common stock at a premium in exchange for cash

Feb 12,

Dr. Cash account with $18,000,000

Cr. $1 Ordinary share Capital Account with $2,000,000

Cr. Ordinary share premium Account with $16,000,000

(Being $18million received for 2million shares valued at $1 and sold at a premium of $9)

Step 2.

Issuance for Common stock at a premium in settlement of a liability due

Feb 13,

Dr. Accounts Payable account with $360,000

Cr. $1 Ordinary share Capital Account with $40,000

Cr. Ordinary share premium Account with $320,000

(Being $360,000 legal expense liquidation in exchange of 40,000 shares valued at $1 and sold at a premium of $9)

5 0

2 years ago

Pineapple Enterprises has an outstanding liability that will require them to pay Apple Co. $50,000 in 5 years. How much cash wou

Anna007 [38]

Answer:

$33,648.57

Explanation:

The computation of Required deposit today is given below:-

For computing the required deposit today first we need to find out the present value

Present value of 1 = (1 + i)^-n

= (1 + 0.02)^-20

= 0.67297133

Where, i = 8%/4

= 0.02

n = 5 × 4

= 20

Required deposit today = Future value × Present value of 1

= $50,000 × 0.672971

= $33,648.57

4 0

2 years ago

Imagine that your friend is the CEO of a company, called Magna Clothes, that manufactures cool new clothing accessories for both

Ivanshal [37]

Answer:

a) & b) are true. c) & d) are false.

Explanation:

WTO is an international (intergovernmental) organisation, supervising international trade between countries.

a) is true. It seeks to establish impartial procedures for resolving trade disputes among its members.

It seeks to reduce remaining trade barriers through multilateral negotiations, b) is true

c) is false. It is headquartered in Geneva, Switzerland (not Belgium)

d) is false. Existence of the WTO has allowed most member countries to replace their local currencies with a universal currency beginning in 2002. It is an international trade organisation, not monetary policy organisation.

5 0

2 years ago

Which individual would deserve credit for the success of american imperialist policies?

Leviafan [203]

Answer:

American imperialism

Explanation:

is a term that refers to the economic,military and cultural influence of the United States on other countries.

8 0

2 years ago