Business, 19.06.2020 13:57 kndaniels05
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The following is the adjusted trial balance of Sierra Company.
Account Title Debit Credit
Cash $ 35,000
Prepaid insurance 2,000
Notes receivable (due in 5 years) 7,000
Buildings 95,000
Accumulated depreciation–Buildings $ 27,000
Accounts payable 10,000
Notes payable (due in 3 years) 10,500
H. Sierra, Capital 33,000
H. Sierra, Withdrawals 8,500
Consulting revenue 84,500
Wages expense 5,000
Depreciation expense–Buildings 9,500
Insurance expense 3,000
Totals $ 165,000 $ 165,000
Answers: 2
Business, 22.06.2019 11:20
Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?
Answers: 2
Business, 22.06.2019 15:20
Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.
Answers: 3
Business, 22.06.2019 19:30
Nextdoor is an instant messaging application for smartphones. new smartphone users find it easier to connect with friends and relatives through this mobile app when compared to other similar instant messaging applications. hence, it has the largest user base in the industry. thus, nextdoor app's value has increased primarily due to itsa. learning curve effects. b. economies of scale. c. economies of scope. d. network effects.
Answers: 2
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