D. Customs, would be the answer
That wound be B.Tariffs.
A.to explain how money is spent when applying for a loan
B.to provide information to the government for tax purposes
C.to determine whether or not a budget is working
D.to learn weaknesses with money and improve spending habits NextReset
Answer:
D.to learn weaknesses with money and improve spending habits
Explanation:
What a person does with their own finances affects their entire personal life. If the person has no financial control, he or she can go through difficult situations. Usually, people with a well-controlled financial life have a relatively quieter life. Although each person has a different level of spending according to their own needs, it is possible to identify one's inadequate and adequate habitation patterns as a way of learning. Analyzing someone's financial habits can help you identify overspending on superflowing items, so you don't make the same mistakes. On the other hand, this also serves as learning financial discipline for you if the person under review has a good grip on their finances.
debit Rent Revenue and credit Unearned Rent Revenue, $24,000.
debit Unearned Rent Revenue and credit Rent Revenue, $12,000.
debit Cash and credit Unearned Rent Revenue, $24,000
Answer:
debit Unearned Rent Revenue and credit Rent Revenue, $12,000.
Explanation:
Provided information we have,
Rent is received on 1 September 2017 for a period of 1 year on which it is accounted as Unearned Rent amounting $36,000.
Entry on that date would be
Cash A/c Dr. $36,000
To Unearned Rent $36,000
At the end of the year on 31 December 2017, we have period of current year lapsed = 1 September to 31 December = 4 months.
Thus rent income for the year = $36,000 = $12,000
Therefore this rent of $12,000 will be recognized as rent income for the year 2017.
Entry will be
Unearned Rent A/c Dr. $12,000
To Rent Revenue $12,000
At the end of the year, Pappy Corporation should debit Unearned Rent Revenue and credit Rent Revenue by $12,000 as part of an adjusting entry to reflect 4 months of earned rent. The remainder stays in Unearned Rent until it's earned in the following year.
The transaction from September 1, 2017, where Pappy Corporation received cash of $36,000 for one full year's rent in advance, is recorded with a credit to Unearned Rent. The Unearned Rent is a liability account which shows that Pappy Corporation has an obligation to provide the rent space in the future. At the end of the year, December 31, 2017, an adjusting entry should be made to transfer a third of the rent payment ($12,000) from the Unearned Rent account to the Rent Revenue account as by this time four months of rent have been earned. Hence, the accurate adjusting entry is debit Unearned Rent Revenue and credit Rent Revenue, $12,000. The remaining $24,000 stays in the Unearned Rent account until it is earned in the following year.
#SPJ3
So, we need to find the amount
Amount=P(1-R/100)^n
=9500(1-0.9/100)⁵
=9500(100-0.9)/100)⁵
=95×99.1×(99.1/100)×(99.1/100)×(99.1/100)×(99.1/100)
=9080.12606
Hence, the profit in 2019 was 9080.12606
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