First you record the 100000 as an incoming capital then an entry of expense for the sum of 30000 for the equipment and then recording the equipment as an asset obtained with the value of 30000
A false statement.
partner 1 receives $32000 partner 2 receives $40000
Using Excel, the statement in cell C4 would be input as follows: =if(B4>99999,0.07,0.05) However, the case where B4 is in between 99999 and 100000 is not accounted for in the solution (or in the question).
100000 + 20% = 100000 + (20/100)(100000) = 100000 + (.2)(100000) = 100000 + 20000 = 120,000
3% of 100000 = 3000 3% of 100000 = 3% * 100000 = 3%/100% * 100000 = 0.03 * 100000 = 3000
100000-63482=36517
one fifth of 100000 = 1/5 x 100000= 100000 ÷ 5= 50000
Sales revenue = 100000 * 12 = 1200000less:fixed cost = 300000net income = 200000Variable expense = 700000 (balance figure)
127891 rounded to the nearest 100000 is 100000.
2% of 100,000= 2% * 100000= 0.02 * 100000= 2,000
100000 what?
100000