Answer:
A)
1. Dr Cash 400
Cr Equipment 400
Dre Wages expense 400
Cr Cash 400
2. Dr Service revenue 550
Cr Cash 550
Dr Cash 5,500
Cr Service revenue 5,500
3. Dr Accounts payable 260
Cr Equipment 260
Dr Equipment 620
Cr Accounts payable 620
B)
1. Dr Wages expense 400
Cr Equipment 400
2. Dr Cash 4,950
Cr Service revenue 4,950
3. Dr Equipment 360
Cr Accounts payable 360
Answer:
buildup the amount of their reserves
Explanation:
Based on the information provided within this question it can be said that in order to address this problem, insurance companies typically buildup the amount of their reserves. By doing this the company's have a sort of "escape plan" allowing them to pay these excess costs that they would otherwise not be able to pay since it exceeds the amount that they are making.
In order to convey messages to customers in both a casual and professional voice, you need to include planned and clear sentences.
<h3>How would the message be conveyed both informally and formally?</h3>
A good reference point for communicating the above informally and professionally is:
- Good afternoon, my name is William Warwick. Thank you for contacting (company name). How may I be of service?
- We sincerely apologise but due to a storm on the East Coat, our logistics services have taken a hit which has resulted in several orders including yours, being delayed.
- We deeply apologise for any inconvenience caused and want you to know that we are working round the clock to fix things.
- If you require further assistance, don't hesitate to reach us at 555-555-5555 from Monday to Friday between the hours of 8am to 8pm.
- Thank you for calling (company name). Do have a pleasant day.
The first part of the question is:
Please communicate the following information to the customer in both a casual voice, and a professional voice.
Find out more on customer communication at brainly.com/question/26448585.
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Answer:
$282,706
Explanation:
Calculation to Determine the purchase price of the house
First step
In order for us to determine the purchase price of the house we would be using TVM Calculation to find the PMT
Hence,
PMT =
PV = 200,000
FV = 0
N = 240
I = 0.084/12
Thus,PMT = $1,723.01
The Second step will be to Calculate the Loan Amount Using TVM Calculation,
PV =
FV = 0
PMT = -1,723.01
N = 360
I = 0.084/12
Thus, PV = $226,164.98
Last step is to Determine the purchase price of the house
Using this formula
Purchase price=PV/(100%-20% down)
Let plug in the formula
Purchase price =226,164.98/(0.80)
Purchase price = $282,706
Therefore the purchase price of the house will be $282,706