Business & Finance - 20 December 2007

i was just wondering if $60,000 a year is a lot for a 45 year old man

2007-12-20 15:09:25 · 26 answers · asked by Yeap Buddy 2 in Personal Finance

i'm looking for a website that to invest some stocks, and i think scottrade is a good choice, i dont know if i can trust some of the other smaller, cheaper website like zecco... so yea, do i get to use the $500 later on, or does it stay in there forever

2007-12-20 15:07:55 · 3 answers · asked by Anonymous in Investing

2007-12-20 14:56:30 · 2 answers · asked by Anonymous in Investing

For my assignment I was asked to complete a journal for the Portand After School Program. I have completed it, but I know I did something wrong because when I try to do the second part which is a trial balance it is not balancing out right. can some one please help me correct my mistakes?


(a) July 1, 20XX— Received unrestricted donation check in the amount of $15,000 from the Multnomah County Department of Health and Human Services.
Debited Cash $15,000
Credited Revenue $15,000

(b) July 19, 20XX—Paid Great Northwest Insurance Company $9,000 for six more
months of fire and liability insurance coverage.
Debited Prepaid Insurance $9,000
Credited Cash $9,000

(c) July 15, 20XX—Paid Portland Arts & Crafts Company $3,000 for additional arts and crafts supplies.
Debited Arts & Craft Supplies $3,000
Credited Cash $3,000

(d) July 15, 20XX—Transferred temporarily restricted funds in the amount of $3,000 from investments to pay for additional arts and crafts supplies.
Debited Investments $3,000
Credited Cash $3,000

(e) July 30, 20XX—Paid Oregon Sporting Goods $5,000 for additional recreational equipment.
Debited Recreation Equipment $5,000
Credited Cash $5,000

(f) December 31, 20XX—Received fees from parents in the amount of $40,000.
Debited Cash $40,000
Credited Revenue $40,000

(g) December 31, 20XX—To account for $1,750 in fees from parents earned in the first six months of operations, but collected in the second six months.
Debited Accounts Receivable $1,750
Credited Revenue $1,750

(h) December 31, 20XX—To account for $3,000 in parent fees earned in the second six months of operations, but not yet collected.
Debited Accounts Receivable $3,000
Credited Revenue $3,000

(i) December 31, 20XX—To account for expenses (John’s Deli) in the amount of $1,500 incurred during the first six months of operations, but paid in the second six months.
Debited Expense $1,500
CreditAccount Payable $1,500

(j) December 31, 20XX—Paid Portland Gas & Electric Company $7,500 for utilities.
Debited Expense $7,500
Credited Cash $7,500

(k) December 31, 20XX—Paid salaries and employee-related expenses in the amount of $55,000.
Debited Expense $55,000
Credited Cash $55,000

(l) December 31, 20XX—Paid Pacific Bell Telephone Company $750 for telephone services.
Debited Expense $750
Credited Cash $750

(m) December 31, 20XX—To expense prepaid insurance in the amount of $9,000.
Debit Expense $9,000
Credited Prepaid Insurance $9,000

(n) December 31, 20XX—To expense arts and crafts supplies in the amount of $2,000.
Debited Expense $2,000
Credited Arts Craft Supplies $2,000

The ones that I think are wrong are g, h, and i. Thanks for your help!

2007-12-20 14:53:42 · 2 answers · asked by Anonymous in Other - Business & Finance

I want to buy homes that are being foreclosed due to back taxes being owed .

2007-12-20 14:52:39 · 2 answers · asked by supergirl32 1 in Renting & Real Estate

2007-12-20 14:46:34 · 1 answers · asked by Jessica 3 in Other - Business & Finance

2007-12-20 14:44:57 · 1 answers · asked by Anonymous in Other - Business & Finance

I usually use taxact.com , but I started an event planning (LLC in Texas) business this year and have many things to write off and taxact only allows sole prop. ...any suggestions???

2007-12-20 14:39:15 · 3 answers · asked by D B 2 in United States

The new company will provide software solutions to web bussinesses.

Will appreciate your thoughts on selecting one of the company names InnovaBytes.com or InnovaBits.com

2007-12-20 14:39:03 · 2 answers · asked by ashokvelos 1 in Small Business

i play pro basketball in europe, asia and in south america. i make 6 figures playing ball throughout the year. i will miss all of my season in south america, and possibly in europe and asia because of possible surgery and rehab. how do insurance companies come up with settlement amounts? also because it is a break in the talus bone, it could cause long term damage. i do have experience on an nba roster. i was just cut

2007-12-20 14:37:26 · 5 answers · asked by ? 3 in Insurance

2007-12-20 14:33:02 · 4 answers · asked by Anonymous in Personal Finance

2007-12-20 14:28:04 · 7 answers · asked by Anonymous in Financial Services

2007-12-20 14:22:09 · 5 answers · asked by Joe J 1 in Renting & Real Estate

2007-12-20 14:21:28 · 3 answers · asked by Monkey 1 in Credit

2007-12-20 14:20:15 · 5 answers · asked by Anonymous in Small Business

I lost $1,000,000 around here, somwhere.

Let me know when you find it.

2007-12-20 14:16:40 · 1 answers · asked by Steve B 6 in Other - Business & Finance

3 years ago I was unemployed with no health insurance and got pregnant. I got very sick and had to go to the emergency room twice. I went 2 more times as I was miscarrying and was told the total bills were over $7000. About a year ago a collection agency called me to get payments on a smaller part. As I started paying on it, they told me they received more and more bills. Then they told me that I couldn't make my payments anymore because they wouldn't cover the interest and that I had to pay a large lump sum by the end of the next week or they would put it on my credit report. I explained that I'm a single mother that could not come up with that amount so quickly. Later they sued me and added all kinds of fees on the total. Now they started garnishing my wages. With the amount they are taking out, I will not bring home enough to cover my rent and child care alone this month. I might have to quit my job for lack of child care, but then my child and I will be homeless too. What do I do?

2007-12-20 14:15:05 · 17 answers · asked by Miss TJ 1 in Personal Finance

2007-12-20 14:13:10 · 5 answers · asked by vrg i 1 in Other - Careers & Employment

2007-12-20 14:10:19 · 2 answers · asked by Shelly 2 in United States

I want to know if the beneficiaries of a life insurance policy would receive a settlement if the title holder commited suicide.

2007-12-20 14:03:47 · 9 answers · asked by wonderer 1 in Insurance

how much does entry level bookkepper make? do you know?

2007-12-20 14:03:21 · 2 answers · asked by rondorondo 1 in Other - Business & Finance

this will be my first job but i want to know whether i would still have to pay this coming year (file april 15, 2008) or whether i will wait until 09?

2007-12-20 13:53:52 · 7 answers · asked by nedoglover 4 in United States

I know economics is complicated, but I don't think economists really understand how complicated it is. By trying to complicate the tax code to match the complexity of economics they're just creating so much wasted productivity. Also, economics is so complex that it's not possible to take every income, expense, fairness and equitabity factor into consideration. Its just like insurance. There are so many risk factors to consider in determining someone's chance of an accident its not rational to even bother considering them. The best solution to both taxes and insurance should be simplification.

2007-12-20 13:52:46 · 7 answers · asked by wisemancumth 5 in United States

what do i get for medicare tax?

i have a basic understanding of what i get for income tax, sales tax, social security tax, auto registration tax, etc...but what do i get for medicare tax if i have an HMO?

2007-12-20 13:51:34 · 5 answers · asked by viajero_intergalactico 6 in United States

The home is in La Palma, orange county,california and the bank owning is not big. The home is listed at 589 k, comparable homes listed in the neihborhood are listed at 650k to 675k and there is another which is a short sale ( not bank owned) listed at 575k. My realtor suggested that 550k will be a fantastic deal but I am thinking to offer 510 - 520. I am ready to put down 80 -90 k.

2007-12-20 13:51:14 · 6 answers · asked by akshay r 1 in Renting & Real Estate

2007-12-20 13:49:02 · 1 answers · asked by thepedestalsalon 1 in Small Business

My husband is in the military stationed in Iraq right now. He is coming home for R&R sometime in January. R&R lasts only 18 days and we don't have money saved up right now to do something special while he is here. His W-2 form is available online on January 22nd, but I was wondering if there was a way that H&R Block ( or another tax place) gave RALs with just the last paycheck stub of the year? That way we will have money to do something before he goes back to Iraq. Thanks in advance.

2007-12-20 13:48:32 · 7 answers · asked by candicekellie 2 in United States

I am looking for a Personal Loan in the amount of $10,000.00 USD. I have been scammed in the past by lenders asking me to send money and I learned from this mistake and am not willing to do it again! I am in desperate need but have pretty poor credit. I am behind on bills but if I could just get out of this slump I'm in, I would have no problem paying one loan payment instead of a few payments a month. If anyone can help please answer this question for me! Also I want to advise people not to EVER send money to get a loan. This is a scam and people just like me are being taken ever day by lenders asking to send them money any number of reasons. Western Union is telling people not to do this because you never need to send money to get money. They are just trying to take your money and you can not get it back!

2007-12-20 13:46:37 · 4 answers · asked by Do not choose Nigeria 1 in Credit

2007-12-20 13:31:46 · 4 answers · asked by amithshah 1 in United States

I was wondering if UE offered an extension and what must the circumstances be to recieve it? If it helps, I live in KY.

2007-12-20 13:21:27 · 1 answers · asked by Jane 2 in Other - Taxes