Answer:
A) Debit cash, credit accounts receivable
Explanation:
As the statement said, Zoono electronics made a payment which means they are debiting cash amount of $3,500 to imperial distributor who is a supplier. So the best statement that best describes the recording of this financial transaction by imperial distributor is their account receivable has been credited and cash is debited. All the other options are wrong except this.
Answer:
$16,500
Explanation:
The computation of the deferred income tax liability for the year 2021 is shown below:
= Amount not included in tax return × enacted tax rate for 2022 year
= $66,000 × 25%
= $16,500
Simply we multiplied the amount not included with the enacted tax rate for 2022 year so that the correct amount could come
And, we ignored the other information given in the question
Answer:
c. percentage change in price and percentage change in quantity demanded.
Explanation:
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
The price-elasticity of demand coefficient, Ed, is measured in terms of percentage change in price and percentage change in quantity demanded.
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
If the price elasticity of demand for a product equals 1, as its price rises the total revenue does not change because the demand is unit elastic.
<span>materials cost behavior units per case cos.</span>
Answer:
Total cash= $193,000
Explanation:
Giving the following information:
Estimated sales ($):
January= $150,000
February= $180,000
March= $220,000
40% in cash from that same month of sales
50% in cash from the previous month's sales
10% in cash from the sales from two months ago
C<u>ash collection March:</u>
From March= 220,000*0.4= 88,000
From February= 180,000*0.5= 90,000
From January= 150,000*0.1= 15,000
Total cash= $193,000
