Answer:
Debiting the buyer and crediting the seller by $94,000
Explanation:
Since the seller listed a property for $96,000 and it sold for $94,000, so the purchase price would be selling price of the property as the property would be sold and the other person pays the money to buy the property.
So, the purchase price would appear through
Debiting the buyer and crediting the seller by $94,000
or
Buyer A/c Dr $94,000
To Seller A/c $94,000
(Being purchase of property is recorded)
<span>Out of the prepaid rent of $2800, $700, the actual rent for the month of January, has to be debited to rent account and prepaid rent account will be credited. Now the prepaid rent account will show a smaller figure(2800-700 = 2100) This is the amount that will be shown in the prepaid rent account in the balance sheet. Of course it will be shown as an asset since it has a debit balance.</span>
External failure is a cost that relates to all errors not detected and therefore not corrected upon delivery to the customer.
Answer:
the total percentage return on this investment is -1.57%
Explanation:
The computation of the total percentage return on this investment is shown below:
The total return Per Share is
= [(Price at End - Price at Beginning) + Dividend ]
= [($38.03 - $39.44) + $0.79]
= -0.62
Now the total percentage return on this investment is
= Total return per share ÷ initial investment × 100
= -$0.62 / $39.44 × 100
=-1.57%
Hence, the total percentage return on this investment is -1.57%
