Answer:
c) The seller's share of $2,525.76
Explanation:
The computation is shown below:
= Due amount × given number of days ÷ total number of days in a year
where,
Due amount is $3,200
Given number of days is calculated from Jan 1 to October 15 i.e
= 31 days in January + 28 days in February + 31 days in March + 30 days in April + 31 days in May + 30 days in June + 31 days in July + 31 days in August + 30 days in September + 15 days in October
= 288 days
So, the amount is
= $3,200 × 288 days ÷ 365 days
= 2,524.93
i.e 2,525.76
Answer:
Transaction Amount Statement of cash-flow
Purchase of land 420000 Investing activities
Sale of land 110000 Investing activities
Loss on sale of land 45000 Operating activities
Answer:
The answer is: BBQ should report a revenue of $52,640
Explanation:
If BBQ is sure that the State of Kentucky is going to meet the discount threshold, then they should consider the discount when recording their revenue.
revenue = $200 (regular price) x 280 units x 94% (net price after discount)
revenue = $52,640
Answer:
C. highly inelastic
Explanation:
An excise tax on a product will increase its price from the equilibrium point, to a higher point set by the government.
If the government was to enhance its revenue by this means, it should enact the excise tax on products that are highly inelastic.
This is because a highly inelastic product is one whose quantity demanded does not fall considerably even if the price rises a lot.
This means that even if the product is more expensive after the excise tax, consumer will continue to buy it, increasing government revenue in this way.
total cost to be accounted for
Answer: Option 3.
<u>Explanation:</u>
In Economics, total cost is the all out monetary expense of creation and is comprised of variable cost, which fluctuates as indicated by the amount of a decent delivered and incorporates sources of info, for example, labor and raw material.
Add your fixed expenses to your variable expenses to get your all out expense. Your all out average cost for basic items on your spending limit is the aggregate sum of cash you went through over a one month time span. The equation for discovering this is basically fixed costs + variable expenses = total cost.