A: become more aggressive
Closest to the view of the majority of voters.
The Anthony Downs model attempts to apply economic theories to political decision making.
Answer:
The journal entries to record the whole purchase and payment process are:
May 1, purchase of merchandise on account
Dr Merchandise inventory 400
Cr Accounts payable 400
May 3, defective merchandise returned
Dr Accounts payable 50
Cr Purchase returns and allowances 50
Dr Purchase returns and allowances 50
Cr Merchandise inventory 50
May 10? payment of merchandise account
Dr Accounts payable 350
Cr Cash 343
Cr Purchases discounts 7
Answer:
<em>It will recognize 1,333.33 Depreciaton expense</em>
<em>for December 31th, year 1</em>
Explanation:
The straight-line Method is simply and easy to understand, It distribute the depreciation equally between years. So that implies that the formula should be:
(23,000 - 3,000) / 5 = 20,000 / 5 = 4,000
Now we have to calculate the proportion
4,000 x 4/12 time in company's possesion = 1,333.33 depreciation
September + October + Novemember + December = 4 months
Answer:
Return on equity = Net income/Shareholders' equity x 100
= $29,600/$829,000 x 100
= 3.57%
The company's return on equity is closest to 3.67%
Explanation:
Return on equity is the ratio of net income to shareholders' equity. The net income = $29,600 and shareholders' equity = $829,000. The division of net income by shareholders' equity gives return on equity.
