The most immediate impact of rising inflation is going to be higher prices. The correct answer is B, higher prices.
He bought them for 5 dollars each, and there were 500 of them.
5 * 500 = 2500
He sold them for 7 dollars each,
7 * 500 = 3500
3500-2500 = 1000
He made $1,000 profit off his sandwiches.
Hope this helps!
Answer:
Part 1:
Account Debit Credit
Cash $11,500
Notes Payable $11,500
(On 12% Interest)
Part 2:
Account Debit Credit
Interest Expense $690
Interest Payable $690
Part 3:
Interest Expense = $690
Interest Payable = $690
Explanation:
Part 1:
July 1, 2018 Midshipmen borrows $11,500 from Falcon Company.
Account Debit Credit
Cash $11,500
Notes Payable $11,500
(On 12% Interest)
Part 2:
From july 1,2018 to Dec 31,2018, Interest expense has accumulated for 6 months. Since each month the interest is 1% so For each month interest is
($11500 * 1% = $115).
For 6 months Interest expense = $115 * 6
For 6 months Interest expense = $690
General Entry:
Account Debit Credit
Interest Expense $690
Interest Payable $690
Part 3:
Same as Part 2 i.e
From july 1,2018 to Dec 31,2018, Interest expense has accumulated for 6 months. Since each month the interest is 1% so For each month interest is
($11500 * 1% = $115).
For 6 months Interest expense = $115 * 6
For 6 months Interest expense = $690
Interest Expense = $690
Interest Payable = $690
Answer:
51
Explanation:
12 divided by 4 is 3 so we'll multiply all of the smaller triangle by 3.
4 x 3 = 12
6 x 3 = 18
7 x 3 = 21
12 + 18 + 21 = 51
