Answer:
$1,130.137 debit the seller and credit the buyer.
Explanation:
Given that:
- Purchase price : $203,500
- Time: June 15.
- Taxes: $2,500 have not been paid by the seller, it means the tax is settled by the seller
Assume 365 day year (30 days per month) , he purchased at June 15 so the number of outstanding days is:
(5 months * 30)+ 15= 165
Hence, the tax pay per day is:
= $6.849315 per day
=> the outstanding tax = tax pay per day*number of outstanding days
= $6.849315*165
= $1,130.137
So $1,130.137 debit the seller and credit the buyer.
Answer:
A) Seasonal discount
Explanation:
A Seasonal discount is a discount that is applied in specific periods of the year. For example: Christmas season, halloween season, black friday season, etc.
In this example, the good is a christmas tree, which is obviously related to the christmas season, therefore, the discount apply on it is a seasonal discount, even if the discount in not applied in December but in July.
Answer:
A. Return on investment.
Explanation:
This is said to be a metric means used to measure profitability ratio, index or performance of an organisation. This why in the case above it was up to the manager to use this simple and direct means to plainly discover their performance in the business dealings at the said time.
It also does not require a new accounting measurement to generate information for calculating ROI.
Its disadvantage can be when investment may have many connotations; example can be as gross book value, net book value, assets including or excluding intangible assets, historical cost of assets, current cost of assets
Answer:
Advantage #1: A flexible schedule – both in terms of when and where you work. ...
Advantage #3: It's exciting and fulfilling. ...
Advantage #4: The salary makes sense. ...
Disadvantage #1: You wear a lot of hats. ...
Disadvantage #2: You are always at work.
Explanation:
Answer:
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