Answer:
If by Dark Ages, we mean the Middle Ages, then, one can safely say that business did more to bring the dark ages to an end and restore the world to civilization and progress.
The Middle Ages represented a decline in several areas, especially trade, when compared with classical antiquity (Ancient Greece and Rome).
By the late Middle Ages, several cities, especially in Italy, had began to develop trade networks again, and a merchant class was emerging.
With time, more cities became trade hubs, and this prompted economic development. Businesses grew, science and technological progress increased, and in general terms, civilization advanced more quickly in a few centuries than in the past millenia.
Answer:
B.
Explanation:
Credit card is one of the most common way of making payment while a customer purchases anything in the market. The credit card company charge an amount that is payable by the seller.Thus, it is an expense for the one selling the product.
Given:
Credit card fee: 2%
Sales = $2,700
Credit card charges can be calculated as:
Credit card charges = Sales*Credit card fee
Credit card charges = $2,700*2%
Credit card charges = $54
Now, credit card charge is an expense so it will be debited. The amount is yet to be received so accounts receivable will also be debited. The revenue has been earned so it will be credited.
Thus, the journal entry for the given transaction has been attached below:
Answer:
the revenue variance is $1,990 unfavorable
Explanation:
The computation of the revenue variance is shown below:
Revenue variance
= Flexible revenue - actual revenue
= (2140 × $44.50) - $93,240
= $1,990 Unfavorable
hence, the revenue variance is $1,990 unfavorable
Answer:
Investment in stock x = $7816.67
Investment in stock y = $6183.33
Explanation:
The computation of invest in Stock X and Stock Y is shown below:-
Let the weight be x
x × 14% + (1 - x) ×8%
= 11.35%
0.14x + 0.08 - 0.08x
= 0.1135
0.14x - 0.08x
= 0.1135 - 0.08
0.06x = 0.335
x = 0.335 ÷ 0.06
x = 55.83%
Investment in stock x = x × Stock portfolio
= 55.83% × $14,000
= $7816.67
Investment in stock y = 1 - 0.5583 × $14,000
= $6183.33
Answer:
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
