Answer and Explanation:
The journal entries are given below:
On May 1
Accounts receivable $1,300
To sales revenue $1,250
To Sales tax liability ($1,250 ×8%) $100
(Being the sales is recorded on account)
On May 15
Cash $3,564
To Sales revenue $3,300
To Sales tax liability ($3,300 ×8%) $264
(Being the sales is recorded on account)
On May 31
Cash $1,300
To Account receivable $1,300
(Being received payment on account due is recorded)
A Research Facility that specializes in experimental therapies for a condition called Laryngomalacia.
Primary Healthcare is your regular family medicine/pediatric doctor
Secondary is more complex problems where disciplines are brought together like hospitals
Tertiary is super specialized care that receives referrals from primary/secondary docs.
The answer is <span>155.53
</span><span>The cost is $138.25. This is 100%.
The </span>desired markup is 12.5%. Let x be the price after t<span>he desired markup. x is 112.5% (100% + 12.5% = 112.5%).
Again:
</span>$138.25 is 100%
x is 112.5%
Make the proportion:
$138.25 : 100% = x : 112.5%
x = $138.25 * 112.5% : 100%
x = $155.53
