Answer:
c. credit to Sales Revenue for $72,380.
Explanation:
Since AAA Car Repair's total purchases exceed $200,000 for the year, they are eligible for the 3% rebate on purchases above $60,000. Only the fraction of the purchase over $60,000 should get the 3% rebate, the first $60,000 get the 2% rate.
Therefore, the total sales amount recorded by P & G Auto Parts by selling $74,000 of parts to AAA is:
There should be a credit to Sales Revenue for $72,380.
Answer:
Households receive income from firms. They also receive money from the government (transfers) and must pay money to the government (taxes). Households spend some of their disposable income and save the rest.
Answer:
14.35%
Explanation:
In this given case, Risk free return will be yield on bond = 10.50%
Risk Premium given = 3.85%
But beta of company is not given, and market beta also not given, hence we can not calculate beta.
we can assume beta of company is 1, then-
Cost of equity can be calculated as:
= Risk free return + [Beta × Risk Premium]
= 10.50% + [1 × 3.85%]
= 10.50% + 3.85%
= 14.35%
Note:
Retained earning also not given so that we calculate based of retained earning.
Answer:
B) Retail buyers are mainly in charge of planning, selecting, and buying merchandise for retail establishment resale purposes, they select and purchase products sold in retail stores.
For each willful violation $129,336 per violation
