Answer:
Date General Ledger Dr. Cr.
1. September 30 Cash $6,300
Sales Tax Payable $300
Sales $6,000
2. September 30 Cost of Goods Sold $3,900
Merchandise Inventory $3,900
3. October 15 Sales Tax Payable $300
Cash $300
Explanation:
Sales Tax is subject to the price of merchandise. Sales tax is collected by the business on the taxable supplies on the behalf of government and paid to the government.
Sales tax amount = 6,000 x 5% = $300
Cost of Merchandise is recorded as cost of goods sold and deducted from the merchandise inventory.
Answer:
The answer is below
Explanation:
Considering the available options, here are the attributes that characterize a competitive market, and a monopolistically competitive market.
A competitive market is characterized by Identical products and Price = MR, while Monopolistic competition is characterized by product differentiation and few sellers.
Hence, it can be written as:
Competitive markets
Product differentiation. No
Identical products Yes
Price=MR Yes
Few sellers No
Monopolistic competition
Product differentiation. Yes
Identical products No
Price=MR No
Few sellers Yes
In a fixed-exchange rate system, one country's exchange rate is determined by <u>comparing</u> it to another country's rate (or to the value of gold). The purpose of this is to explain one currency in terms of another that is more stable in order to make investments and values more rational and predictable.
Answer: (a) $197,500
(b) $ 189,500
Explanation:
Given : The marginal cost function : 
To find the cost function, we need to integrate the above function with respect to x.
Now, the additional cost incurred in dollars when production is increased from 100 units to 150 units will be:-
![\int^{150}_{100}\ C'(x)\ dx\\\\=\int^{150}_{100} (4000-0.4x)\ dx\\\\=[4000x-\dfrac{0.4x^2}{2}]^{150}_{100}\\\\=[4000(150)-\dfrac{0.4(150)^2}{2}-4000(100)+\dfrac{0.4(100)^2}{2}]\\\\=[600000-4500-400000+2000]\\\\=197500](https://tex.z-dn.net/?f=%5Cint%5E%7B150%7D_%7B100%7D%5C%20C%27%28x%29%5C%20dx%5C%5C%5C%5C%3D%5Cint%5E%7B150%7D_%7B100%7D%20%284000-0.4x%29%5C%20dx%5C%5C%5C%5C%3D%5B4000x-%5Cdfrac%7B0.4x%5E2%7D%7B2%7D%5D%5E%7B150%7D_%7B100%7D%5C%5C%5C%5C%3D%5B4000%28150%29-%5Cdfrac%7B0.4%28150%29%5E2%7D%7B2%7D-4000%28100%29%2B%5Cdfrac%7B0.4%28100%29%5E2%7D%7B2%7D%5D%5C%5C%5C%5C%3D%5B600000-4500-400000%2B2000%5D%5C%5C%5C%5C%3D197500)
Hence, the additional cost incurred in dollars when production is increased from 100 units to 150 units= $197,500
Similarly, the additional cost incurred in dollars when production is increased from 500 units to 550 units :-
![\int^{550}_{500}\ C'(x)\ dx\\\\=\int^{550}_{500} (4000-0.4x)\ dx\\\\=[4000x-\dfrac{0.4x^2}{2}]^{550}_{500}\\\\=[4000(550)-\dfrac{0.4(550)^2}{2}-4000(500)+\dfrac{0.4(500)^2}{2}]\\\\=[2200000-60500-2000000+50000]\\\\=189,500](https://tex.z-dn.net/?f=%5Cint%5E%7B550%7D_%7B500%7D%5C%20C%27%28x%29%5C%20dx%5C%5C%5C%5C%3D%5Cint%5E%7B550%7D_%7B500%7D%20%284000-0.4x%29%5C%20dx%5C%5C%5C%5C%3D%5B4000x-%5Cdfrac%7B0.4x%5E2%7D%7B2%7D%5D%5E%7B550%7D_%7B500%7D%5C%5C%5C%5C%3D%5B4000%28550%29-%5Cdfrac%7B0.4%28550%29%5E2%7D%7B2%7D-4000%28500%29%2B%5Cdfrac%7B0.4%28500%29%5E2%7D%7B2%7D%5D%5C%5C%5C%5C%3D%5B2200000-60500-2000000%2B50000%5D%5C%5C%5C%5C%3D189%2C500)
Hence, the additional cost incurred in dollars when production is increased from 500 units to 550 units = $ 189,500
