Answer: D. $7,500
Explanation:
Before the $150,000 mortgage at 5%, the existing $40,000 balance of the loan was paid off. Therefore, only the mortgage was payable. At 5% x %150,000 = $7500 interest.
Therefore, the amount $7500 interest expense Kris will deduct as home related interest expense would be $7,500.
Explanation: Money is important because it enables you to give back to your community, to pick the charities and causes you believe in and support them. Money is important because having money means that life is not a constant effort at keeping your head above the water.
Answer:
C. Increase cost of goods sold and decrease inventory by $16,400
Explanation:
When Inventory is purchased, Debit Inventory and credit Cash/Accounts payable. As Inventories are sold, debit (increase) cost of goods sold (with the cost of the items sold) and Credit (decrease) Inventory account.
Using the first in first out method, the 4,000 units sold must have consisted of the following purchases;
- 2000 units on January 1
- 2000 units from the 3000 on January 13
Hence the cost of goods sold
= 2000 * $4 + 2000 * $4.20
= $16,400
Answer:
Value-augmenting services
Explanation:
In marketing, the idea of adding value to a proposition via an additional, innovative offer is called Augmented marketing
Marketing is the means by which companies employ a range of strategies to help them sell their products to the right customer.
The word Augmentation means to make larger or to expand. In marketing terms, it is a set of associated services and benefits that are provided to a customer in addition to the actual product that they are purchasing.