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olchik [2.2K]
4 years ago
15

The registration fee for a used car is 0.8% of the sale price, which is $5,700.How much is the fee? *

Business
1 answer:
insens350 [35]4 years ago
7 0

Answer:

The registration fee for this used car is $45.60.

Explanation:

Since the sale price of the used car is $5,700, to calculate the registration fee, simply multiply the selling price by the registration rate of 0.8% (0.008):

F = 5,700 * 0.008

F= $45.60

The registration fee is $45.60.

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As of December 31, 2020, Gill Co. reported accounts receivable of $216,000 and an allowance for uncollectible accounts of $8,400
melamori03 [73]

Answer:

$6,574

Explanation:

Allowance for uncollectible accounts is a contra asset account and it has credit nature. It needs to be debited to decrease the balance and credited to increase the balance. Balance of this account is adjusted in the account receivable to report the net receivable balance in the balance sheet.

As per given data

Beginning allowance for uncollectible accounts balance = $216,000

Write off is the adjustment mad in this account and it needs to be debited in this account, this transaction will reduce the balance.

Adjusted Balance = $8,400 - 7,800 = $600

Account receivable balance = $216,000 + 1,007,800 - $978,000 = $245,800

Estimated allowance for uncollectible accounts balance = $245,800 x 3% = $7,374

As allowance for uncollectible accounts has already have balance of $600, Bad debt expense for the year is $6,574  ($7,374 - $800)

4 0
4 years ago
To avoid double-counting output in GDP measures, _____ are excluded in GDP.
Effectus [21]
The correct answer is d). We have that government spending can also give way to products and services, just like private enterprises, thus there is no double-counting there. Services such as haircuts have their own value, which are separate from any other material products. Finally exports are also not counted twice; Raw materials though would be counted twice if we counted them for the GDP since their value is incorporated in the value of the final product. For example, we cannot count towards the GDP the value of rubber production in a country since then, if we counted the value of the tires too, we would count the value of the rubber in the tires twice (one time as rubber/ one time as part of the tire).
7 0
3 years ago
Consider these situations. In each situation, is the demand for the good elastic or inelastic?
Kryger [21]

Answer:

Explanation:

Demand is the amount of a good or service consumers wants

| Consumer demand can change often; for many reasons

plz mark as brainliest

3 0
4 years ago
Read 2 more answers
McKinnon Enterprises owns a professional ice hockey team, the Rockford Penguins. The company sells season tickets for its upcomi
AnnZ [28]

Answer:

option (B) $640,000

Explanation:

Data provided:

Amount received =  $960,000

Total duration of a season = 6 months

Duration from January 1, 2018 to April 2018 = 4 months

Therefore,

The Deferred revenue recognized = \frac{\textup{960,000}}{\textup{6 months}}   × 4 months

or

The Deferred revenue recognized = $160,000 × 4 months

or

The Deferred revenue recognized = $640,000

Hence,

The correct answer is option (B) $640,000

4 0
3 years ago
Felicia invested $25,000 into an account earning 3% annual interest compounded quarterly. she makes no other deposits into the a
katovenus [111]
The answer is $32,716.13 i just took the test and got it right
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