Answer:
debit Sales $15,000; debit Purchases Returns and Allowances $200 and credit Income Summary for $15,200
Explanation:
Based on the information given the CLOSING ENTRY that RB Auto would make at the end of the accounting period to close their revenue accounts and income statement accounts with credit balances are:
Debit Sales $15,000
Debit Purchases Returns and Allowances $200 Credit Income Summary for $15,200
($15,000+$200)
(To close revenue accounts and income statement accounts)
Answer:
P = $917.77
Explanation:
The computation of the P is shown below:
Let us assume i% be the annual interest rate
Now
Present value of 1st Payment Pattern is
= $200 ÷ (1+i)^5 + $500/(1+i)^10
Present value of 2nd Payment Pattern is
= $400.94 ÷ (1+i)^5
Now equate these two above equations
PV of 1st Payment Pattern = PV of 2nd Payment Pattern
$200 ÷ (1+i)^5 + $500 ÷ (1+i)^10 = $400.94 ÷ (1+i)^5
$500 ÷ (1+i)^10 = $200.94 ÷ (1+i)^5
2.4883 = (1+i)^5
1+i = 1.20
i = 0.20
= 20.00%
Now
P = $100 × 1.20^10 + $120 × 1.20^5
P = $917.77
Answer:
Contrarian
Explanation:
In this case, Petulia is following the contrarian investment style. Those who follow this style, invest contrary to prevailing market trends (hence the name), by buying when other are selling, and selling when others are buying.
Petulia is a contrarian because instead of selling stock during the downward trend, she opted to buy stock instead, hoping for a rise in the market in the short, or in the long-term.
Answer:
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Answer:
The answer is: C) Soft drinks
Explanation:
For this example we can use how the Coca Cola Company (we will call it C.C.C.) works around the world. The C.C.C. headquarters produce only the basic syrup (main and key ingredient) for the manufacturing of Coke around the world. Then it delivers it to hundreds of different factories located around the world and owned by different corporations that are licensed to manufacture, produce and sell Coke in their specific markets.
They do this because it would be almost impossible for C.C.C. to manufacture and deliver Coke produced only in Atlanta to the rest of the world. Due to its weight and volume the costs of transportation would be tremendous for every single bottle or can. Coke starts as a syrup and then they add water, sugar (sweeteners), carbonic gas, etc., and then they bottle it. All this is done to reduce logistics and transportation costs.