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zhuklara [117]
2 years ago
5

Question 7 (multiple choice)

Business
2 answers:
Rufina [12.5K]2 years ago
8 0
The answer is A. $297.99
367.99-45-25=$297.99
Hope this helps.
sp2606 [1]2 years ago
6 0

Answer:

"A"

Explanation:

Rebates are incentives to promote sales of goods and services.It is a form of payment given back to customers after a particular transaction. Although it is similar to coupon , but different from coupon in the sense that coupon is more of immediate discount to sales , while rebate is more like refund.

Rebates are recognized as a reduction to cost of good purchased by the customer and also reduction in the book value of such goods, Therefore goods bought with a rebate claim are accounted for as the cost of purchase less rebate claimed.

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Jim has part ownership in a house. He has decided to sell his interest. He signs an agreement with a local real estate designate
Scilla [17]

Answer:

joint tenant

Explanation:

Based on the information provided within the question it seems that Jim is most likely holding his part ownership as joint tenant. This is a unique type of ownership in which more than one individual share ownership of a property. These individuals share the exact same amount of rights to do with the property as they wish. Which is why Jim was able to sign away his part of the ownership without informing the other owners.

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3 years ago
What is operating leverage, and how does it affect a firm's business risk?a. Show the operating break-even point if a company ha
raketka [301]

Answer:

$10

Explanation:

cause 1f

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3 years ago
When you take a multiple-choice test, you are relying on ________, a means of retrieving information out of your long-term memor
Colt1911 [192]

The answer is recognition.

<span>Recognition is one of the three processes of memory, the other two are encoding and storage. Recognition is the process of retrieving information from the past to use it in an actual situation.</span>

3 0
2 years ago
Read 2 more answers
Electrodo Co. purchased land for $55,000 with $20,000 paid in cash and $35,000 in notes payable. What effect does this transacti
Archy [21]

Answer:

(c). Net increase in assets of $35,000 and a net increase in liabilities of $35,000

Explanation:

Accrual basis of accounting attempts to record transactions as and when they arise and not on the basis of  when money is actually received or paid. Once a liability is certain, such a liability is provided for immediately.

The journal entry for purchase of Land partly by cash and partly for issuing a notes payable would be:

Land                                                  Dr. $55,000

     To Cash                                                          $20,000

     To Notes Payable                                           $35,000

(Being land purchased by payment of $20,000 in cash and a note being issued against the balance amount)

Land and cash are assets whereas Notes Payable is a liability.

So, the effect of the above transaction would be:

Net increase of $35,000 ( $ 55,000 - $ 20,000) as debit in fixed assets account increases their balance whereas cash being a real account, the rule being debit what comes in, credit what goes out. So credit in cash account would reduce the cash balance by $ 20,000.

Notes Payable account which is to be paid in future is a liability which shall increase the liabilities by $ 35,000.

So, the correct answer is (c), Net increase in assets of $35,000 and a net increase in liabilities of $35,000.  

5 0
3 years ago
How we identify it’s a business?
Alekssandra [29.7K]

Answer:

when it involves two or more buyers buyers and sellers

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3 years ago
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