Answer:
The debit and credits for the tax proration will be as follows:
Debit seller for $483.29; and Credit buyer for $483.29.
Step-by-step explanation:
The assignment of how much is owed to the responsible party is the major reason of a proration.
For the days owned by the seller, the buyer needs money from the seller since the buyer will pay the taxes at end of the year.
Amount per day = Annual tax bill / 365 = $2800 / 365 = $7.67
Total number of days from January 1 to a day before March 5 = Number of days in January + Number of days in February + Number of days from March 1 to March 4 = 31 + 28 + 4 = 63
Amount the seller owes for the time he owned = Amount per day * Total number of days from January 1 to a day before March 5 = $7.67 * 63 = $483.29
Therefore, the debit and credits for the tax proration will be as follows:
Debit seller for $483.29; and Credit buyer for $483.29.
Bob charges $140
Andy charges $135
Andy is cheaper
Answer:
15
Step-by-step explanation:
First divide: 6/10 ( to get a rate)
Next multiply: 25*0.6
Final answer: 15
Answer:
-19
Step-by-step explanation:
When you subtract from a negative it becomes a bigger number in the negatives. Subtract from a negative is also kind of like adding the 2 numbers then making it negative.
<u>Example:</u>
-2 - 2 = -4
2+2=4 making it negative will give you the answer of -4
-9-10 is like 9+10 which equals 19. Making it negative will give you the answer of -19
