Answer: <em>Revenue per day = $236.61</em>
Explanation:
Here, given:
Selling price for each song = $0.99
Revenue function: R(x) = 0.99x
where, "x" represent the no. of songs sold through their website.
Songs downloaded = 239 per day
Therefore , the daily revenue is given as;
<em>Revenue per day: 
</em>
<em>Revenue per day = $236.61</em>
Answer:
Recession.
Explanation:
Recession: It is defined as a gradual decline in economic activity as consumer and business spend a lesser amount of money in the market, which leads to a decline in the gross domestic product of the nation. If there is a decline in GDP for consecutive two quarters then it is an indicator that the economy is heading toward recession. It is also considered a business cycle contraction.
Answer:
D) $25,000.
Explanation:
The Accrual Basis of Accounting is the process in which income earned or expenses incurred are recorded at the time the transaction takes place, whether or not the cash has been exchanged.
Net Income is derived by subtracting Expenses from Revenue.
N.B. Prepaid Expenses are Advance Payments towards expenses and are a Balance Sheet Items and will not be recorded under Net Income Calculations until the Expenses are realized.
So, The Net Income can be calculated as follows;
Revenue $60,000
Less: Expenses $35,000
Net Income $25,000
Hence Option D will be correct answer.
#NETINCOME
#PREPAIDEXPENSES
#ACCRUALBASISOFACCOUNTING
Answer:
<u></u>
Explanation:
The<em> rebate</em> is an amount that the store will return to Jorge after he has paid and is calculated over the price but not over the sales tax.
Then, since the $ 789.37 paid include the 6% sales tax, to calculate the rebate, you first must calculate the sales tax and reduce it from the total paid.
<u>Calculation of the sales tax</u>:
- $ 789.37 = value of the items purchased + sales tax
- $ 789.37 = value of the items purchased + 6% of value of the items purchased
- $ 789.37 = value of the items purchased + 0.06 × value of the items purchased
- $ 789.37 = value of the items purchased × 1.06
- $ 789.37 / 1.06 = value of the items purchased
- $ 744.69 = value of the items purchased
<u>Calculation of the rebate</u>:
- Rebate = 11% of value of the items purchased
- Rebate = $ 81.92 ← answer
Here are my workings:
The answer would be= 1250/11 OR 113.6363636
I hope it helped you!
