An applicant for a learners permit must take a written exam and score above a 90 and must take a drivers test with an intructor.
Answer:
$200,000
Explanation:
The computation of the net revenue is shown below:
= Cash sales gross - Returns and allowances + credit sales gross - discounts + beginning balance of account receivable - ending balance of account receivable
= $80,000 - $4,000 + $120,000 - $6,000 + $40,000 - $30,000
= $200,000
We simply first compute the net cash sales after considering the returns and allowances, and net credit sales after considering the discounts, and deduct the ending balance of account receivable
Answer:
Credit to cash $230
Explanation:
Preparation of the Journal entry for the reimbursement of the account of Spencer Co.
Based on the information given we were told that the company spent the amount of $51 for delivery expenses, the amount of $159 for merchandise inventory, and the amount of $20 for miscellaneous expenses from their petty cash fund at the end of the month, which means that the journal entry to record the reimbursement of the account will be:
Dr Delivery expenses $51
Dr Merchandise inventory $159
Dr Miscellaneous expenses $20
Cr Cash $230
(To record petty cash reimbursement)
Answer:
c. scarce for households and scarce for economies.
Explanation:
One of the most popular definitions of economic sciences is that this field studies the allocation of scarce resources. This reference to scarcity is a general consensus that exists within economic scientifics and makes no exceptions: the economy is a virtual entity consititued by households, individuals, firms, government and environment. Is not logical to assume scarcity in the economy and plentiful in the households and viceversa.
Answer:
The capital gain is $3.30
Explanation:
Capital gain = Ending price - Initial price
Initial price = [$2.20(1 + .031)]/(.093 − .031) = $36.58
Ending price = [$2.20(1 + (.031*4))]/(.093 − .031) = $39.88
Capital gains = $39.88 − 36.58 = $3.30
