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3 years ago

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In 1969, don bought a dodge dart for $2,500. he drove this car until 2003 when he bought a honda civic for $18,000. if the price

index in 1969 was 36.7 and the price index in 2006 was 180, what is the price of the dodge dart in 2006 dollars?

1 answer:

nexus9112 [7]3 years ago

3 0

Close to around 15,000?

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Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credi

seropon [69]

Answer:

Explanation:

The journal entry is shown below:

(A) Sales return and allowance A/c Dr $450,000

To Accounts receivable $450,000

(being returned goods recorded)

Merchandise inventory A/c Dr $292,500 ($450,000 × 65%)

To Cost of goods sold $292,500

(Being cost of goods sold recorded)

The computation of the estimated return is shown below:

= Sale value of merchandise × return percentage - actual return

= $11,500,000 × 4% - $450,000

= $460,000 - $450,000

= $10,000

(B) Sales return and allowance A/c Dr $10,000

To Accounts receivable $10,000

(being returned goods recorded)

Merchandise inventory A/c Dr $6,500 ($10,000 × 65%)

To Cost of goods sold $6,500

(Being cost of goods sold recorded)

The computation of the year-end allowance for sales returns is shown below:

The amount is same $6,500

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3 years ago

Who of the following would NOT qualify for FAFSA money?

irinina [24]

An individual enrolled half time

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3 years ago

Read 2 more answers

A cash-flow budget uses the same format as a cash-flow statement. It is prepared on a monthly basis and it reflects budgeted inc

RideAnS [48]

Answer:

Surplus/Deficit

2016 27920

January 4980.20

February 2265.55

March 2090.55

April 2005.55

May 2473.89

June-9061.11

Explanation:

Annual Budget

Scott and Mary Cash-Flow Statement

2017

2016 Jan. Feb. Mar. Apr. May June

Income

Deon'

Scott s salary 59,000 5162.5 5162.5 5162.5 5162.5 5162.5 5162.5

(59000/12*1.05)

Marys salary 53,1004557.75 4557.75 4557.75 4557.75 4557.75 4557.75

(53100/12*1.03)

Scott bonus 2016 5000 Jan 5900

Interest & Dividends 150 12.5 12.5 12.5 12.5 12.5 12.5

(150/12)

1.

Total Income 117250 15632.75 9732.75 9732.75 9732.75 9732.75 9732.75

Expenditures

Fixed expenses

Mortgage 14976 1248 1248 1248 1248 1248 1248

(14976/12)

Sott's Federal Income Tax 12800 2212.5 1032.5 1032.5 1032.5 1032.5 1032.5 [(salary+Bonus)*20%]

Scott's State Income Tax 3840 663.75 309.75 309.75 309.75 309.75 309.75 [(salary+Bonus)*6%]

Scott's Social Security Taxes4896 846.28 394.93 394.93 394.93 394.93 394.93

[(salary+Bonus)*7.65%]

Mary's Federal Income Tax 10620 911.55 911.55 911.55 911.55 911.55 911.55 (Salary*20%)

Mary's State Income Tax 3186 273.47 273.47 273.47 273.47 273.47 273.47 (Salary 6%)

Mary's Social Security Taxes 4062 348.67 348.67 348.67 348.67 348.67 348.67 (Salary*7.65%)

Property Taxes

2016 4100 June 4100

Property Insurance

2016 1200 June 1200

Medical Insurance 2400 240 240 240 300 240 300

Automobile Insurance and Registration

2016 700 May 175 June 175 (700/4)

Savings for auto purchase June500 500 500 500 500 500

2.

Total Fixed expenses 62780 7244.21 5258.86 5433.86 5318.86 5258.86 10793.86

Variable expenses

Food 1620 135 135 135 135 135 135 (1620/12)

Entertainment 3000 250 250 250 250 250 250 (3000/12)

Dining out 4700 391.67 391.67 391.67 391.67 391.67 391.67 (4700/12)

Electric 350 29.17 29.17 29.17 29.17 29.17 29.17

(350/12)

Water and sewer 2016 800 Jan 200.00 April 200.00 (800/4)

Heat 1250 208.33 208.33 208.33 208.33 - - (1250/6)

Cable TV 3000 250.00 250.00 250.00 250.00 250.00 250.00 (3000/12)

Telephone 600 50.00 50.00 50.00 50.00 50.00 50.00

(600/12)

Cell phone 900 75.00 75.00 75.00 75.00 75.00 75.00

(900/12)

Gifts 2016 2000 Jan 1000.00 (2000/2)

Personal care 600 50.00 50.00 50.00 50.00 50.00 50.00 (600/12)

Medical expenses 3700 308.33 308.33 308.33 308.33 308.33 308.33 (3700/12)

Vehicle gas and maintenance 2530 210.83 210.83 210.83 210.83 210.83 210.83 (2530/12)

Charitable contributions 1500 250 250 250 250 250 250

(3000/12)

Vacation June 6000

3.

Total Variable expenses 26550 3408.333 2208.33 2208.33 2408.33 2000 8000

4.Total expenses

(Addition of solution 2+ solution 3)

89330 10652.55 7467.2 7642.2 7727.2 7258.86 18793.86

5.SURPLUS/(DEFICIT)

(Solution1 Total Income-Solution 4 Total Expenses)

27920 4980.20 2265.55 2090.55 2005.55 2473.89 -9061.11

6 0

3 years ago

A textbook publisher produces a textbook for $25 per book and sells a lot of 160 to the Campus Bookstore for $50 per unit. The b

Dmitry_Shevchenko [17]

Answer:

$4,000

Explanation:

The net profit of the publisher over the useful life of the 160-unit lot of textbooks is the difference between his selling price to the bookstore and the cost incurred multiplied by the number of unit.

Hence the net profit of the publisher

= 160( $50 - $25)

= 160 * $25

= $4,000

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Why are products made in Third World Countries cheaper than goods made in the US?

Lostsunrise [7]

Answer:

Demand in developing countries is lower and so the price is set lower to match the capacity to pay (such as pharmaceuticals). Locally produced goods, especially the outputs of primary production are generally inexpensive and often will be cheaper in developing countries e.g. bananas.

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3 years ago